DIS max pain, gamma exposure (GEX) & options open interest
As of close · rank #174 by open interest · 1,394 sessions of history since Dec 1, 2020
DIS's nearest-expiration max pain is 103.00 for 2026-10-09, its GEX flip is 102.58, net GEX is -2,414,962, its put/call open-interest ratio is 0.66. 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: smile convexity 14.8 pp · 25Δ risk reversal -63.7 pp
DIS closed 11.1% below its gamma max of 113.56. It is 2.2% above the delta neutral price of 99.92. Total open interest is 590,690, -2.4% versus the previous session. Its options catalyst-intensity score is 47.5 out of 100, led by smile convexity 14.8 pp, 25Δ risk reversal -63.7 pp. 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 | -6,610 contracts · -1.8% |
| Put OI change, 1 session | -8,082 contracts · -3.3% |
| Call minus put OI growth, 1 session | +1.5 pp |
| Call OI change, 5 sessions | +7,275 contracts · +2.1% |
| Put OI change, 5 sessions | +2,965 contracts · +1.3% |
| Call minus put OI growth, 5 sessions | +0.8 pp |
| Daily call OI change surprise | -0.34σ (252 prior changes) |
| Daily put OI change surprise | -0.49σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.76σ (252 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 11 completed Day +10 paths · latest Jul 1, 2025
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 11 | +0.0% | -0.9% to +0.9% | 55% | -1.0% to +1.1% | 0.0% |
| Day +2 | 11 | +0.5% | -1.1% to +1.2% | 64% | -1.3% to +1.4% | 0.0% |
| Day +3 | 11 | -0.0% | -0.3% to +0.8% | 45% | -0.3% to +1.0% | 0.0% |
| Day +4 | 11 | +1.4% | -1.3% to +2.7% | 55% | -1.4% to +3.4% | 0.0% |
| Day +5 | 11 | +0.7% | -1.4% to +1.6% | 55% | -1.4% to +2.2% | 0.0% |
| Day +6 | 11 | -0.4% | -1.6% to +0.8% | 45% | -1.6% to +1.0% | 0.0% |
| Day +7 | 11 | -1.4% | -2.6% to +2.2% | 36% | -2.9% to +2.5% | 0.0% |
| Day +8 | 11 | -0.6% | -1.8% to +2.3% | 45% | -2.8% to +2.6% | 0.0% |
| Day +9 | 11 | -0.1% | -2.8% to +4.0% | 45% | -3.7% to +4.7% | 0.0% |
| Day +10 | 11 | -0.7% | -2.5% to +3.6% | 45% | -3.0% to +4.7% | 0.0% |
Crosses above gamma max 11 completed Day +10 paths · latest Jun 30, 2025
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 11 | -0.1% | -0.7% to +0.7% | 45% | -0.9% to +0.7% | 0.0% |
| Day +2 | 11 | -0.2% | -1.1% to +0.4% | 36% | -1.1% to +0.5% | 0.0% |
| Day +3 | 11 | -0.0% | -0.9% to +1.0% | 45% | -1.1% to +1.5% | 0.0% |
| Day +4 | 11 | -0.3% | -1.2% to +0.8% | 45% | -1.2% to +0.9% | 0.0% |
| Day +5 | 11 | -0.5% | -1.7% to +1.9% | 45% | -1.8% to +2.1% | 0.0% |
| Day +6 | 11 | -0.7% | -2.0% to +0.9% | 45% | -2.1% to +1.0% | 0.0% |
| Day +7 | 11 | -1.0% | -2.5% to +0.2% | 36% | -3.0% to +0.3% | 0.0% |
| Day +8 | 11 | -1.2% | -2.7% to +0.5% | 27% | -2.9% to +1.8% | 0.0% |
| Day +9 | 11 | -0.1% | -2.7% to +1.4% | 45% | -2.8% to +1.9% | 0.0% |
| Day +10 | 11 | +0.6% | -2.8% to +2.8% | 55% | -3.2% to +3.7% | 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 | 0% |
| Gamma max crosses | 0 |
| Delta neutral crosses | 30 |
| Prior-year sessions closer to gamma max | 50.8% of 252 |
| Prior-year sessions closer to delta neutral | 46.8% of 252 |
| Open interest percentile (1y) | 15th |
| Daily open interest change versus prior year | -0.41σ (-14,692 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +1.8% |
| Open interest change, 21 sessions | -12.0% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 96.64 vs 94.99 (+1.7%)
- closed below delta neutral at 95.88 vs 96.01 (-0.1%)
- closed above delta neutral at 99.74 vs 97.41 (+2.3%)
- closed below delta neutral at 97.36 vs 97.94 (-0.6%)
- closed above delta neutral at 99.50 vs 98.77 (+0.7%)
- closed below delta neutral at 98.26 vs 99.74 (-1.5%)
- closed above delta neutral at 101.68 vs 101.03 (+0.6%)
- closed below delta neutral at 101.38 vs 101.82 (-0.4%)
- closed above delta neutral at 108.21 vs 102.39 (+5.4%)
- closed below delta neutral at 100.08 vs 100.66 (-0.6%)
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/DIS
Questions people ask about DIS
Where is DIS's gamma max today?
As of Oct 2, 2026, the gamma max for DIS is 113.56, +11.1% from the 102.20 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 DIS above or below its delta neutral price?
DIS closed above delta neutral: 102.20 against a delta neutral price of 99.92. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does DIS have?
590,690 contracts of open interest across 620 listed contracts on Oct 2, 2026, -2.4% 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.