Data through close

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

As of close · rank #977 by open interest · snapshot page

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ESTC's nearest-expiration max pain is 90.00 for 2026-10-16, its GEX flip is 34.55, net GEX is 2,121,686, its put/call open-interest ratio is 0.31. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
93.94
prev 92.31
Gamma max
98.85
+5.2% from close
Delta neutral
64.55
-31.3% from close
Gamma neutral
34.55
-63.2% from close
Open interest
51,550
+0.3% vs prev
Contracts listed
273
197 calls · 151 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
90.00
-4.2% from close
2026-10-16
GEX flip
34.55
-63.2% from close
Net GEX
2,121,686
4,115,782 per 100k OI
Call wall
100.00
+6.5% from close
Put wall
85.00
-9.5% from close
Put/call OI
0.31
12,114 puts / 39,436 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
14.9
within trailing 52-week range
Front / back ATM IV
+44.8% / +60.6%
-15.8 pp front premium
Expected move
+8.8%
14 DTE · one standard deviation
ATM straddle / spot
+6.4%
front-window midpoint premium
25Δ risk reversal
0.2 pp
put IV minus call IV
IV butterfly
3.9 pp
front-window smile convexity
Volume / open interest
0.01
426 contracts traded
Normalized net delta
0.493
option-holder convention
Modeled dealer delta
-0.488
opposite-side scenario
Vanna / 100k OI
-2,023
volatility-sensitive delta
Charm / 100k OI
-1,073,538
time-decay-sensitive delta
IV surface range
63.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

ESTC closed 5.2% below its gamma max of 98.85. It is 31.3% above the delta neutral price of 64.55. Total open interest is 51,550, +0.3% 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

← IVVD (#976) QLD (#978) →

Questions people ask about ESTC

Where is ESTC's gamma max today?

As of Oct 2, 2026, the gamma max for ESTC is 98.85, +5.2% from the 93.94 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 ESTC above or below its delta neutral price?

ESTC closed above delta neutral: 93.94 against a delta neutral price of 64.55. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ESTC have?

51,550 contracts of open interest across 273 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.