Data through close

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

As of close

BNY max pain · nearest expiration

145.00 for

5.5% below the 153.39 close

All-expiration max pain 145.00

Net GEX -5.34M (negative 41 sessions) GEX flip 177.05 (15.4% above) Put/call OI 1.85

BNY close vs max pain · last 60 sessions
153.39 145.00 MP net GEX Aug 21 Nov 13 153.39 145.00 MP net GEX Aug 21 Nov 13

Over the last 60 sessions to Nov 13, 2026, BNY closed between 137.67 and 164.84; nearest-expiration max pain ranged from 140.00 to 160.00. Latest max pain 145.00 for the Fri, Nov 20, 2026 expiration. 0 of 3 expirations in view closed nearer the prior-session max pain than the prior close.

  • Close
  • Max pain (nearest expiration)
  • All-expiration max pain
  • Expiry close nearer max pain
  • nearer prior close

Markers sit on expiration sessions and compare that close with the prior session's max pain and close. Bars show net GEX, calls positive and puts negative. Descriptive history, not a forecast.

BNY's nearest-expiration max pain is 145.00 for the Fri, Nov 20, 2026 expiration, 5.5% below the 153.39 close; all-expiration max pain is 145.00; the GEX flip is 177.05; net GEX is -5.34M (modeled dollar-delta change per $1 move); the put/call open-interest ratio is 1.85. These are whole-chain derived aggregates as of Nov 13, 2026 close.

BNY 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
145.00
-5.5% from close
Expiry: Fri, Nov 20, 2026
All-expiration max pain: 145.00
GEX flip (gamma neutral)
177.05
+15.4% from close
Net GEX
-5,335,601
-4,055,579 per 100k OI
Call wall
155.00
+1.0% from close
Put wall
150.00
-2.2% from close
Put/call OI
1.85
85,478 puts / 46,084 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
153.39
prev 152.79
Gamma max
193.22
+26.0% from close
Delta neutral
153.29
-0.1% from close
Gamma neutral (GEX flip)
177.05
+15.4% from close
Open interest
131,562
+0.1% vs prev
Contracts listed
278
192 calls · 158 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
40.2
cross-sectional score / 100
Directional score
-27.4
relatively bearish positioning
IV rank
11.4
within trailing 52-week range
Front IV premium
9.7 pp
front minus back volatility difference
25Δ risk reversal
3.6 pp
put IV minus call IV
IV butterfly
-0.5 pp
front-window smile convexity
Volume / open interest
0.02
3,057 contracts traded
Normalized net delta
0.009
option-holder convention
Modeled dealer delta
-0.008
opposite-side scenario
Vanna / 100k OI
3,002
volatility-sensitive delta
Charm / 100k OI
-1,197,501
time-decay-sensitive delta
IV surface range
152.8 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

BNY closed 26.0% below its gamma max of 193.22. It is 0.1% above the delta neutral price of 153.29. Total open interest is 131,562, +0.1% versus the previous session. Its options catalyst-intensity score is 40.2 out of 100. 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.

BNY call and put open interest changes
Measure Value
Call OI change, 1 session +111 contracts · +0.2%
Put OI change, 1 session +86 contracts · +0.1%
Call minus put OI growth, 1 session +0.1 pp
Call OI change, 5 sessions +163 contracts · +0.4%
Put OI change, 5 sessions +269 contracts · +0.3%
Call minus put OI growth, 5 sessions +0.0 pp
Daily call OI change surprise — (103 prior changes)
Daily put OI change surprise — (103 prior changes)
Daily call-minus-put growth surprise — (103 prior changes)

History

2026-06 2026-11
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Daily ticker aggregates through 2026-11-13. This analysis view omits individual contract fields.

To see all-expiration max pain over time, open the History chart and select “All-expiration max pain” under More series.

Aggregate IV history

Chart loads when this section is in view.

Swipe chart sideways to see the full range.

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 3 completed Day +10 paths · latest Sep 15, 2026
BNY 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. -6.0% -3.0% 0% +3.0% +6.0% Cross on Aug 18, 2026 Cross on Aug 21, 2026 Cross on Sep 15, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
BNY historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 3 -0.8% -1.7% to +0.8% 33% – –
Day +2 3 -1.1% -2.6% to +1.1% 33% – –
Day +3 3 -0.6% -1.9% to +1.2% 33% – –
Day +4 3 -0.5% -0.8% to +0.9% 33% – –
Day +5 3 -0.2% -1.5% to +1.2% 33% – –
Day +6 3 -0.5% -1.9% to +0.6% 33% – –
Day +7 3 -1.0% -2.0% to +0.1% 33% – –
Day +8 3 -0.9% -1.9% to +0.7% 33% – –
Day +9 3 -1.6% -2.8% to +1.0% 33% – –
Day +10 3 -2.1% -3.5% to +1.0% 33% – –
Crosses above gamma max 3 completed Day +10 paths · latest Aug 24, 2026
BNY 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. -6.0% -3.0% 0% +3.0% +6.0% Cross on Aug 17, 2026 Cross on Aug 20, 2026 Cross on Aug 24, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
BNY historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 3 +0.8% +0.3% to +0.9% 67% – –
Day +2 3 +0.6% -1.1% to +1.8% 67% – –
Day +3 3 +0.1% -2.1% to +2.1% 67% – –
Day +4 3 +0.2% -1.6% to +2.0% 67% – –
Day +5 3 -0.5% -0.9% to +1.3% 33% – –
Day +6 3 -0.4% -0.7% to +1.5% 33% – –
Day +7 3 -0.1% -0.4% to +1.3% 33% – –
Day +8 3 +1.4% +0.1% to +1.7% 67% – –
Day +9 3 +1.7% +0.3% to +2.4% 67% – –
Day +10 3 +0.4% -0.7% to +2.5% 67% – –

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 105 sessions

BNY trailing historical statistics
Sessions closed above gamma max 16%
Gamma max crosses 6
Delta neutral crosses 2
Prior-year sessions closer to gamma max 62.5% of 104
Prior-year sessions closer to delta neutral 0.0% of 104
Open interest percentile (1y) 65th
Daily open interest change versus prior year – (197 contracts; 103 prior changes)
Open interest change, 5 sessions +0.3%
Open interest change, 21 sessions -3.2%
History available Jun 17, 2026 → Nov 13, 2026

Recent crosses

  1. closed above delta neutral at 153.39 vs 153.29 (+0.1%)
  2. closed below delta neutral at 154.67 vs 155.30 (-0.4%)
  3. closed below gamma max at 154.67 vs 155.41 (-0.5%)
  4. closed above gamma max at 162.14 vs 160.24 (+1.2%)
  5. closed below gamma max at 158.49 vs 158.63 (-0.1%)
  6. closed above gamma max at 157.24 vs 156.60 (+0.4%)
  7. closed below gamma max at 163.93 vs 164.51 (-0.4%)
  8. closed above gamma max at 164.27 vs 160.52 (+2.3%)

In today's screens

Neighbours by open interest

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Questions people ask about BNY

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

As of Nov 13, 2026 close, nearest-expiration max pain is 145.00 for the Fri, Nov 20, 2026 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 BNY's gamma exposure and gamma flip show?

Signed net GEX is -5,335,601 as of Nov 13, 2026 close. The confirmed GEX flip is 177.05. Net GEX has been negative for the last 41 sessions and negative on 51 of the past 105. 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 BNY's gamma max today?

As of Nov 13, 2026, the gamma max for BNY is 193.22, +26.0% from the 153.39 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 BNY above or below its delta neutral price?

BNY closed above delta neutral: 153.39 against a delta neutral price of 153.29. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does BNY have?

131,562 contracts of open interest across 278 listed contracts on Nov 13, 2026, +0.1% 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.