AMD max pain, gamma exposure (GEX) & options open interest
As of close · rank #32 by open interest · 1,393 sessions of history since Dec 1, 2020
AMD's nearest-expiration max pain is 610.00 for 2026-10-05, its GEX flip is 580.28, net GEX is 56,942,530, its put/call open-interest ratio is 1.12. 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 22.2 pp · volume/OI 0.22
AMD closed 4.4% below its gamma max of 662.02. It is 14.1% above the delta neutral price of 544.53. Total open interest is 3,041,814, -6.4% versus the previous session. Its options catalyst-intensity score is 37.0 out of 100, led by smile convexity 22.2 pp, volume/OI 0.22. 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 | -86,806 contracts · -5.7% |
| Put OI change, 1 session | -120,921 contracts · -7.0% |
| Call minus put OI growth, 1 session | +1.3 pp |
| Call OI change, 5 sessions | -17,839 contracts · -1.2% |
| Put OI change, 5 sessions | +3,042 contracts · +0.2% |
| Call minus put OI growth, 5 sessions | -1.4 pp |
| Daily call OI change surprise | -0.89σ (252 prior changes) |
| Daily put OI change surprise | -1.22σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.80σ (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 below gamma max 29 completed Day +10 paths · latest Sep 22, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 30 | -0.0% | -1.7% to +2.3% | 50% | -1.1% to +1.6% | 0.0% |
| Day +2 | 30 | +1.1% | -1.8% to +3.8% | 57% | -0.8% to +2.6% | 0.0% |
| Day +3 | 30 | +0.6% | -3.2% to +2.9% | 53% | -1.8% to +2.3% | 0.0% |
| Day +4 | 30 | +1.1% | -3.1% to +5.4% | 53% | -1.1% to +4.2% | 0.0% |
| Day +5 | 30 | +1.7% | -2.4% to +6.9% | 60% | -0.8% to +4.3% | 0.0% |
| Day +6 | 30 | +2.0% | -1.6% to +7.0% | 63% | -1.3% to +4.1% | 0.0% |
| Day +7 | 30 | +0.9% | -3.3% to +8.6% | 57% | -1.3% to +6.5% | 0.0% |
| Day +8 | 30 | +1.5% | -1.6% to +9.9% | 63% | -0.3% to +4.6% | 0.0% |
| Day +9 | 29 | +2.4% | -2.9% to +11.3% | 62% | -0.6% to +8.5% | 0.0% |
| Day +10 | 29 | +3.6% | -1.4% to +10.1% | 66% | -0.4% to +8.3% | 0.0% |
Crosses above gamma max 28 completed Day +10 paths · latest Sep 21, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 29 | +0.9% | -0.9% to +2.2% | 62% | -0.7% to +2.1% | 0.0% |
| Day +2 | 29 | +1.7% | -0.6% to +3.8% | 69% | +0.1% to +3.1% | +0.1% |
| Day +3 | 29 | +2.2% | -0.3% to +3.9% | 72% | +0.6% to +3.0% | +0.6% |
| Day +4 | 29 | +1.9% | -0.7% to +5.5% | 72% | +0.3% to +3.5% | +0.3% |
| Day +5 | 29 | +2.3% | -1.7% to +6.2% | 62% | -1.2% to +5.7% | 0.0% |
| Day +6 | 29 | +2.0% | -1.3% to +7.7% | 72% | +0.4% to +6.7% | +0.4% |
| Day +7 | 29 | +2.1% | +0.0% to +11.3% | 76% | +0.3% to +4.9% | +0.3% |
| Day +8 | 29 | +3.2% | -2.1% to +9.9% | 59% | -0.7% to +9.2% | 0.0% |
| Day +9 | 29 | +3.5% | -0.5% to +11.6% | 62% | -0.5% to +9.4% | 0.0% |
| Day +10 | 28 | +5.0% | -1.6% to +14.3% | 64% | -0.0% to +9.2% | 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 | 2% |
| Gamma max crosses | 12 |
| Delta neutral crosses | 16 |
| Prior-year sessions closer to gamma max | 14.7% of 252 |
| Prior-year sessions closer to delta neutral | 79.8% of 252 |
| Open interest percentile (1y) | 31th |
| Daily open interest change versus prior year | -1.07σ (-207,727 contracts; 252 prior changes) |
| Open interest change, 5 sessions | -0.5% |
| Open interest change, 21 sessions | -2.0% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 623.77 vs 640.23 (-2.6%)
- closed above gamma max at 615.52 vs 587.38 (+4.6%)
- closed above delta neutral at 485.39 vs 448.06 (+7.7%)
- closed below delta neutral at 429.56 vs 434.99 (-1.3%)
- closed below gamma max at 495.54 vs 517.51 (-4.4%)
- closed above gamma max at 503.89 vs 502.93 (+0.2%)
- closed below gamma max at 408.46 vs 437.06 (-7.0%)
- closed above gamma max at 421.39 vs 400.03 (+5.1%)
- closed below gamma max at 334.49 vs 374.29 (-11.9%)
- closed above gamma max at 347.80 vs 347.14 (+0.2%)
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/AMD
Questions people ask about AMD
Where is AMD's gamma max today?
As of Oct 2, 2026, the gamma max for AMD is 662.02, +4.4% from the 633.91 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 AMD above or below its delta neutral price?
AMD closed above delta neutral: 633.91 against a delta neutral price of 544.53. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does AMD have?
3,041,814 contracts of open interest across 3,728 listed contracts on Oct 2, 2026, -6.4% 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.