Data through close

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

As of close · rank #4323 by open interest · snapshot page

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ELS's nearest-expiration max pain is 60.00 for 2026-10-16, its GEX flip is 60.95, net GEX is -4,124, its put/call open-interest ratio is 0.88. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
58.25
prev 57.62
Gamma max
68.52
+17.6% from close
Delta neutral
56.52
-3.0% from close
Gamma neutral
60.95
+4.6% from close
Open interest
294
+0.3% vs prev
Contracts listed
25
17 calls · 9 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
60.00
+3.0% from close
2026-10-16
GEX flip
60.95
+4.6% from close
Net GEX
-4,124
-1,402,669 per 100k OI
Call wall
65.00
+11.6% from close
Put wall
60.00
+3.0% from close
Put/call OI
0.88
138 puts / 156 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
58.5
within trailing 52-week range
Front / back ATM IV
+28.4% / +26.4%
1.9 pp front premium
Expected move
+5.6%
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
0.12
35 contracts traded
Normalized net delta
0.077
option-holder convention
Modeled dealer delta
-0.077
opposite-side scenario
Vanna / 100k OI
1,701
volatility-sensitive delta
Charm / 100k OI
0
time-decay-sensitive delta
IV surface range
73.8 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

ELS closed 17.6% below its gamma max of 68.52. It is 3.0% above the delta neutral price of 56.52. Total open interest is 294, +0.3% versus the previous session. What gamma max means · What delta neutral means

History

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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

← XBOX (#4322) RGTU (#4324) →

Questions people ask about ELS

Where is ELS's gamma max today?

As of Oct 2, 2026, the gamma max for ELS is 68.52, +17.6% from the 58.25 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 ELS above or below its delta neutral price?

ELS closed above delta neutral: 58.25 against a delta neutral price of 56.52. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ELS have?

294 contracts of open interest across 25 listed contracts on Oct 2, 2026, +0.3% 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.