Data through close

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

As of close · rank #686 by open interest · snapshot page

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BTI's nearest-expiration max pain is 55.00 for 2026-10-16, its GEX flip is 47.93, net GEX is 2,404,257, its put/call open-interest ratio is 0.61. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
52.64
prev 53.19
Gamma max
61.10
+16.1% from close
Delta neutral
52.22
-0.8% from close
Gamma neutral
47.93
-9.0% from close
Open interest
89,249
-0.1% vs prev
Contracts listed
260
137 calls · 149 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
55.00
+4.5% from close
2026-10-16
GEX flip
47.93
-9.0% from close
Net GEX
2,404,257
2,693,875 per 100k OI
Call wall
55.00
+4.5% from close
Put wall
55.00
+4.5% from close
Put/call OI
0.61
33,843 puts / 55,406 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
29.3
within trailing 52-week range
Front / back ATM IV
+24.6% / +23.4%
1.2 pp front premium
Expected move
+4.8%
14 DTE · one standard deviation
ATM straddle / spot
+5.3%
front-window midpoint premium
25Δ risk reversal
-121.1 pp
put IV minus call IV
IV butterfly
0.5 pp
front-window smile convexity
Volume / open interest
0.02
1,630 contracts traded
Normalized net delta
0.016
option-holder convention
Modeled dealer delta
-0.016
opposite-side scenario
Vanna / 100k OI
3,789
volatility-sensitive delta
Charm / 100k OI
88,697
time-decay-sensitive delta
IV surface range
43.4 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

BTI closed 16.1% below its gamma max of 61.10. It is 0.8% above the delta neutral price of 52.22. Total open interest is 89,249, -0.1% 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

← UNM (#685) LEN (#687) →

Questions people ask about BTI

Where is BTI's gamma max today?

As of Oct 2, 2026, the gamma max for BTI is 61.10, +16.1% from the 52.64 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 BTI above or below its delta neutral price?

BTI closed above delta neutral: 52.64 against a delta neutral price of 52.22. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does BTI have?

89,249 contracts of open interest across 260 listed contracts on Oct 2, 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.