Data through close

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

As of close · rank #621 by open interest · 1,365 sessions of history since Jan 8, 2021

GSAT's nearest-expiration max pain is 82.50 for 2026-10-16, its GEX flip is 68.36, net GEX is 7,275,118, its put/call open-interest ratio is 0.53. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
83.22
prev 82.88
Gamma max
87.77
+5.5% from close
Delta neutral
75.46
-9.3% from close
Gamma neutral
68.36
-17.9% from close
Open interest
103,911
+0.0% vs prev
Contracts listed
265
195 calls · 142 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
82.50
-0.9% from close
2026-10-16
GEX flip
68.36
-17.9% from close
Net GEX
7,275,118
7,001,297 per 100k OI
Call wall
85.00
+2.1% from close
Put wall
82.50
-0.9% from close
Put/call OI
0.53
36,170 puts / 67,741 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
45.1
cross-sectional score / 100
Directional score
23.7
relatively bullish positioning
IV rank
15.4
within trailing 52-week range
Front / back ATM IV
+17.3% / +17.9%
-0.6 pp front premium
Expected move
+3.4%
14 DTE · one standard deviation
ATM straddle / spot
+2.7%
front-window midpoint premium
25Δ risk reversal
-24.5 pp
put IV minus call IV
IV butterfly
6.6 pp
front-window smile convexity
Volume / open interest
0.00
182 contracts traded
Normalized net delta
0.184
option-holder convention
Modeled dealer delta
-0.168
opposite-side scenario
Vanna / 100k OI
4,202
volatility-sensitive delta
Charm / 100k OI
-307,053
time-decay-sensitive delta
IV surface range
183.6 pp
published contour maximum minus minimum

Strongest relative signals: 25Δ risk reversal -24.5 pp · front IV premium -0.6 pp

Download the complete dated analysis JSON .

GSAT closed 5.5% below its gamma max of 87.77. It is 9.3% above the delta neutral price of 75.46. Total open interest is 103,911, +0.0% versus the previous session. Its options catalyst-intensity score is 45.1 out of 100, led by 25Δ risk reversal -24.5 pp, front IV premium -0.6 pp. 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 +39 contracts · +0.1%
Put OI change, 1 session +12 contracts · +0.0%
Call minus put OI growth, 1 session +0.0 pp
Call OI change, 5 sessions +371 contracts · +0.6%
Put OI change, 5 sessions -23 contracts · -0.1%
Call minus put OI growth, 5 sessions +0.6 pp
Daily call OI change surprise -0.01σ (252 prior changes)
Daily put OI change surprise -0.03σ (252 prior changes)
Daily call-minus-put growth surprise -0.07σ (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

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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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 5%
Gamma max crosses 9
Delta neutral crosses 0
Prior-year sessions closer to gamma max 21.8% of 252
Prior-year sessions closer to delta neutral 30.6% of 252
Open interest percentile (1y) 86th
Daily open interest change versus prior year -0.01σ (51 contracts; 252 prior changes)
Open interest change, 5 sessions +0.3%
Open interest change, 21 sessions +5.5%
History available Jan 8, 2021 → Oct 2, 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

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Neighbours by open interest

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

Questions people ask about GSAT

Where is GSAT's gamma max today?

As of Oct 2, 2026, the gamma max for GSAT is 87.77, +5.5% from the 83.22 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: 83.22 against a delta neutral price of 75.46. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does GSAT have?

103,911 contracts of open interest across 265 listed contracts on Oct 2, 2026, +0.0% 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.