Data through close

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

As of close · rank #3211 by open interest · snapshot page

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IWMI's nearest-expiration max pain is 50.00 for 2026-10-16, its GEX flip is 49.35, net GEX is 16,898, its put/call open-interest ratio is 0.71. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
49.48
prev 49.08
Gamma max
52.44
+6.0% from close
Delta neutral
50.64
+2.4% from close
Gamma neutral
49.35
-0.3% from close
Open interest
1,977
+3.4% vs prev
Contracts listed
69
25 calls · 47 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
50.00
+1.1% from close
2026-10-16
GEX flip
49.35
-0.3% from close
Net GEX
16,898
854,738 per 100k OI
Call wall
52.00
+5.1% from close
Put wall
50.00
+1.1% from close
Put/call OI
0.71
823 puts / 1,154 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
17.2
within trailing 52-week range
Front / back ATM IV
+22.3% / +19.1%
3.2 pp front premium
Expected move
+4.4%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
-24.6 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.05
94 contracts traded
Normalized net delta
-0.069
option-holder convention
Modeled dealer delta
0.069
opposite-side scenario
Vanna / 100k OI
2,226
volatility-sensitive delta
Charm / 100k OI
117,198
time-decay-sensitive delta
IV surface range
62.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

IWMI closed 6.0% below its gamma max of 52.44. It is 2.4% below the delta neutral price of 50.64. Total open interest is 1,977, +3.4% 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

← FEIM (#3210) SPAL (#3212) →

Questions people ask about IWMI

Where is IWMI's gamma max today?

As of Oct 2, 2026, the gamma max for IWMI is 52.44, +6.0% from the 49.48 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 IWMI above or below its delta neutral price?

IWMI closed below delta neutral: 49.48 against a delta neutral price of 50.64. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does IWMI have?

1,977 contracts of open interest across 69 listed contracts on Oct 2, 2026, +3.4% 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.