DJT max pain, gamma exposure (GEX) & options open interest
As of close · rank #200 by open interest · 561 sessions of history since Mar 26, 2024
DJT's nearest-expiration max pain is 9.00 for 2026-10-09, its GEX flip is 8.38, net GEX is 4,362,276, its put/call open-interest ratio is 0.63. 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 49.5 pp · IV rank 100
DJT closed 20.6% below its gamma max of 10.75. It is 0.2% above the delta neutral price of 8.90. Total open interest is 498,154, -2.5% versus the previous session. Its options catalyst-intensity score is 53.6 out of 100, led by smile convexity 49.5 pp, IV rank 100. 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 | -8,762 contracts · -2.8% |
| Put OI change, 1 session | -4,156 contracts · -2.1% |
| Call minus put OI growth, 1 session | -0.7 pp |
| Call OI change, 5 sessions | +13,003 contracts · +4.4% |
| Put OI change, 5 sessions | -23 contracts · -0.0% |
| Call minus put OI growth, 5 sessions | +4.4 pp |
| Daily call OI change surprise | -0.41σ (252 prior changes) |
| Daily put OI change surprise | -0.26σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.17σ (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 above gamma max 7 completed Day +10 paths · latest Jul 15, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 7 | -2.4% | -3.0% to +3.6% | 43% | -9.7% to +21.6% | 0.0% |
| Day +2 | 7 | +0.9% | -3.6% to +6.2% | 71% | -13.2% to +32.2% | 0.0% |
| Day +3 | 7 | 0.0% | -4.0% to +1.6% | 43% | -18.0% to +2.7% | 0.0% |
| Day +4 | 7 | -3.7% | -8.7% to +0.7% | 29% | -18.2% to +5.9% | 0.0% |
| Day +5 | 7 | -6.5% | -13.6% to +0.5% | 29% | -21.5% to +6.6% | 0.0% |
| Day +6 | 7 | -7.1% | -11.0% to +2.1% | 29% | -28.0% to +14.8% | 0.0% |
| Day +7 | 7 | -8.3% | -11.7% to +0.7% | 29% | -26.7% to +19.9% | 0.0% |
| Day +8 | 7 | -2.5% | -7.3% to +6.2% | 29% | -21.8% to +16.7% | 0.0% |
| Day +9 | 7 | -4.6% | -16.6% to +11.3% | 43% | -28.9% to +30.1% | 0.0% |
| Day +10 | 7 | +2.9% | -14.1% to +18.0% | 57% | -22.3% to +58.1% | 0.0% |
Crosses below gamma max 5 completed Day +10 paths · latest Jul 2, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 5 | +3.8% | +1.4% to +4.2% | 80% | -11.1% to +8.8% | 0.0% |
| Day +2 | 5 | -4.8% | -15.5% to +3.6% | 40% | -16.0% to +4.2% | 0.0% |
| Day +3 | 5 | -0.6% | -16.2% to -0.3% | 20% | -25.4% to +1.7% | 0.0% |
| Day +4 | 5 | -9.6% | -18.3% to -3.8% | 20% | -35.5% to +0.1% | 0.0% |
| Day +5 | 5 | -14.6% | -26.2% to -6.9% | 0% | -27.5% to 0.0% | 0.0% |
| Day +6 | 5 | -14.7% | -25.0% to -5.1% | 0% | -28.3% to -0.2% | -0.2% |
| Day +7 | 5 | -16.9% | -19.9% to +1.0% | 40% | -24.2% to +5.7% | 0.0% |
| Day +8 | 5 | -21.1% | -24.9% to -7.0% | 20% | -41.5% to +12.1% | 0.0% |
| Day +9 | 5 | -20.4% | -23.7% to -6.9% | 20% | -32.6% to +12.8% | 0.0% |
| Day +10 | 5 | -18.5% | -23.0% to -7.1% | 20% | -29.5% to +13.1% | 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 | 2% |
| Gamma max crosses | 6 |
| Delta neutral crosses | 28 |
| Prior-year sessions closer to gamma max | 49.2% of 252 |
| Prior-year sessions closer to delta neutral | 0.8% of 252 |
| Open interest percentile (1y) | 38th |
| Daily open interest change versus prior year | -0.38σ (-12,918 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.7% |
| Open interest change, 21 sessions | -10.7% |
| History available | Mar 26, 2024 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 8.91 vs 8.90 (+0.2%)
- closed below delta neutral at 8.79 vs 8.84 (-0.6%)
- closed above delta neutral at 8.68 vs 8.63 (+0.6%)
- closed below delta neutral at 8.58 vs 8.60 (-0.2%)
- closed above delta neutral at 8.51 vs 8.48 (+0.4%)
- closed below delta neutral at 8.27 vs 8.44 (-2.1%)
- closed below gamma max at 9.66 vs 10.75 (-11.3%)
- closed above gamma max at 9.57 vs 9.35 (+2.3%)
- closed below gamma max at 8.54 vs 9.20 (-7.7%)
- closed above delta neutral at 8.02 vs 7.87 (+1.9%)
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/DJT
Questions people ask about DJT
Where is DJT's gamma max today?
As of Oct 2, 2026, the gamma max for DJT is 10.75, +20.6% from the 8.91 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 DJT above or below its delta neutral price?
DJT closed above delta neutral: 8.91 against a delta neutral price of 8.90. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does DJT have?
498,154 contracts of open interest across 364 listed contracts on Oct 2, 2026, -2.5% 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.