Data through close

CL max pain, gamma exposure (GEX) & options open interest

As of close · rank #887 by open interest · snapshot page

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CL's nearest-expiration max pain is 87.00 for 2026-10-09, its GEX flip is 84.09, net GEX is 133,506, its put/call open-interest ratio is 0.75. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
84.26
prev 84.53
Gamma max
95.53
+13.4% from close
Delta neutral
85.34
+1.3% from close
Gamma neutral
84.09
-0.2% from close
Open interest
60,124
-2.9% vs prev
Contracts listed
420
240 calls · 201 puts

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.

Nearest max pain
87.00
+3.3% from close
2026-10-09
GEX flip
84.09
-0.2% from close
Net GEX
133,506
222,052 per 100k OI
Call wall
87.50
+3.8% from close
Put wall
85.00
+0.9% from close
Put/call OI
0.75
25,810 puts / 34,314 calls

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.

Catalyst intensity
–
cross-sectional score / 100
Directional score
–
IV rank
100.0
within trailing 52-week range
Front / back ATM IV
+22.0% / +23.3%
-1.2 pp front premium
Expected move
+3.0%
7 DTE · one standard deviation
ATM straddle / spot
+3.3%
front-window midpoint premium
25Δ risk reversal
-41.2 pp
put IV minus call IV
IV butterfly
5.6 pp
front-window smile convexity
Volume / open interest
0.03
1,885 contracts traded
Normalized net delta
-0.018
option-holder convention
Modeled dealer delta
0.018
opposite-side scenario
Vanna / 100k OI
5,254
volatility-sensitive delta
Charm / 100k OI
-51,474
time-decay-sensitive delta
IV surface range
94.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

CL closed 13.4% below its gamma max of 95.53. It is 1.3% below the delta neutral price of 85.34. Total open interest is 60,124, -2.9% versus the previous session. What gamma max means · What delta neutral means

History

Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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In today's screens

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Neighbours by open interest

← VIXM (#886) PDSB (#888) →

Questions people ask about CL

Where is CL's gamma max today?

As of Oct 2, 2026, the gamma max for CL is 95.53, +13.4% from the 84.26 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 CL above or below its delta neutral price?

CL closed below delta neutral: 84.26 against a delta neutral price of 85.34. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does CL have?

60,124 contracts of open interest across 420 listed contracts on Oct 2, 2026, -2.9% 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.