Data through close

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

As of close · rank #937 by open interest · snapshot page

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BXMT's nearest-expiration max pain is 14.00 for 2026-10-16, its GEX flip is 15.91, net GEX is -1,933,228, its put/call open-interest ratio is 2.36. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
10.90
prev 11.30
Gamma max
20.49
+88.0% from close
Delta neutral
14.50
+33.0% from close
Gamma neutral
15.91
+45.9% from close
Open interest
55,391
-0.2% vs prev
Contracts listed
86
47 calls · 47 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
14.00
+28.4% from close
2026-10-16
GEX flip
15.91
+45.9% from close
Net GEX
-1,933,228
-3,490,148 per 100k OI
Call wall
22.00
+101.8% from close
Put wall
8.00
-26.6% from close
Put/call OI
2.36
38,894 puts / 16,497 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
74.0
within trailing 52-week range
Front / back ATM IV
+34.7% / +33.6%
1.1 pp front premium
Expected move
+6.8%
14 DTE · one standard deviation
ATM straddle / spot
+19.0%
front-window midpoint premium
25Δ risk reversal
-239.4 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.03
1,811 contracts traded
Normalized net delta
-0.199
option-holder convention
Modeled dealer delta
0.199
opposite-side scenario
Vanna / 100k OI
3,067
volatility-sensitive delta
Charm / 100k OI
-137,649
time-decay-sensitive delta
IV surface range
153.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

BXMT closed 88.0% below its gamma max of 20.49. It is 33.0% below the delta neutral price of 14.50. Total open interest is 55,391, -0.2% 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

← GEHC (#936) LIN (#938) →

Questions people ask about BXMT

Where is BXMT's gamma max today?

As of Oct 2, 2026, the gamma max for BXMT is 20.49, +88.0% from the 10.90 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 BXMT above or below its delta neutral price?

BXMT closed below delta neutral: 10.90 against a delta neutral price of 14.50. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does BXMT have?

55,391 contracts of open interest across 86 listed contracts on Oct 2, 2026, -0.2% 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.