INTC max pain, gamma exposure (GEX) & options open interest
As of close · rank #11 by open interest · 1,394 sessions of history since Dec 1, 2020
INTC's nearest-expiration max pain is 120.00 for 2026-10-05, its GEX flip is 104.39, net GEX is 123,666,295, its put/call open-interest ratio is 0.93. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
Strongest relative signals: volume/OI 0.16
INTC closed 8.5% below its gamma max of 129.43. It is 12.5% above the delta neutral price of 104.46. Total open interest is 5,872,116, -4.9% versus the previous session. Its options catalyst-intensity score is 33.7 out of 100, led by volume/OI 0.16. 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.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -163,735 contracts · -5.1% |
| Put OI change, 1 session | -137,940 contracts · -4.7% |
| Call minus put OI growth, 1 session | -0.4 pp |
| Call OI change, 5 sessions | +96,580 contracts · +3.3% |
| Put OI change, 5 sessions | +40,129 contracts · +1.4% |
| Call minus put OI growth, 5 sessions | +1.8 pp |
| Daily call OI change surprise | -1.00σ (252 prior changes) |
| Daily put OI change surprise | -0.98σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.22σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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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 22 completed Day +10 paths · latest Sep 22, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 23 | -1.0% | -2.8% to +1.1% | 35% | -2.7% to +0.6% | 0.0% |
| Day +2 | 23 | -0.4% | -3.7% to +1.8% | 48% | -3.1% to +1.3% | 0.0% |
| Day +3 | 23 | -0.7% | -5.6% to +3.5% | 39% | -4.2% to +1.6% | 0.0% |
| Day +4 | 23 | +0.4% | -5.5% to +5.2% | 57% | -4.5% to +2.6% | 0.0% |
| Day +5 | 23 | -0.5% | -5.6% to +2.5% | 43% | -4.4% to +1.0% | 0.0% |
| Day +6 | 23 | -0.1% | -4.0% to +2.0% | 43% | -2.9% to +1.1% | 0.0% |
| Day +7 | 23 | -1.7% | -5.3% to +4.4% | 39% | -4.4% to +2.2% | 0.0% |
| Day +8 | 23 | +0.9% | -7.0% to +9.0% | 52% | -4.5% to +5.7% | 0.0% |
| Day +9 | 22 | +0.3% | -5.4% to +12.9% | 55% | -5.4% to +8.9% | 0.0% |
| Day +10 | 22 | -1.2% | -7.0% to +9.7% | 45% | -6.5% to +9.6% | 0.0% |
Crosses above gamma max 21 completed Day +10 paths · latest Sep 21, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 22 | +0.5% | -1.0% to +2.1% | 59% | -0.4% to +1.8% | 0.0% |
| Day +2 | 22 | +0.9% | -3.0% to +3.3% | 55% | -1.9% to +2.2% | 0.0% |
| Day +3 | 22 | +1.2% | -3.4% to +4.1% | 55% | -1.6% to +3.4% | 0.0% |
| Day +4 | 22 | +1.1% | -5.3% to +5.6% | 59% | -5.0% to +5.0% | 0.0% |
| Day +5 | 22 | +1.3% | -4.7% to +9.1% | 55% | -4.6% to +7.5% | 0.0% |
| Day +6 | 22 | -0.6% | -6.6% to +7.7% | 45% | -6.2% to +6.2% | 0.0% |
| Day +7 | 22 | -0.9% | -5.2% to +8.3% | 41% | -4.7% to +7.6% | 0.0% |
| Day +8 | 22 | -2.7% | -4.7% to +9.2% | 41% | -4.5% to +8.9% | 0.0% |
| Day +9 | 22 | -1.2% | -7.4% to +10.5% | 45% | -5.9% to +10.1% | 0.0% |
| Day +10 | 21 | -1.2% | -7.5% to +10.7% | 48% | -6.8% to +10.1% | 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
| Sessions closed above gamma max | 4% |
| Gamma max crosses | 15 |
| Delta neutral crosses | 8 |
| Prior-year sessions closer to gamma max | 40.5% of 252 |
| Prior-year sessions closer to delta neutral | 50.0% of 252 |
| Open interest percentile (1y) | 58th |
| Daily open interest change versus prior year | -1.01σ (-301,675 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.4% |
| Open interest change, 21 sessions | -2.5% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 123.86 vs 127.46 (-2.9%)
- closed above gamma max at 121.81 vs 118.24 (+2.9%)
- closed below gamma max at 106.24 vs 109.91 (-3.5%)
- closed above gamma max at 104.47 vs 103.45 (+1.0%)
- closed above delta neutral at 90.05 vs 89.71 (+0.4%)
- closed below delta neutral at 89.47 vs 89.72 (-0.3%)
- closed above delta neutral at 92.09 vs 89.70 (+2.6%)
- closed below delta neutral at 88.24 vs 89.69 (-1.6%)
- closed above delta neutral at 87.48 vs 86.98 (+0.6%)
- closed below delta neutral at 92.80 vs 93.96 (-1.2%)
In today's screens
Neighbours by open interest
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Canonical source: https://halfonadouble.com/stock/INTC
Questions people ask about INTC
Where is INTC's gamma max today?
As of Oct 2, 2026, the gamma max for INTC is 129.43, +8.5% from the 119.33 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 INTC above or below its delta neutral price?
INTC closed above delta neutral: 119.33 against a delta neutral price of 104.46. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does INTC have?
5,872,116 contracts of open interest across 1,988 listed contracts on Oct 2, 2026, -4.9% 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.