Data through close

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

As of close · rank #3100 by open interest · snapshot page

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IWN's nearest-expiration max pain is 220.00 for 2026-10-16, its GEX flip is 116.18, net GEX is 389,529, its put/call open-interest ratio is 0.32. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
212.34
prev 210.55
Gamma max
225.11
+6.0% from close
Delta neutral
202.46
-4.7% from close
Gamma neutral
116.18
-45.3% from close
Open interest
2,335
+1.4% vs prev
Contracts listed
107
67 calls · 46 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
220.00
+3.6% from close
2026-10-16
GEX flip
116.18
-45.3% from close
Net GEX
389,529
16,682,191 per 100k OI
Call wall
225.00
+6.0% from close
Put wall
215.00
+1.3% from close
Put/call OI
0.32
560 puts / 1,775 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
14.2
within trailing 52-week range
Front / back ATM IV
+18.6% / +18.3%
0.3 pp front premium
Expected move
+3.6%
14 DTE · one standard deviation
ATM straddle / spot
+5.6%
front-window midpoint premium
25Δ risk reversal
1.2 pp
put IV minus call IV
IV butterfly
0.1 pp
front-window smile convexity
Volume / open interest
0.05
118 contracts traded
Normalized net delta
0.163
option-holder convention
Modeled dealer delta
-0.163
opposite-side scenario
Vanna / 100k OI
1,842
volatility-sensitive delta
Charm / 100k OI
-413,662
time-decay-sensitive delta
IV surface range
35.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

IWN closed 6.0% below its gamma max of 225.11. It is 4.7% above the delta neutral price of 202.46. Total open interest is 2,335, +1.4% 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

← ALV (#3099) PICK (#3101) →

Questions people ask about IWN

Where is IWN's gamma max today?

As of Oct 2, 2026, the gamma max for IWN is 225.11, +6.0% from the 212.34 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 IWN above or below its delta neutral price?

IWN closed above delta neutral: 212.34 against a delta neutral price of 202.46. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does IWN have?

2,335 contracts of open interest across 107 listed contracts on Oct 2, 2026, +1.4% 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.