Data through close

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

As of close · rank #432 by open interest · 1,393 sessions of history since Dec 1, 2020

BEKE's nearest-expiration max pain is 17.00 for 2026-10-09, its GEX flip is 12.15, net GEX is 10,209,555, its put/call open-interest ratio is 0.42. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
16.43
prev 16.64
Gamma max
17.78
+8.2% from close
Delta neutral
15.14
-7.9% from close
Gamma neutral
12.15
-26.0% from close
Open interest
183,783
-1.2% vs prev
Contracts listed
150
107 calls · 68 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
17.00
+3.5% from close
2026-10-09
GEX flip
12.15
-26.0% from close
Net GEX
10,209,555
5,555,223 per 100k OI
Call wall
20.00
+21.7% from close
Put wall
15.00
-8.7% from close
Put/call OI
0.42
53,982 puts / 129,801 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
52.8
cross-sectional score / 100
Directional score
32.1
relatively bullish positioning
IV rank
18.3
within trailing 52-week range
Front / back ATM IV
+46.8% / +44.1%
2.7 pp front premium
Expected move
+6.5%
7 DTE · one standard deviation
ATM straddle / spot
+5.9%
front-window midpoint premium
25Δ risk reversal
-128.2 pp
put IV minus call IV
IV butterfly
0.5 pp
front-window smile convexity
Volume / open interest
0.01
1,665 contracts traded
Normalized net delta
0.093
option-holder convention
Modeled dealer delta
-0.093
opposite-side scenario
Vanna / 100k OI
7,614
volatility-sensitive delta
Charm / 100k OI
-396,680
time-decay-sensitive delta
IV surface range
196.8 pp
published contour maximum minus minimum

Strongest relative signals: 25Δ risk reversal -128.2 pp · front IV premium 2.7 pp

Download the complete dated analysis JSON .

BEKE closed 8.2% below its gamma max of 17.78. It is 7.9% above the delta neutral price of 15.14. Total open interest is 183,783, -1.2% versus the previous session. Its options catalyst-intensity score is 52.8 out of 100, led by 25Δ risk reversal -128.2 pp, front IV premium 2.7 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.

BEKE call and put open interest changes
Measure Value
Call OI change, 1 session -1,918 contracts · -1.5%
Put OI change, 1 session -397 contracts · -0.7%
Call minus put OI growth, 1 session -0.7 pp
Call OI change, 5 sessions +31,861 contracts · +32.5%
Put OI change, 5 sessions +30,003 contracts · +125.1%
Call minus put OI growth, 5 sessions -92.6 pp
Daily call OI change surprise -0.11σ (252 prior changes)
Daily put OI change surprise -0.04σ (252 prior changes)
Daily call-minus-put growth surprise -0.04σ (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 11 completed Day +10 paths · latest May 12, 2026
BEKE 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. -20.0% -10.0% 0% +10.0% +20.0% Cross on Sep 13, 2022 Cross on May 7, 2024 Cross on May 15, 2024 Cross on Sep 25, 2024 Cross on Oct 8, 2024 Cross on Oct 22, 2024 Cross on Nov 13, 2024 Cross on Dec 10, 2024 Cross on Mar 11, 2025 Cross on Apr 24, 2025 Cross on May 12, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
BEKE historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 11 -0.9% -3.0% to +3.5% 45% -3.1% to +5.4% 0.0%
Day +2 11 -1.2% -2.7% to +2.3% 45% -3.1% to +2.7% 0.0%
Day +3 11 -0.3% -3.4% to +2.4% 45% -4.5% to +2.9% 0.0%
Day +4 11 +0.7% -5.8% to +5.9% 64% -7.3% to +6.0% 0.0%
Day +5 11 +0.4% -6.2% to +3.8% 55% -6.5% to +6.3% 0.0%
Day +6 11 -2.5% -5.8% to +3.2% 27% -5.8% to +6.4% 0.0%
Day +7 11 -6.7% -9.6% to +1.2% 27% -10.2% to +5.2% 0.0%
Day +8 11 -7.9% -10.6% to +0.4% 27% -11.5% to +6.0% 0.0%
Day +9 11 -9.5% -11.6% to -7.0% 18% -11.9% to -6.3% -6.3%
Day +10 11 -9.1% -12.3% to -5.6% 18% -12.5% to -4.9% -4.9%
Crosses above gamma max 10 completed Day +10 paths · latest Apr 21, 2025
BEKE 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. -20.0% -10.0% 0% +10.0% +20.0% Cross on Sep 12, 2022 Cross on Sep 14, 2022 Cross on Nov 17, 2022 Cross on May 2, 2024 Cross on May 10, 2024 Cross on May 16, 2024 Cross on Oct 25, 2024 Cross on Dec 9, 2024 Cross on Feb 12, 2025 Cross on Apr 21, 2025 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
BEKE historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 10 +1.4% -1.5% to +3.7% 60% -3.2% to +3.8% 0.0%
Day +2 10 -0.2% -3.4% to +3.5% 40% -5.3% to +6.6% 0.0%
Day +3 10 -0.7% -4.4% to +4.9% 40% -9.5% to +6.7% 0.0%
Day +4 10 -2.3% -4.3% to +3.9% 30% -7.6% to +9.8% 0.0%
Day +5 10 -1.3% -7.8% to +4.9% 40% -10.3% to +8.4% 0.0%
Day +6 10 -3.4% -9.2% to +1.8% 40% -14.2% to +6.4% 0.0%
Day +7 10 -5.1% -11.4% to +2.9% 30% -13.9% to +5.3% 0.0%
Day +8 10 -2.4% -12.2% to +5.8% 50% -13.2% to +8.2% 0.0%
Day +9 10 -1.2% -12.2% to +7.7% 50% -14.6% to +11.5% 0.0%
Day +10 10 -3.2% -11.7% to +10.4% 50% -15.1% to +13.3% 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

BEKE trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 8
Delta neutral crosses 26
Prior-year sessions closer to gamma max 17.9% of 252
Prior-year sessions closer to delta neutral 63.1% of 252
Open interest percentile (1y) 54th
Daily open interest change versus prior year -0.09σ (-2,315 contracts; 252 prior changes)
Open interest change, 5 sessions +50.7%
Open interest change, 21 sessions +35.2%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed above delta neutral at 16.39 vs 15.86 (+3.2%)
  2. closed below delta neutral at 15.89 vs 15.91 (-0.1%)
  3. closed above delta neutral at 14.86 vs 14.20 (+4.4%)
  4. closed below delta neutral at 15.09 vs 15.48 (-2.6%)
  5. closed above delta neutral at 15.05 vs 14.16 (+5.9%)
  6. closed below delta neutral at 14.53 vs 14.71 (-1.3%)
  7. closed above delta neutral at 14.55 vs 11.18 (+23.2%)
  8. closed below delta neutral at 14.26 vs 15.42 (-8.1%)
  9. closed above delta neutral at 14.30 vs 10.71 (+25.1%)
  10. closed below delta neutral at 14.80 vs 15.58 (-5.3%)

In today's screens

Neighbours by open interest

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Questions people ask about BEKE

Where is BEKE's gamma max today?

As of Oct 2, 2026, the gamma max for BEKE is 17.78, +8.2% from the 16.43 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 BEKE above or below its delta neutral price?

BEKE closed above delta neutral: 16.43 against a delta neutral price of 15.14. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does BEKE have?

183,783 contracts of open interest across 150 listed contracts on Oct 2, 2026, -1.2% 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.