IONQ max pain, gamma exposure (GEX) & options open interest
As of close · rank #162 by open interest · 1,176 sessions of history since Oct 1, 2021
IONQ's nearest-expiration max pain is 42.00 for 2026-10-09, its GEX flip is 40.09, net GEX is 10,530,104, its put/call open-interest ratio is 0.83. 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 0.10 · 7d expected move +9.8%
IONQ closed 14.1% below its gamma max of 49.96. It is 7.8% above the delta neutral price of 40.34. Total open interest is 645,151, -7.1% versus the previous session. Its options catalyst-intensity score is 58.6 out of 100, led by volume/OI 0.10, 7d expected move +9.8%. 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 | -31,713 contracts · -8.3% |
| Put OI change, 1 session | -17,237 contracts · -5.6% |
| Call minus put OI growth, 1 session | -2.7 pp |
| Call OI change, 5 sessions | +6,766 contracts · +2.0% |
| Put OI change, 5 sessions | +3,268 contracts · +1.1% |
| Call minus put OI growth, 5 sessions | +0.8 pp |
| Daily call OI change surprise | -1.37σ (252 prior changes) |
| Daily put OI change surprise | -0.66σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.83σ (252 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
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 26 completed Day +10 paths · latest Sep 25, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 27 | +0.2% | -2.2% to +5.4% | 52% | -1.8% to +5.1% | 0.0% |
| Day +2 | 27 | +4.1% | -6.2% to +9.3% | 52% | -4.1% to +7.7% | 0.0% |
| Day +3 | 27 | +3.7% | -4.3% to +11.7% | 63% | -1.5% to +10.8% | 0.0% |
| Day +4 | 27 | +5.0% | -4.3% to +12.7% | 63% | -3.1% to +8.9% | 0.0% |
| Day +5 | 27 | +3.1% | -3.1% to +15.0% | 70% | +0.8% to +12.3% | +0.8% |
| Day +6 | 26 | +3.1% | -3.9% to +14.0% | 65% | -1.3% to +12.2% | 0.0% |
| Day +7 | 26 | +1.1% | -6.6% to +12.5% | 58% | -3.8% to +11.6% | 0.0% |
| Day +8 | 26 | -0.1% | -9.3% to +15.6% | 50% | -4.2% to +10.1% | 0.0% |
| Day +9 | 26 | -2.9% | -12.9% to +16.6% | 46% | -6.7% to +13.0% | 0.0% |
| Day +10 | 26 | +3.1% | -8.4% to +10.9% | 58% | -7.1% to +8.6% | 0.0% |
Crosses above gamma max 25 completed Day +10 paths · latest Sep 24, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 26 | +1.7% | -2.7% to +5.1% | 62% | -1.3% to +4.0% | 0.0% |
| Day +2 | 26 | -0.8% | -5.5% to +7.9% | 42% | -3.1% to +6.4% | 0.0% |
| Day +3 | 26 | +1.6% | -5.3% to +11.1% | 54% | -3.5% to +6.4% | 0.0% |
| Day +4 | 26 | +1.0% | -4.2% to +16.8% | 50% | -3.1% to +14.9% | 0.0% |
| Day +5 | 26 | +2.0% | -3.5% to +19.5% | 58% | -3.0% to +13.2% | 0.0% |
| Day +6 | 26 | +6.3% | -2.6% to +17.3% | 58% | -1.5% to +13.0% | 0.0% |
| Day +7 | 25 | +7.4% | -1.3% to +17.0% | 72% | +0.0% to +15.0% | +0.0% |
| Day +8 | 25 | +3.6% | -4.0% to +25.2% | 64% | -3.8% to +17.8% | 0.0% |
| Day +9 | 25 | +8.7% | -5.3% to +34.3% | 68% | -4.1% to +30.5% | 0.0% |
| Day +10 | 25 | +12.2% | -9.7% to +35.0% | 60% | -3.3% to +33.2% | 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 | 1% |
| Gamma max crosses | 6 |
| Delta neutral crosses | 26 |
| Prior-year sessions closer to gamma max | 28.6% of 252 |
| Prior-year sessions closer to delta neutral | 52.8% of 252 |
| Open interest percentile (1y) | 57th |
| Daily open interest change versus prior year | -1.02σ (-48,950 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +1.6% |
| Open interest change, 21 sessions | -6.9% |
| History available | Oct 1, 2021 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 45.48 vs 48.92 (-7.6%)
- closed above gamma max at 44.98 vs 44.96 (+0.0%)
- closed above delta neutral at 40.34 vs 38.31 (+5.0%)
- closed below delta neutral at 37.05 vs 37.50 (-1.2%)
- closed above delta neutral at 36.75 vs 36.73 (+0.1%)
- closed below delta neutral at 38.14 vs 38.35 (-0.6%)
- closed above delta neutral at 39.02 vs 38.67 (+0.9%)
- closed below delta neutral at 37.78 vs 38.64 (-2.3%)
- closed above delta neutral at 38.85 vs 37.99 (+2.2%)
- closed below delta neutral at 45.31 vs 47.56 (-5.0%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/IONQ
Questions people ask about IONQ
Where is IONQ's gamma max today?
As of Oct 2, 2026, the gamma max for IONQ is 49.96, +14.1% from the 43.77 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 IONQ above or below its delta neutral price?
IONQ closed above delta neutral: 43.77 against a delta neutral price of 40.34. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does IONQ have?
645,151 contracts of open interest across 606 listed contracts on Oct 2, 2026, -7.1% 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.