Data through close

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

As of close · rank #115 by open interest · 1,394 sessions of history since Dec 1, 2020

DKNG's nearest-expiration max pain is 19.00 for 2026-10-09, its GEX flip is 16.57, net GEX is 7,574,239, its put/call open-interest ratio is 0.32. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
18.59
prev 19.35
Gamma max
27.30
+46.9% from close
Delta neutral
19.79
+6.5% from close
Gamma neutral
16.57
-10.9% from close
Open interest
877,036
-3.9% vs prev
Contracts listed
475
303 calls · 199 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
19.00
+2.2% from close
2026-10-09
GEX flip
16.57
-10.9% from close
Net GEX
7,574,239
863,618 per 100k OI
Call wall
30.00
+61.4% from close
Put wall
20.00
+7.6% from close
Put/call OI
0.32
212,372 puts / 664,664 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
42.1
cross-sectional score / 100
Directional score
20.3
relatively bullish positioning
IV rank
100.0
within trailing 52-week range
Front / back ATM IV
+59.4% / +68.7%
-9.4 pp front premium
Expected move
+8.2%
7 DTE · one standard deviation
ATM straddle / spot
+6.3%
front-window midpoint premium
25Δ risk reversal
-1.8 pp
put IV minus call IV
IV butterfly
1.4 pp
front-window smile convexity
Volume / open interest
0.06
59,081 contracts traded
Normalized net delta
-0.034
option-holder convention
Modeled dealer delta
0.034
opposite-side scenario
Vanna / 100k OI
3,804
volatility-sensitive delta
Charm / 100k OI
-21,469
time-decay-sensitive delta
IV surface range
46.1 pp
published contour maximum minus minimum

Strongest relative signals: IV rank 100

Download the complete dated analysis JSON .

DKNG closed 46.9% below its gamma max of 27.30. It is 6.5% below the delta neutral price of 19.79. Total open interest is 877,036, -3.9% versus the previous session. Its options catalyst-intensity score is 42.1 out of 100, led by 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.

DKNG call and put open interest changes
Measure Value
Call OI change, 1 session -27,980 contracts · -4.0%
Put OI change, 1 session -7,915 contracts · -3.6%
Call minus put OI growth, 1 session -0.4 pp
Call OI change, 5 sessions +17,959 contracts · +2.8%
Put OI change, 5 sessions +6,888 contracts · +3.4%
Call minus put OI growth, 5 sessions -0.6 pp
Daily call OI change surprise -0.85σ (252 prior changes)
Daily put OI change surprise -0.62σ (252 prior changes)
Daily call-minus-put growth surprise -0.25σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
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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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 33 completed Day +10 paths · latest Jun 12, 2026
DKNG returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -20.0% -10.0% 0% +10.0% +20.0% Cross on Dec 18, 2020 Cross on Feb 5, 2021 Cross on Mar 2, 2021 Cross on Mar 15, 2021 Cross on Mar 22, 2021 Cross on Jun 9, 2021 Cross on Aug 13, 2021 Cross on Aug 31, 2021 Cross on Sep 9, 2021 Cross on Aug 4, 2022 Cross on Aug 8, 2022 Cross on Sep 16, 2022 Cross on Feb 3, 2023 Cross on Feb 8, 2023 Cross on Feb 21, 2023 Cross on May 8, 2023 Cross on Jul 11, 2023 Cross on Jul 14, 2023 Cross on Nov 9, 2023 Cross on Nov 20, 2023 Cross on Jan 22, 2024 Cross on Feb 13, 2024 Cross on Mar 22, 2024 Cross on May 16, 2024 Cross on Sep 13, 2024 Cross on Sep 27, 2024 Cross on Jan 22, 2025 Cross on Feb 19, 2025 Cross on Jun 23, 2025 Cross on Jun 25, 2025 Cross on Jul 14, 2025 Cross on Jun 2, 2026 Cross on Jun 12, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
DKNG historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 33 -0.9% -1.9% to +0.9% 45% -1.5% to +0.5% 0.0%
Day +2 33 +0.4% -4.6% to +3.0% 52% -2.7% to +2.2% 0.0%
Day +3 33 -0.2% -7.3% to +1.0% 45% -3.9% to +0.4% 0.0%
Day +4 33 -2.7% -6.1% to +2.5% 36% -5.8% to +0.2% 0.0%
Day +5 33 -2.8% -5.8% to +3.9% 42% -4.8% to +1.7% 0.0%
Day +6 33 -1.1% -6.3% to +3.5% 45% -5.2% to +1.3% 0.0%
Day +7 33 -1.6% -7.8% to +5.3% 42% -5.5% to +2.4% 0.0%
Day +8 33 -0.8% -8.8% to +6.2% 48% -4.6% to +3.1% 0.0%
Day +9 33 -1.2% -6.1% to +5.6% 39% -3.9% to +1.3% 0.0%
Day +10 33 -0.8% -7.3% to +6.0% 48% -5.5% to +3.7% 0.0%
Crosses above gamma max 35 completed Day +10 paths · latest Jun 10, 2026
DKNG returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -18.0% -9.0% 0% +9.0% +18.0% Cross on Dec 16, 2020 Cross on Feb 2, 2021 Cross on Mar 1, 2021 Cross on Mar 10, 2021 Cross on Mar 19, 2021 Cross on Jun 7, 2021 Cross on Aug 12, 2021 Cross on Aug 24, 2021 Cross on Sep 1, 2021 Cross on Aug 3, 2022 Cross on Aug 5, 2022 Cross on Sep 15, 2022 Cross on Feb 1, 2023 Cross on Feb 7, 2023 Cross on Feb 17, 2023 Cross on May 5, 2023 Cross on Jul 10, 2023 Cross on Jul 13, 2023 Cross on Nov 10, 2023 Cross on Jan 19, 2024 Cross on Feb 2, 2024 Cross on Mar 20, 2024 Cross on May 15, 2024 Cross on Sep 11, 2024 Cross on Sep 25, 2024 Cross on Jan 21, 2025 Cross on Feb 14, 2025 Cross on Jun 18, 2025 Cross on Jun 24, 2025 Cross on Jul 10, 2025 Cross on Dec 4, 2025 Cross on Mar 3, 2026 Cross on Apr 1, 2026 Cross on Jun 1, 2026 Cross on Jun 10, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
DKNG historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 35 +0.3% -2.2% to +2.6% 54% -0.4% to +1.4% 0.0%
Day +2 35 +0.3% -2.3% to +2.4% 51% -1.3% to +1.8% 0.0%
Day +3 35 -0.4% -4.2% to +3.2% 46% -1.0% to +2.3% 0.0%
Day +4 35 -0.7% -5.0% to +4.7% 46% -2.5% to +2.9% 0.0%
Day +5 35 -1.0% -5.9% to +4.5% 46% -4.3% to +2.0% 0.0%
Day +6 35 +0.3% -6.2% to +4.7% 51% -3.1% to +2.1% 0.0%
Day +7 35 +0.4% -5.8% to +4.2% 51% -2.9% to +2.1% 0.0%
Day +8 35 +1.1% -7.5% to +5.7% 51% -2.1% to +3.6% 0.0%
Day +9 35 +0.7% -5.3% to +7.3% 57% -1.1% to +4.4% 0.0%
Day +10 35 -0.4% -5.2% to +6.8% 46% -1.9% to +3.1% 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

DKNG trailing historical statistics
Sessions closed above gamma max 3%
Gamma max crosses 10
Delta neutral crosses 24
Prior-year sessions closer to gamma max 98.8% of 252
Prior-year sessions closer to delta neutral 52.8% of 252
Open interest percentile (1y) 69th
Daily open interest change versus prior year -0.81σ (-35,895 contracts; 252 prior changes)
Open interest change, 5 sessions +2.9%
Open interest change, 21 sessions +1.1%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed below delta neutral at 19.59 vs 20.28 (-3.5%)
  2. closed above delta neutral at 22.17 vs 22.05 (+0.5%)
  3. closed below delta neutral at 21.76 vs 21.80 (-0.2%)
  4. closed below gamma max at 29.11 vs 29.59 (-1.6%)
  5. closed above gamma max at 28.82 vs 28.69 (+0.4%)
  6. closed below gamma max at 25.26 vs 25.70 (-1.7%)
  7. closed above gamma max at 26.36 vs 25.57 (+3.0%)
  8. closed above delta neutral at 23.18 vs 22.38 (+3.5%)
  9. closed below delta neutral at 22.47 vs 22.48 (-0.0%)
  10. closed above delta neutral at 22.97 vs 22.69 (+1.2%)

In today's screens

Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/DKNG

Questions people ask about DKNG

Where is DKNG's gamma max today?

As of Oct 2, 2026, the gamma max for DKNG is 27.30, +46.9% from the 18.59 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 DKNG above or below its delta neutral price?

DKNG closed below delta neutral: 18.59 against a delta neutral price of 19.79. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does DKNG have?

877,036 contracts of open interest across 475 listed contracts on Oct 2, 2026, -3.9% 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.