CRWD max pain, gamma exposure (GEX) & options open interest
As of close · rank #83 by open interest · 1,394 sessions of history since Dec 1, 2020
CRWD's nearest-expiration max pain is 250.00 for 2026-10-09, its GEX flip is 240.98, net GEX is 16,664,787, its put/call open-interest ratio is 0.96. 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: volume/OI 0.07
CRWD closed 5.6% below its gamma max of 285.10. It is 15.3% above the delta neutral price of 228.62. Total open interest is 1,196,710, -5.1% versus the previous session. Its options catalyst-intensity score is 39.6 out of 100, led by volume/OI 0.07. 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 | -28,987 contracts · -4.5% |
| Put OI change, 1 session | -34,939 contracts · -5.6% |
| Call minus put OI growth, 1 session | +1.1 pp |
| Call OI change, 5 sessions | +9,467 contracts · +1.6% |
| Put OI change, 5 sessions | +15,146 contracts · +2.7% |
| Call minus put OI growth, 5 sessions | -1.1 pp |
| Daily call OI change surprise | -0.80σ (252 prior changes) |
| Daily put OI change surprise | -0.95σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.66σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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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 19 completed Day +10 paths · latest Aug 28, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 19 | +0.3% | -1.3% to +2.2% | 53% | -1.2% to +2.0% | 0.0% |
| Day +2 | 19 | -0.4% | -1.7% to +1.3% | 47% | -1.5% to +0.6% | 0.0% |
| Day +3 | 19 | -0.4% | -4.4% to +1.6% | 42% | -4.4% to +1.0% | 0.0% |
| Day +4 | 19 | +0.1% | -3.8% to +3.4% | 53% | -3.4% to +3.4% | 0.0% |
| Day +5 | 19 | -0.6% | -3.7% to +4.8% | 47% | -3.1% to +4.6% | 0.0% |
| Day +6 | 19 | -0.7% | -4.5% to +7.3% | 47% | -4.5% to +5.9% | 0.0% |
| Day +7 | 19 | -0.1% | -5.2% to +8.4% | 47% | -4.9% to +6.2% | 0.0% |
| Day +8 | 19 | +0.2% | -5.2% to +8.4% | 53% | -4.4% to +8.0% | 0.0% |
| Day +9 | 19 | +1.1% | -5.9% to +7.2% | 53% | -5.3% to +5.8% | 0.0% |
| Day +10 | 19 | +3.1% | -7.3% to +7.1% | 58% | -6.1% to +6.5% | 0.0% |
Crosses above gamma max 18 completed Day +10 paths · latest Jul 14, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 18 | -0.2% | -1.4% to +1.6% | 44% | -1.2% to +1.5% | 0.0% |
| Day +2 | 18 | +0.6% | -1.5% to +3.3% | 56% | -1.4% to +2.7% | 0.0% |
| Day +3 | 18 | -0.5% | -2.8% to +3.3% | 44% | -2.6% to +3.2% | 0.0% |
| Day +4 | 18 | -0.7% | -3.1% to +4.0% | 33% | -2.8% to +2.1% | 0.0% |
| Day +5 | 18 | -0.0% | -2.0% to +3.2% | 50% | -1.5% to +3.2% | 0.0% |
| Day +6 | 18 | +1.7% | -2.0% to +7.7% | 56% | -2.0% to +4.9% | 0.0% |
| Day +7 | 18 | +3.1% | -3.2% to +9.9% | 56% | -2.8% to +6.1% | 0.0% |
| Day +8 | 18 | +2.3% | -4.3% to +13.4% | 56% | -2.4% to +12.9% | 0.0% |
| Day +9 | 18 | +3.7% | -4.4% to +13.5% | 56% | -2.9% to +11.1% | 0.0% |
| Day +10 | 18 | +4.2% | -5.3% to +9.3% | 56% | -3.3% to +8.2% | 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 | 8 |
| Delta neutral crosses | 14 |
| Prior-year sessions closer to gamma max | 31.7% of 252 |
| Prior-year sessions closer to delta neutral | 86.5% of 252 |
| Open interest percentile (1y) | 78th |
| Daily open interest change versus prior year | -0.88σ (-63,926 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.1% |
| Open interest change, 21 sessions | -7.8% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 218.40 vs 235.36 (-7.8%)
- closed above gamma max at 227.96 vs 219.23 (+3.8%)
- closed below gamma max at 206.77 vs 213.08 (-3.1%)
- closed above gamma max at 210.73 vs 210.32 (+0.2%)
- closed below gamma max at 648.23 vs 655.30 (-1.1%)
- closed above gamma max at 650.11 vs 640.81 (+1.4%)
- closed below gamma max at 616.88 vs 618.84 (-0.3%)
- closed above gamma max at 505.72 vs 498.56 (+1.4%)
- closed above delta neutral at 402.24 vs 391.58 (+2.6%)
- closed below delta neutral at 379.02 vs 390.24 (-3.0%)
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/CRWD
Questions people ask about CRWD
Where is CRWD's gamma max today?
As of Oct 2, 2026, the gamma max for CRWD is 285.10, +5.6% from the 270.04 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 CRWD above or below its delta neutral price?
CRWD closed above delta neutral: 270.04 against a delta neutral price of 228.62. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does CRWD have?
1,196,710 contracts of open interest across 1,943 listed contracts on Oct 2, 2026, -5.1% 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.