Data through close

AAP max pain, gamma exposure (GEX) & options open interest

As of close · rank #859 by open interest · snapshot page

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AAP's nearest-expiration max pain is 40.00 for 2026-10-09, its GEX flip is 41.00, net GEX is -1,055,812, its put/call open-interest ratio is 0.79. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
38.68
prev 38.74
Gamma max
48.31
+24.9% from close
Delta neutral
41.21
+6.5% from close
Gamma neutral
41.00
+6.0% from close
Open interest
63,702
-9.0% vs prev
Contracts listed
503
280 calls · 250 puts

Whole-chain analytics

Derived after the close from the same dated options chain. Signed gamma exposure uses calls positive and puts negative; it is a model convention, not observed dealer inventory.

Nearest max pain
40.00
+3.4% from close
2026-10-09
GEX flip
41.00
+6.0% from close
Net GEX
-1,055,812
-1,657,423 per 100k OI
Call wall
45.00
+16.3% from close
Put wall
40.00
+3.4% from close
Put/call OI
0.79
28,084 puts / 35,618 calls

Advanced options analysis

Complete derived analysis from the dated chain, normalized where possible for comparison across tickers. Catalyst intensity measures unusual pricing and activity; it does not identify an event, predict direction, or establish that an investment is attractive.

Catalyst intensity
–
cross-sectional score / 100
Directional score
–
IV rank
94.6
within trailing 52-week range
Front / back ATM IV
+50.1% / +60.3%
-10.2 pp front premium
Expected move
+6.9%
7 DTE · one standard deviation
ATM straddle / spot
+5.6%
front-window midpoint premium
25Δ risk reversal
4.7 pp
put IV minus call IV
IV butterfly
-9.8 pp
front-window smile convexity
Volume / open interest
0.09
5,972 contracts traded
Normalized net delta
-0.041
option-holder convention
Modeled dealer delta
0.040
opposite-side scenario
Vanna / 100k OI
5,208
volatility-sensitive delta
Charm / 100k OI
288,465
time-decay-sensitive delta
IV surface range
123.3 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

AAP closed 24.9% below its gamma max of 48.31. It is 6.5% below the delta neutral price of 41.21. Total open interest is 63,702, -9.0% versus the previous session. What gamma max means · What delta neutral means

History

Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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In today's screens

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Neighbours by open interest

← EWT (#858) SPXL (#860) →

Questions people ask about AAP

Where is AAP's gamma max today?

As of Oct 2, 2026, the gamma max for AAP is 48.31, +24.9% from the 38.68 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.

Is AAP above or below its delta neutral price?

AAP closed below delta neutral: 38.68 against a delta neutral price of 41.21. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does AAP have?

63,702 contracts of open interest across 503 listed contracts on Oct 2, 2026, -9.0% versus the previous session. What open interest measures.

Levels are recomputed after every trading day from licensed end-of-day options data; only derived aggregates are published. Methodology · Data and licence · Not investment advice.