Data through close

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

As of close · rank #69 by open interest · 1,409 sessions of history since Dec 1, 2020

GOOG's nearest-expiration max pain is 335.00 for 2026-10-30, its GEX flip is 319.34, net GEX is -4,046,089, its put/call open-interest ratio is 0.73. These are whole-chain derived aggregates as of Oct 23, 2026 close.

GOOG max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
335.00
+5.6% from close
Expiry: 2026-10-30
GEX flip
319.34
+0.7% from close
Net GEX
-4,046,089
-254,906 per 100k OI
Call wall
350.00
+10.3% from close
Put wall
300.00
-5.4% from close
Put/call OI
0.73
671,057 puts / 916,229 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
317.28
prev 320.76
Gamma max
379.45
+19.6% from close
Delta neutral
320.08
+0.9% from close
Gamma neutral
319.34
+0.7% from close
Open interest
1,587,286
-5.2% vs prev
Contracts listed
1,674
1,073 calls · 895 puts

Advanced options analysis

Public aggregate 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
53.9
cross-sectional score / 100
Directional score
-1.5
mixed positioning
IV rank
31.2
within trailing 52-week range
Front IV premium
24.2 pp
front minus back volatility difference
25Δ risk reversal
1.5 pp
put IV minus call IV
IV butterfly
4.2 pp
front-window smile convexity
Volume / open interest
0.09
153,117 contracts traded
Normalized net delta
0.036
option-holder convention
Modeled dealer delta
-0.036
opposite-side scenario
Vanna / 100k OI
2,502
volatility-sensitive delta
Charm / 100k OI
2,404,000
time-decay-sensitive delta
IV surface range
80.4 pp
aggregate volatility dispersion

Strongest relative signals: front IV premium 24.2 pp · volume/OI 0.09

Download the dated aggregate analysis JSON .

GOOG closed 19.6% below its gamma max of 379.45. It is 0.9% below the delta neutral price of 320.08. Total open interest is 1,587,286, -5.2% versus the previous session. Its options catalyst-intensity score is 53.9 out of 100, led by front IV premium 24.2 pp, volume/OI 0.09. What gamma max means · What delta neutral means

Call versus put open interest changes

Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.

GOOG call and put open interest changes
Measure Value
Call OI change, 1 session -61,401 contracts · -6.3%
Put OI change, 1 session -25,840 contracts · -3.7%
Call minus put OI growth, 1 session -2.6 pp
Call OI change, 5 sessions +46,806 contracts · +5.4%
Put OI change, 5 sessions +25,273 contracts · +3.9%
Call minus put OI growth, 5 sessions +1.5 pp
Daily call OI change surprise -1.09σ (252 prior changes)
Daily put OI change surprise -0.63σ (252 prior changes)
Daily call-minus-put growth surprise -1.53σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Daily ticker aggregates through 2026-10-23. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

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Swipe chart sideways to see the full range.

What followed prior gamma-max crosses?

Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.

Crosses below gamma max 16 completed Day +10 paths · latest May 4, 2026
GOOG returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -10.0% -5.0% 0% +5.0% +10.0% Cross on Jan 21, 2021 Cross on Feb 4, 2021 Cross on Apr 6, 2021 Cross on Apr 12, 2021 Cross on Mar 17, 2023 Cross on May 12, 2023 Cross on May 19, 2023 Cross on Jan 26, 2024 Cross on Apr 29, 2024 Cross on Dec 12, 2024 Cross on Dec 17, 2024 Cross on Sep 4, 2025 Cross on Sep 16, 2025 Cross on Nov 25, 2025 Cross on Apr 17, 2026 Cross on May 4, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
GOOG historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 16 +0.0% -1.1% to +1.1% 50% -1.0% to +1.1% 0.0%
Day +2 16 +0.4% -0.6% to +1.8% 69% -0.5% to +1.8% 0.0%
Day +3 16 +1.4% -0.6% to +2.1% 69% -0.5% to +1.9% 0.0%
Day +4 16 +0.8% -0.9% to +2.2% 63% -0.6% to +1.9% 0.0%
Day +5 16 +1.4% -0.2% to +2.0% 75% +0.2% to +1.9% +0.2%
Day +6 16 +1.1% -0.5% to +2.2% 63% -0.3% to +2.0% 0.0%
Day +7 16 +1.5% -1.2% to +3.0% 69% -1.1% to +2.9% 0.0%
Day +8 16 +2.0% -0.5% to +3.2% 69% -0.5% to +3.2% 0.0%
Day +9 16 +2.2% -1.5% to +4.0% 69% -1.1% to +3.6% 0.0%
Day +10 16 +2.3% -0.3% to +4.1% 75% +0.2% to +3.4% +0.2%
Crosses above gamma max 16 completed Day +10 paths · latest Apr 30, 2026
GOOG returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -10.0% -5.0% 0% +5.0% +10.0% Cross on Jan 20, 2021 Cross on Feb 3, 2021 Cross on Apr 5, 2021 Cross on Apr 9, 2021 Cross on Mar 16, 2023 Cross on May 11, 2023 Cross on May 18, 2023 Cross on Jan 25, 2024 Cross on Apr 26, 2024 Cross on Dec 10, 2024 Cross on Dec 16, 2024 Cross on Sep 3, 2025 Cross on Sep 15, 2025 Cross on Nov 24, 2025 Cross on Apr 14, 2026 Cross on Apr 30, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
GOOG historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 16 +0.2% -0.3% to +1.0% 56% -0.2% to +0.9% 0.0%
Day +2 16 +0.7% -0.6% to +1.2% 69% -0.6% to +1.1% 0.0%
Day +3 16 +0.6% -0.2% to +2.0% 69% -0.2% to +1.8% 0.0%
Day +4 16 +1.4% -0.0% to +3.2% 75% +0.5% to +3.1% +0.5%
Day +5 16 +0.6% -1.1% to +3.5% 63% -1.1% to +3.5% 0.0%
Day +6 16 +1.4% -0.4% to +2.6% 69% -0.3% to +2.2% 0.0%
Day +7 16 +1.1% -0.4% to +1.8% 69% -0.4% to +1.7% 0.0%
Day +8 16 +0.4% -0.5% to +3.3% 69% -0.2% to +3.2% 0.0%
Day +9 16 +1.6% -0.9% to +4.2% 69% -0.8% to +4.1% 0.0%
Day +10 16 +1.8% -1.4% to +5.3% 69% -1.3% to +5.1% 0.0%

Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.

Last 252 sessions

GOOG trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 6
Delta neutral crosses 7
Prior-year sessions closer to gamma max 99.2% of 252
Prior-year sessions closer to delta neutral 4.8% of 252
Open interest percentile (1y) 13th
Daily open interest change versus prior year -0.90σ (-87,241 contracts; 252 prior changes)
Open interest change, 5 sessions +4.8%
Open interest change, 21 sessions -11.2%
History available Dec 1, 2020 → Oct 23, 2026

Recent crosses

  1. closed below delta neutral at 320.76 vs 323.45 (-0.8%)
  2. closed above delta neutral at 332.60 vs 327.76 (+1.5%)
  3. closed below delta neutral at 318.34 vs 331.02 (-4.0%)
  4. closed below gamma max at 379.64 vs 387.91 (-2.2%)
  5. closed above gamma max at 381.94 vs 375.11 (+1.8%)
  6. closed below gamma max at 339.40 vs 341.78 (-0.7%)
  7. closed above gamma max at 330.53 vs 327.83 (+0.8%)
  8. closed above delta neutral at 286.90 vs 284.96 (+0.7%)
  9. closed below delta neutral at 289.20 vs 293.16 (-1.4%)
  10. closed above delta neutral at 303.94 vs 302.55 (+0.5%)

In today's screens

Neighbours by open interest

Cite or embed this snapshot

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Canonical source: https://halfonadouble.com/stock/GOOG

Questions people ask about GOOG

What is GOOG's max pain for the nearest expiration?

As of Oct 23, 2026 close, nearest-expiration max pain is 335.00 for the 2026-10-30 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do GOOG's gamma exposure and gamma flip show?

Signed net GEX is -4,046,089 as of Oct 23, 2026 close. The confirmed GEX flip is 319.34. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is GOOG's gamma max today?

As of Oct 23, 2026, the gamma max for GOOG is 379.45, +19.6% from the 317.28 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 GOOG above or below its delta neutral price?

GOOG closed below delta neutral: 317.28 against a delta neutral price of 320.08. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does GOOG have?

1,587,286 contracts of open interest across 1,674 listed contracts on Oct 23, 2026, -5.2% 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.