Data through close

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

As of close · rank #4048 by open interest · snapshot page

DEM's nearest-expiration max pain is 54.00 for 2026-10-16, net GEX is 62,733, its put/call open-interest ratio is 0.20. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
55.42
prev 54.90
Gamma max
61.85
+11.6% from close
Delta neutral
53.66
-3.2% from close
Gamma neutral
55.42
0.0% from close
Open interest
519
+4.4% vs prev
Contracts listed
41
20 calls · 21 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
54.00
-2.6% from close
2026-10-16
GEX flip
–
Net GEX
62,733
12,087,378 per 100k OI
Call wall
64.00
+15.5% from close
Put wall
56.00
+1.0% from close
Put/call OI
0.20
85 puts / 434 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
10.7
within trailing 52-week range
Front / back ATM IV
+25.5% / +15.7%
9.7 pp front premium
Expected move
+5.0%
14 DTE · one standard deviation
ATM straddle / spot
–
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
0.080
option-holder convention
Modeled dealer delta
-0.079
opposite-side scenario
Vanna / 100k OI
1,156
volatility-sensitive delta
Charm / 100k OI
-283,815
time-decay-sensitive delta
IV surface range
36.9 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

DEM closed 11.6% below its gamma max of 61.85. It is 3.2% above the delta neutral price of 53.66. Total open interest is 519, +4.4% 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

Questions people ask about DEM

Where is DEM's gamma max today?

As of Oct 2, 2026, the gamma max for DEM is 61.85, +11.6% from the 55.42 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 DEM above or below its delta neutral price?

DEM closed above delta neutral: 55.42 against a delta neutral price of 53.66. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does DEM have?

519 contracts of open interest across 41 listed contracts on Oct 2, 2026, +4.4% 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.