Data through close

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

As of close · rank #1928 by open interest · snapshot page

IVR's nearest-expiration max pain is 7.00 for 2026-11-20, net GEX is 173,756, its put/call open-interest ratio is 0.58. These are whole-chain derived aggregates as of Oct 23, 2026 close.

IVR max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
7.00
+26.4% from close
Expiry: 2026-11-20
GEX flip
–
Net GEX
173,756
1,511,313 per 100k OI
Call wall
6.00
+8.3% from close
Put wall
6.00
+8.3% from close
Put/call OI
0.58
4,218 puts / 7,279 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
5.54
prev 5.52
Gamma max
7.78
+40.4% from close
Delta neutral
5.75
+3.9% from close
Gamma neutral
5.54
0.0% from close
Open interest
11,497
+0.5% vs prev
Contracts listed
40
34 calls · 32 puts

Advanced options analysis

Public aggregate 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
0.8
within trailing 52-week range
Front IV premium
– pp
front minus back volatility difference
25Δ risk reversal
21.0 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
95 contracts traded
Normalized net delta
-0.058
option-holder convention
Modeled dealer delta
0.057
opposite-side scenario
Vanna / 100k OI
452
volatility-sensitive delta
Charm / 100k OI
-192,355
time-decay-sensitive delta
IV surface range
90.9 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

IVR closed 40.4% below its gamma max of 7.78. It is 3.9% below the delta neutral price of 5.75. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 11,497, +0.5% 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

Daily ticker aggregates through 2026-10-23. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

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In today's screens

Neighbours by open interest

Questions people ask about IVR

What is IVR's max pain for the nearest expiration?

As of Oct 23, 2026 close, nearest-expiration max pain is 7.00 for the 2026-11-20 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do IVR's gamma exposure and gamma flip show?

Signed net GEX is 173,756 as of Oct 23, 2026 close. No confirmed GEX flip is available; this does not imply a zero exposure level. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is IVR's gamma max today?

As of Oct 23, 2026, the gamma max for IVR is 7.78, +40.4% from the 5.54 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 IVR above or below its delta neutral price?

IVR closed below delta neutral: 5.54 against a delta neutral price of 5.75. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does IVR have?

11,497 contracts of open interest across 40 listed contracts on Oct 23, 2026, +0.5% 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.