CRCL max pain, gamma exposure (GEX) & options open interest
As of close · rank #137 by open interest · 332 sessions of history since Jun 10, 2025
CRCL's nearest-expiration max pain is 86.00 for 2026-10-09, its GEX flip is 80.13, net GEX is 1,405,984, its put/call open-interest ratio is 0.79. 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 -18.9 pp · volume/OI 0.16 · 7d expected move +8.9%
CRCL closed 32.0% below its gamma max of 107.26. It is 1.3% below the delta neutral price of 82.33. Total open interest is 733,513, -6.3% versus the previous session. Its options catalyst-intensity score is 49.1 out of 100, led by smile convexity -18.9 pp, volume/OI 0.16, 7d expected move +8.9%. 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 | -30,661 contracts · -6.9% |
| Put OI change, 1 session | -18,729 contracts · -5.5% |
| Call minus put OI growth, 1 session | -1.5 pp |
| Call OI change, 5 sessions | +21,897 contracts · +5.6% |
| Put OI change, 5 sessions | +19,129 contracts · +6.3% |
| Call minus put OI growth, 5 sessions | -0.7 pp |
| Daily call OI change surprise | -0.78σ (252 prior changes) |
| Daily put OI change surprise | -0.68σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.42σ (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 6 completed Day +10 paths · latest Aug 21, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 6 | +0.5% | -1.5% to +5.3% | 50% | -4.8% to +9.7% | 0.0% |
| Day +2 | 6 | +3.0% | -0.0% to +4.4% | 67% | -8.1% to +15.9% | 0.0% |
| Day +3 | 6 | +2.7% | +0.2% to +8.8% | 67% | -15.6% to +11.5% | 0.0% |
| Day +4 | 6 | +9.6% | +4.4% to +14.6% | 83% | -13.9% to +17.3% | 0.0% |
| Day +5 | 6 | +3.7% | -2.1% to +12.0% | 50% | -17.9% to +17.8% | 0.0% |
| Day +6 | 6 | +9.7% | -6.7% to +13.0% | 67% | -18.0% to +23.5% | 0.0% |
| Day +7 | 6 | +5.1% | -1.9% to +10.9% | 67% | -21.2% to +29.8% | 0.0% |
| Day +8 | 6 | +0.3% | -5.7% to +9.4% | 50% | -22.7% to +30.4% | 0.0% |
| Day +9 | 6 | -3.9% | -9.1% to +12.4% | 33% | -19.0% to +25.9% | 0.0% |
| Day +10 | 6 | -1.1% | -6.6% to +12.1% | 50% | -21.9% to +23.6% | 0.0% |
Crosses above gamma max 5 completed Day +10 paths · latest Aug 20, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 5 | +0.4% | -4.5% to +1.4% | 60% | -5.0% to +5.2% | 0.0% |
| Day +2 | 5 | -1.0% | -3.2% to -0.8% | 20% | -3.3% to +4.9% | 0.0% |
| Day +3 | 5 | -2.3% | -2.7% to +6.2% | 40% | -4.8% to +10.0% | 0.0% |
| Day +4 | 5 | +6.6% | +4.3% to +7.5% | 100% | +3.0% to +12.2% | +3.0% |
| Day +5 | 5 | +11.0% | +7.2% to +12.0% | 100% | +2.5% to +12.6% | +2.5% |
| Day +6 | 5 | +8.5% | +4.2% to +12.5% | 100% | +2.6% to +16.7% | +2.6% |
| Day +7 | 5 | +9.6% | +8.7% to +14.2% | 80% | -3.3% to +16.4% | 0.0% |
| Day +8 | 5 | +7.0% | +6.7% to +19.5% | 80% | -12.6% to +22.1% | 0.0% |
| Day +9 | 5 | +7.2% | +6.0% to +19.3% | 80% | -3.8% to +25.7% | 0.0% |
| Day +10 | 5 | +23.4% | -8.2% to +25.0% | 60% | -14.3% to +26.2% | 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 | 4% |
| Gamma max crosses | 16 |
| Delta neutral crosses | 19 |
| Prior-year sessions closer to gamma max | 81.7% of 252 |
| Prior-year sessions closer to delta neutral | 8.3% of 252 |
| Open interest percentile (1y) | 55th |
| Daily open interest change versus prior year | -0.76σ (-49,390 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +5.9% |
| Open interest change, 21 sessions | -9.6% |
| History available | Jun 10, 2025 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 81.25 vs 82.33 (-1.3%)
- closed above delta neutral at 82.91 vs 82.67 (+0.3%)
- closed below delta neutral at 82.17 vs 82.87 (-0.9%)
- closed above delta neutral at 85.09 vs 83.97 (+1.3%)
- closed below delta neutral at 80.45 vs 83.40 (-3.7%)
- closed below gamma max at 102.05 vs 114.77 (-12.5%)
- closed above gamma max at 103.23 vs 100.48 (+2.7%)
- closed below gamma max at 87.98 vs 92.19 (-4.8%)
- closed above gamma max at 83.66 vs 83.31 (+0.4%)
- closed below gamma max at 71.60 vs 85.37 (-19.2%)
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/CRCL
Questions people ask about CRCL
Where is CRCL's gamma max today?
As of Oct 2, 2026, the gamma max for CRCL is 107.26, +32.0% from the 81.25 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 CRCL above or below its delta neutral price?
CRCL closed below delta neutral: 81.25 against a delta neutral price of 82.33. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does CRCL have?
733,513 contracts of open interest across 1,185 listed contracts on Oct 2, 2026, -6.3% 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.