AMC max pain, gamma exposure (GEX) & options open interest
As of close · rank #108 by open interest · 1,391 sessions of history since Dec 1, 2020
AMC's nearest-expiration max pain is 3.00 for 2026-10-09, its GEX flip is 1.38, net GEX is 28,079,792, its put/call open-interest ratio is 0.31. 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: smile convexity -27.4 pp · IV rank 100 · volume/OI 0.12
AMC closed 13.9% below its gamma max of 3.16. It is 20.2% above the delta neutral price of 2.21. Total open interest is 933,502, -10.0% versus the previous session. Its options catalyst-intensity score is 66.2 out of 100, led by smile convexity -27.4 pp, IV rank 100, volume/OI 0.12. 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 | -70,858 contracts · -9.0% |
| Put OI change, 1 session | -32,405 contracts · -12.9% |
| Call minus put OI growth, 1 session | +3.9 pp |
| Call OI change, 5 sessions | +35,801 contracts · +5.3% |
| Put OI change, 5 sessions | +7,714 contracts · +3.7% |
| Call minus put OI growth, 5 sessions | +1.6 pp |
| Daily call OI change surprise | -1.03σ (252 prior changes) |
| Daily put OI change surprise | -3.00σ (252 prior changes) |
| Daily call-minus-put growth surprise | +1.03σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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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 21 completed Day +10 paths · latest Sep 28, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 22 | 0.0% | -1.9% to +10.2% | 45% | -1.5% to +8.4% | 0.0% |
| Day +2 | 22 | +1.8% | -5.5% to +15.6% | 50% | -5.0% to +12.5% | 0.0% |
| Day +3 | 22 | +8.2% | -5.6% to +31.0% | 59% | -5.3% to +21.5% | 0.0% |
| Day +4 | 22 | +5.9% | -9.6% to +28.9% | 55% | -8.9% to +25.4% | 0.0% |
| Day +5 | 21 | +8.7% | -7.0% to +24.8% | 57% | -6.8% to +23.8% | 0.0% |
| Day +6 | 21 | +10.1% | -7.5% to +24.1% | 57% | -6.3% to +18.8% | 0.0% |
| Day +7 | 21 | +6.3% | -8.9% to +13.3% | 62% | -7.8% to +12.3% | 0.0% |
| Day +8 | 21 | +4.9% | -10.3% to +21.3% | 62% | -10.2% to +14.6% | 0.0% |
| Day +9 | 21 | +4.9% | -6.7% to +24.6% | 57% | -6.2% to +22.8% | 0.0% |
| Day +10 | 21 | +4.9% | -11.3% to +32.9% | 52% | -9.6% to +31.6% | 0.0% |
Crosses below gamma max 19 completed Day +10 paths · latest Aug 4, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 19 | -0.4% | -2.7% to +6.3% | 42% | -2.7% to +5.3% | 0.0% |
| Day +2 | 19 | -0.5% | -5.9% to +14.5% | 47% | -5.5% to +10.1% | 0.0% |
| Day +3 | 19 | -2.6% | -7.5% to +18.9% | 42% | -7.2% to +17.1% | 0.0% |
| Day +4 | 19 | -3.3% | -9.3% to +19.1% | 47% | -9.0% to +17.5% | 0.0% |
| Day +5 | 19 | +1.2% | -5.3% to +25.1% | 58% | -3.6% to +21.8% | 0.0% |
| Day +6 | 19 | +5.4% | -4.6% to +29.9% | 58% | -4.0% to +23.7% | 0.0% |
| Day +7 | 19 | +7.1% | -3.3% to +25.7% | 58% | -1.9% to +25.0% | 0.0% |
| Day +8 | 19 | +4.8% | -6.0% to +36.0% | 63% | -5.3% to +29.8% | 0.0% |
| Day +9 | 19 | +4.0% | -4.9% to +20.1% | 68% | -4.2% to +18.5% | 0.0% |
| Day +10 | 19 | +2.7% | -5.5% to +29.8% | 58% | -4.7% to +19.9% | 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 | 17% |
| Gamma max crosses | 23 |
| Delta neutral crosses | 4 |
| Prior-year sessions closer to gamma max | 62.3% of 252 |
| Prior-year sessions closer to delta neutral | 31.3% of 252 |
| Open interest percentile (1y) | 37th |
| Daily open interest change versus prior year | -1.31σ (-103,263 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +4.9% |
| Open interest change, 21 sessions | -0.2% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 3.08 vs 3.48 (-13.0%)
- closed above gamma max at 3.29 vs 3.20 (+2.9%)
- closed below gamma max at 2.68 vs 2.77 (-3.4%)
- closed above gamma max at 2.82 vs 2.80 (+0.7%)
- closed below gamma max at 2.28 vs 2.35 (-2.9%)
- closed above gamma max at 2.07 vs 2.03 (+1.9%)
- closed below gamma max at 1.90 vs 2.05 (-7.7%)
- closed above gamma max at 2.15 vs 2.14 (+0.5%)
- closed below gamma max at 1.99 vs 2.01 (-0.6%)
- closed above gamma max at 2.08 vs 1.99 (+4.2%)
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/AMC
Questions people ask about AMC
Where is AMC's gamma max today?
As of Oct 2, 2026, the gamma max for AMC is 3.16, +13.9% from the 2.77 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 AMC above or below its delta neutral price?
AMC closed above delta neutral: 2.77 against a delta neutral price of 2.21. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does AMC have?
933,502 contracts of open interest across 222 listed contracts on Oct 2, 2026, -10.0% 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.