HD max pain, gamma exposure (GEX) & options open interest
As of close · rank #339 by open interest · 1,394 sessions of history since Dec 1, 2020
HD's nearest-expiration max pain is 292.50 for 2026-10-09, its GEX flip is 291.47, net GEX is -6,483,492, its put/call open-interest ratio is 0.73. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
Strongest relative signals: IV rank 100 · volume/OI 0.10
HD closed 20.2% below its gamma max of 340.12. It is 6.8% below the delta neutral price of 302.14. Total open interest is 255,097, -3.3% versus the previous session. Its options catalyst-intensity score is 50.5 out of 100, led by IV rank 100, volume/OI 0.10. 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.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -3,629 contracts · -2.4% |
| Put OI change, 1 session | -5,147 contracts · -4.6% |
| Call minus put OI growth, 1 session | +2.2 pp |
| Call OI change, 5 sessions | +18,951 contracts · +14.7% |
| Put OI change, 5 sessions | +3,677 contracts · +3.5% |
| Call minus put OI growth, 5 sessions | +11.2 pp |
| Daily call OI change surprise | -0.35σ (252 prior changes) |
| Daily put OI change surprise | -0.78σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.56σ (252 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
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 12 completed Day +10 paths · latest Aug 14, 2025
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 12 | -0.0% | -0.3% to +0.6% | 50% | -0.4% to +0.9% | 0.0% |
| Day +2 | 12 | -0.5% | -2.6% to +0.6% | 42% | -2.7% to +0.8% | 0.0% |
| Day +3 | 12 | -0.4% | -2.0% to +1.7% | 42% | -3.4% to +1.7% | 0.0% |
| Day +4 | 12 | -0.6% | -2.0% to +0.8% | 42% | -3.0% to +2.2% | 0.0% |
| Day +5 | 12 | -0.8% | -3.3% to +1.8% | 33% | -4.6% to +2.1% | 0.0% |
| Day +6 | 12 | -1.1% | -4.4% to +2.0% | 42% | -5.7% to +2.0% | 0.0% |
| Day +7 | 12 | -0.6% | -5.8% to +2.3% | 42% | -6.6% to +2.9% | 0.0% |
| Day +8 | 12 | -0.7% | -6.1% to +1.7% | 42% | -7.3% to +1.8% | 0.0% |
| Day +9 | 12 | -0.4% | -5.5% to +1.8% | 50% | -6.9% to +2.0% | 0.0% |
| Day +10 | 12 | +0.5% | -5.9% to +2.2% | 50% | -6.9% to +3.2% | 0.0% |
Crosses above gamma max 12 completed Day +10 paths · latest Aug 13, 2025
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 12 | +0.2% | -1.0% to +0.8% | 50% | -1.2% to +1.1% | 0.0% |
| Day +2 | 12 | +0.5% | -1.1% to +1.3% | 58% | -1.9% to +2.0% | 0.0% |
| Day +3 | 12 | +0.5% | -3.3% to +1.7% | 58% | -3.9% to +2.2% | 0.0% |
| Day +4 | 12 | +0.3% | -2.8% to +1.7% | 58% | -4.3% to +2.2% | 0.0% |
| Day +5 | 12 | -0.2% | -3.1% to +2.2% | 50% | -3.6% to +3.7% | 0.0% |
| Day +6 | 12 | +0.2% | -3.8% to +2.0% | 58% | -4.1% to +3.3% | 0.0% |
| Day +7 | 12 | -0.1% | -3.2% to +1.8% | 42% | -5.2% to +2.6% | 0.0% |
| Day +8 | 12 | -1.0% | -3.9% to +2.2% | 42% | -6.2% to +3.5% | 0.0% |
| Day +9 | 12 | +0.3% | -5.2% to +1.7% | 58% | -6.9% to +2.1% | 0.0% |
| Day +10 | 12 | +0.1% | -5.2% to +1.4% | 50% | -6.4% to +2.1% | 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
| Sessions closed above gamma max | 0% |
| Gamma max crosses | 0 |
| Delta neutral crosses | 23 |
| Prior-year sessions closer to gamma max | 92.5% of 252 |
| Prior-year sessions closer to delta neutral | 91.7% of 252 |
| Open interest percentile (1y) | 80th |
| Daily open interest change versus prior year | -0.53σ (-8,776 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +9.7% |
| Open interest change, 21 sessions | +9.2% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 334.85 vs 336.18 (-0.4%)
- closed above delta neutral at 337.43 vs 337.29 (+0.0%)
- closed below delta neutral at 334.49 vs 337.09 (-0.8%)
- closed above delta neutral at 331.96 vs 331.47 (+0.1%)
- closed below delta neutral at 333.35 vs 333.36 (-0.0%)
- closed above delta neutral at 332.98 vs 331.50 (+0.4%)
- closed below delta neutral at 324.71 vs 330.49 (-1.8%)
- closed above delta neutral at 321.14 vs 318.04 (+1.0%)
- closed below delta neutral at 317.14 vs 321.97 (-1.5%)
- closed above delta neutral at 321.21 vs 319.21 (+0.6%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/HD
Questions people ask about HD
Where is HD's gamma max today?
As of Oct 2, 2026, the gamma max for HD is 340.12, +20.2% from the 282.85 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 HD above or below its delta neutral price?
HD closed below delta neutral: 282.85 against a delta neutral price of 302.14. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does HD have?
255,097 contracts of open interest across 1,145 listed contracts on Oct 2, 2026, -3.3% 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.