CELH max pain, gamma exposure (GEX) & options open interest
As of close · rank #170 by open interest · 1,393 sessions of history since Dec 1, 2020
CELH's nearest-expiration max pain is 28.00 for 2026-10-09, its GEX flip is 25.90, net GEX is 2,662,474, 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: smile convexity 13.7 pp
CELH closed 40.5% below its gamma max of 37.58. It is 0.1% below the delta neutral price of 26.76. Total open interest is 613,350, -2.0% versus the previous session. Its options catalyst-intensity score is 37.2 out of 100, led by smile convexity 13.7 pp. 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 | -6,245 contracts · -1.4% |
| Put OI change, 1 session | -6,205 contracts · -3.5% |
| Call minus put OI growth, 1 session | +2.1 pp |
| Call OI change, 5 sessions | +13,173 contracts · +3.1% |
| Put OI change, 5 sessions | +7,769 contracts · +4.7% |
| Call minus put OI growth, 5 sessions | -1.7 pp |
| Daily call OI change surprise | -0.34σ (252 prior changes) |
| Daily put OI change surprise | -0.66σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.52σ (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 above gamma max 43 completed Day +10 paths · latest Aug 20, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 43 | +0.0% | -2.2% to +2.5% | 51% | -1.2% to +1.5% | 0.0% |
| Day +2 | 43 | +0.2% | -2.6% to +2.5% | 58% | -0.8% to +1.1% | 0.0% |
| Day +3 | 43 | +1.6% | -3.0% to +4.1% | 63% | -0.3% to +2.1% | 0.0% |
| Day +4 | 43 | +0.5% | -2.5% to +3.8% | 53% | -1.5% to +2.8% | 0.0% |
| Day +5 | 43 | +2.5% | -2.0% to +6.0% | 60% | -1.0% to +4.0% | 0.0% |
| Day +6 | 43 | +2.5% | -2.3% to +5.7% | 63% | -0.4% to +4.4% | 0.0% |
| Day +7 | 43 | +3.1% | -2.9% to +4.7% | 60% | -0.3% to +4.2% | 0.0% |
| Day +8 | 43 | +2.8% | -2.7% to +7.8% | 70% | +1.5% to +5.0% | +1.5% |
| Day +9 | 43 | +2.7% | -2.7% to +7.7% | 67% | +0.4% to +6.4% | +0.4% |
| Day +10 | 43 | +2.8% | -2.3% to +8.9% | 70% | +0.3% to +5.8% | +0.3% |
Crosses below gamma max 43 completed Day +10 paths · latest Jan 26, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 43 | +0.7% | -1.4% to +2.3% | 56% | -0.5% to +1.8% | 0.0% |
| Day +2 | 43 | +1.9% | -0.7% to +4.2% | 67% | +0.5% to +3.3% | +0.5% |
| Day +3 | 43 | +2.0% | -2.4% to +4.7% | 56% | -1.7% to +3.0% | 0.0% |
| Day +4 | 43 | +2.2% | -2.4% to +6.2% | 58% | -0.9% to +4.5% | 0.0% |
| Day +5 | 43 | +2.7% | -3.0% to +5.5% | 60% | -1.5% to +3.4% | 0.0% |
| Day +6 | 43 | +2.9% | -1.3% to +7.6% | 65% | +1.0% to +5.4% | +1.0% |
| Day +7 | 43 | +3.3% | -0.1% to +7.1% | 74% | +1.0% to +5.4% | +1.0% |
| Day +8 | 43 | +2.9% | -1.5% to +7.8% | 67% | +0.5% to +5.8% | +0.5% |
| Day +9 | 43 | +3.2% | -0.6% to +7.9% | 72% | +1.4% to +5.2% | +1.4% |
| Day +10 | 43 | +2.8% | -1.1% to +8.3% | 67% | +0.8% to +6.1% | +0.8% |
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 | 6% |
| Gamma max crosses | 19 |
| Delta neutral crosses | 19 |
| Prior-year sessions closer to gamma max | 99.2% of 252 |
| Prior-year sessions closer to delta neutral | 0.0% of 252 |
| Open interest percentile (1y) | 86th |
| Daily open interest change versus prior year | -0.46σ (-12,450 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +3.5% |
| Open interest change, 21 sessions | -5.7% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 26.75 vs 26.76 (-0.1%)
- closed above delta neutral at 27.22 vs 26.91 (+1.1%)
- closed below delta neutral at 26.63 vs 27.29 (-2.5%)
- closed below gamma max at 33.36 vs 38.71 (-16.0%)
- closed above gamma max at 32.54 vs 31.56 (+3.0%)
- closed above delta neutral at 27.77 vs 25.81 (+7.1%)
- closed below delta neutral at 23.77 vs 26.92 (-13.3%)
- closed above delta neutral at 28.79 vs 27.69 (+3.8%)
- closed below delta neutral at 27.17 vs 27.79 (-2.3%)
- closed above delta neutral at 28.14 vs 27.39 (+2.7%)
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/CELH
Questions people ask about CELH
Where is CELH's gamma max today?
As of Oct 2, 2026, the gamma max for CELH is 37.58, +40.5% from the 26.75 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 CELH above or below its delta neutral price?
CELH closed below delta neutral: 26.75 against a delta neutral price of 26.76. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does CELH have?
613,350 contracts of open interest across 567 listed contracts on Oct 2, 2026, -2.0% 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.