IBM gamma max, delta neutral & open interest levels
As of close · rank #173 by open interest · 1,378 sessions of history since Dec 1, 2020
IBM closed 8.0% below its gamma max of 262.87. It is 3.8% above the delta neutral price of 234.12. Total open interest is 640,722, -2.9% versus the previous session. What gamma max means · What delta neutral means
One-year history
Last 252 sessions
| Sessions closed above gamma max | 2% |
| Gamma max crosses | 6 |
| Delta neutral crosses | 16 |
| Open interest percentile (1y) | 88th |
| Open interest change, 5 sessions | -0.2% |
| Open interest change, 21 sessions | -14.4% |
| History available | Dec 1, 2020 → Sep 11, 2026 |
Recent crosses
- closed above delta neutral at 238.79 vs 232.06 (+2.8%)
- closed below delta neutral at 229.87 vs 230.64 (-0.3%)
- closed above delta neutral at 232.67 vs 229.06 (+1.6%)
- closed below delta neutral at 228.85 vs 229.58 (-0.3%)
- closed above delta neutral at 226.31 vs 225.49 (+0.4%)
- closed below delta neutral at 221.74 vs 223.61 (-0.8%)
- closed above delta neutral at 227.55 vs 224.88 (+1.2%)
- closed below delta neutral at 217.07 vs 251.46 (-15.8%)
- closed above delta neutral at 264.94 vs 250.06 (+5.6%)
- closed below delta neutral at 249.10 vs 254.34 (-2.1%)
In today's screens
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Neighbours by open interest
Questions people ask about IBM
Where is IBM's gamma max today?
As of Sep 11, 2026, the gamma max for IBM is 262.87, +8.0% from the 243.29 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 IBM above or below its delta neutral price?
IBM closed above delta neutral: 243.29 against a delta neutral price of 234.12. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does IBM have?
640,722 contracts of open interest across 1,463 listed contracts on Sep 11, 2026, -2.9% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from end-of-day options data licensed from HistoricalOptionData.com; only derived aggregates are published. Methodology · Data and licence · Not investment advice.