Data through close

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

As of close · rank #2734 by open interest · snapshot page

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EMA's nearest-expiration max pain is 45.00 for 2026-10-16, its GEX flip is 41.75, net GEX is 248,169, its put/call open-interest ratio is 0.13. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
48.03
prev 47.67
Gamma max
55.61
+15.8% from close
Delta neutral
43.70
-9.0% from close
Gamma neutral
41.75
-13.1% from close
Open interest
3,883
+5.5% vs prev
Contracts listed
24
16 calls · 8 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
45.00
-6.3% from close
2026-10-16
GEX flip
41.75
-13.1% from close
Net GEX
248,169
6,391,156 per 100k OI
Call wall
55.00
+14.5% from close
Put wall
45.00
-6.3% from close
Put/call OI
0.13
432 puts / 3,451 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
13.1
within trailing 52-week range
Front / back ATM IV
+20.2% / +30.5%
-10.3 pp front premium
Expected move
+4.0%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
-44.8 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
23 contracts traded
Normalized net delta
0.070
option-holder convention
Modeled dealer delta
-0.070
opposite-side scenario
Vanna / 100k OI
4,069
volatility-sensitive delta
Charm / 100k OI
-1,352,614
time-decay-sensitive delta
IV surface range
95.5 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

EMA closed 15.8% below its gamma max of 55.61. It is 9.0% above the delta neutral price of 43.70. Total open interest is 3,883, +5.5% versus the previous session. What gamma max means · What delta neutral means

History

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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In today's screens

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Neighbours by open interest

← PLRX (#2733) APPF (#2735) →

Questions people ask about EMA

Where is EMA's gamma max today?

As of Oct 2, 2026, the gamma max for EMA is 55.61, +15.8% from the 48.03 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 EMA above or below its delta neutral price?

EMA closed above delta neutral: 48.03 against a delta neutral price of 43.70. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does EMA have?

3,883 contracts of open interest across 24 listed contracts on Oct 2, 2026, +5.5% 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.