Data through close

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

As of close · rank #1520 by open interest · snapshot page

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DBC's nearest-expiration max pain is 31.00 for 2026-10-16, its GEX flip is 15.42, net GEX is 2,246,839, its put/call open-interest ratio is 0.36. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
32.54
prev 32.75
Gamma max
33.48
+2.9% from close
Delta neutral
28.29
-13.1% from close
Gamma neutral
15.42
-52.6% from close
Open interest
21,380
-0.2% vs prev
Contracts listed
117
94 calls · 64 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
31.00
-4.7% from close
2026-10-16
GEX flip
15.42
-52.6% from close
Net GEX
2,246,839
10,509,067 per 100k OI
Call wall
32.00
-1.7% from close
Put wall
31.00
-4.7% from close
Put/call OI
0.36
5,661 puts / 15,719 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
22.7
within trailing 52-week range
Front / back ATM IV
+31.6% / +25.4%
6.2 pp front premium
Expected move
+6.2%
14 DTE · one standard deviation
ATM straddle / spot
+4.4%
front-window midpoint premium
25Δ risk reversal
14.5 pp
put IV minus call IV
IV butterfly
-5.0 pp
front-window smile convexity
Volume / open interest
0.01
152 contracts traded
Normalized net delta
0.293
option-holder convention
Modeled dealer delta
-0.269
opposite-side scenario
Vanna / 100k OI
-3,134
volatility-sensitive delta
Charm / 100k OI
-25,215
time-decay-sensitive delta
IV surface range
170.3 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

DBC closed 2.9% below its gamma max of 33.48. It is 13.1% above the delta neutral price of 28.29. Total open interest is 21,380, -0.2% 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

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In today's screens

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Neighbours by open interest

← VLY (#1519) JNK (#1521) →

Questions people ask about DBC

Where is DBC's gamma max today?

As of Oct 2, 2026, the gamma max for DBC is 33.48, +2.9% from the 32.54 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 DBC above or below its delta neutral price?

DBC closed above delta neutral: 32.54 against a delta neutral price of 28.29. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does DBC have?

21,380 contracts of open interest across 117 listed contracts on Oct 2, 2026, -0.2% 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.