CG max pain, gamma exposure (GEX) & options open interest
As of close · rank #614 by open interest · 1,394 sessions of history since Dec 1, 2020
CG's nearest-expiration max pain is 42.50 for 2026-10-16, its GEX flip is 46.11, net GEX is -5,686,798, its put/call open-interest ratio is 1.37. 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: OI change 0.19σ
CG closed 36.0% below its gamma max of 54.15. It is 11.9% below the delta neutral price of 44.56. Total open interest is 105,430, +3.5% versus the previous session. Its options catalyst-intensity score is 41.1 out of 100, led by OI change 0.19σ. 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 | +239 contracts · +0.5% |
| Put OI change, 1 session | +3,345 contracts · +5.8% |
| Call minus put OI growth, 1 session | -5.3 pp |
| Call OI change, 5 sessions | +1,644 contracts · +3.8% |
| Put OI change, 5 sessions | +6,612 contracts · +12.2% |
| Call minus put OI growth, 5 sessions | -8.4 pp |
| Daily call OI change surprise | +0.01σ (252 prior changes) |
| Daily put OI change surprise | +0.46σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.16σ (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 46 completed Day +10 paths · latest Aug 21, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 46 | +0.4% | -0.7% to +1.3% | 59% | -0.1% to +1.1% | 0.0% |
| Day +2 | 46 | +1.0% | -1.5% to +2.2% | 54% | -0.7% to +1.9% | 0.0% |
| Day +3 | 46 | +0.3% | -1.2% to +2.7% | 54% | -0.5% to +1.5% | 0.0% |
| Day +4 | 46 | +1.2% | -2.3% to +3.0% | 59% | -0.4% to +2.4% | 0.0% |
| Day +5 | 46 | +1.2% | -3.4% to +3.1% | 59% | -0.6% to +2.3% | 0.0% |
| Day +6 | 46 | +0.7% | -4.4% to +3.6% | 54% | -1.8% to +2.4% | 0.0% |
| Day +7 | 46 | +1.1% | -4.0% to +3.2% | 54% | -2.8% to +2.6% | 0.0% |
| Day +8 | 46 | +0.8% | -4.4% to +4.3% | 57% | -2.3% to +2.0% | 0.0% |
| Day +9 | 46 | +0.1% | -3.3% to +5.2% | 50% | -2.1% to +2.1% | 0.0% |
| Day +10 | 46 | +1.0% | -4.0% to +4.8% | 57% | -1.9% to +3.0% | 0.0% |
Crosses above gamma max 46 completed Day +10 paths · latest Aug 13, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 46 | +0.5% | -1.7% to +1.4% | 57% | -0.6% to +1.0% | 0.0% |
| Day +2 | 46 | -0.1% | -1.0% to +1.1% | 48% | -0.5% to +0.6% | 0.0% |
| Day +3 | 46 | -0.1% | -1.5% to +1.9% | 46% | -0.8% to +0.9% | 0.0% |
| Day +4 | 46 | -0.4% | -3.3% to +2.7% | 50% | -1.6% to +1.3% | 0.0% |
| Day +5 | 46 | +0.5% | -3.0% to +3.4% | 54% | -1.6% to +1.8% | 0.0% |
| Day +6 | 46 | +1.1% | -3.7% to +3.7% | 57% | -1.1% to +2.4% | 0.0% |
| Day +7 | 46 | +0.9% | -4.0% to +3.8% | 52% | -1.8% to +3.0% | 0.0% |
| Day +8 | 46 | +1.2% | -3.8% to +4.8% | 61% | -1.0% to +3.4% | 0.0% |
| Day +9 | 46 | +1.6% | -3.8% to +5.8% | 61% | -1.4% to +3.4% | 0.0% |
| Day +10 | 46 | +1.5% | -2.7% to +6.3% | 59% | -1.7% to +4.5% | 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 | 14% |
| Gamma max crosses | 10 |
| Delta neutral crosses | 7 |
| Prior-year sessions closer to gamma max | 95.2% of 252 |
| Prior-year sessions closer to delta neutral | 48.4% of 252 |
| Open interest percentile (1y) | 67th |
| Daily open interest change versus prior year | +0.19σ (3,584 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +8.5% |
| Open interest change, 21 sessions | -50.3% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 44.11 vs 44.69 (-1.3%)
- closed below gamma max at 49.37 vs 51.36 (-4.0%)
- closed above gamma max at 51.41 vs 49.39 (+3.9%)
- closed below gamma max at 48.27 vs 48.34 (-0.2%)
- closed above gamma max at 48.36 vs 48.33 (+0.1%)
- closed below gamma max at 47.79 vs 48.39 (-1.3%)
- closed above gamma max at 48.91 vs 47.56 (+2.8%)
- closed above delta neutral at 42.11 vs 38.04 (+9.7%)
- closed below delta neutral at 45.69 vs 46.38 (-1.5%)
- closed above delta neutral at 46.83 vs 46.46 (+0.8%)
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/CG
Questions people ask about CG
Where is CG's gamma max today?
As of Oct 2, 2026, the gamma max for CG is 54.15, +36.0% from the 39.82 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 CG above or below its delta neutral price?
CG closed below delta neutral: 39.82 against a delta neutral price of 44.56. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does CG have?
105,430 contracts of open interest across 188 listed contracts on Oct 2, 2026, +3.5% 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.