Data through close

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

As of close · rank #995 by open interest · snapshot page

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ARE's nearest-expiration max pain is 55.00 for 2026-10-16, its GEX flip is 49.27, net GEX is -583,605, its put/call open-interest ratio is 0.97. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
47.37
prev 47.03
Gamma max
56.91
+20.1% from close
Delta neutral
51.17
+8.0% from close
Gamma neutral
49.27
+4.0% from close
Open interest
49,413
+0.1% vs prev
Contracts listed
236
139 calls · 115 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
55.00
+16.1% from close
2026-10-16
GEX flip
49.27
+4.0% from close
Net GEX
-583,605
-1,181,075 per 100k OI
Call wall
50.00
+5.6% from close
Put wall
50.00
+5.6% from close
Put/call OI
0.97
24,348 puts / 25,065 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
–
cross-sectional score / 100
Directional score
–
IV rank
73.2
within trailing 52-week range
Front / back ATM IV
+48.7% / +46.1%
2.6 pp front premium
Expected move
+9.5%
14 DTE · one standard deviation
ATM straddle / spot
+7.3%
front-window midpoint premium
25Δ risk reversal
-0.4 pp
put IV minus call IV
IV butterfly
-5.2 pp
front-window smile convexity
Volume / open interest
0.01
573 contracts traded
Normalized net delta
-0.103
option-holder convention
Modeled dealer delta
0.103
opposite-side scenario
Vanna / 100k OI
3,446
volatility-sensitive delta
Charm / 100k OI
393,641
time-decay-sensitive delta
IV surface range
135.7 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

ARE closed 20.1% below its gamma max of 56.91. It is 8.0% below the delta neutral price of 51.17. Total open interest is 49,413, +0.1% versus the previous session. What gamma max means · What delta neutral means

History

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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In today's screens

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Neighbours by open interest

← KD (#994) BUR (#996) →

Questions people ask about ARE

Where is ARE's gamma max today?

As of Oct 2, 2026, the gamma max for ARE is 56.91, +20.1% from the 47.37 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 ARE above or below its delta neutral price?

ARE closed below delta neutral: 47.37 against a delta neutral price of 51.17. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ARE have?

49,413 contracts of open interest across 236 listed contracts on Oct 2, 2026, +0.1% 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.