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SPX Dealer Levels: June 26, 2026

On Friday, June 26, 2026, SPX opened at 7,357.49 and closed at 7,354.02, a session range of 98.75 points (1.35%). The mid-session dealer positioning snapshot showed call wall 7400, put wall 7350, zero gamma 7143, max pain 7420.

Dealer positioning levels

Call wall

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

7,400
Put wall

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

7,350
Zero gamma

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

7,143
Max pain

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

7,420

Session statistics

Open

7,357.49

High

7,392.93

Low

7,294.18

Close

7,354.02

Net dealer gamma read negative at the snapshot, a backdrop in which dealer hedging flows tend to amplify intraday swings. VIX opened at 20.47 and finished at 18.41.

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.