ADI max pain, gamma exposure (GEX) & options open interest
As of close · rank #608 by open interest · 1,393 sessions of history since Dec 1, 2020
ADI's nearest-expiration max pain is 375.00 for 2026-10-09, its GEX flip is 310.35, net GEX is 10,979,909, its put/call open-interest ratio is 0.44. 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 0.10 · smile convexity 12.9 pp · IV rank 95
ADI closed 1.7% above its gamma max of 410.16. It is 16.4% above the delta neutral price of 348.85. Total open interest is 106,775, -9.0% versus the previous session. Its options catalyst-intensity score is 60.3 out of 100, led by volume/OI 0.10, smile convexity 12.9 pp, IV rank 95. 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 | -4,011 contracts · -5.1% |
| Put OI change, 1 session | -6,541 contracts · -16.8% |
| Call minus put OI growth, 1 session | +11.6 pp |
| Call OI change, 5 sessions | -359 contracts · -0.5% |
| Put OI change, 5 sessions | +1,965 contracts · +6.4% |
| Call minus put OI growth, 5 sessions | -6.9 pp |
| Daily call OI change surprise | -0.92σ (252 prior changes) |
| Daily put OI change surprise | -1.41σ (252 prior changes) |
| Daily call-minus-put growth surprise | +2.10σ (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 above gamma max 27 completed Day +10 paths · latest Oct 1, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 28 | -0.3% | -1.3% to +0.6% | 39% | -1.1% to +0.4% | 0.0% |
| Day +2 | 27 | -0.6% | -1.8% to +0.3% | 41% | -1.2% to +0.2% | 0.0% |
| Day +3 | 27 | -1.2% | -3.4% to +0.8% | 37% | -3.2% to +0.6% | 0.0% |
| Day +4 | 27 | -1.2% | -4.1% to +0.8% | 33% | -3.6% to +0.3% | 0.0% |
| Day +5 | 27 | -0.6% | -3.5% to +1.1% | 44% | -3.3% to +1.0% | 0.0% |
| Day +6 | 27 | -1.0% | -4.4% to +0.6% | 44% | -2.8% to +0.6% | 0.0% |
| Day +7 | 27 | -0.6% | -5.0% to +1.9% | 33% | -4.8% to +1.3% | 0.0% |
| Day +8 | 27 | -1.0% | -4.2% to +2.2% | 41% | -2.9% to +2.0% | 0.0% |
| Day +9 | 27 | -0.4% | -4.2% to +2.8% | 48% | -3.6% to +2.4% | 0.0% |
| Day +10 | 27 | -1.4% | -3.7% to +2.1% | 41% | -3.5% to +1.8% | 0.0% |
Crosses below gamma max 27 completed Day +10 paths · latest May 14, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 27 | +0.1% | -0.9% to +1.3% | 52% | -0.7% to +0.8% | 0.0% |
| Day +2 | 27 | +0.1% | -2.5% to +1.4% | 56% | -1.5% to +1.3% | 0.0% |
| Day +3 | 27 | -0.8% | -2.8% to +2.3% | 48% | -2.2% to +1.5% | 0.0% |
| Day +4 | 27 | +0.7% | -2.7% to +2.6% | 56% | -2.3% to +2.1% | 0.0% |
| Day +5 | 27 | +0.4% | -3.0% to +2.3% | 52% | -2.0% to +1.7% | 0.0% |
| Day +6 | 27 | -0.3% | -3.5% to +3.2% | 44% | -1.8% to +2.1% | 0.0% |
| Day +7 | 27 | -1.0% | -3.9% to +2.1% | 41% | -2.9% to +1.3% | 0.0% |
| Day +8 | 27 | -1.4% | -3.7% to +2.9% | 41% | -3.4% to +1.4% | 0.0% |
| Day +9 | 27 | -1.7% | -3.9% to +3.8% | 41% | -3.4% to +2.3% | 0.0% |
| Day +10 | 27 | -2.0% | -3.9% to +5.2% | 41% | -3.9% to +4.2% | 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 | 8% |
| Gamma max crosses | 25 |
| Delta neutral crosses | 10 |
| Prior-year sessions closer to gamma max | 18.7% of 252 |
| Prior-year sessions closer to delta neutral | 100.0% of 252 |
| Open interest percentile (1y) | 75th |
| Daily open interest change versus prior year | -1.22σ (-10,552 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +1.5% |
| Open interest change, 21 sessions | +5.5% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above gamma max at 404.60 vs 404.33 (+0.1%)
- closed above delta neutral at 356.50 vs 356.35 (+0.0%)
- closed below delta neutral at 354.52 vs 358.27 (-1.1%)
- closed above delta neutral at 366.67 vs 364.22 (+0.7%)
- closed below delta neutral at 353.37 vs 359.30 (-1.7%)
- closed below gamma max at 427.33 vs 429.66 (-0.5%)
- closed above gamma max at 432.30 vs 430.42 (+0.4%)
- closed below gamma max at 399.57 vs 421.62 (-5.5%)
- closed above gamma max at 403.88 vs 398.16 (+1.4%)
- closed below gamma max at 375.27 vs 382.03 (-1.8%)
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/ADI
Questions people ask about ADI
Where is ADI's gamma max today?
As of Oct 2, 2026, the gamma max for ADI is 410.16, -1.7% from the 417.15 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 ADI above or below its delta neutral price?
ADI closed above delta neutral: 417.15 against a delta neutral price of 348.85. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does ADI have?
106,775 contracts of open interest across 745 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.