CIFR max pain, gamma exposure (GEX) & options open interest
As of close · rank #74 by open interest · 1,118 sessions of history since Aug 30, 2021
CIFR's nearest-expiration max pain is 16.50 for 2026-10-09, its GEX flip is 4.98, net GEX is 31,655,988, 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 29.4 pp · 7d expected move +12.9%
CIFR closed 24.0% below its gamma max of 19.47. It is 15.7% above the delta neutral price of 13.24. Total open interest is 1,456,563, -5.9% versus the previous session. Its options catalyst-intensity score is 60.1 out of 100, led by smile convexity 29.4 pp, 7d expected move +12.9%. 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 | -35,463 contracts · -3.3% |
| Put OI change, 1 session | -55,497 contracts · -11.9% |
| Call minus put OI growth, 1 session | +8.6 pp |
| Call OI change, 5 sessions | +59,558 contracts · +6.0% |
| Put OI change, 5 sessions | -17,917 contracts · -4.2% |
| Call minus put OI growth, 5 sessions | +10.2 pp |
| Daily call OI change surprise | -0.64σ (252 prior changes) |
| Daily put OI change surprise | -1.75σ (252 prior changes) |
| Daily call-minus-put growth surprise | +2.05σ (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 44 completed Day +10 paths · latest Jun 18, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 44 | +0.1% | -2.7% to +2.9% | 50% | -1.3% to +1.7% | 0.0% |
| Day +2 | 44 | -2.1% | -5.4% to +4.7% | 39% | -3.7% to +0.2% | 0.0% |
| Day +3 | 44 | -2.0% | -8.1% to +7.4% | 45% | -6.6% to +5.4% | 0.0% |
| Day +4 | 44 | -1.1% | -9.8% to +6.7% | 45% | -6.5% to +3.2% | 0.0% |
| Day +5 | 44 | +2.4% | -11.3% to +10.3% | 57% | -1.7% to +6.6% | 0.0% |
| Day +6 | 44 | -1.7% | -11.1% to +13.0% | 48% | -5.4% to +6.5% | 0.0% |
| Day +7 | 44 | +1.6% | -9.6% to +16.7% | 57% | -6.7% to +8.8% | 0.0% |
| Day +8 | 44 | -0.4% | -9.3% to +12.3% | 48% | -3.4% to +4.4% | 0.0% |
| Day +9 | 44 | -2.5% | -15.9% to +13.1% | 45% | -5.8% to +3.3% | 0.0% |
| Day +10 | 44 | -0.3% | -15.9% to +15.6% | 45% | -7.1% to +3.4% | 0.0% |
Crosses above gamma max 31 completed Day +10 paths · latest May 29, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 31 | -0.6% | -3.1% to +2.2% | 45% | -2.2% to +1.7% | 0.0% |
| Day +2 | 31 | +1.3% | -6.0% to +8.8% | 52% | -4.3% to +5.1% | 0.0% |
| Day +3 | 31 | +0.6% | -6.4% to +11.9% | 52% | -4.6% to +6.6% | 0.0% |
| Day +4 | 31 | +4.6% | -8.4% to +13.9% | 55% | -5.9% to +10.0% | 0.0% |
| Day +5 | 31 | -1.0% | -11.4% to +14.7% | 48% | -5.7% to +5.2% | 0.0% |
| Day +6 | 31 | +1.5% | -9.5% to +15.5% | 55% | -6.0% to +6.4% | 0.0% |
| Day +7 | 31 | -1.9% | -14.9% to +16.3% | 45% | -10.7% to +6.6% | 0.0% |
| Day +8 | 31 | -3.5% | -15.3% to +16.8% | 45% | -10.6% to +10.3% | 0.0% |
| Day +9 | 31 | -1.6% | -13.2% to +21.8% | 48% | -8.2% to +10.4% | 0.0% |
| Day +10 | 31 | -6.3% | -17.0% to +28.5% | 48% | -9.5% to +14.2% | 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 | 10% |
| Gamma max crosses | 21 |
| Delta neutral crosses | 0 |
| Prior-year sessions closer to gamma max | 79.4% of 252 |
| Prior-year sessions closer to delta neutral | 13.9% of 252 |
| Open interest percentile (1y) | 74th |
| Daily open interest change versus prior year | -1.09σ (-90,960 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.9% |
| Open interest change, 21 sessions | -10.0% |
| History available | Aug 30, 2021 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 29.08 vs 29.48 (-1.4%)
- closed above gamma max at 24.48 vs 23.86 (+2.5%)
- closed below gamma max at 26.24 vs 26.39 (-0.6%)
- closed above gamma max at 23.65 vs 21.86 (+7.6%)
- closed below gamma max at 24.59 vs 25.05 (-1.9%)
- closed above gamma max at 25.17 vs 25.00 (+0.6%)
- closed below gamma max at 20.68 vs 20.77 (-0.4%)
- closed above gamma max at 22.14 vs 21.05 (+4.9%)
- closed below gamma max at 18.00 vs 18.36 (-2.0%)
- closed above gamma max at 18.45 vs 18.11 (+1.8%)
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/CIFR
Questions people ask about CIFR
Where is CIFR's gamma max today?
As of Oct 2, 2026, the gamma max for CIFR is 19.47, +24.0% from the 15.71 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 CIFR above or below its delta neutral price?
CIFR closed above delta neutral: 15.71 against a delta neutral price of 13.24. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does CIFR have?
1,456,563 contracts of open interest across 742 listed contracts on Oct 2, 2026, -5.9% 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.