Data through close

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

As of close · rank #1613 by open interest · snapshot page

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IWF's nearest-expiration max pain is 121.00 for 2026-10-16, its GEX flip is 83.09, net GEX is 6,334,754, its put/call open-interest ratio is 0.19. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
127.07
prev 125.73
Gamma max
125.07
-1.6% from close
Delta neutral
102.98
-19.0% from close
Gamma neutral
83.09
-34.6% from close
Open interest
19,028
-0.3% vs prev
Contracts listed
193
129 calls · 85 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
121.00
-4.8% from close
2026-10-16
GEX flip
83.09
-34.6% from close
Net GEX
6,334,754
33,291,749 per 100k OI
Call wall
130.00
+2.3% from close
Put wall
107.50
-15.4% from close
Put/call OI
0.19
3,026 puts / 16,002 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
31.2
within trailing 52-week range
Front / back ATM IV
+21.9% / +19.1%
2.8 pp front premium
Expected move
+4.3%
14 DTE · one standard deviation
ATM straddle / spot
+3.1%
front-window midpoint premium
25Δ risk reversal
13.6 pp
put IV minus call IV
IV butterfly
0.6 pp
front-window smile convexity
Volume / open interest
0.01
127 contracts traded
Normalized net delta
0.481
option-holder convention
Modeled dealer delta
-0.481
opposite-side scenario
Vanna / 100k OI
-1,182
volatility-sensitive delta
Charm / 100k OI
-2,880,949
time-decay-sensitive delta
IV surface range
53.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

IWF closed 1.6% above its gamma max of 125.07. It is 19.0% above the delta neutral price of 102.98. Total open interest is 19,028, -0.3% 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

← TTEK (#1612) MIST (#1614) →

Questions people ask about IWF

Where is IWF's gamma max today?

As of Oct 2, 2026, the gamma max for IWF is 125.07, -1.6% from the 127.07 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 IWF above or below its delta neutral price?

IWF closed above delta neutral: 127.07 against a delta neutral price of 102.98. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does IWF have?

19,028 contracts of open interest across 193 listed contracts on Oct 2, 2026, -0.3% 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.