Data through close

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

As of close · rank #1477 by open interest · snapshot page

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IYW's nearest-expiration max pain is 255.00 for 2026-10-16, its GEX flip is 219.49, net GEX is 6,266,218, its put/call open-interest ratio is 0.29. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
269.69
prev 266.83
Gamma max
271.37
+0.6% from close
Delta neutral
231.49
-14.2% from close
Gamma neutral
219.49
-18.6% from close
Open interest
22,873
+0.2% vs prev
Contracts listed
142
90 calls · 72 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
255.00
-5.4% from close
2026-10-16
GEX flip
219.49
-18.6% from close
Net GEX
6,266,218
27,395,697 per 100k OI
Call wall
280.00
+3.8% from close
Put wall
225.00
-16.6% from close
Put/call OI
0.29
5,150 puts / 17,723 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
8.4
within trailing 52-week range
Front / back ATM IV
+22.6% / +23.8%
-1.3 pp front premium
Expected move
+4.4%
14 DTE · one standard deviation
ATM straddle / spot
+3.6%
front-window midpoint premium
25Δ risk reversal
6.8 pp
put IV minus call IV
IV butterfly
1.7 pp
front-window smile convexity
Volume / open interest
0.01
333 contracts traded
Normalized net delta
0.350
option-holder convention
Modeled dealer delta
-0.350
opposite-side scenario
Vanna / 100k OI
1,893
volatility-sensitive delta
Charm / 100k OI
-2,071,329
time-decay-sensitive delta
IV surface range
30.4 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

IYW closed 0.6% below its gamma max of 271.37. It is 14.2% above the delta neutral price of 231.49. Total open interest is 22,873, +0.2% 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

← YELP (#1476) DK (#1478) →

Questions people ask about IYW

Where is IYW's gamma max today?

As of Oct 2, 2026, the gamma max for IYW is 271.37, +0.6% from the 269.69 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 IYW above or below its delta neutral price?

IYW closed above delta neutral: 269.69 against a delta neutral price of 231.49. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does IYW have?

22,873 contracts of open interest across 142 listed contracts on Oct 2, 2026, +0.2% 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.