AAPL max pain, gamma exposure (GEX) & options open interest
As of close · rank #18 by open interest · 1,394 sessions of history since Dec 1, 2020
AAPL's nearest-expiration max pain is 327.50 for 2026-10-05, its GEX flip is 305.94, net GEX is 378,215,056, its put/call open-interest ratio is 0.74. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
Strongest relative signals: volume/OI 0.27
AAPL closed 3.9% below its gamma max of 346.79. It is 8.8% above the delta neutral price of 304.17. Total open interest is 4,672,261, -3.1% versus the previous session. Its options catalyst-intensity score is 42.8 out of 100, led by volume/OI 0.27. What gamma max means · What delta neutral means
Call versus put open interest changes
Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -87,358 contracts · -3.2% |
| Put OI change, 1 session | -61,871 contracts · -3.0% |
| Call minus put OI growth, 1 session | -0.1 pp |
| Call OI change, 5 sessions | +80,743 contracts · +3.1% |
| Put OI change, 5 sessions | +97,100 contracts · +5.1% |
| Call minus put OI growth, 5 sessions | -2.0 pp |
| Daily call OI change surprise | -0.59σ (252 prior changes) |
| Daily put OI change surprise | -0.61σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.07σ (252 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
What followed prior gamma-max crosses?
Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.
Crosses below gamma max 12 completed Day +10 paths · latest Jul 17, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 12 | -0.4% | -1.0% to +0.4% | 50% | -1.3% to +0.8% | 0.0% |
| Day +2 | 12 | +0.7% | -2.1% to +1.3% | 58% | -2.8% to +2.0% | 0.0% |
| Day +3 | 12 | -0.2% | -1.7% to +1.3% | 50% | -2.0% to +1.7% | 0.0% |
| Day +4 | 12 | -0.7% | -2.4% to +1.4% | 42% | -2.6% to +2.1% | 0.0% |
| Day +5 | 12 | -0.1% | -1.7% to +1.0% | 50% | -3.4% to +1.3% | 0.0% |
| Day +6 | 12 | +0.7% | -1.3% to +1.5% | 67% | -1.6% to +1.7% | 0.0% |
| Day +7 | 12 | +0.2% | -0.2% to +1.3% | 67% | -0.6% to +1.9% | 0.0% |
| Day +8 | 12 | +0.9% | -1.7% to +2.0% | 67% | -3.3% to +2.0% | 0.0% |
| Day +9 | 12 | +0.4% | -0.9% to +1.8% | 50% | -1.2% to +2.6% | 0.0% |
| Day +10 | 12 | +0.9% | -1.7% to +2.6% | 67% | -1.9% to +3.0% | 0.0% |
Crosses above gamma max 12 completed Day +10 paths · latest Jul 15, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 12 | +0.2% | -0.6% to +1.6% | 58% | -0.6% to +1.7% | 0.0% |
| Day +2 | 12 | +0.3% | -0.8% to +1.9% | 58% | -1.5% to +2.0% | 0.0% |
| Day +3 | 12 | +0.1% | -1.5% to +2.5% | 50% | -2.6% to +3.1% | 0.0% |
| Day +4 | 12 | +0.3% | -0.9% to +2.3% | 58% | -2.0% to +2.6% | 0.0% |
| Day +5 | 12 | -0.2% | -1.1% to +1.7% | 50% | -2.5% to +2.7% | 0.0% |
| Day +6 | 12 | -0.5% | -2.2% to +1.7% | 42% | -3.6% to +2.3% | 0.0% |
| Day +7 | 12 | +0.4% | -1.9% to +2.1% | 50% | -2.0% to +3.4% | 0.0% |
| Day +8 | 12 | +0.5% | -0.8% to +2.3% | 58% | -1.4% to +2.9% | 0.0% |
| Day +9 | 12 | +1.3% | -1.9% to +2.9% | 58% | -2.1% to +3.7% | 0.0% |
| Day +10 | 12 | +0.9% | -0.0% to +2.7% | 75% | -0.7% to +3.3% | 0.0% |
Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.
Last 252 sessions
| Sessions closed above gamma max | 1% |
| Gamma max crosses | 2 |
| Delta neutral crosses | 0 |
| Prior-year sessions closer to gamma max | 50.8% of 252 |
| Prior-year sessions closer to delta neutral | 48.4% of 252 |
| Open interest percentile (1y) | 46th |
| Daily open interest change versus prior year | -0.61σ (-149,229 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +4.0% |
| Open interest change, 21 sessions | -1.2% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 333.74 vs 340.60 (-2.1%)
- closed above gamma max at 327.50 vs 324.33 (+1.0%)
- closed below gamma max at 254.43 vs 258.05 (-1.4%)
- closed above gamma max at 256.08 vs 250.50 (+2.2%)
- closed above delta neutral at 203.35 vs 202.29 (+0.5%)
- closed below delta neutral at 202.38 vs 202.45 (-0.0%)
- closed above delta neutral at 201.00 vs 198.48 (+1.3%)
- closed below delta neutral at 198.78 vs 199.98 (-0.6%)
- closed above delta neutral at 200.85 vs 200.69 (+0.1%)
- closed below delta neutral at 202.09 vs 202.79 (-0.3%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/AAPL
Questions people ask about AAPL
Where is AAPL's gamma max today?
As of Oct 2, 2026, the gamma max for AAPL is 346.79, +3.9% from the 333.69 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 AAPL above or below its delta neutral price?
AAPL closed above delta neutral: 333.69 against a delta neutral price of 304.17. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does AAPL have?
4,672,261 contracts of open interest across 2,070 listed contracts on Oct 2, 2026, -3.1% 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.