Data through close

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

As of close · rank #972 by open interest · snapshot page

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EWG's nearest-expiration max pain is 42.00 for 2026-10-16, its GEX flip is 44.12, net GEX is -7,485,536, its put/call open-interest ratio is 2.03. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
41.30
prev 40.82
Gamma max
46.81
+13.4% from close
Delta neutral
42.42
+2.7% from close
Gamma neutral
44.12
+6.8% from close
Open interest
52,365
-0.6% vs prev
Contracts listed
183
89 calls · 105 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
42.00
+1.7% from close
2026-10-16
GEX flip
44.12
+6.8% from close
Net GEX
-7,485,536
-14,294,921 per 100k OI
Call wall
44.00
+6.5% from close
Put wall
40.00
-3.1% from close
Put/call OI
2.03
35,067 puts / 17,298 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
23.8
within trailing 52-week range
Front / back ATM IV
+20.4% / +20.1%
0.4 pp front premium
Expected move
+4.0%
14 DTE · one standard deviation
ATM straddle / spot
+3.2%
front-window midpoint premium
25Δ risk reversal
-12.5 pp
put IV minus call IV
IV butterfly
-0.9 pp
front-window smile convexity
Volume / open interest
0.00
167 contracts traded
Normalized net delta
-0.083
option-holder convention
Modeled dealer delta
0.083
opposite-side scenario
Vanna / 100k OI
3,176
volatility-sensitive delta
Charm / 100k OI
190,885
time-decay-sensitive delta
IV surface range
137.8 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

EWG closed 13.4% below its gamma max of 46.81. It is 2.7% below the delta neutral price of 42.42. Total open interest is 52,365, -0.6% 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

Neighbours by open interest

← KBH (#971) BOIL (#973) →

Questions people ask about EWG

Where is EWG's gamma max today?

As of Oct 2, 2026, the gamma max for EWG is 46.81, +13.4% from the 41.30 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 EWG above or below its delta neutral price?

EWG closed below delta neutral: 41.30 against a delta neutral price of 42.42. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does EWG have?

52,365 contracts of open interest across 183 listed contracts on Oct 2, 2026, -0.6% 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.