Data through close

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

As of close

BX max pain · nearest expiration

120.00 for

0.1% below the 120.18 close

All-expiration max pain 130.00

Net GEX -18.37M (negative 56 sessions) GEX flip 136.50 (13.6% above) Put/call OI 1.77

BX close vs max pain · last 60 sessions
120.18 120.00 MP net GEX Aug 21 Nov 13 120.18 120.00 MP net GEX Aug 21 Nov 13

Over the last 60 sessions to Nov 13, 2026, BX closed between 106.21 and 143.62; nearest-expiration max pain ranged from 110.00 to 141.00. Latest max pain 120.00 for the Fri, Nov 20, 2026 expiration. 3 of 13 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.

Over the past 252 sessions, BX's expiration-day close was nearer the prior session's max pain than the prior close on 13 of 53 expirations (25%). Expiration record

BX's nearest-expiration max pain is 120.00 for the Fri, Nov 20, 2026 expiration, 0.1% below the 120.18 close; all-expiration max pain is 130.00; the GEX flip is 136.50; net GEX is -18.37M (modeled dollar-delta change per $1 move); the put/call open-interest ratio is 1.77. These are whole-chain derived aggregates as of Nov 13, 2026 close.

BX 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
120.00
-0.1% from close
Expiry: Fri, Nov 20, 2026
All-expiration max pain: 130.00
GEX flip (gamma neutral)
136.50
+13.6% from close
Net GEX
-18,371,917
-3,675,677 per 100k OI
Call wall
125.00
+4.0% from close
Put wall
130.00
+8.2% from close
Put/call OI
1.77
319,669 puts / 180,155 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.

Does BX close at max pain? Expiration record

Over the past 252 sessions, BX's expiration-day close was nearer the prior session's max pain than the prior close on 13 of 53 expirations (25%). The median distance from the expiration close was 3.74% for max pain and 1.41% for an unchanged prior close; 8 of 53 closes finished within 1% of max pain.

BX recent expirations versus prior-session max pain
Expiration Max pain (session before) Prior close Expiration close Close vs max pain Nearer
120.00 118.55 120.18 +0.15% Max pain
120.00 119.86 119.50 -0.41% Prior close
117.00 120.58 118.52 +1.26% Max pain
110.00 118.75 117.96 +6.70% Prior close
123.00 109.26 106.63 -14.98% Prior close
113.00 112.70 114.29 +1.14% Max pain
120.00 112.25 111.74 -7.36% Prior close
127.00 117.21 118.42 -7.32% Prior close
134.00 125.41 124.96 -7.21% Prior close
137.00 125.41 128.51 -6.77% Prior close

Each expiration compares the last session before it, when it was the nearest expiration, with the close of the expiration session. Distances are percentages of that prior close. Underlying closes are not official option settlement values. The archive was reconstructed in September 2026, so it does not show what was published at the time. This is descriptive history, not a forecast. The site-wide 2025 max-pain study uses the same comparison on Thursday snapshots.

Close
120.18
prev 118.55
Gamma max
162.86
+35.5% from close
Delta neutral
128.95
+7.3% from close
Gamma neutral (GEX flip)
136.50
+13.6% from close
Open interest
499,824
-2.4% vs prev
Contracts listed
842
481 calls · 436 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
44.5
cross-sectional score / 100
Directional score
-35.5
relatively bearish positioning
IV rank
31.3
within trailing 52-week range
Front IV premium
4.0 pp
front minus back volatility difference
25Δ risk reversal
7.3 pp
put IV minus call IV
IV butterfly
-6.8 pp
front-window smile convexity
Volume / open interest
0.02
11,914 contracts traded
Normalized net delta
-0.067
option-holder convention
Modeled dealer delta
0.067
opposite-side scenario
Vanna / 100k OI
4,245
volatility-sensitive delta
Charm / 100k OI
213,011
time-decay-sensitive delta
IV surface range
195.8 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

BX closed 35.5% below its gamma max of 162.86. It is 7.3% below the delta neutral price of 128.95. Total open interest is 499,824, -2.4% versus the previous session. Its options catalyst-intensity score is 44.5 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.

BX call and put open interest changes
Measure Value
Call OI change, 1 session -6,694 contracts · -3.6%
Put OI change, 1 session -5,627 contracts · -1.7%
Call minus put OI growth, 1 session -1.9 pp
Call OI change, 5 sessions +726 contracts · +0.4%
Put OI change, 5 sessions -2,764 contracts · -0.9%
Call minus put OI growth, 5 sessions +1.3 pp
Daily call OI change surprise -0.82σ (252 prior changes)
Daily put OI change surprise -0.59σ (252 prior changes)
Daily call-minus-put growth surprise -0.65σ (252 prior changes)

History

2025-11 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 27 completed Day +10 paths · latest Aug 14, 2025
BX 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. -12.0% -6.0% 0% +6.0% +12.0% Cross on Dec 4, 2020 Cross on Dec 14, 2020 Cross on Dec 18, 2020 Cross on Dec 24, 2020 Cross on Jan 22, 2021 Cross on Mar 18, 2021 Cross on Apr 9, 2021 Cross on Apr 16, 2021 Cross on Apr 26, 2021 Cross on May 28, 2021 Cross on Jun 8, 2021 Cross on Jun 18, 2021 Cross on Jul 28, 2021 Cross on Aug 27, 2021 Cross on Oct 27, 2021 Cross on Mar 30, 2022 Cross on May 27, 2022 Cross on Jul 20, 2023 Cross on Sep 1, 2023 Cross on Sep 12, 2023 Cross on Dec 18, 2023 Cross on Sep 20, 2024 Cross on Oct 18, 2024 Cross on Nov 12, 2024 Cross on Nov 26, 2024 Cross on Jul 11, 2025 Cross on Aug 14, 2025 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
BX historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 27 -0.1% -0.5% to +1.3% 48% -0.4% to +0.6% 0.0%
Day +2 27 +0.3% -0.8% to +1.0% 59% -0.5% to +0.7% 0.0%
Day +3 27 +0.7% -0.1% to +2.5% 74% +0.2% to +1.4% +0.2%
Day +4 27 +1.3% -0.7% to +3.3% 70% +0.3% to +3.1% +0.3%
Day +5 27 +2.1% -2.3% to +3.2% 67% -0.1% to +2.9% 0.0%
Day +6 27 +1.8% -1.2% to +3.0% 67% -0.1% to +2.9% 0.0%
Day +7 27 +1.7% -2.0% to +4.5% 63% -1.3% to +3.4% 0.0%
Day +8 27 +1.4% -1.3% to +4.3% 63% -0.5% to +4.1% 0.0%
Day +9 27 +2.1% -2.2% to +6.1% 59% -1.7% to +3.9% 0.0%
Day +10 27 +1.7% -2.8% to +4.1% 63% -2.4% to +4.0% 0.0%
Crosses above gamma max 26 completed Day +10 paths · latest Aug 13, 2025
BX 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. -12.0% -6.0% 0% +6.0% +12.0% Cross on Dec 3, 2020 Cross on Dec 11, 2020 Cross on Dec 15, 2020 Cross on Dec 23, 2020 Cross on Jan 21, 2021 Cross on Mar 11, 2021 Cross on Apr 8, 2021 Cross on Apr 13, 2021 Cross on Apr 23, 2021 Cross on May 24, 2021 Cross on Jun 7, 2021 Cross on Jun 11, 2021 Cross on Jul 21, 2021 Cross on Aug 26, 2021 Cross on Oct 21, 2021 Cross on Mar 29, 2022 Cross on Jul 13, 2023 Cross on Aug 31, 2023 Cross on Sep 8, 2023 Cross on Dec 13, 2023 Cross on Sep 19, 2024 Cross on Oct 17, 2024 Cross on Nov 11, 2024 Cross on Nov 21, 2024 Cross on Jul 9, 2025 Cross on Aug 13, 2025 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
BX historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 26 +0.2% -0.8% to +1.5% 54% -0.3% to +1.1% 0.0%
Day +2 26 +1.0% -0.4% to +1.9% 65% -0.1% to +1.6% 0.0%
Day +3 26 +1.1% -0.8% to +2.7% 62% -0.8% to +2.1% 0.0%
Day +4 26 +1.4% -0.9% to +2.8% 65% -0.5% to +2.3% 0.0%
Day +5 26 +1.3% -0.3% to +4.4% 65% -0.0% to +2.4% 0.0%
Day +6 26 +1.8% -1.0% to +3.8% 69% +1.0% to +3.1% +1.0%
Day +7 26 +2.3% -0.1% to +4.3% 73% +1.0% to +3.8% +1.0%
Day +8 26 +2.5% -0.5% to +6.0% 73% +1.0% to +5.3% +1.0%
Day +9 26 +2.8% -1.3% to +6.4% 69% +1.1% to +6.0% +1.1%
Day +10 26 +3.5% -1.3% to +7.8% 65% -0.7% to +6.4% 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

BX trailing historical statistics
Sessions closed above gamma max 0%
Gamma max crosses 0
Delta neutral crosses 18
Prior-year sessions closer to gamma max 67.1% of 252
Prior-year sessions closer to delta neutral 49.2% of 252
Open interest percentile (1y) 91th
Daily open interest change versus prior year -0.71σ (-12,321 contracts; 252 prior changes)
Open interest change, 5 sessions -0.4%
Open interest change, 21 sessions -3.0%
History available Dec 1, 2020 → Nov 13, 2026

Recent crosses

  1. closed below delta neutral at 143.60 vs 143.63 (-0.0%)
  2. closed above delta neutral at 134.67 vs 132.12 (+1.9%)
  3. closed below delta neutral at 129.40 vs 132.15 (-2.1%)
  4. closed above delta neutral at 132.57 vs 132.45 (+0.1%)
  5. closed below delta neutral at 129.08 vs 131.46 (-1.8%)
  6. closed above delta neutral at 130.19 vs 128.01 (+1.7%)
  7. closed below delta neutral at 153.91 vs 158.64 (-3.1%)
  8. closed above delta neutral at 158.71 vs 156.58 (+1.3%)
  9. closed below delta neutral at 155.25 vs 155.30 (-0.0%)
  10. closed above delta neutral at 157.62 vs 155.77 (+1.2%)

In today's screens

Neighbours by open interest

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Questions people ask about BX

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

As of Nov 13, 2026 close, nearest-expiration max pain is 120.00 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.

Is BX max pain a reliable closing-price forecast?

Over the past 252 sessions, BX's expiration-day close was nearer the prior session's max pain than the prior close on 13 of 53 expirations (25%). The median distance from the expiration close was 3.74% for max pain and 1.41% for an unchanged prior close. Past expirations do not predict the next one. See the expiration record.

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

Signed net GEX is -18,371,917 as of Nov 13, 2026 close. The confirmed GEX flip is 136.50. Net GEX has been negative for the last 56 sessions and negative on 208 of the past 252. 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 BX's gamma max today?

As of Nov 13, 2026, the gamma max for BX is 162.86, +35.5% from the 120.18 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 BX above or below its delta neutral price?

BX closed below delta neutral: 120.18 against a delta neutral price of 128.95. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does BX have?

499,824 contracts of open interest across 842 listed contracts on Nov 13, 2026, -2.4% 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.