Data through close

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

As of close · rank #677 by open interest · snapshot page

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HRL's nearest-expiration max pain is 21.00 for 2026-10-09, net GEX is 1,646,079, its put/call open-interest ratio is 0.52. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
20.25
prev 19.96
Gamma max
21.49
+6.1% from close
Delta neutral
19.44
-4.0% from close
Gamma neutral
20.25
0.0% from close
Open interest
90,554
-7.4% vs prev
Contracts listed
234
130 calls · 121 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
21.00
+3.7% from close
2026-10-09
GEX flip
–
Net GEX
1,646,079
1,817,788 per 100k OI
Call wall
21.00
+3.7% from close
Put wall
21.00
+3.7% from close
Put/call OI
0.52
30,829 puts / 59,725 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
85.1
within trailing 52-week range
Front / back ATM IV
+27.9% / +21.3%
6.5 pp front premium
Expected move
+3.9%
7 DTE · one standard deviation
ATM straddle / spot
+2.8%
front-window midpoint premium
25Δ risk reversal
-129.0 pp
put IV minus call IV
IV butterfly
6.4 pp
front-window smile convexity
Volume / open interest
0.03
3,338 contracts traded
Normalized net delta
0.078
option-holder convention
Modeled dealer delta
-0.076
opposite-side scenario
Vanna / 100k OI
782
volatility-sensitive delta
Charm / 100k OI
413,260
time-decay-sensitive delta
IV surface range
208.1 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

HRL closed 6.1% below its gamma max of 21.49. It is 4.0% above the delta neutral price of 19.44. Total open interest is 90,554, -7.4% 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

Neighbours by open interest

← STZ (#676) OGN (#678) →

Questions people ask about HRL

Where is HRL's gamma max today?

As of Oct 2, 2026, the gamma max for HRL is 21.49, +6.1% from the 20.25 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 HRL above or below its delta neutral price?

HRL closed above delta neutral: 20.25 against a delta neutral price of 19.44. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does HRL have?

90,554 contracts of open interest across 234 listed contracts on Oct 2, 2026, -7.4% 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.