Data through close

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

As of close · rank #1370 by open interest · snapshot page

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CAKE's nearest-expiration max pain is 105.00 for 2026-10-16, its GEX flip is 109.01, net GEX is 77,479, its put/call open-interest ratio is 0.99. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
109.65
prev 107.95
Gamma max
121.85
+11.1% from close
Delta neutral
107.60
-1.9% from close
Gamma neutral
109.01
-0.6% from close
Open interest
26,476
+0.4% vs prev
Contracts listed
283
204 calls · 171 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
105.00
-4.2% from close
2026-10-16
GEX flip
109.01
-0.6% from close
Net GEX
77,479
292,639 per 100k OI
Call wall
120.00
+9.4% from close
Put wall
105.00
-4.2% from close
Put/call OI
0.99
13,191 puts / 13,285 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
1.9
within trailing 52-week range
Front / back ATM IV
+43.6% / +48.3%
-4.7 pp front premium
Expected move
+8.5%
14 DTE · one standard deviation
ATM straddle / spot
+6.3%
front-window midpoint premium
25Δ risk reversal
7.6 pp
put IV minus call IV
IV butterfly
2.3 pp
front-window smile convexity
Volume / open interest
0.02
416 contracts traded
Normalized net delta
0.107
option-holder convention
Modeled dealer delta
-0.097
opposite-side scenario
Vanna / 100k OI
1,533
volatility-sensitive delta
Charm / 100k OI
311,546
time-decay-sensitive delta
IV surface range
131.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

CAKE closed 11.1% below its gamma max of 121.85. It is 1.9% above the delta neutral price of 107.60. Total open interest is 26,476, +0.4% 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

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Neighbours by open interest

← JMKE (#1369) HRTX (#1371) →

Questions people ask about CAKE

Where is CAKE's gamma max today?

As of Oct 2, 2026, the gamma max for CAKE is 121.85, +11.1% from the 109.65 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 CAKE above or below its delta neutral price?

CAKE closed above delta neutral: 109.65 against a delta neutral price of 107.60. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does CAKE have?

26,476 contracts of open interest across 283 listed contracts on Oct 2, 2026, +0.4% 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.