Data through close

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

As of close · rank #2745 by open interest · snapshot page

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HG's nearest-expiration max pain is 15.50 for 2026-10-16, its GEX flip is 15.81, net GEX is 500,068, its put/call open-interest ratio is 0.11. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
34.13
prev 33.75
Gamma max
34.69
+1.7% from close
Delta neutral
27.00
-20.9% from close
Gamma neutral
15.81
-53.7% from close
Open interest
3,802
+0.0% vs prev
Contracts listed
36
30 calls · 22 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
15.50
-54.6% from close
2026-10-16
GEX flip
15.81
-53.7% from close
Net GEX
500,068
13,152,757 per 100k OI
Call wall
35.00
+2.5% from close
Put wall
38.00
+11.3% from close
Put/call OI
0.11
366 puts / 3,436 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
2.2
within trailing 52-week range
Front / back ATM IV
+34.1% / +33.4%
0.7 pp front premium
Expected move
+6.7%
14 DTE · one standard deviation
ATM straddle / spot
+5.4%
front-window midpoint premium
25Δ risk reversal
9.2 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.00
1 contracts traded
Normalized net delta
0.497
option-holder convention
Modeled dealer delta
-0.298
opposite-side scenario
Vanna / 100k OI
-1,210
volatility-sensitive delta
Charm / 100k OI
-274,724
time-decay-sensitive delta
IV surface range
61.4 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

HG closed 1.7% below its gamma max of 34.69. It is 20.9% above the delta neutral price of 27.00. Total open interest is 3,802, +0.0% 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

← OXM (#2744) URTY (#2746) →

Questions people ask about HG

Where is HG's gamma max today?

As of Oct 2, 2026, the gamma max for HG is 34.69, +1.7% from the 34.13 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 HG above or below its delta neutral price?

HG closed above delta neutral: 34.13 against a delta neutral price of 27.00. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does HG have?

3,802 contracts of open interest across 36 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.