Data through close

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

As of close · rank #4155 by open interest · snapshot page

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GOVT's nearest-expiration max pain is 22.00 for 2026-10-16, its GEX flip is 3.01, net GEX is 94,727, its put/call open-interest ratio is 0.31. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
21.81
prev 21.85
Gamma max
22.57
+3.5% from close
Delta neutral
21.22
-2.7% from close
Gamma neutral
3.01
-86.2% from close
Open interest
421
+0.7% vs prev
Contracts listed
20
13 calls · 7 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
22.00
+0.9% from close
2026-10-16
GEX flip
3.01
-86.2% from close
Net GEX
94,727
22,500,493 per 100k OI
Call wall
23.00
+5.5% from close
Put wall
23.00
+5.5% from close
Put/call OI
0.31
100 puts / 321 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
20.7
within trailing 52-week range
Front / back ATM IV
+44.1% / +14.2%
29.8 pp front premium
Expected move
+8.6%
14 DTE · one standard deviation
ATM straddle / spot
+3.4%
front-window midpoint premium
25Δ risk reversal
5.6 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.00
2 contracts traded
Normalized net delta
0.090
option-holder convention
Modeled dealer delta
-0.086
opposite-side scenario
Vanna / 100k OI
950
volatility-sensitive delta
Charm / 100k OI
0
time-decay-sensitive delta
IV surface range
41.5 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

GOVT closed 3.5% below its gamma max of 22.57. It is 2.7% above the delta neutral price of 21.22. Total open interest is 421, +0.7% 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

← AWRE (#4154) LCNB (#4156) →

Questions people ask about GOVT

Where is GOVT's gamma max today?

As of Oct 2, 2026, the gamma max for GOVT is 22.57, +3.5% from the 21.81 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 GOVT above or below its delta neutral price?

GOVT closed above delta neutral: 21.81 against a delta neutral price of 21.22. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does GOVT have?

421 contracts of open interest across 20 listed contracts on Oct 2, 2026, +0.7% 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.