Data through close

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

As of close · rank #633 by open interest · 1,370 sessions of history since Jan 8, 2021

GSAT's nearest-expiration max pain is 82.50 for 2026-10-16, its GEX flip is 69.56, net GEX is 5,758,920, its put/call open-interest ratio is 0.56. These are whole-chain derived aggregates as of Oct 9, 2026 close.

GSAT 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
82.50
-1.6% from close
Expiry: 2026-10-16
GEX flip
69.56
-17.0% from close
Net GEX
5,758,920
5,428,232 per 100k OI
Call wall
85.00
+1.4% from close
Put wall
82.50
-1.6% from close
Put/call OI
0.56
38,158 puts / 67,934 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
83.82
prev 83.22
Gamma max
88.07
+5.1% from close
Delta neutral
77.01
-8.1% from close
Gamma neutral
69.56
-17.0% from close
Open interest
106,092
+1.9% vs prev
Contracts listed
269
197 calls · 145 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
50.1
cross-sectional score / 100
Directional score
-13.5
mixed positioning
IV rank
8.6
within trailing 52-week range
Front IV premium
11.2 pp
front minus back volatility difference
25Δ risk reversal
9.9 pp
put IV minus call IV
IV butterfly
2.5 pp
front-window smile convexity
Volume / open interest
0.01
790 contracts traded
Normalized net delta
0.179
option-holder convention
Modeled dealer delta
-0.162
opposite-side scenario
Vanna / 100k OI
3,700
volatility-sensitive delta
Charm / 100k OI
-1,136,400
time-decay-sensitive delta
IV surface range
165.4 pp
aggregate volatility dispersion

Strongest relative signals: front IV premium 11.2 pp · OI change 0.13σ

Download the dated aggregate analysis JSON .

GSAT closed 5.1% below its gamma max of 88.07. It is 8.1% above the delta neutral price of 77.01. Total open interest is 106,092, +1.9% versus the previous session. Its options catalyst-intensity score is 50.1 out of 100, led by front IV premium 11.2 pp, OI change 0.13σ. 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.

GSAT call and put open interest changes
Measure Value
Call OI change, 1 session -9 contracts · -0.0%
Put OI change, 1 session +1,951 contracts · +5.4%
Call minus put OI growth, 1 session -5.4 pp
Call OI change, 5 sessions +193 contracts · +0.3%
Put OI change, 5 sessions +1,988 contracts · +5.5%
Call minus put OI growth, 5 sessions -5.2 pp
Daily call OI change surprise -0.01σ (252 prior changes)
Daily put OI change surprise +0.78σ (252 prior changes)
Daily call-minus-put growth surprise -0.29σ (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 2026-10-09. Contract-level charts are outside the public dataset.

Aggregate IV history

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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 50 completed Day +10 paths · latest Apr 17, 2026
GSAT 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. -28.0% -14.0% 0% +14.0% +28.0% Cross on Mar 2, 2021 Cross on Mar 23, 2021 Cross on May 17, 2021 Cross on Jun 1, 2021 Cross on Jul 15, 2021 Cross on Aug 3, 2021 Cross on Aug 13, 2021 Cross on Aug 24, 2021 Cross on Sep 29, 2021 Cross on Oct 18, 2021 Cross on Feb 23, 2022 Cross on Mar 8, 2022 Cross on Mar 14, 2022 Cross on Mar 30, 2022 Cross on Apr 5, 2022 Cross on Apr 27, 2022 Cross on May 3, 2022 Cross on May 9, 2022 Cross on May 23, 2022 Cross on May 25, 2022 Cross on Jun 1, 2022 Cross on Jun 6, 2022 Cross on Aug 1, 2022 Cross on Aug 25, 2022 Cross on Sep 19, 2022 Cross on Nov 4, 2022 Cross on Nov 21, 2022 Cross on Sep 7, 2023 Cross on Sep 12, 2023 Cross on Dec 6, 2023 Cross on Jan 9, 2024 Cross on Jan 22, 2024 Cross on Jan 26, 2024 Cross on Feb 8, 2024 Cross on Feb 14, 2024 Cross on Nov 12, 2024 Cross on Nov 18, 2024 Cross on Dec 13, 2024 Cross on Jan 8, 2025 Cross on Feb 4, 2025 Cross on Feb 18, 2025 Cross on Mar 25, 2025 Cross on Jun 10, 2025 Cross on Jul 7, 2025 Cross on Jul 21, 2025 Cross on Sep 9, 2025 Cross on Oct 7, 2025 Cross on Nov 13, 2025 Cross on Dec 16, 2025 Cross on Apr 17, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
GSAT historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 50 0.0% -2.1% to +1.9% 48% -1.1% to +1.4% 0.0%
Day +2 50 0.0% -4.0% to +1.9% 46% -2.6% to +0.7% 0.0%
Day +3 50 -2.1% -5.7% to +2.1% 42% -4.5% to +0.7% 0.0%
Day +4 50 -1.7% -7.4% to +4.7% 42% -5.4% to +1.6% 0.0%
Day +5 50 -1.2% -8.0% to +5.4% 42% -5.8% to +0.7% 0.0%
Day +6 50 -1.7% -8.0% to +5.9% 40% -4.5% to +1.1% 0.0%
Day +7 50 -2.3% -6.4% to +7.6% 42% -5.3% to +1.6% 0.0%
Day +8 50 -2.1% -6.7% to +8.9% 38% -4.7% to +1.8% 0.0%
Day +9 50 -2.4% -9.5% to +7.5% 42% -5.0% to +2.4% 0.0%
Day +10 50 -1.4% -6.6% to +6.5% 44% -4.2% to +2.1% 0.0%
Crosses above gamma max 40 completed Day +10 paths · latest Apr 16, 2026
GSAT 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. -22.0% -11.0% 0% +11.0% +22.0% Cross on Mar 29, 2021 Cross on May 20, 2021 Cross on May 28, 2021 Cross on Aug 9, 2021 Cross on Aug 27, 2021 Cross on Oct 12, 2021 Cross on Jan 20, 2022 Cross on Mar 11, 2022 Cross on Mar 25, 2022 Cross on Apr 4, 2022 Cross on Apr 29, 2022 Cross on May 6, 2022 Cross on May 24, 2022 Cross on May 31, 2022 Cross on Jun 3, 2022 Cross on Jul 29, 2022 Cross on Sep 16, 2022 Cross on Oct 28, 2022 Cross on Nov 18, 2022 Cross on Sep 1, 2023 Cross on Sep 8, 2023 Cross on Nov 24, 2023 Cross on Dec 13, 2023 Cross on Jan 2, 2024 Cross on Jan 5, 2024 Cross on Jan 23, 2024 Cross on Feb 7, 2024 Cross on Feb 13, 2024 Cross on Nov 15, 2024 Cross on Nov 21, 2024 Cross on Dec 20, 2024 Cross on Jan 17, 2025 Cross on Mar 24, 2025 Cross on Jul 3, 2025 Cross on Jul 18, 2025 Cross on Sep 8, 2025 Cross on Oct 2, 2025 Cross on Nov 12, 2025 Cross on Dec 4, 2025 Cross on Apr 16, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
GSAT historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 40 +0.1% -2.7% to +3.8% 50% -1.0% to +2.1% 0.0%
Day +2 40 +0.5% -2.5% to +5.6% 53% -1.9% to +2.6% 0.0%
Day +3 40 +0.1% -4.4% to +7.8% 50% -2.5% to +4.3% 0.0%
Day +4 40 +0.5% -5.7% to +8.5% 50% -1.7% to +4.8% 0.0%
Day +5 40 0.0% -5.9% to +8.0% 48% -2.4% to +3.6% 0.0%
Day +6 40 +1.0% -8.8% to +7.0% 57% -3.4% to +4.4% 0.0%
Day +7 40 +0.6% -9.9% to +7.9% 53% -4.7% to +3.9% 0.0%
Day +8 40 -4.7% -10.8% to +8.2% 45% -7.0% to +3.7% 0.0%
Day +9 40 -3.7% -14.5% to +8.4% 43% -8.7% to +2.5% 0.0%
Day +10 40 -4.4% -13.1% to +7.6% 35% -9.4% to 0.0% 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

GSAT trailing historical statistics
Sessions closed above gamma max 4%
Gamma max crosses 8
Delta neutral crosses 0
Prior-year sessions closer to gamma max 18.7% of 252
Prior-year sessions closer to delta neutral 22.2% of 252
Open interest percentile (1y) 89th
Daily open interest change versus prior year +0.13σ (1,942 contracts; 252 prior changes)
Open interest change, 5 sessions +2.1%
Open interest change, 21 sessions +4.3%
History available Jan 8, 2021 → Oct 9, 2026

Recent crosses

  1. closed below gamma max at 80.53 vs 89.55 (-11.2%)
  2. closed above gamma max at 80.15 vs 80.00 (+0.2%)
  3. closed below gamma max at 80.02 vs 86.40 (-8.0%)
  4. closed above gamma max at 80.03 vs 80.00 (+0.0%)
  5. closed below gamma max at 63.70 vs 65.66 (-3.1%)
  6. closed above gamma max at 68.40 vs 64.78 (+5.3%)
  7. closed below gamma max at 63.18 vs 64.54 (-2.2%)
  8. closed above gamma max at 64.38 vs 64.26 (+0.2%)
  9. closed below gamma max at 43.73 vs 44.73 (-2.3%)
  10. closed above gamma max at 40.27 vs 39.92 (+0.9%)

In today's screens

Neighbours by open interest

Cite or embed this snapshot

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

Questions people ask about GSAT

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

As of Oct 9, 2026 close, nearest-expiration max pain is 82.50 for the 2026-10-16 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 GSAT's gamma exposure and gamma flip show?

Signed net GEX is 5,758,920 as of Oct 9, 2026 close. The confirmed GEX flip is 69.56. 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 GSAT's gamma max today?

As of Oct 9, 2026, the gamma max for GSAT is 88.07, +5.1% from the 83.82 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 GSAT above or below its delta neutral price?

GSAT closed above delta neutral: 83.82 against a delta neutral price of 77.01. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does GSAT have?

106,092 contracts of open interest across 269 listed contracts on Oct 9, 2026, +1.9% 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.