DHT max pain, gamma exposure (GEX) & options open interest
As of close · rank #467 by open interest · 1,394 sessions of history since Dec 1, 2020
DHT's nearest-expiration max pain is 21.00 for 2026-10-16, its GEX flip is 15.99, net GEX is 20,716,477, its put/call open-interest ratio is 0.34. 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 0.83σ · 14d expected move +10.8%
DHT closed 0.3% below its gamma max of 23.75. It is 16.8% above the delta neutral price of 19.70. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 163,650, +6.5% versus the previous session. Its options catalyst-intensity score is 47.1 out of 100, led by OI change 0.83σ, 14d expected move +10.8%. 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 | +9,044 contracts · +8.0% |
| Put OI change, 1 session | +880 contracts · +2.1% |
| Call minus put OI growth, 1 session | +5.9 pp |
| Call OI change, 5 sessions | +6,249 contracts · +5.4% |
| Put OI change, 5 sessions | +4,892 contracts · +13.2% |
| Call minus put OI growth, 5 sessions | -7.8 pp |
| Daily call OI change surprise | +0.89σ (252 prior changes) |
| Daily put OI change surprise | +0.30σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.70σ (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 60 completed Day +10 paths · latest Oct 2, 2026 fresh cross
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 61 | +0.6% | -1.3% to +2.2% | 56% | -0.6% to +1.2% | 0.0% |
| Day +2 | 61 | +0.5% | -1.9% to +2.3% | 54% | -0.8% to +1.2% | 0.0% |
| Day +3 | 61 | -0.7% | -3.4% to +3.1% | 43% | -1.4% to +0.7% | 0.0% |
| Day +4 | 61 | -0.4% | -2.8% to +2.8% | 44% | -1.7% to +1.3% | 0.0% |
| Day +5 | 61 | -0.2% | -2.8% to +3.8% | 48% | -1.5% to +1.6% | 0.0% |
| Day +6 | 61 | 0.0% | -3.1% to +4.2% | 48% | -1.7% to +2.2% | 0.0% |
| Day +7 | 61 | +0.7% | -4.8% to +3.6% | 57% | -1.3% to +1.4% | 0.0% |
| Day +8 | 61 | +0.3% | -4.0% to +4.8% | 52% | -1.9% to +1.5% | 0.0% |
| Day +9 | 61 | -0.1% | -4.9% to +5.5% | 49% | -2.2% to +2.1% | 0.0% |
| Day +10 | 60 | +0.1% | -4.6% to +4.3% | 50% | -2.0% to +1.8% | 0.0% |
Crosses above gamma max 61 completed Day +10 paths · latest Oct 1, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 62 | -0.5% | -1.6% to +0.6% | 37% | -1.0% to 0.0% | 0.0% |
| Day +2 | 61 | -0.3% | -2.3% to +1.7% | 46% | -1.0% to +0.7% | 0.0% |
| Day +3 | 61 | -0.4% | -2.6% to +2.7% | 44% | -1.8% to +1.2% | 0.0% |
| Day +4 | 61 | -0.7% | -3.9% to +2.6% | 46% | -3.1% to +0.9% | 0.0% |
| Day +5 | 61 | -1.3% | -4.1% to +3.4% | 44% | -2.1% to +1.2% | 0.0% |
| Day +6 | 61 | -0.9% | -4.7% to +4.0% | 41% | -2.7% to +0.6% | 0.0% |
| Day +7 | 61 | -0.7% | -4.9% to +4.8% | 44% | -2.0% to +1.2% | 0.0% |
| Day +8 | 61 | +0.1% | -5.4% to +4.6% | 51% | -3.2% to +2.3% | 0.0% |
| Day +9 | 61 | -1.3% | -5.8% to +4.8% | 46% | -3.9% to +1.9% | 0.0% |
| Day +10 | 61 | +0.2% | -6.4% to +4.5% | 51% | -1.8% to +2.0% | 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 | 18% |
| Gamma max crosses | 20 |
| Delta neutral crosses | 4 |
| Prior-year sessions closer to gamma max | 3.2% of 252 |
| Prior-year sessions closer to delta neutral | 80.6% of 252 |
| Open interest percentile (1y) | 84th |
| Daily open interest change versus prior year | +0.83σ (9,924 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +7.3% |
| Open interest change, 21 sessions | +44.1% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 23.68 vs 23.75 (-0.3%)
- closed above gamma max at 23.56 vs 23.51 (+0.2%)
- closed below gamma max at 22.45 vs 22.48 (-0.1%)
- closed above gamma max at 20.87 vs 20.54 (+1.6%)
- closed below gamma max at 19.82 vs 19.92 (-0.5%)
- closed above gamma max at 19.99 vs 19.54 (+2.2%)
- closed above delta neutral at 16.54 vs 16.37 (+1.0%)
- closed below delta neutral at 16.53 vs 16.63 (-0.6%)
- closed below gamma max at 19.41 vs 19.73 (-1.6%)
- closed above gamma max at 19.78 vs 19.49 (+1.5%)
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/DHT
Questions people ask about DHT
Where is DHT's gamma max today?
As of Oct 2, 2026, the gamma max for DHT is 23.75, +0.3% from the 23.68 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 DHT above or below its delta neutral price?
DHT closed above delta neutral: 23.68 against a delta neutral price of 19.70. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does DHT have?
163,650 contracts of open interest across 214 listed contracts on Oct 2, 2026, +6.5% 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.