Data through close

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

As of close · rank #2932 by open interest · snapshot page

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IBTA's nearest-expiration max pain is 40.00 for 2026-10-16, its GEX flip is 52.01, net GEX is -283,160, its put/call open-interest ratio is 1.23. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
41.61
prev 39.92
Gamma max
56.21
+35.1% from close
Delta neutral
42.06
+1.1% from close
Gamma neutral
52.01
+25.0% from close
Open interest
2,936
+0.2% vs prev
Contracts listed
61
46 calls · 34 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
40.00
-3.9% from close
2026-10-16
GEX flip
52.01
+25.0% from close
Net GEX
-283,160
-9,644,404 per 100k OI
Call wall
45.00
+8.1% from close
Put wall
40.00
-3.9% from close
Put/call OI
1.23
1,619 puts / 1,317 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
69.6
within trailing 52-week range
Front / back ATM IV
+58.7% / +89.6%
-30.9 pp front premium
Expected move
+11.5%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
2.9 pp
front-window smile convexity
Volume / open interest
0.01
16 contracts traded
Normalized net delta
0.059
option-holder convention
Modeled dealer delta
-0.055
opposite-side scenario
Vanna / 100k OI
443
volatility-sensitive delta
Charm / 100k OI
2,548,842
time-decay-sensitive delta
IV surface range
46.7 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

IBTA closed 35.1% below its gamma max of 56.21. It is 1.1% below the delta neutral price of 42.06. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 2,936, +0.2% 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

← NAKA (#2931) NXST (#2933) →

Questions people ask about IBTA

Where is IBTA's gamma max today?

As of Oct 2, 2026, the gamma max for IBTA is 56.21, +35.1% from the 41.61 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 IBTA above or below its delta neutral price?

IBTA closed below delta neutral: 41.61 against a delta neutral price of 42.06. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does IBTA have?

2,936 contracts of open interest across 61 listed contracts on Oct 2, 2026, +0.2% 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.