Data through close

DAX max pain, gamma exposure (GEX) & options open interest

As of close · rank #4003 by open interest · snapshot page

Chart Download CSV JSON snapshot Advanced analysis

DAX's nearest-expiration max pain is 44.00 for 2026-10-16, its GEX flip is 50.07, net GEX is -165,797, its put/call open-interest ratio is 3.17. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
43.99
prev 43.43
Gamma max
53.11
+20.7% from close
Delta neutral
46.37
+5.4% from close
Gamma neutral
50.07
+13.8% from close
Open interest
550
+6.0% vs prev
Contracts listed
40
22 calls · 18 puts

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.

Nearest max pain
44.00
+0.0% from close
2026-10-16
GEX flip
50.07
+13.8% from close
Net GEX
-165,797
-30,144,860 per 100k OI
Call wall
44.00
+0.0% from close
Put wall
43.00
-2.3% from close
Put/call OI
3.17
418 puts / 132 calls

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.

Catalyst intensity
–
cross-sectional score / 100
Directional score
–
IV rank
21.1
within trailing 52-week range
Front / back ATM IV
+27.3% / +21.2%
6.1 pp front premium
Expected move
+5.3%
14 DTE · one standard deviation
ATM straddle / spot
+3.5%
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.00
0 contracts traded
Normalized net delta
-0.186
option-holder convention
Modeled dealer delta
0.184
opposite-side scenario
Vanna / 100k OI
1,091
volatility-sensitive delta
Charm / 100k OI
1,604,182
time-decay-sensitive delta
IV surface range
39.3 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

DAX closed 20.7% below its gamma max of 53.11. It is 5.4% below the delta neutral price of 46.37. Total open interest is 550, +6.0% versus the previous session. What gamma max means · What delta neutral means

History

Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

Chart loads when this section is in view.

In today's screens

Neighbours by open interest

← PPH (#4002) OPTT (#4004) →

Questions people ask about DAX

Where is DAX's gamma max today?

As of Oct 2, 2026, the gamma max for DAX is 53.11, +20.7% from the 43.99 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 DAX above or below its delta neutral price?

DAX closed below delta neutral: 43.99 against a delta neutral price of 46.37. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does DAX have?

550 contracts of open interest across 40 listed contracts on Oct 2, 2026, +6.0% 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.