Data through close

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

As of close · rank #1342 by open interest · snapshot page

ARR's nearest-expiration max pain is 13.00 for 2026-11-20, its GEX flip is 12.11, net GEX is 576,209, its put/call open-interest ratio is 0.64. These are whole-chain derived aggregates as of Oct 23, 2026 close.

ARR max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
13.00
+0.9% from close
Expiry: 2026-11-20
GEX flip
12.11
-6.0% from close
Net GEX
576,209
2,160,191 per 100k OI
Call wall
13.00
+0.9% from close
Put wall
13.00
+0.9% from close
Put/call OI
0.64
10,411 puts / 16,263 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
12.88
prev 12.69
Gamma max
13.91
+8.0% from close
Delta neutral
13.31
+3.3% from close
Gamma neutral
12.11
-6.0% from close
Open interest
26,674
+2.5% vs prev
Contracts listed
93
50 calls · 59 puts

Advanced options analysis

Public aggregate 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
2.5
within trailing 52-week range
Front IV premium
-0.5 pp
front minus back volatility difference
25Δ risk reversal
-127.1 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
231 contracts traded
Normalized net delta
-0.022
option-holder convention
Modeled dealer delta
0.021
opposite-side scenario
Vanna / 100k OI
5,162
volatility-sensitive delta
Charm / 100k OI
-25,403
time-decay-sensitive delta
IV surface range
147.3 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

ARR closed 8.0% below its gamma max of 13.91. It is 3.3% below the delta neutral price of 13.31. Total open interest is 26,674, +2.5% 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

Daily ticker aggregates through 2026-10-23. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

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In today's screens

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Neighbours by open interest

Questions people ask about ARR

What is ARR's max pain for the nearest expiration?

As of Oct 23, 2026 close, nearest-expiration max pain is 13.00 for the 2026-11-20 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do ARR's gamma exposure and gamma flip show?

Signed net GEX is 576,209 as of Oct 23, 2026 close. The confirmed GEX flip is 12.11. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is ARR's gamma max today?

As of Oct 23, 2026, the gamma max for ARR is 13.91, +8.0% from the 12.88 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 ARR above or below its delta neutral price?

ARR closed below delta neutral: 12.88 against a delta neutral price of 13.31. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ARR have?

26,674 contracts of open interest across 93 listed contracts on Oct 23, 2026, +2.5% 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.