CEG max pain, gamma exposure (GEX) & options open interest
As of close · rank #412 by open interest · 1,089 sessions of history since Feb 10, 2022
CEG's nearest-expiration max pain is 262.50 for 2026-10-09, its GEX flip is 288.20, net GEX is -7,564,785, its put/call open-interest ratio is 1.69. 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: volume/OI 0.08 · IV rank 86
CEG closed 32.1% below its gamma max of 340.27. It is 9.1% below the delta neutral price of 280.84. Total open interest is 196,565, -2.8% versus the previous session. Its options catalyst-intensity score is 50.3 out of 100, led by volume/OI 0.08, IV rank 86. 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 | -3,701 contracts · -4.8% |
| Put OI change, 1 session | -1,903 contracts · -1.5% |
| Call minus put OI growth, 1 session | -3.3 pp |
| Call OI change, 5 sessions | +660 contracts · +0.9% |
| Put OI change, 5 sessions | +4,208 contracts · +3.5% |
| Call minus put OI growth, 5 sessions | -2.6 pp |
| Daily call OI change surprise | -0.54σ (252 prior changes) |
| Daily put OI change surprise | -0.34σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.82σ (252 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
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 29 completed Day +10 paths · latest Oct 16, 2025
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 29 | +0.4% | -0.5% to +1.5% | 55% | -0.3% to +0.9% | 0.0% |
| Day +2 | 29 | +0.5% | -0.6% to +2.1% | 62% | -0.3% to +1.1% | 0.0% |
| Day +3 | 29 | +0.3% | -1.4% to +2.3% | 55% | -0.9% to +1.6% | 0.0% |
| Day +4 | 29 | +1.5% | -1.6% to +3.4% | 59% | -1.2% to +2.2% | 0.0% |
| Day +5 | 29 | +0.9% | -2.2% to +2.8% | 55% | -1.7% to +2.6% | 0.0% |
| Day +6 | 29 | +1.0% | -1.9% to +2.1% | 59% | -1.3% to +1.7% | 0.0% |
| Day +7 | 29 | -0.3% | -1.4% to +2.1% | 45% | -1.4% to +1.5% | 0.0% |
| Day +8 | 29 | +0.6% | -2.5% to +4.3% | 52% | -2.2% to +1.8% | 0.0% |
| Day +9 | 29 | -0.4% | -1.5% to +3.4% | 48% | -1.4% to +2.1% | 0.0% |
| Day +10 | 29 | -0.6% | -2.5% to +3.1% | 41% | -2.3% to +1.8% | 0.0% |
Crosses above gamma max 30 completed Day +10 paths · latest Oct 15, 2025
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 30 | -0.5% | -1.5% to +0.6% | 37% | -1.0% to +0.1% | 0.0% |
| Day +2 | 30 | +0.1% | -1.6% to +2.5% | 50% | -1.3% to +1.7% | 0.0% |
| Day +3 | 30 | +0.5% | -2.1% to +2.2% | 60% | -0.9% to +1.1% | 0.0% |
| Day +4 | 30 | +0.3% | -2.1% to +3.5% | 53% | -0.7% to +2.2% | 0.0% |
| Day +5 | 30 | +0.9% | -2.1% to +3.4% | 57% | -0.8% to +2.4% | 0.0% |
| Day +6 | 30 | +0.5% | -1.7% to +4.1% | 57% | -0.3% to +2.9% | 0.0% |
| Day +7 | 30 | +0.1% | -2.6% to +4.8% | 53% | -2.1% to +4.1% | 0.0% |
| Day +8 | 30 | +0.7% | -2.9% to +5.8% | 53% | -1.4% to +3.7% | 0.0% |
| Day +9 | 30 | +1.7% | -1.9% to +5.4% | 63% | -0.0% to +4.5% | 0.0% |
| Day +10 | 30 | +2.7% | -0.8% to +7.8% | 67% | +0.4% to +4.4% | +0.4% |
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 | 0% |
| Gamma max crosses | 2 |
| Delta neutral crosses | 29 |
| Prior-year sessions closer to gamma max | 85.7% of 252 |
| Prior-year sessions closer to delta neutral | 77.0% of 252 |
| Open interest percentile (1y) | 41th |
| Daily open interest change versus prior year | -0.47σ (-5,604 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.5% |
| Open interest change, 21 sessions | -5.5% |
| History available | Feb 10, 2022 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 264.57 vs 280.67 (-6.1%)
- closed above delta neutral at 290.04 vs 283.99 (+2.1%)
- closed below delta neutral at 274.35 vs 279.22 (-1.8%)
- closed above delta neutral at 274.90 vs 274.33 (+0.2%)
- closed below delta neutral at 288.68 vs 300.50 (-4.1%)
- closed above delta neutral at 301.57 vs 300.42 (+0.4%)
- closed below delta neutral at 303.63 vs 310.51 (-2.3%)
- closed above delta neutral at 321.05 vs 312.10 (+2.8%)
- closed below delta neutral at 307.81 vs 308.04 (-0.1%)
- closed above delta neutral at 313.00 vs 308.57 (+1.4%)
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/CEG
Questions people ask about CEG
Where is CEG's gamma max today?
As of Oct 2, 2026, the gamma max for CEG is 340.27, +32.1% from the 257.49 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 CEG above or below its delta neutral price?
CEG closed below delta neutral: 257.49 against a delta neutral price of 280.84. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does CEG have?
196,565 contracts of open interest across 1,055 listed contracts on Oct 2, 2026, -2.8% 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.