Data through close

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

As of close · rank #3162 by open interest · snapshot page

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INVA's nearest-expiration max pain is 20.00 for 2026-10-16, net GEX is 129,556, its put/call open-interest ratio is 0.40. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
20.50
prev 20.55
Gamma max
23.22
+13.3% from close
Delta neutral
19.25
-6.1% from close
Gamma neutral
20.50
0.0% from close
Open interest
2,123
+4.9% vs prev
Contracts listed
24
21 calls · 7 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
20.00
-2.4% from close
2026-10-16
GEX flip
–
Net GEX
129,556
6,102,487 per 100k OI
Call wall
22.50
+9.8% from close
Put wall
20.00
-2.4% from close
Put/call OI
0.40
611 puts / 1,512 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
54.3
within trailing 52-week range
Front / back ATM IV
+42.7% / +38.4%
4.3 pp front premium
Expected move
+8.4%
14 DTE · one standard deviation
ATM straddle / spot
+12.6%
front-window midpoint premium
25Δ risk reversal
-17.8 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
15 contracts traded
Normalized net delta
0.126
option-holder convention
Modeled dealer delta
-0.126
opposite-side scenario
Vanna / 100k OI
4,381
volatility-sensitive delta
Charm / 100k OI
-21,244
time-decay-sensitive delta
IV surface range
53.6 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

INVA closed 13.3% below its gamma max of 23.22. It is 6.1% above the delta neutral price of 19.25. Total open interest is 2,123, +4.9% 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

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Neighbours by open interest

← NRDS (#3161) OPRX (#3163) →

Questions people ask about INVA

Where is INVA's gamma max today?

As of Oct 2, 2026, the gamma max for INVA is 23.22, +13.3% from the 20.50 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 INVA above or below its delta neutral price?

INVA closed above delta neutral: 20.50 against a delta neutral price of 19.25. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does INVA have?

2,123 contracts of open interest across 24 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.