CVE max pain, gamma exposure (GEX) & options open interest
As of close · rank #519 by open interest · 1,394 sessions of history since Dec 1, 2020
CVE's nearest-expiration max pain is 33.00 for 2026-10-16, its GEX flip is 30.96, net GEX is 3,299,486, its put/call open-interest ratio is 0.51. 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: OI change 0.13σ · front IV premium -0.8 pp
CVE closed 8.5% below its gamma max of 35.15. It is 6.7% above the delta neutral price of 30.25. Total open interest is 137,448, +0.5% versus the previous session. Its options catalyst-intensity score is 54.7 out of 100, led by OI change 0.13σ, front IV premium -0.8 pp. 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 | +693 contracts · +0.8% |
| Put OI change, 1 session | +43 contracts · +0.1% |
| Call minus put OI growth, 1 session | +0.7 pp |
| Call OI change, 5 sessions | +1,991 contracts · +2.2% |
| Put OI change, 5 sessions | +7,569 contracts · +19.6% |
| Call minus put OI growth, 5 sessions | -17.4 pp |
| Daily call OI change surprise | +0.18σ (252 prior changes) |
| Daily put OI change surprise | +0.06σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.19σ (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 44 completed Day +10 paths · latest Aug 26, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 44 | -0.4% | -2.1% to +1.4% | 41% | -1.3% to +0.6% | 0.0% |
| Day +2 | 44 | -0.1% | -3.0% to +2.1% | 50% | -2.1% to +1.4% | 0.0% |
| Day +3 | 44 | +0.0% | -2.8% to +2.4% | 50% | -1.1% to +1.1% | 0.0% |
| Day +4 | 44 | +1.8% | -3.3% to +3.6% | 55% | -1.6% to +2.7% | 0.0% |
| Day +5 | 44 | +0.7% | -3.5% to +3.7% | 50% | -2.1% to +2.5% | 0.0% |
| Day +6 | 44 | +0.8% | -2.7% to +4.0% | 57% | -1.9% to +2.9% | 0.0% |
| Day +7 | 44 | +0.9% | -3.4% to +6.0% | 55% | -1.2% to +3.6% | 0.0% |
| Day +8 | 44 | +1.9% | -2.9% to +6.6% | 61% | -0.1% to +3.6% | 0.0% |
| Day +9 | 44 | +1.5% | -2.9% to +6.3% | 61% | -0.1% to +4.0% | 0.0% |
| Day +10 | 44 | +2.9% | -1.9% to +5.9% | 66% | +0.2% to +4.4% | +0.2% |
Crosses above gamma max 45 completed Day +10 paths · latest Aug 25, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 45 | +0.2% | -0.7% to +1.9% | 56% | -0.2% to +0.5% | 0.0% |
| Day +2 | 45 | +0.9% | -1.9% to +2.7% | 60% | -0.6% to +2.0% | 0.0% |
| Day +3 | 45 | +1.7% | -3.3% to +3.2% | 69% | +0.9% to +2.9% | +0.9% |
| Day +4 | 45 | +3.0% | -2.2% to +4.6% | 62% | -0.1% to +3.7% | 0.0% |
| Day +5 | 45 | +2.4% | -1.3% to +5.8% | 69% | +0.9% to +3.4% | +0.9% |
| Day +6 | 45 | +2.0% | -2.5% to +5.2% | 67% | +0.7% to +4.1% | +0.7% |
| Day +7 | 45 | +1.2% | -1.5% to +7.7% | 62% | -0.4% to +5.1% | 0.0% |
| Day +8 | 45 | +3.0% | -1.1% to +7.6% | 71% | +0.5% to +4.5% | +0.5% |
| Day +9 | 45 | +3.8% | -1.7% to +7.9% | 64% | +0.7% to +6.4% | +0.7% |
| Day +10 | 45 | +3.2% | -1.9% to +8.8% | 69% | +0.9% to +6.4% | +0.9% |
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 | 14% |
| Gamma max crosses | 22 |
| Delta neutral crosses | 0 |
| Prior-year sessions closer to gamma max | 62.7% of 252 |
| Prior-year sessions closer to delta neutral | 8.3% of 252 |
| Open interest percentile (1y) | 18th |
| Daily open interest change versus prior year | +0.13σ (736 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +7.5% |
| Open interest change, 21 sessions | -11.0% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 31.48 vs 33.71 (-7.1%)
- closed above gamma max at 30.76 vs 30.39 (+1.2%)
- closed below gamma max at 32.17 vs 32.49 (-1.0%)
- closed above gamma max at 32.48 vs 32.24 (+0.7%)
- closed below gamma max at 32.48 vs 32.57 (-0.3%)
- closed above gamma max at 32.52 vs 32.47 (+0.1%)
- closed below gamma max at 30.19 vs 30.26 (-0.2%)
- closed above gamma max at 30.32 vs 29.81 (+1.7%)
- closed below gamma max at 29.28 vs 29.55 (-0.9%)
- closed above gamma max at 29.72 vs 29.29 (+1.4%)
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/CVE
Questions people ask about CVE
Where is CVE's gamma max today?
As of Oct 2, 2026, the gamma max for CVE is 35.15, +8.5% from the 32.40 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 CVE above or below its delta neutral price?
CVE closed above delta neutral: 32.40 against a delta neutral price of 30.25. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does CVE have?
137,448 contracts of open interest across 210 listed contracts on Oct 2, 2026, +0.5% 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.