DELL max pain, gamma exposure (GEX) & options open interest
As of close · rank #156 by open interest · 1,390 sessions of history since Dec 1, 2020
DELL's nearest-expiration max pain is 537.50 for 2026-10-09, its GEX flip is 524.48, net GEX is 7,951,162, its put/call open-interest ratio is 1.44. 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 0.17
DELL closed 10.7% below its gamma max of 622.28. It is 10.3% above the delta neutral price of 504.33. Total open interest is 655,384, -9.9% versus the previous session. Its options catalyst-intensity score is 48.5 out of 100, led by volume/OI 0.17. 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 | -28,883 contracts · -9.7% |
| Put OI change, 1 session | -42,879 contracts · -10.0% |
| Call minus put OI growth, 1 session | +0.3 pp |
| Call OI change, 5 sessions | +4,212 contracts · +1.6% |
| Put OI change, 5 sessions | -15,375 contracts · -3.8% |
| Call minus put OI growth, 5 sessions | +5.4 pp |
| Daily call OI change surprise | -1.53σ (248 prior changes) |
| Daily put OI change surprise | -1.94σ (248 prior changes) |
| Daily call-minus-put growth surprise | +0.12σ (248 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 42 completed Day +10 paths · latest Sep 4, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 42 | +0.3% | -1.2% to +2.4% | 57% | -0.2% to +1.5% | 0.0% |
| Day +2 | 42 | -0.5% | -1.8% to +2.3% | 45% | -1.3% to +0.9% | 0.0% |
| Day +3 | 42 | -0.2% | -1.6% to +3.0% | 48% | -1.1% to +1.2% | 0.0% |
| Day +4 | 42 | -0.2% | -2.3% to +4.7% | 50% | -1.9% to +2.6% | 0.0% |
| Day +5 | 42 | +1.2% | -3.1% to +6.1% | 60% | -0.8% to +2.8% | 0.0% |
| Day +6 | 42 | +1.0% | -3.6% to +4.9% | 60% | -1.4% to +3.7% | 0.0% |
| Day +7 | 42 | +1.7% | -2.0% to +5.5% | 64% | +0.4% to +2.3% | +0.4% |
| Day +8 | 42 | +1.4% | -2.4% to +5.7% | 62% | -0.0% to +3.2% | 0.0% |
| Day +9 | 42 | +1.4% | -2.1% to +6.3% | 64% | +0.1% to +3.7% | +0.1% |
| Day +10 | 42 | +2.0% | -1.4% to +7.5% | 64% | +0.1% to +6.3% | +0.1% |
Crosses above gamma max 44 completed Day +10 paths · latest Sep 3, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 44 | -0.5% | -1.9% to +1.1% | 36% | -1.6% to 0.0% | 0.0% |
| Day +2 | 44 | -1.1% | -2.7% to +2.7% | 41% | -1.4% to +0.2% | 0.0% |
| Day +3 | 44 | -1.1% | -3.3% to +1.9% | 43% | -2.2% to +0.5% | 0.0% |
| Day +4 | 44 | -1.4% | -3.4% to +2.5% | 43% | -2.4% to +1.1% | 0.0% |
| Day +5 | 44 | -0.5% | -3.9% to +2.6% | 45% | -2.8% to +1.3% | 0.0% |
| Day +6 | 44 | -0.4% | -3.8% to +3.9% | 50% | -3.1% to +2.5% | 0.0% |
| Day +7 | 44 | -0.3% | -5.6% to +4.3% | 45% | -2.7% to +1.3% | 0.0% |
| Day +8 | 44 | -0.4% | -4.2% to +4.1% | 43% | -1.4% to +1.4% | 0.0% |
| Day +9 | 44 | +0.4% | -3.5% to +4.0% | 52% | -1.7% to +2.2% | 0.0% |
| Day +10 | 44 | +0.9% | -3.2% to +5.2% | 55% | -1.4% to +2.7% | 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 | 5% |
| Gamma max crosses | 20 |
| Delta neutral crosses | 8 |
| Prior-year sessions closer to gamma max | 49.2% of 252 |
| Prior-year sessions closer to delta neutral | 61.5% of 252 |
| Open interest percentile (1y) | 76th |
| Daily open interest change versus prior year | -1.80σ (-71,762 contracts; 252 prior changes) |
| Open interest change, 5 sessions | -1.7% |
| Open interest change, 21 sessions | -15.3% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 524.00 vs 565.17 (-7.9%)
- closed above gamma max at 515.01 vs 509.80 (+1.0%)
- closed below gamma max at 434.34 vs 494.26 (-13.8%)
- closed above gamma max at 420.91 vs 400.10 (+4.9%)
- closed below gamma max at 305.08 vs 309.01 (-1.3%)
- closed above gamma max at 295.20 vs 291.27 (+1.3%)
- closed below gamma max at 247.12 vs 260.22 (-5.3%)
- closed above gamma max at 260.46 vs 252.35 (+3.1%)
- closed below gamma max at 230.29 vs 239.23 (-3.9%)
- closed above gamma max at 239.04 vs 233.50 (+2.3%)
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/DELL
Questions people ask about DELL
Where is DELL's gamma max today?
As of Oct 2, 2026, the gamma max for DELL is 622.28, +10.7% from the 562.22 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 DELL above or below its delta neutral price?
DELL closed above delta neutral: 562.22 against a delta neutral price of 504.33. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does DELL have?
655,384 contracts of open interest across 2,393 listed contracts on Oct 2, 2026, -9.9% 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.