AGNC max pain, gamma exposure (GEX) & options open interest
As of close · rank #151 by open interest · 1,394 sessions of history since Dec 1, 2020
AGNC's nearest-expiration max pain is 9.50 for 2026-10-09, its GEX flip is 10.23, net GEX is -76,448,406, its put/call open-interest ratio is 1.25. 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: IV rank 100 · front IV premium 1.4 pp · volume/OI 0.10
AGNC closed 30.7% below its gamma max of 11.49. It is 9.6% below the delta neutral price of 9.63. Total open interest is 675,978, -2.2% versus the previous session. Its options catalyst-intensity score is 63.5 out of 100, led by IV rank 100, front IV premium 1.4 pp, volume/OI 0.10. 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 | +7,168 contracts · +2.4% |
| Put OI change, 1 session | -22,249 contracts · -5.6% |
| Call minus put OI growth, 1 session | +8.0 pp |
| Call OI change, 5 sessions | +70,048 contracts · +30.4% |
| Put OI change, 5 sessions | +65,460 contracts · +21.1% |
| Call minus put OI growth, 5 sessions | +9.3 pp |
| Daily call OI change surprise | +0.49σ (252 prior changes) |
| Daily put OI change surprise | -0.97σ (252 prior changes) |
| Daily call-minus-put growth surprise | +1.46σ (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 10 completed Day +10 paths · latest Jun 30, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 10 | +0.4% | -0.1% to +0.6% | 60% | -1.0% to +0.7% | 0.0% |
| Day +2 | 10 | -0.0% | -0.9% to +0.6% | 50% | -2.5% to +0.9% | 0.0% |
| Day +3 | 10 | +0.1% | -2.1% to +0.8% | 50% | -2.4% to +1.7% | 0.0% |
| Day +4 | 10 | -0.2% | -1.6% to +0.6% | 40% | -2.4% to +1.6% | 0.0% |
| Day +5 | 10 | +0.3% | -2.2% to +0.5% | 60% | -3.3% to +0.9% | 0.0% |
| Day +6 | 10 | +0.8% | -1.0% to +1.5% | 70% | -1.6% to +1.6% | 0.0% |
| Day +7 | 10 | +0.5% | -0.3% to +1.4% | 70% | -1.3% to +2.0% | 0.0% |
| Day +8 | 10 | +0.8% | -0.5% to +2.1% | 60% | -1.2% to +2.4% | 0.0% |
| Day +9 | 10 | +1.1% | +0.6% to +1.9% | 90% | +0.2% to +2.6% | +0.2% |
| Day +10 | 10 | +1.5% | +1.1% to +2.6% | 80% | -3.0% to +3.6% | 0.0% |
Crosses above gamma max 11 completed Day +10 paths · latest Jun 25, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 11 | +0.3% | +0.3% to +0.6% | 82% | +0.3% to +0.6% | +0.3% |
| Day +2 | 11 | +0.8% | +0.1% to +1.1% | 73% | -0.1% to +1.1% | 0.0% |
| Day +3 | 11 | +0.4% | -0.3% to +1.0% | 73% | -0.7% to +1.0% | 0.0% |
| Day +4 | 11 | +0.2% | -1.7% to +1.3% | 64% | -1.8% to +1.4% | 0.0% |
| Day +5 | 11 | +0.1% | -1.8% to +1.2% | 55% | -2.0% to +1.4% | 0.0% |
| Day +6 | 11 | -0.1% | -1.7% to +1.5% | 45% | -2.5% to +1.7% | 0.0% |
| Day +7 | 11 | +1.0% | -1.2% to +1.9% | 55% | -1.3% to +2.2% | 0.0% |
| Day +8 | 11 | +0.9% | -0.5% to +1.7% | 64% | -1.0% to +2.0% | 0.0% |
| Day +9 | 11 | +1.2% | -0.1% to +1.9% | 73% | -0.2% to +2.0% | 0.0% |
| Day +10 | 11 | +0.9% | +0.3% to +1.5% | 73% | 0.0% to +1.9% | 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 | 0% |
| Gamma max crosses | 6 |
| Delta neutral crosses | 33 |
| Prior-year sessions closer to gamma max | 99.6% of 252 |
| Prior-year sessions closer to delta neutral | 98.8% of 252 |
| Open interest percentile (1y) | 81th |
| Daily open interest change versus prior year | -0.44σ (-15,081 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +25.1% |
| Open interest change, 21 sessions | +23.7% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 10.81 vs 10.88 (-0.6%)
- closed above delta neutral at 10.91 vs 10.90 (+0.1%)
- closed below delta neutral at 10.92 vs 10.93 (-0.1%)
- closed above delta neutral at 10.89 vs 10.89 (+0.0%)
- closed below delta neutral at 10.84 vs 10.89 (-0.5%)
- closed above delta neutral at 10.61 vs 10.44 (+1.6%)
- closed below delta neutral at 10.66 vs 10.84 (-1.7%)
- closed above delta neutral at 11.07 vs 11.03 (+0.4%)
- closed below delta neutral at 10.72 vs 10.93 (-2.0%)
- closed below gamma max at 10.90 vs 11.19 (-2.7%)
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/AGNC
Questions people ask about AGNC
Where is AGNC's gamma max today?
As of Oct 2, 2026, the gamma max for AGNC is 11.49, +30.7% from the 8.79 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 AGNC above or below its delta neutral price?
AGNC closed below delta neutral: 8.79 against a delta neutral price of 9.63. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does AGNC have?
675,978 contracts of open interest across 187 listed contracts on Oct 2, 2026, -2.2% 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.