Data through close

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

As of close · rank #866 by open interest · snapshot page

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ARES's nearest-expiration max pain is 126.00 for 2026-10-09, its GEX flip is 160.21, net GEX is -4,236,735, its put/call open-interest ratio is 2.49. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
117.55
prev 116.57
Gamma max
187.83
+59.8% from close
Delta neutral
137.07
+16.6% from close
Gamma neutral
160.21
+36.3% from close
Open interest
63,135
-1.0% vs prev
Contracts listed
498
277 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
126.00
+7.2% from close
2026-10-09
GEX flip
160.21
+36.3% from close
Net GEX
-4,236,735
-6,710,596 per 100k OI
Call wall
130.00
+10.6% from close
Put wall
105.00
-10.7% from close
Put/call OI
2.49
45,046 puts / 18,089 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
87.2
within trailing 52-week range
Front / back ATM IV
+43.9% / +45.2%
-1.3 pp front premium
Expected move
+6.1%
7 DTE · one standard deviation
ATM straddle / spot
+6.4%
front-window midpoint premium
25Δ risk reversal
-4.3 pp
put IV minus call IV
IV butterfly
6.3 pp
front-window smile convexity
Volume / open interest
0.02
1,138 contracts traded
Normalized net delta
-0.175
option-holder convention
Modeled dealer delta
0.175
opposite-side scenario
Vanna / 100k OI
3,294
volatility-sensitive delta
Charm / 100k OI
443,219
time-decay-sensitive delta
IV surface range
49.6 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

ARES closed 59.8% below its gamma max of 187.83. It is 16.6% below the delta neutral price of 137.07. Total open interest is 63,135, -1.0% 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

Neighbours by open interest

← DCH (#865) ITUB (#867) →

Questions people ask about ARES

Where is ARES's gamma max today?

As of Oct 2, 2026, the gamma max for ARES is 187.83, +59.8% from the 117.55 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 ARES above or below its delta neutral price?

ARES closed below delta neutral: 117.55 against a delta neutral price of 137.07. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ARES have?

63,135 contracts of open interest across 498 listed contracts on Oct 2, 2026, -1.0% 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.