AXP max pain, gamma exposure (GEX) & options open interest
As of close · rank #371 by open interest · 1,393 sessions of history since Dec 1, 2020
AXP's nearest-expiration max pain is 307.50 for 2026-10-09, its GEX flip is 314.20, net GEX is -6,333,532, its put/call open-interest ratio is 0.64. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
Strongest relative signals: IV rank 100 · volume/OI 0.08
AXP closed 29.4% below its gamma max of 391.77. It is 3.6% below the delta neutral price of 313.68. Total open interest is 228,485, -3.8% versus the previous session. Its options catalyst-intensity score is 51.7 out of 100, led by IV rank 100, volume/OI 0.08. 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.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -6,015 contracts · -4.1% |
| Put OI change, 1 session | -2,917 contracts · -3.2% |
| Call minus put OI growth, 1 session | -1.0 pp |
| Call OI change, 5 sessions | -450 contracts · -0.3% |
| Put OI change, 5 sessions | +2,638 contracts · +3.1% |
| Call minus put OI growth, 5 sessions | -3.4 pp |
| Daily call OI change surprise | -0.83σ (252 prior changes) |
| Daily put OI change surprise | -0.45σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.21σ (252 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
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 13 completed Day +10 paths · latest Dec 12, 2025
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 13 | -0.3% | -1.3% to +0.3% | 38% | -1.3% to +0.3% | 0.0% |
| Day +2 | 13 | -0.5% | -2.3% to +0.6% | 31% | -2.3% to +0.6% | 0.0% |
| Day +3 | 13 | -1.8% | -3.3% to +0.3% | 38% | -3.3% to +0.3% | 0.0% |
| Day +4 | 13 | -0.0% | -1.8% to +2.4% | 46% | -1.8% to +2.4% | 0.0% |
| Day +5 | 13 | -1.6% | -3.0% to +2.2% | 46% | -3.0% to +2.2% | 0.0% |
| Day +6 | 13 | -0.8% | -2.2% to +2.4% | 38% | -2.2% to +2.4% | 0.0% |
| Day +7 | 13 | -0.8% | -2.1% to +3.6% | 31% | -2.1% to +3.6% | 0.0% |
| Day +8 | 13 | +0.1% | -3.8% to +3.9% | 54% | -3.8% to +3.9% | 0.0% |
| Day +9 | 13 | +0.3% | -3.1% to +3.8% | 54% | -3.1% to +3.8% | 0.0% |
| Day +10 | 13 | +1.2% | -1.5% to +4.3% | 54% | -1.5% to +4.3% | 0.0% |
Crosses above gamma max 13 completed Day +10 paths · latest Dec 11, 2025
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 13 | +0.2% | -0.6% to +0.9% | 54% | -0.6% to +0.9% | 0.0% |
| Day +2 | 13 | +0.4% | -1.4% to +1.5% | 54% | -1.4% to +1.5% | 0.0% |
| Day +3 | 13 | -0.3% | -1.1% to +0.2% | 31% | -1.1% to +0.2% | 0.0% |
| Day +4 | 13 | -0.5% | -2.3% to +0.5% | 38% | -2.3% to +0.5% | 0.0% |
| Day +5 | 13 | +0.1% | -1.3% to +2.1% | 54% | -1.3% to +2.1% | 0.0% |
| Day +6 | 13 | -0.9% | -2.2% to +2.2% | 46% | -2.2% to +2.2% | 0.0% |
| Day +7 | 13 | -1.0% | -1.4% to +2.1% | 38% | -1.4% to +2.1% | 0.0% |
| Day +8 | 13 | -0.8% | -3.3% to +3.8% | 38% | -3.3% to +3.8% | 0.0% |
| Day +9 | 13 | -0.5% | -3.3% to +3.7% | 46% | -3.3% to +3.7% | 0.0% |
| Day +10 | 13 | -1.0% | -2.5% to +4.7% | 46% | -2.5% to +4.7% | 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
| Sessions closed above gamma max | 0% |
| Gamma max crosses | 2 |
| Delta neutral crosses | 11 |
| Prior-year sessions closer to gamma max | 95.6% of 252 |
| Prior-year sessions closer to delta neutral | 38.1% of 252 |
| Open interest percentile (1y) | 25th |
| Daily open interest change versus prior year | -0.67σ (-8,932 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +1.0% |
| Open interest change, 21 sessions | -9.5% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 312.43 vs 320.20 (-2.5%)
- closed above delta neutral at 324.69 vs 321.80 (+0.9%)
- closed below delta neutral at 321.80 vs 323.49 (-0.5%)
- closed above delta neutral at 329.98 vs 325.89 (+1.2%)
- closed below delta neutral at 324.19 vs 325.84 (-0.5%)
- closed above delta neutral at 312.56 vs 307.23 (+1.7%)
- closed below delta neutral at 300.57 vs 306.01 (-1.8%)
- closed above delta neutral at 305.73 vs 303.16 (+0.8%)
- closed below delta neutral at 308.90 vs 320.55 (-3.8%)
- closed above delta neutral at 327.10 vs 324.56 (+0.8%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/AXP
Questions people ask about AXP
Where is AXP's gamma max today?
As of Oct 2, 2026, the gamma max for AXP is 391.77, +29.4% from the 302.78 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 AXP above or below its delta neutral price?
AXP closed below delta neutral: 302.78 against a delta neutral price of 313.68. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does AXP have?
228,485 contracts of open interest across 1,008 listed contracts on Oct 2, 2026, -3.8% 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.