Data through close

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

As of close · rank #475 by open interest · 1,392 sessions of history since Dec 1, 2020

ALB's nearest-expiration max pain is 112.00 for 2026-10-09, its GEX flip is 116.83, net GEX is -1,702,373, its put/call open-interest ratio is 1.16. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
104.59
prev 105.03
Gamma max
149.94
+43.4% from close
Delta neutral
117.82
+12.7% from close
Gamma neutral
116.83
+11.7% from close
Open interest
158,683
-1.7% vs prev
Contracts listed
1,051
621 calls · 494 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
112.00
+7.1% from close
2026-10-09
GEX flip
116.83
+11.7% from close
Net GEX
-1,702,373
-1,072,814 per 100k OI
Call wall
110.00
+5.2% from close
Put wall
110.00
+5.2% from close
Put/call OI
1.16
85,135 puts / 73,548 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
57.9
cross-sectional score / 100
Directional score
-21.7
relatively bearish positioning
IV rank
90.9
within trailing 52-week range
Front / back ATM IV
+57.3% / +53.7%
3.5 pp front premium
Expected move
+7.9%
7 DTE · one standard deviation
ATM straddle / spot
+5.7%
front-window midpoint premium
25Δ risk reversal
1.0 pp
put IV minus call IV
IV butterfly
-6.6 pp
front-window smile convexity
Volume / open interest
0.03
5,517 contracts traded
Normalized net delta
-0.095
option-holder convention
Modeled dealer delta
0.095
opposite-side scenario
Vanna / 100k OI
2,080
volatility-sensitive delta
Charm / 100k OI
352,067
time-decay-sensitive delta
IV surface range
86.2 pp
published contour maximum minus minimum

Strongest relative signals: front IV premium 3.5 pp · IV rank 91

Download the complete dated analysis JSON .

ALB closed 43.4% below its gamma max of 149.94. It is 12.7% below the delta neutral price of 117.82. Total open interest is 158,683, -1.7% versus the previous session. Its options catalyst-intensity score is 57.9 out of 100, led by front IV premium 3.5 pp, IV rank 91. 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.

ALB call and put open interest changes
Measure Value
Call OI change, 1 session -1,850 contracts · -2.5%
Put OI change, 1 session -929 contracts · -1.1%
Call minus put OI growth, 1 session -1.4 pp
Call OI change, 5 sessions +3,587 contracts · +5.1%
Put OI change, 5 sessions +2,341 contracts · +2.8%
Call minus put OI growth, 5 sessions +2.3 pp
Daily call OI change surprise -0.16σ (249 prior changes)
Daily put OI change surprise -0.08σ (249 prior changes)
Daily call-minus-put growth surprise -0.34σ (249 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
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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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 18 completed Day +10 paths · latest Apr 16, 2026
ALB returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -18.0% -9.0% 0% +9.0% +18.0% Cross on Dec 8, 2020 Cross on Dec 18, 2020 Cross on Jan 5, 2021 Cross on Jul 12, 2021 Cross on Aug 5, 2021 Cross on Nov 19, 2021 Cross on Feb 29, 2024 Cross on Aug 27, 2025 Cross on Sep 18, 2025 Cross on Oct 9, 2025 Cross on Nov 12, 2025 Cross on Nov 17, 2025 Cross on Nov 28, 2025 Cross on Dec 18, 2025 Cross on Jan 6, 2026 Cross on Jan 9, 2026 Cross on Jan 22, 2026 Cross on Apr 16, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
ALB historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 18 +1.6% -1.2% to +3.7% 67% -1.0% to +3.6% 0.0%
Day +2 18 -0.0% -2.1% to +5.1% 50% -1.8% to +4.4% 0.0%
Day +3 18 -0.6% -2.6% to +6.1% 44% -2.5% to +4.4% 0.0%
Day +4 18 +0.0% -6.2% to +7.6% 50% -5.2% to +7.1% 0.0%
Day +5 18 -1.4% -4.1% to +7.5% 44% -4.0% to +6.8% 0.0%
Day +6 18 +1.4% -5.6% to +6.8% 50% -5.3% to +6.4% 0.0%
Day +7 18 +1.3% -6.0% to +7.4% 56% -4.5% to +7.4% 0.0%
Day +8 18 +0.4% -6.7% to +4.6% 56% -5.3% to +3.1% 0.0%
Day +9 18 +2.0% -7.9% to +9.7% 56% -5.4% to +9.1% 0.0%
Day +10 18 +3.0% -7.2% to +10.2% 67% -2.4% to +9.0% 0.0%
Crosses below gamma max 15 completed Day +10 paths · latest Jan 23, 2026
ALB returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -22.0% -11.0% 0% +11.0% +22.0% Cross on Dec 9, 2020 Cross on Dec 31, 2020 Cross on Jan 11, 2021 Cross on Jul 13, 2021 Cross on Aug 11, 2021 Cross on Nov 23, 2021 Cross on Mar 1, 2024 Cross on Aug 28, 2025 Cross on Oct 10, 2025 Cross on Nov 14, 2025 Cross on Nov 18, 2025 Cross on Dec 2, 2025 Cross on Dec 22, 2025 Cross on Jan 8, 2026 Cross on Jan 23, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
ALB historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 15 +0.2% -0.5% to +2.6% 60% -0.8% to +2.9% 0.0%
Day +2 15 +0.5% -3.6% to +3.9% 53% -4.1% to +5.4% 0.0%
Day +3 15 -2.3% -4.0% to +6.2% 47% -4.3% to +9.2% 0.0%
Day +4 15 -3.2% -4.6% to +1.4% 33% -4.6% to +1.6% 0.0%
Day +5 15 +0.9% -5.2% to +3.2% 53% -5.6% to +3.2% 0.0%
Day +6 15 +0.6% -4.3% to +3.5% 53% -5.0% to +4.0% 0.0%
Day +7 15 -0.5% -7.8% to +4.8% 47% -8.6% to +5.0% 0.0%
Day +8 15 +0.5% -6.5% to +5.3% 53% -9.7% to +7.1% 0.0%
Day +9 15 +3.2% -4.3% to +8.6% 60% -5.7% to +8.8% 0.0%
Day +10 15 +2.3% -2.5% to +12.0% 60% -3.8% to +12.9% 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

ALB trailing historical statistics
Sessions closed above gamma max 7%
Gamma max crosses 18
Delta neutral crosses 5
Prior-year sessions closer to gamma max 75.4% of 252
Prior-year sessions closer to delta neutral 62.7% of 252
Open interest percentile (1y) 3th
Daily open interest change versus prior year -0.14σ (-2,779 contracts; 252 prior changes)
Open interest change, 5 sessions +3.9%
Open interest change, 21 sessions -19.7%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed below delta neutral at 134.19 vs 134.77 (-0.4%)
  2. closed above delta neutral at 134.28 vs 134.27 (+0.0%)
  3. closed below delta neutral at 176.10 vs 176.20 (-0.1%)
  4. closed above delta neutral at 177.75 vs 175.88 (+1.1%)
  5. closed below delta neutral at 175.74 vs 180.95 (-3.0%)
  6. closed below gamma max at 197.75 vs 221.22 (-11.9%)
  7. closed above gamma max at 215.62 vs 207.05 (+4.0%)
  8. closed below gamma max at 189.51 vs 197.50 (-4.2%)
  9. closed above gamma max at 188.32 vs 186.92 (+0.7%)
  10. closed below gamma max at 163.04 vs 187.44 (-15.0%)

In today's screens

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Neighbours by open interest

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Questions people ask about ALB

Where is ALB's gamma max today?

As of Oct 2, 2026, the gamma max for ALB is 149.94, +43.4% from the 104.59 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 ALB above or below its delta neutral price?

ALB closed below delta neutral: 104.59 against a delta neutral price of 117.82. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ALB have?

158,683 contracts of open interest across 1,051 listed contracts on Oct 2, 2026, -1.7% 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.