CRWV max pain, gamma exposure (GEX) & options open interest
As of close · rank #38 by open interest · 379 sessions of history since Apr 2, 2025
CRWV's nearest-expiration max pain is 88.00 for 2026-10-09, its GEX flip is 81.41, net GEX is 48,270,103, its put/call open-interest ratio is 0.87. 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 0.12 · 7d expected move +9.5%
CRWV closed 14.8% below its gamma max of 102.90. It is 7.8% above the delta neutral price of 82.59. Total open interest is 2,455,379, -4.9% versus the previous session. Its options catalyst-intensity score is 36.3 out of 100, led by volume/OI 0.12, 7d expected move +9.5%. 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 | -77,636 contracts · -5.6% |
| Put OI change, 1 session | -48,318 contracts · -4.1% |
| Call minus put OI growth, 1 session | -1.5 pp |
| Call OI change, 5 sessions | +63,910 contracts · +5.1% |
| Put OI change, 5 sessions | +43,819 contracts · +4.0% |
| Call minus put OI growth, 5 sessions | +1.1 pp |
| Daily call OI change surprise | -1.07σ (252 prior changes) |
| Daily put OI change surprise | -0.85σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.40σ (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 9 completed Day +10 paths · latest Aug 13, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 9 | -0.6% | -6.9% to +1.8% | 44% | -9.4% to +1.9% | 0.0% |
| Day +2 | 9 | -1.4% | -9.3% to +2.2% | 33% | -11.1% to +5.1% | 0.0% |
| Day +3 | 9 | -8.1% | -15.1% to +5.1% | 44% | -15.7% to +5.4% | 0.0% |
| Day +4 | 9 | -6.4% | -13.7% to +0.7% | 44% | -14.1% to +7.2% | 0.0% |
| Day +5 | 9 | -5.7% | -11.5% to +7.7% | 44% | -15.6% to +10.2% | 0.0% |
| Day +6 | 9 | -2.7% | -16.8% to +10.8% | 44% | -17.3% to +12.3% | 0.0% |
| Day +7 | 9 | +5.4% | -18.9% to +13.7% | 56% | -19.5% to +18.2% | 0.0% |
| Day +8 | 9 | +1.3% | -15.6% to +9.4% | 56% | -17.2% to +16.2% | 0.0% |
| Day +9 | 9 | +2.3% | -10.7% to +8.7% | 56% | -17.2% to +18.4% | 0.0% |
| Day +10 | 9 | +1.8% | -1.8% to +15.2% | 56% | -16.6% to +16.9% | 0.0% |
Crosses above gamma max 6 completed Day +10 paths · latest May 6, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 6 | -1.3% | -1.7% to -0.1% | 33% | -6.1% to +1.3% | 0.0% |
| Day +2 | 6 | +0.2% | -6.9% to +1.6% | 67% | -16.9% to +5.3% | 0.0% |
| Day +3 | 6 | -2.6% | -10.7% to +0.5% | 33% | -16.5% to +3.9% | 0.0% |
| Day +4 | 6 | -4.7% | -13.6% to +2.8% | 50% | -21.6% to +6.7% | 0.0% |
| Day +5 | 6 | -4.9% | -12.0% to -0.7% | 17% | -19.0% to +10.6% | 0.0% |
| Day +6 | 6 | +3.6% | -6.1% to +7.6% | 67% | -16.9% to +13.4% | 0.0% |
| Day +7 | 6 | +1.5% | -1.8% to +8.8% | 67% | -21.9% to +22.7% | 0.0% |
| Day +8 | 6 | +4.4% | -3.6% to +11.8% | 67% | -24.5% to +30.8% | 0.0% |
| Day +9 | 6 | +0.5% | -3.3% to +7.5% | 50% | -27.3% to +27.5% | 0.0% |
| Day +10 | 6 | +1.1% | -7.4% to +7.1% | 67% | -26.3% to +55.7% | 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 | 2% |
| Gamma max crosses | 8 |
| Delta neutral crosses | 28 |
| Prior-year sessions closer to gamma max | 33.7% of 252 |
| Prior-year sessions closer to delta neutral | 40.9% of 252 |
| Open interest percentile (1y) | 97th |
| Daily open interest change versus prior year | -1.00σ (-125,954 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +4.6% |
| Open interest change, 21 sessions | +12.1% |
| History available | Apr 2, 2025 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 81.36 vs 80.21 (+1.4%)
- closed below delta neutral at 79.88 vs 82.51 (-3.3%)
- closed above delta neutral at 83.35 vs 83.04 (+0.4%)
- closed below delta neutral at 82.98 vs 83.78 (-1.0%)
- closed above delta neutral at 84.56 vs 83.49 (+1.3%)
- closed below delta neutral at 81.85 vs 83.40 (-1.9%)
- closed below gamma max at 106.29 vs 112.86 (-6.2%)
- closed above gamma max at 107.73 vs 103.88 (+3.6%)
- closed above delta neutral at 73.90 vs 70.13 (+5.1%)
- closed below delta neutral at 71.88 vs 74.05 (-3.0%)
In today's screens
Neighbours by open interest
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Canonical source: https://halfonadouble.com/stock/CRWV
Questions people ask about CRWV
Where is CRWV's gamma max today?
As of Oct 2, 2026, the gamma max for CRWV is 102.90, +14.8% from the 89.62 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 CRWV above or below its delta neutral price?
CRWV closed above delta neutral: 89.62 against a delta neutral price of 82.59. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does CRWV have?
2,455,379 contracts of open interest across 1,370 listed contracts on Oct 2, 2026, -4.9% 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.