Data through close

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

As of close · rank #65 by open interest · 1,224 sessions of history since Aug 5, 2021

HOOD's nearest-expiration max pain is 113.00 for 2026-10-09, its GEX flip is 102.43, net GEX is 33,688,090, its put/call open-interest ratio is 0.70. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
112.74
prev 111.15
Gamma max
126.97
+12.6% from close
Delta neutral
100.78
-10.6% from close
Gamma neutral
102.43
-9.1% from close
Open interest
1,622,844
-9.1% vs prev
Contracts listed
1,464
935 calls · 827 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
113.00
+0.2% from close
2026-10-09
GEX flip
102.43
-9.1% from close
Net GEX
33,688,090
2,075,867 per 100k OI
Call wall
120.00
+6.4% from close
Put wall
100.00
-11.3% from close
Put/call OI
0.70
669,170 puts / 953,674 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
42.8
cross-sectional score / 100
Directional score
1.9
mixed positioning
IV rank
37.1
within trailing 52-week range
Front / back ATM IV
+55.0% / +61.4%
-6.4 pp front premium
Expected move
+7.6%
7 DTE · one standard deviation
ATM straddle / spot
+5.7%
front-window midpoint premium
25Δ risk reversal
-1.6 pp
put IV minus call IV
IV butterfly
1.2 pp
front-window smile convexity
Volume / open interest
0.28
506,032 contracts traded
Normalized net delta
0.152
option-holder convention
Modeled dealer delta
-0.152
opposite-side scenario
Vanna / 100k OI
1,816
volatility-sensitive delta
Charm / 100k OI
-508,859
time-decay-sensitive delta
IV surface range
55.1 pp
published contour maximum minus minimum

Strongest relative signals: volume/OI 0.28

Download the complete dated analysis JSON .

HOOD closed 12.6% below its gamma max of 126.97. It is 10.6% above the delta neutral price of 100.78. Total open interest is 1,622,844, -9.1% versus the previous session. Its options catalyst-intensity score is 42.8 out of 100, led by volume/OI 0.28. 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.

HOOD call and put open interest changes
Measure Value
Call OI change, 1 session -102,743 contracts · -9.7%
Put OI change, 1 session -60,538 contracts · -8.3%
Call minus put OI growth, 1 session -1.4 pp
Call OI change, 5 sessions +17,609 contracts · +1.9%
Put OI change, 5 sessions +27,015 contracts · +4.2%
Call minus put OI growth, 5 sessions -2.3 pp
Daily call OI change surprise -1.39σ (252 prior changes)
Daily put OI change surprise -1.19σ (252 prior changes)
Daily call-minus-put growth surprise -0.79σ (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 39 completed Day +10 paths · latest Sep 4, 2026
HOOD 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. -20.0% -10.0% 0% +10.0% +20.0% Cross on Sep 23, 2021 Cross on Aug 4, 2022 Cross on Jul 5, 2023 Cross on Jul 20, 2023 Cross on Dec 11, 2023 Cross on Dec 20, 2023 Cross on Dec 28, 2023 Cross on Feb 15, 2024 Cross on Feb 20, 2024 Cross on Feb 28, 2024 Cross on Mar 15, 2024 Cross on Mar 22, 2024 Cross on Apr 1, 2024 Cross on Sep 13, 2024 Cross on Oct 11, 2024 Cross on Oct 15, 2024 Cross on Nov 8, 2024 Cross on Nov 13, 2024 Cross on Nov 19, 2024 Cross on Nov 26, 2024 Cross on Dec 9, 2024 Cross on Dec 17, 2024 Cross on Jan 22, 2025 Cross on Feb 14, 2025 Cross on May 9, 2025 Cross on May 14, 2025 Cross on Jun 4, 2025 Cross on Jul 1, 2025 Cross on Jul 3, 2025 Cross on Aug 8, 2025 Cross on Sep 9, 2025 Cross on Oct 1, 2025 Cross on Nov 28, 2025 Cross on Apr 16, 2026 Cross on Jun 1, 2026 Cross on Jun 18, 2026 Cross on Jul 2, 2026 Cross on Jul 7, 2026 Cross on Sep 4, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
HOOD historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 39 +0.3% -2.5% to +2.6% 51% -1.1% to +1.0% 0.0%
Day +2 39 +0.2% -2.3% to +2.6% 51% -1.0% to +2.0% 0.0%
Day +3 39 +1.2% -2.9% to +3.5% 59% -0.8% to +2.8% 0.0%
Day +4 39 +0.6% -2.9% to +5.3% 56% -1.2% to +4.2% 0.0%
Day +5 39 +2.1% -3.6% to +5.1% 64% -0.4% to +3.6% 0.0%
Day +6 39 +2.7% -1.5% to +6.9% 69% +0.3% to +5.7% +0.3%
Day +7 39 +1.6% -5.2% to +6.4% 64% -0.1% to +5.4% 0.0%
Day +8 39 +1.7% -3.8% to +8.4% 72% +0.5% to +6.2% +0.5%
Day +9 39 +2.7% -4.6% to +8.9% 59% -3.0% to +5.4% 0.0%
Day +10 39 +4.2% -5.8% to +9.6% 62% -4.6% to +8.1% 0.0%
Crosses above gamma max 39 completed Day +10 paths · latest Sep 3, 2026
HOOD 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 Sep 22, 2021 Cross on Feb 2, 2023 Cross on Jul 3, 2023 Cross on Jul 10, 2023 Cross on Dec 5, 2023 Cross on Dec 19, 2023 Cross on Dec 27, 2023 Cross on Feb 14, 2024 Cross on Feb 16, 2024 Cross on Feb 26, 2024 Cross on Mar 14, 2024 Cross on Mar 21, 2024 Cross on Mar 27, 2024 Cross on May 17, 2024 Cross on Sep 12, 2024 Cross on Oct 8, 2024 Cross on Oct 14, 2024 Cross on Nov 6, 2024 Cross on Nov 11, 2024 Cross on Nov 18, 2024 Cross on Nov 25, 2024 Cross on Dec 6, 2024 Cross on Dec 16, 2024 Cross on Jan 15, 2025 Cross on Feb 13, 2025 Cross on May 8, 2025 Cross on May 13, 2025 Cross on Jun 3, 2025 Cross on Jun 30, 2025 Cross on Jul 2, 2025 Cross on Aug 7, 2025 Cross on Sep 29, 2025 Cross on Nov 26, 2025 Cross on Apr 14, 2026 Cross on May 28, 2026 Cross on Jun 17, 2026 Cross on Jul 1, 2026 Cross on Jul 6, 2026 Cross on Sep 3, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
HOOD historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 39 +0.6% -2.0% to +2.2% 56% -1.4% to +0.8% 0.0%
Day +2 39 -0.1% -3.2% to +3.3% 49% -2.7% to +2.1% 0.0%
Day +3 39 -0.2% -3.9% to +4.5% 49% -2.0% to +2.6% 0.0%
Day +4 39 -0.2% -4.3% to +5.3% 49% -2.3% to +4.5% 0.0%
Day +5 39 +4.1% -3.0% to +6.7% 64% -0.1% to +5.5% 0.0%
Day +6 39 +2.6% -2.3% to +7.3% 72% +1.0% to +5.2% +1.0%
Day +7 39 +2.9% -1.4% to +6.6% 69% +0.6% to +5.2% +0.6%
Day +8 39 +4.4% -5.4% to +8.1% 67% +0.6% to +7.0% +0.6%
Day +9 39 +5.4% -4.9% to +10.4% 69% +1.6% to +7.0% +1.6%
Day +10 39 +5.8% -4.2% to +11.1% 64% -1.3% to +8.7% 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

HOOD trailing historical statistics
Sessions closed above gamma max 4%
Gamma max crosses 14
Delta neutral crosses 20
Prior-year sessions closer to gamma max 69.0% of 252
Prior-year sessions closer to delta neutral 57.1% of 252
Open interest percentile (1y) 15th
Daily open interest change versus prior year -1.32σ (-163,281 contracts; 252 prior changes)
Open interest change, 5 sessions +2.8%
Open interest change, 21 sessions -2.0%
History available Aug 5, 2021 → Oct 2, 2026

Recent crosses

  1. closed below gamma max at 122.11 vs 128.74 (-5.4%)
  2. closed above gamma max at 124.72 vs 115.51 (+7.4%)
  3. closed below gamma max at 112.90 vs 117.38 (-4.0%)
  4. closed above gamma max at 117.55 vs 116.44 (+0.9%)
  5. closed below gamma max at 112.73 vs 114.64 (-1.7%)
  6. closed above gamma max at 108.65 vs 106.89 (+1.6%)
  7. closed below gamma max at 108.15 vs 110.36 (-2.0%)
  8. closed above gamma max at 105.20 vs 101.23 (+3.8%)
  9. closed below gamma max at 90.73 vs 92.71 (-2.2%)
  10. closed above gamma max at 84.84 vs 81.69 (+3.7%)

In today's screens

Neighbours by open interest

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

Questions people ask about HOOD

Where is HOOD's gamma max today?

As of Oct 2, 2026, the gamma max for HOOD is 126.97, +12.6% from the 112.74 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 HOOD above or below its delta neutral price?

HOOD closed above delta neutral: 112.74 against a delta neutral price of 100.78. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does HOOD have?

1,622,844 contracts of open interest across 1,464 listed contracts on Oct 2, 2026, -9.1% 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.