Data through close

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

As of close · rank #570 by open interest · 950 sessions of history since Sep 1, 2022

CONL's nearest-expiration max pain is 6.00 for 2026-10-09, its GEX flip is 4.99, net GEX is 673,111, its put/call open-interest ratio is 0.60. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
5.52
prev 5.91
Gamma max
7.75
+40.5% from close
Delta neutral
5.56
+0.7% from close
Gamma neutral
4.99
-9.5% from close
Open interest
123,044
+0.9% vs prev
Contracts listed
353
234 calls · 156 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
6.00
+8.7% from close
2026-10-09
GEX flip
4.99
-9.5% from close
Net GEX
673,111
547,049 per 100k OI
Call wall
8.00
+44.9% from close
Put wall
6.00
+8.7% from close
Put/call OI
0.60
45,919 puts / 77,125 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
51.2
cross-sectional score / 100
Directional score
20.9
relatively bullish positioning
IV rank
29.4
within trailing 52-week range
Front / back ATM IV
+115.4% / +129.4%
-14.0 pp front premium
Expected move
+16.0%
7 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
-40.8 pp
put IV minus call IV
IV butterfly
-5.3 pp
front-window smile convexity
Volume / open interest
0.13
15,776 contracts traded
Normalized net delta
0.017
option-holder convention
Modeled dealer delta
-0.017
opposite-side scenario
Vanna / 100k OI
1,739
volatility-sensitive delta
Charm / 100k OI
62,180
time-decay-sensitive delta
IV surface range
50.4 pp
published contour maximum minus minimum

Strongest relative signals: 7d expected move +16.0% · OI change 0.10σ · volume/OI 0.13

Download the complete dated analysis JSON .

CONL closed 40.5% below its gamma max of 7.75. It is 0.7% below the delta neutral price of 5.56. Total open interest is 123,044, +0.9% versus the previous session. Its options catalyst-intensity score is 51.2 out of 100, led by 7d expected move +16.0%, OI change 0.10σ, volume/OI 0.13. 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.

CONL call and put open interest changes
Measure Value
Call OI change, 1 session +537 contracts · +0.7%
Put OI change, 1 session +524 contracts · +1.2%
Call minus put OI growth, 1 session -0.5 pp
Call OI change, 5 sessions +3,707 contracts · +5.0%
Put OI change, 5 sessions +5,356 contracts · +13.2%
Call minus put OI growth, 5 sessions -8.2 pp
Daily call OI change surprise +0.08σ (252 prior changes)
Daily put OI change surprise +0.13σ (252 prior changes)
Daily call-minus-put growth surprise -0.01σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
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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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 23 completed Day +10 paths · latest Apr 20, 2026
CONL returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -36.0% -18.0% 0% +18.0% +36.0% Cross on Nov 28, 2023 Cross on Feb 13, 2024 Cross on Mar 6, 2024 Cross on Mar 11, 2024 Cross on Mar 19, 2024 Cross on Apr 1, 2024 Cross on Apr 30, 2024 Cross on Sep 20, 2024 Cross on Sep 30, 2024 Cross on Nov 15, 2024 Cross on May 15, 2025 Cross on Jul 2, 2025 Cross on Jul 28, 2025 Cross on Aug 11, 2025 Cross on Sep 22, 2025 Cross on Oct 10, 2025 Cross on Jan 6, 2026 Cross on Feb 17, 2026 Cross on Feb 26, 2026 Cross on Mar 3, 2026 Cross on Mar 9, 2026 Cross on Apr 16, 2026 Cross on Apr 20, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
CONL historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 23 +0.3% -4.0% to +6.1% 57% -3.3% to +3.1% 0.0%
Day +2 23 -0.1% -3.9% to +13.5% 48% -2.2% to +11.5% 0.0%
Day +3 23 +0.9% -7.3% to +12.1% 52% -5.0% to +8.3% 0.0%
Day +4 23 -1.5% -9.4% to +16.3% 48% -8.5% to +14.4% 0.0%
Day +5 23 +2.5% -4.4% to +13.7% 65% -3.0% to +10.8% 0.0%
Day +6 23 +2.1% -8.2% to +14.9% 57% -8.0% to +9.6% 0.0%
Day +7 23 +1.3% -9.9% to +12.9% 52% -8.8% to +8.8% 0.0%
Day +8 23 +1.9% -9.4% to +13.5% 57% -7.2% to +9.5% 0.0%
Day +9 23 -2.1% -9.4% to +14.3% 39% -6.8% to +10.6% 0.0%
Day +10 23 -0.6% -7.9% to +16.7% 48% -4.4% to +16.0% 0.0%
Crosses above gamma max 17 completed Day +10 paths · latest Apr 17, 2026
CONL returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -40.0% -20.0% 0% +20.0% +40.0% Cross on Dec 4, 2023 Cross on Feb 9, 2024 Cross on Mar 5, 2024 Cross on Mar 7, 2024 Cross on Mar 20, 2024 Cross on Apr 19, 2024 Cross on Sep 19, 2024 Cross on Sep 27, 2024 Cross on Nov 8, 2024 Cross on Nov 14, 2024 Cross on May 13, 2025 Cross on Jul 9, 2025 Cross on Sep 18, 2025 Cross on Oct 2, 2025 Cross on Mar 2, 2026 Cross on Apr 15, 2026 Cross on Apr 17, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
CONL historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 17 +4.7% +2.0% to +11.6% 76% +2.0% to +11.6% +2.0%
Day +2 17 +6.7% -6.6% to +23.8% 59% -6.6% to +23.8% 0.0%
Day +3 17 +10.6% -1.3% to +17.1% 71% -1.3% to +17.1% 0.0%
Day +4 17 +7.0% +1.5% to +13.3% 76% +1.5% to +13.3% +1.5%
Day +5 17 +9.1% -3.7% to +21.6% 65% -3.7% to +21.6% 0.0%
Day +6 17 +5.0% -2.2% to +16.2% 59% -2.2% to +16.2% 0.0%
Day +7 17 +2.0% -6.5% to +15.5% 53% -6.5% to +15.5% 0.0%
Day +8 17 -1.0% -9.8% to +12.6% 47% -9.8% to +12.6% 0.0%
Day +9 17 +6.3% -5.7% to +14.2% 65% -5.7% to +14.2% 0.0%
Day +10 17 +8.3% -7.2% to +12.8% 59% -7.2% to +12.8% 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

CONL trailing historical statistics
Sessions closed above gamma max 6%
Gamma max crosses 15
Delta neutral crosses 27
Prior-year sessions closer to gamma max 82.9% of 252
Prior-year sessions closer to delta neutral 2.0% of 252
Open interest percentile (1y) 90th
Daily open interest change versus prior year +0.10σ (1,061 contracts; 252 prior changes)
Open interest change, 5 sessions +8.0%
Open interest change, 21 sessions +8.5%
History available Sep 1, 2022 → Oct 2, 2026

Recent crosses

  1. closed below delta neutral at 5.52 vs 5.56 (-0.7%)
  2. closed above delta neutral at 6.27 vs 5.79 (+7.6%)
  3. closed below delta neutral at 5.03 vs 5.26 (-4.5%)
  4. closed above delta neutral at 6.29 vs 5.90 (+6.2%)
  5. closed below delta neutral at 5.14 vs 5.33 (-3.7%)
  6. closed above delta neutral at 4.65 vs 4.40 (+5.4%)
  7. closed below delta neutral at 4.00 vs 4.23 (-5.7%)
  8. closed above delta neutral at 5.01 vs 4.66 (+7.1%)
  9. closed below delta neutral at 4.27 vs 4.54 (-6.3%)
  10. closed above delta neutral at 4.59 vs 4.46 (+2.8%)

In today's screens

Neighbours by open interest

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Questions people ask about CONL

Where is CONL's gamma max today?

As of Oct 2, 2026, the gamma max for CONL is 7.75, +40.5% from the 5.52 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 CONL above or below its delta neutral price?

CONL closed below delta neutral: 5.52 against a delta neutral price of 5.56. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does CONL have?

123,044 contracts of open interest across 353 listed contracts on Oct 2, 2026, +0.9% 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.