Data through close

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

As of close · rank #4083 by open interest · snapshot page

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ARMW's nearest-expiration max pain is 45.00 for 2026-10-16, net GEX is 13,205, its put/call open-interest ratio is 1.28. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
48.59
prev 45.70
Gamma max
46.47
-4.4% from close
Delta neutral
50.01
+2.9% from close
Gamma neutral
48.59
0.0% from close
Open interest
487
-1.0% vs prev
Contracts listed
61
33 calls · 33 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
45.00
-7.4% from close
2026-10-16
GEX flip
–
Net GEX
13,205
2,711,397 per 100k OI
Call wall
45.00
-7.4% from close
Put wall
57.00
+17.3% from close
Put/call OI
1.28
273 puts / 214 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
32.2
within trailing 52-week range
Front / back ATM IV
+73.2% / +79.1%
-5.9 pp front premium
Expected move
+14.3%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.03
14 contracts traded
Normalized net delta
0.038
option-holder convention
Modeled dealer delta
-0.038
opposite-side scenario
Vanna / 100k OI
1,027
volatility-sensitive delta
Charm / 100k OI
-1,960,370
time-decay-sensitive delta
IV surface range
70.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

ARMW closed 4.4% above its gamma max of 46.47. It is 2.9% below the delta neutral price of 50.01. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 487, -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

← VSOL (#4082) HY (#4084) →

Questions people ask about ARMW

Where is ARMW's gamma max today?

As of Oct 2, 2026, the gamma max for ARMW is 46.47, -4.4% from the 48.59 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 ARMW above or below its delta neutral price?

ARMW closed below delta neutral: 48.59 against a delta neutral price of 50.01. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ARMW have?

487 contracts of open interest across 61 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.