CDE max pain, gamma exposure (GEX) & options open interest
As of close · rank #237 by open interest · 1,394 sessions of history since Dec 1, 2020
CDE's nearest-expiration max pain is 19.00 for 2026-10-09, its GEX flip is 10.24, net GEX is 9,331,019, its put/call open-interest ratio is 0.39. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
Strongest relative signals: IV rank 100
CDE closed 21.2% below its gamma max of 21.40. It is 11.9% above the delta neutral price of 15.56. Total open interest is 427,498, -1.6% versus the previous session. Its options catalyst-intensity score is 42.0 out of 100, led by IV rank 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.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -3,146 contracts · -1.0% |
| Put OI change, 1 session | -3,819 contracts · -3.1% |
| Call minus put OI growth, 1 session | +2.1 pp |
| Call OI change, 5 sessions | +9,350 contracts · +3.1% |
| Put OI change, 5 sessions | +4,640 contracts · +4.1% |
| Call minus put OI growth, 5 sessions | -0.9 pp |
| Daily call OI change surprise | -0.22σ (252 prior changes) |
| Daily put OI change surprise | -0.54σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.65σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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Gamma walls
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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 64 completed Day +10 paths · latest Aug 21, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 64 | +0.1% | -2.7% to +2.0% | 50% | -1.2% to +0.7% | 0.0% |
| Day +2 | 64 | -0.9% | -4.8% to +3.1% | 47% | -3.1% to +1.1% | 0.0% |
| Day +3 | 64 | -2.0% | -5.7% to +2.8% | 38% | -3.8% to 0.0% | 0.0% |
| Day +4 | 64 | -4.2% | -7.5% to +3.6% | 33% | -6.0% to -1.5% | -1.5% |
| Day +5 | 64 | -1.6% | -8.2% to +3.2% | 42% | -5.2% to +0.7% | 0.0% |
| Day +6 | 64 | -2.2% | -8.8% to +4.6% | 39% | -5.5% to +0.3% | 0.0% |
| Day +7 | 64 | -4.5% | -7.6% to +2.8% | 34% | -6.3% to -0.9% | -0.9% |
| Day +8 | 64 | -3.8% | -9.4% to +3.7% | 34% | -7.4% to -0.7% | -0.7% |
| Day +9 | 64 | -4.3% | -10.3% to +3.0% | 38% | -7.7% to -0.2% | -0.2% |
| Day +10 | 64 | -3.9% | -10.6% to +2.7% | 30% | -7.1% to -1.3% | -1.3% |
Crosses above gamma max 64 completed Day +10 paths · latest Aug 19, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 64 | -0.6% | -2.8% to +2.2% | 42% | -1.1% to +0.9% | 0.0% |
| Day +2 | 64 | -1.5% | -5.4% to +2.9% | 44% | -3.0% to +0.6% | 0.0% |
| Day +3 | 64 | -0.6% | -5.0% to +4.6% | 45% | -3.1% to +1.6% | 0.0% |
| Day +4 | 64 | -2.9% | -7.6% to +3.6% | 42% | -5.5% to +1.1% | 0.0% |
| Day +5 | 64 | -1.6% | -9.9% to +4.7% | 47% | -5.8% to +2.2% | 0.0% |
| Day +6 | 64 | -1.4% | -8.2% to +5.2% | 42% | -5.0% to +0.7% | 0.0% |
| Day +7 | 64 | -1.6% | -9.6% to +3.3% | 42% | -3.8% to +0.8% | 0.0% |
| Day +8 | 64 | -1.9% | -11.0% to +4.9% | 42% | -5.3% to +0.4% | 0.0% |
| Day +9 | 64 | -3.2% | -12.0% to +5.3% | 38% | -7.1% to 0.0% | 0.0% |
| Day +10 | 64 | -3.5% | -10.8% to +6.0% | 39% | -6.3% to +0.7% | 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
| Sessions closed above gamma max | 7% |
| Gamma max crosses | 16 |
| Delta neutral crosses | 0 |
| Prior-year sessions closer to gamma max | 81.0% of 252 |
| Prior-year sessions closer to delta neutral | 11.9% of 252 |
| Open interest percentile (1y) | 36th |
| Daily open interest change versus prior year | -0.33σ (-6,965 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +3.4% |
| Open interest change, 21 sessions | -9.0% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 20.98 vs 21.67 (-3.3%)
- closed above gamma max at 20.93 vs 20.22 (+3.4%)
- closed below gamma max at 26.84 vs 27.34 (-1.9%)
- closed above gamma max at 26.56 vs 25.97 (+2.2%)
- closed below gamma max at 24.43 vs 24.60 (-0.7%)
- closed above gamma max at 24.63 vs 24.30 (+1.4%)
- closed below gamma max at 25.71 vs 26.64 (-3.6%)
- closed above gamma max at 22.58 vs 21.82 (+3.4%)
- closed below gamma max at 20.76 vs 20.97 (-1.0%)
- closed above gamma max at 21.61 vs 20.70 (+4.2%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/CDE
Questions people ask about CDE
Where is CDE's gamma max today?
As of Oct 2, 2026, the gamma max for CDE is 21.40, +21.2% from the 17.66 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 CDE above or below its delta neutral price?
CDE closed above delta neutral: 17.66 against a delta neutral price of 15.56. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does CDE have?
427,498 contracts of open interest across 320 listed contracts on Oct 2, 2026, -1.6% 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.