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SPX Dealer Levels: April 24, 2026

On Friday, April 24, 2026, SPX opened at 7,108.40 and closed at 7,165.08, a session range of 60.19 points (0.85%). The mid-session dealer positioning snapshot showed call wall 7160, put wall 7150, zero gamma 7075, max pain 7045.

Dealer positioning levels

Call wall

Strike carrying the session's heaviest call-side dealer gamma. Rallies often slow into this area.

7,160
Put wall

Strike carrying the heaviest put-side dealer gamma. Declines often slow near this area.

7,150
Zero gamma

Level where net dealer gamma flips sign, separating the dampened regime above from the amplified regime below.

7,075
Max pain

Expiry strike at which the total settlement value of same-day SPX options would be smallest.

7,045

Session statistics

Open

7,108.40

High

7,168.59

Low

7,108.40

Close

7,165.08

Net dealer gamma read positive at the snapshot, a backdrop in which dealer hedging flows tend to dampen intraday swings. VIX opened at 18.94 and finished at 18.71.

Levels are computed from that session's SPX option-chain snapshots and reflect a mid-session reading. Prices are session-observed values, not official settlement prints. Archive pages are static records of what the dealer book showed that day. Method details on the methodology page.

For informational and educational purposes only. Not investment advice and not a recommendation to buy or sell any security. Options trading involves substantial risk of loss. Market-structure figures described here are zdte.ai's proprietary estimates of dealer positioning, which can be wrong. Always do your own research.