Data through close

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

As of close · rank #3017 by open interest · snapshot page

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ESS's nearest-expiration max pain is 270.00 for 2026-10-16, its GEX flip is 241.19, net GEX is 697,732, its put/call open-interest ratio is 0.25. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
268.65
prev 269.73
Gamma max
275.35
+2.5% from close
Delta neutral
259.91
-3.3% from close
Gamma neutral
241.19
-10.2% from close
Open interest
2,635
+0.0% vs prev
Contracts listed
91
42 calls · 50 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
270.00
+0.5% from close
2026-10-16
GEX flip
241.19
-10.2% from close
Net GEX
697,732
26,479,398 per 100k OI
Call wall
270.00
+0.5% from close
Put wall
280.00
+4.2% from close
Put/call OI
0.25
519 puts / 2,116 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
68.5
within trailing 52-week range
Front / back ATM IV
+22.2% / +21.9%
0.3 pp front premium
Expected move
+4.3%
14 DTE · one standard deviation
ATM straddle / spot
+3.0%
front-window midpoint premium
25Δ risk reversal
31.7 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
34 contracts traded
Normalized net delta
0.107
option-holder convention
Modeled dealer delta
-0.107
opposite-side scenario
Vanna / 100k OI
1,822
volatility-sensitive delta
Charm / 100k OI
-5,715,294
time-decay-sensitive delta
IV surface range
97.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

ESS closed 2.5% below its gamma max of 275.35. It is 3.3% above the delta neutral price of 259.91. Total open interest is 2,635, +0.0% 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

← CTEV (#3016) HBR (#3018) →

Questions people ask about ESS

Where is ESS's gamma max today?

As of Oct 2, 2026, the gamma max for ESS is 275.35, +2.5% from the 268.65 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 ESS above or below its delta neutral price?

ESS closed above delta neutral: 268.65 against a delta neutral price of 259.91. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ESS have?

2,635 contracts of open interest across 91 listed contracts on Oct 2, 2026, +0.0% 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.