CXW max pain, gamma exposure (GEX) & options open interest
As of close · rank #537 by open interest · 1,394 sessions of history since Dec 1, 2020
CXW's nearest-expiration max pain is 33.00 for 2026-10-16, its GEX flip is 23.33, net GEX is 6,777,496, its put/call open-interest ratio is 0.59. 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 3.70σ · 14d expected move +9.1%
CXW closed 1.8% below its gamma max of 34.04. It is 15.6% above the delta neutral price of 28.22. Total open interest is 132,000, +22.4% versus the previous session. Its options catalyst-intensity score is 38.2 out of 100, led by OI change 3.70σ, 14d expected move +9.1%. 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 | +24,064 contracts · +40.8% |
| Put OI change, 1 session | +82 contracts · +0.2% |
| Call minus put OI growth, 1 session | +40.6 pp |
| Call OI change, 5 sessions | +25,351 contracts · +43.9% |
| Put OI change, 5 sessions | +3,287 contracts · +7.2% |
| Call minus put OI growth, 5 sessions | +36.7 pp |
| Daily call OI change surprise | +4.20σ (252 prior changes) |
| Daily put OI change surprise | -0.04σ (252 prior changes) |
| Daily call-minus-put growth surprise | +3.15σ (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 53 completed Day +10 paths · latest Sep 18, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 53 | -0.3% | -2.0% to +1.4% | 43% | -1.2% to +0.2% | 0.0% |
| Day +2 | 53 | +0.3% | -2.3% to +1.5% | 53% | -0.9% to +0.6% | 0.0% |
| Day +3 | 53 | +0.2% | -2.6% to +2.8% | 57% | -1.4% to +1.8% | 0.0% |
| Day +4 | 53 | -0.4% | -2.7% to +2.7% | 42% | -1.2% to +0.9% | 0.0% |
| Day +5 | 53 | -0.3% | -2.9% to +3.7% | 47% | -0.9% to +2.0% | 0.0% |
| Day +6 | 53 | +0.2% | -3.0% to +4.3% | 51% | -0.8% to +2.2% | 0.0% |
| Day +7 | 53 | +0.9% | -3.5% to +4.3% | 55% | -1.5% to +2.9% | 0.0% |
| Day +8 | 53 | +0.8% | -2.2% to +4.9% | 55% | -0.5% to +2.9% | 0.0% |
| Day +9 | 53 | +0.8% | -4.7% to +4.5% | 55% | -0.5% to +2.5% | 0.0% |
| Day +10 | 53 | +0.1% | -3.0% to +5.5% | 51% | -1.5% to +2.3% | 0.0% |
Crosses above gamma max 53 completed Day +10 paths · latest Sep 15, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 53 | -0.0% | -1.8% to +1.2% | 47% | -0.5% to +0.2% | 0.0% |
| Day +2 | 53 | -0.4% | -1.8% to +2.2% | 45% | -1.1% to +0.5% | 0.0% |
| Day +3 | 53 | 0.0% | -2.2% to +2.2% | 45% | -0.9% to +0.6% | 0.0% |
| Day +4 | 53 | +0.2% | -2.9% to +2.3% | 51% | -1.4% to +0.7% | 0.0% |
| Day +5 | 53 | -0.6% | -3.2% to +2.3% | 43% | -1.6% to +0.6% | 0.0% |
| Day +6 | 53 | -1.3% | -3.6% to +1.3% | 47% | -2.7% to +0.8% | 0.0% |
| Day +7 | 53 | -0.3% | -5.3% to +2.7% | 45% | -2.4% to +0.6% | 0.0% |
| Day +8 | 53 | -0.2% | -5.1% to +3.3% | 49% | -2.1% to +1.7% | 0.0% |
| Day +9 | 53 | -0.3% | -4.7% to +3.6% | 47% | -2.1% to +1.7% | 0.0% |
| Day +10 | 53 | -1.3% | -6.7% to +2.4% | 42% | -3.1% to +0.4% | 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 | 40% |
| Gamma max crosses | 38 |
| Delta neutral crosses | 4 |
| Prior-year sessions closer to gamma max | 27.0% of 252 |
| Prior-year sessions closer to delta neutral | 44.0% of 252 |
| Open interest percentile (1y) | 95th |
| Daily open interest change versus prior year | +3.70σ (24,146 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +27.7% |
| Open interest change, 21 sessions | +6.6% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 35.23 vs 36.96 (-4.9%)
- closed above gamma max at 35.38 vs 34.77 (+1.7%)
- closed below gamma max at 34.23 vs 34.67 (-1.3%)
- closed above gamma max at 34.93 vs 34.78 (+0.4%)
- closed below gamma max at 34.41 vs 34.46 (-0.2%)
- closed above gamma max at 34.71 vs 33.88 (+2.4%)
- closed below gamma max at 32.72 vs 33.37 (-2.0%)
- closed above gamma max at 33.84 vs 33.53 (+0.9%)
- closed below gamma max at 32.40 vs 33.14 (-2.3%)
- closed above gamma max at 33.58 vs 33.28 (+0.9%)
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/CXW
Questions people ask about CXW
Where is CXW's gamma max today?
As of Oct 2, 2026, the gamma max for CXW is 34.04, +1.8% from the 33.43 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 CXW above or below its delta neutral price?
CXW closed above delta neutral: 33.43 against a delta neutral price of 28.22. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does CXW have?
132,000 contracts of open interest across 192 listed contracts on Oct 2, 2026, +22.4% 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.