Data through close

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

As of close · rank #365 by open interest · 1,388 sessions of history since Dec 1, 2020

ARKG's nearest-expiration max pain is 52.00 for 2026-10-09, its GEX flip is 54.94, net GEX is -1,429,936, its put/call open-interest ratio is 1.45. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
54.00
prev 53.17
Gamma max
59.54
+10.3% from close
Delta neutral
49.59
-8.2% from close
Gamma neutral
54.94
+1.7% from close
Open interest
232,263
-2.8% vs prev
Contracts listed
495
330 calls · 301 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
52.00
-3.7% from close
2026-10-09
GEX flip
54.94
+1.7% from close
Net GEX
-1,429,936
-615,654 per 100k OI
Call wall
55.00
+1.9% from close
Put wall
48.00
-11.1% from close
Put/call OI
1.45
137,554 puts / 94,709 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
50.5
cross-sectional score / 100
Directional score
-36.8
relatively bearish positioning
IV rank
38.0
within trailing 52-week range
Front / back ATM IV
+51.3% / +49.4%
1.9 pp front premium
Expected move
+7.1%
7 DTE · one standard deviation
ATM straddle / spot
+5.3%
front-window midpoint premium
25Δ risk reversal
6.9 pp
put IV minus call IV
IV butterfly
-0.1 pp
front-window smile convexity
Volume / open interest
0.01
2,887 contracts traded
Normalized net delta
0.104
option-holder convention
Modeled dealer delta
-0.091
opposite-side scenario
Vanna / 100k OI
2,912
volatility-sensitive delta
Charm / 100k OI
-333,456
time-decay-sensitive delta
IV surface range
166.4 pp
published contour maximum minus minimum

Strongest relative signals: front IV premium 1.9 pp

Download the complete dated analysis JSON .

ARKG closed 10.3% below its gamma max of 59.54. It is 8.2% above the delta neutral price of 49.59. Total open interest is 232,263, -2.8% versus the previous session. Its options catalyst-intensity score is 50.5 out of 100, led by front IV premium 1.9 pp. 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.

ARKG call and put open interest changes
Measure Value
Call OI change, 1 session -4,220 contracts · -4.3%
Put OI change, 1 session -2,417 contracts · -1.7%
Call minus put OI growth, 1 session -2.5 pp
Call OI change, 5 sessions -400 contracts · -0.4%
Put OI change, 5 sessions +8,160 contracts · +6.3%
Call minus put OI growth, 5 sessions -6.7 pp
Daily call OI change surprise -0.33σ (252 prior changes)
Daily put OI change surprise -0.33σ (252 prior changes)
Daily call-minus-put growth surprise -0.28σ (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 5 completed Day +10 paths · latest Sep 18, 2026
ARKG 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. -18.0% -9.0% 0% +9.0% +18.0% Cross on Jun 11, 2021 Cross on Feb 18, 2025 Cross on Aug 24, 2026 Cross on Aug 28, 2026 Cross on Sep 18, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
ARKG historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 5 +0.7% +0.3% to +1.2% 80% -0.9% to +4.3% 0.0%
Day +2 5 -1.6% -1.7% to +2.4% 40% -3.1% to +3.0% 0.0%
Day +3 5 -1.4% -2.2% to -1.0% 20% -8.6% to +3.9% 0.0%
Day +4 5 -0.8% -0.9% to +0.3% 40% -10.1% to +3.7% 0.0%
Day +5 5 -1.0% -1.6% to -0.4% 20% -14.7% to +3.3% 0.0%
Day +6 5 -1.7% -2.4% to +0.6% 40% -13.0% to +3.3% 0.0%
Day +7 5 -1.8% -2.8% to +0.8% 40% -16.7% to +4.5% 0.0%
Day +8 5 -1.7% -4.7% to +1.8% 40% -16.5% to +5.0% 0.0%
Day +9 5 -1.8% -4.1% to +3.0% 40% -21.5% to +3.1% 0.0%
Day +10 5 -1.8% -2.4% to +3.6% 40% -20.2% to +4.6% 0.0%
Crosses above gamma max 7 completed Day +10 paths · latest Sep 17, 2026
ARKG 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. -16.0% -8.0% 0% +8.0% +16.0% Cross on Jun 10, 2021 Cross on Jun 2, 2023 Cross on Dec 14, 2023 Cross on Feb 14, 2025 Cross on Aug 20, 2026 Cross on Aug 25, 2026 Cross on Sep 17, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
ARKG historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 7 +0.1% -0.8% to +0.5% 57% -2.2% to +3.8% 0.0%
Day +2 7 +0.4% -0.1% to +1.1% 71% -3.3% to +3.1% 0.0%
Day +3 7 +1.9% -2.5% to +2.9% 57% -4.8% to +5.1% 0.0%
Day +4 7 -1.8% -4.1% to +0.3% 29% -8.4% to +3.8% 0.0%
Day +5 7 +0.1% -3.3% to +2.5% 57% -10.0% to +4.7% 0.0%
Day +6 7 0.0% -3.3% to +3.2% 43% -14.5% to +3.8% 0.0%
Day +7 7 +0.2% -3.3% to +4.7% 57% -12.9% to +6.3% 0.0%
Day +8 7 +0.4% -3.8% to +4.1% 57% -16.6% to +6.4% 0.0%
Day +9 7 +1.4% -3.7% to +5.5% 57% -16.3% to +8.2% 0.0%
Day +10 7 +2.7% -4.2% to +3.3% 57% -21.3% to +4.2% 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

ARKG trailing historical statistics
Sessions closed above gamma max 3%
Gamma max crosses 8
Delta neutral crosses 16
Prior-year sessions closer to gamma max 25.8% of 252
Prior-year sessions closer to delta neutral 73.8% of 252
Open interest percentile (1y) 58th
Daily open interest change versus prior year -0.34σ (-6,637 contracts; 252 prior changes)
Open interest change, 5 sessions +3.5%
Open interest change, 21 sessions +25.0%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed below gamma max at 51.64 vs 53.80 (-4.2%)
  2. closed above gamma max at 51.59 vs 50.97 (+1.2%)
  3. closed below gamma max at 47.64 vs 49.58 (-4.1%)
  4. closed above gamma max at 50.06 vs 48.42 (+3.3%)
  5. closed below gamma max at 48.01 vs 48.13 (-0.2%)
  6. closed above gamma max at 47.64 vs 47.03 (+1.3%)
  7. closed above delta neutral at 40.70 vs 40.17 (+1.3%)
  8. closed below delta neutral at 38.28 vs 39.58 (-3.4%)
  9. closed above delta neutral at 39.87 vs 39.75 (+0.3%)
  10. closed below delta neutral at 40.09 vs 40.17 (-0.2%)

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Neighbours by open interest

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

Questions people ask about ARKG

Where is ARKG's gamma max today?

As of Oct 2, 2026, the gamma max for ARKG is 59.54, +10.3% from the 54.00 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 ARKG above or below its delta neutral price?

ARKG closed above delta neutral: 54.00 against a delta neutral price of 49.59. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ARKG have?

232,263 contracts of open interest across 495 listed contracts on Oct 2, 2026, -2.8% 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.