Data through close

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

As of close

CMI's nearest-expiration max pain is 500.00 for the Fri, Nov 20, 2026 expiration, 10.6% above the 452.18 close; all-expiration max pain is 510.00; the GEX flip is 478.45; net GEX is -332.67K (modeled dollar-delta change per $1 move); the put/call open-interest ratio is 0.78. These are whole-chain derived aggregates as of Nov 13, 2026 close.

CMI max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
500.00
+10.6% from close
Expiry: Fri, Nov 20, 2026
All-expiration max pain: 510.00
GEX flip (gamma neutral)
478.45
+5.8% from close
Net GEX
-332,671
-1,457,037 per 100k OI
Call wall
450.00
-0.5% from close
Put wall
470.00
+3.9% from close
Put/call OI
0.78
9,984 puts / 12,848 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
452.18
prev 455.40
Gamma max
597.76
+32.2% from close
Delta neutral
503.58
+11.4% from close
Gamma neutral (GEX flip)
478.45
+5.8% from close
Open interest
22,832
+3.8% vs prev
Contracts listed
485
291 calls · 229 puts

Advanced options analysis

Public aggregate 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
27.7
within trailing 52-week range
Front IV premium
8.3 pp
front minus back volatility difference
25Δ risk reversal
-168.5 pp
put IV minus call IV
IV butterfly
0.3 pp
front-window smile convexity
Volume / open interest
0.02
566 contracts traded
Normalized net delta
-0.134
option-holder convention
Modeled dealer delta
0.133
opposite-side scenario
Vanna / 100k OI
964
volatility-sensitive delta
Charm / 100k OI
19,338,017
time-decay-sensitive delta
IV surface range
75.7 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

CMI closed 32.2% below its gamma max of 597.76. It is 11.4% below the delta neutral price of 503.58. Total open interest is 22,832, +3.8% 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

Daily ticker aggregates through 2026-11-13. This analysis view omits individual contract fields.

To see all-expiration max pain over time, open the History chart and select “All-expiration max pain” under More series.

Aggregate IV history

Chart loads when this section is in view.

Swipe chart sideways to see the full range.

In today's screens

Not in any screen today. See all screens.

Neighbours by open interest

Cite or embed this snapshot

Cite this canonical page or embed the live levels widget. All of them carry public derived aggregates, not contract-level quotes. Credited citations and unmodified embeds need no permission; see the terms.

Canonical source: https://halfonadouble.com/stock/CMI

Questions people ask about CMI

What is CMI's max pain for the nearest expiration?

As of Nov 13, 2026 close, nearest-expiration max pain is 500.00 for the Fri, Nov 20, 2026 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do CMI's gamma exposure and gamma flip show?

Signed net GEX is -332,671 as of Nov 13, 2026 close. The confirmed GEX flip is 478.45. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is CMI's gamma max today?

As of Nov 13, 2026, the gamma max for CMI is 597.76, +32.2% from the 452.18 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 CMI above or below its delta neutral price?

CMI closed below delta neutral: 452.18 against a delta neutral price of 503.58. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does CMI have?

22,832 contracts of open interest across 485 listed contracts on Nov 13, 2026, +3.8% 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.