Data through close

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

As of close · rank #292 by open interest · 1,393 sessions of history since Dec 1, 2020

APH's nearest-expiration max pain is 80.00 for 2026-10-16, its GEX flip is 80.13, net GEX is 14,354,626, its put/call open-interest ratio is 1.43. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
86.96
prev 85.67
Gamma max
90.33
+3.9% from close
Delta neutral
78.08
-10.2% from close
Gamma neutral
80.13
-7.9% from close
Open interest
318,931
-0.2% vs prev
Contracts listed
411
281 calls · 244 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
80.00
-8.0% from close
2026-10-16
GEX flip
80.13
-7.9% from close
Net GEX
14,354,626
4,500,856 per 100k OI
Call wall
90.00
+3.5% from close
Put wall
65.00
-25.3% from close
Put/call OI
1.43
187,720 puts / 131,211 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
34.9
cross-sectional score / 100
Directional score
-29.3
relatively bearish positioning
IV rank
67.1
within trailing 52-week range
Front / back ATM IV
+39.4% / +46.4%
-7.1 pp front premium
Expected move
+7.7%
14 DTE · one standard deviation
ATM straddle / spot
+5.9%
front-window midpoint premium
25Δ risk reversal
1.6 pp
put IV minus call IV
IV butterfly
-0.2 pp
front-window smile convexity
Volume / open interest
0.02
7,260 contracts traded
Normalized net delta
0.180
option-holder convention
Modeled dealer delta
-0.180
opposite-side scenario
Vanna / 100k OI
1,225
volatility-sensitive delta
Charm / 100k OI
-1,312,050
time-decay-sensitive delta
IV surface range
59.5 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

APH closed 3.9% below its gamma max of 90.33. It is 10.2% above the delta neutral price of 78.08. Total open interest is 318,931, -0.2% versus the previous session. Its options catalyst-intensity score is 34.9 out of 100. 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.

APH call and put open interest changes
Measure Value
Call OI change, 1 session -424 contracts · -0.3%
Put OI change, 1 session -287 contracts · -0.2%
Call minus put OI growth, 1 session -0.2 pp
Call OI change, 5 sessions +6,546 contracts · +5.3%
Put OI change, 5 sessions +4,176 contracts · +2.3%
Call minus put OI growth, 5 sessions +3.0 pp
Daily call OI change surprise -0.08σ (252 prior changes)
Daily put OI change surprise -0.09σ (252 prior changes)
Daily call-minus-put growth surprise +0.03σ (252 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 below gamma max 30 completed Day +10 paths · latest Jul 1, 2026
APH 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. -8.0% -4.0% 0% +4.0% +8.0% Cross on Dec 22, 2020 Cross on Nov 18, 2021 Cross on Aug 17, 2022 Cross on Aug 19, 2022 Cross on Jun 16, 2023 Cross on Jul 20, 2023 Cross on Nov 9, 2023 Cross on Nov 16, 2023 Cross on Dec 18, 2023 Cross on Jan 31, 2024 Cross on Feb 5, 2024 Cross on Feb 9, 2024 Cross on Feb 14, 2024 Cross on Feb 16, 2024 Cross on Mar 5, 2024 Cross on Mar 18, 2024 Cross on Nov 12, 2024 Cross on Nov 14, 2024 Cross on May 5, 2025 Cross on May 16, 2025 Cross on Jun 16, 2025 Cross on Jun 23, 2025 Cross on Jun 26, 2025 Cross on Jul 18, 2025 Cross on Aug 13, 2025 Cross on Sep 11, 2025 Cross on Sep 19, 2025 Cross on Sep 24, 2025 Cross on Jan 16, 2026 Cross on Jul 1, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
APH historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 30 -0.1% -0.7% to +0.6% 43% -0.6% to +0.4% 0.0%
Day +2 30 -0.1% -0.8% to +1.2% 47% -0.6% to +0.8% 0.0%
Day +3 30 +0.0% -1.4% to +0.7% 50% -1.1% to +0.5% 0.0%
Day +4 30 +0.4% -1.2% to +1.6% 60% -0.5% to +0.9% 0.0%
Day +5 30 +0.9% -1.1% to +2.5% 70% +0.8% to +2.2% +0.8%
Day +6 30 +1.5% -0.5% to +3.4% 73% +0.4% to +2.4% +0.4%
Day +7 30 +1.0% -0.3% to +3.5% 63% -0.2% to +1.9% 0.0%
Day +8 30 +1.5% +0.3% to +3.8% 77% +0.7% to +3.2% +0.7%
Day +9 30 +2.0% -0.0% to +3.9% 73% +1.1% to +3.4% +1.1%
Day +10 30 +2.2% +0.2% to +3.8% 77% +1.2% to +3.0% +1.2%
Crosses above gamma max 32 completed Day +10 paths · latest Jun 30, 2026
APH 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. -8.0% -4.0% 0% +4.0% +8.0% Cross on Dec 18, 2020 Cross on Nov 5, 2021 Cross on Jul 27, 2022 Cross on Aug 18, 2022 Cross on Jun 13, 2023 Cross on Jul 18, 2023 Cross on Nov 8, 2023 Cross on Nov 10, 2023 Cross on Dec 11, 2023 Cross on Jan 30, 2024 Cross on Feb 2, 2024 Cross on Feb 6, 2024 Cross on Feb 12, 2024 Cross on Feb 15, 2024 Cross on Mar 1, 2024 Cross on Mar 15, 2024 Cross on May 8, 2024 Cross on Oct 17, 2024 Cross on Nov 7, 2024 Cross on Nov 13, 2024 Cross on May 2, 2025 Cross on May 12, 2025 Cross on May 30, 2025 Cross on Jun 20, 2025 Cross on Jun 24, 2025 Cross on Jul 16, 2025 Cross on Aug 12, 2025 Cross on Sep 10, 2025 Cross on Sep 18, 2025 Cross on Sep 23, 2025 Cross on Jan 13, 2026 Cross on Jun 30, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
APH historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 32 -0.1% -0.7% to +0.8% 47% -0.3% to +0.3% 0.0%
Day +2 32 +0.2% -1.0% to +1.6% 50% -1.0% to +1.3% 0.0%
Day +3 32 +0.7% -1.1% to +2.5% 66% -0.3% to +2.0% 0.0%
Day +4 32 +1.0% -0.3% to +2.7% 69% +0.2% to +2.2% +0.2%
Day +5 32 +0.5% -0.6% to +3.5% 63% -0.4% to +3.1% 0.0%
Day +6 32 +2.3% +0.2% to +3.9% 75% +1.3% to +3.4% +1.3%
Day +7 32 +2.1% -0.4% to +3.9% 69% +1.4% to +3.7% +1.4%
Day +8 32 +2.5% +0.0% to +4.1% 75% +0.9% to +3.5% +0.9%
Day +9 32 +2.2% +0.6% to +4.4% 75% +1.3% to +4.0% +1.3%
Day +10 32 +2.3% -0.7% to +4.5% 72% +0.3% to +4.1% +0.3%

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

APH trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 4
Delta neutral crosses 8
Prior-year sessions closer to gamma max 15.1% of 252
Prior-year sessions closer to delta neutral 61.5% of 252
Open interest percentile (1y) 99th
Daily open interest change versus prior year -0.09σ (-711 contracts; 252 prior changes)
Open interest change, 5 sessions +3.5%
Open interest change, 21 sessions +155.6%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed above delta neutral at 82.78 vs 75.06 (+9.3%)
  2. closed below delta neutral at 82.07 vs 102.19 (-24.5%)
  3. closed below gamma max at 172.18 vs 176.88 (-2.7%)
  4. closed above gamma max at 176.32 vs 176.01 (+0.2%)
  5. closed above delta neutral at 132.06 vs 127.40 (+3.5%)
  6. closed below delta neutral at 136.69 vs 138.35 (-1.2%)
  7. closed above delta neutral at 135.32 vs 134.11 (+0.9%)
  8. closed below delta neutral at 140.89 vs 142.67 (-1.3%)
  9. closed above delta neutral at 144.20 vs 141.43 (+1.9%)
  10. closed below delta neutral at 130.00 vs 139.21 (-7.1%)

In today's screens

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Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/APH

Questions people ask about APH

Where is APH's gamma max today?

As of Oct 2, 2026, the gamma max for APH is 90.33, +3.9% from the 86.96 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 APH above or below its delta neutral price?

APH closed above delta neutral: 86.96 against a delta neutral price of 78.08. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does APH have?

318,931 contracts of open interest across 411 listed contracts on Oct 2, 2026, -0.2% 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.