JBLU max pain, gamma exposure (GEX) & options open interest
As of close · rank #107 by open interest · 1,394 sessions of history since Dec 1, 2020
JBLU's nearest-expiration max pain is 4.50 for 2026-10-09, its GEX flip is 4.15, net GEX is -146,237, its put/call open-interest ratio is 1.11. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
Strongest relative signals: 25Δ risk reversal -157.4 pp
JBLU closed 23.3% below its gamma max of 5.12. It is 8.5% below the delta neutral price of 4.50. Total open interest is 937,422, -5.8% versus the previous session. Its options catalyst-intensity score is 54.5 out of 100, led by 25Δ risk reversal -157.4 pp. What gamma max means · What delta neutral means
Call versus put open interest changes
Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -52,278 contracts · -10.5% |
| Put OI change, 1 session | -4,930 contracts · -1.0% |
| Call minus put OI growth, 1 session | -9.5 pp |
| Call OI change, 5 sessions | +7,410 contracts · +1.7% |
| Put OI change, 5 sessions | +15,157 contracts · +3.2% |
| Call minus put OI growth, 5 sessions | -1.5 pp |
| Daily call OI change surprise | -2.34σ (252 prior changes) |
| Daily put OI change surprise | -0.45σ (252 prior changes) |
| Daily call-minus-put growth surprise | -2.48σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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Gamma walls
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What followed prior gamma-max crosses?
Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.
Crosses below gamma max 42 completed Day +10 paths · latest Aug 6, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 42 | -0.2% | -2.1% to +2.7% | 43% | -0.9% to +0.5% | 0.0% |
| Day +2 | 42 | -0.4% | -3.2% to +3.4% | 48% | -1.8% to +1.3% | 0.0% |
| Day +3 | 42 | -0.3% | -4.5% to +3.1% | 48% | -1.8% to +2.3% | 0.0% |
| Day +4 | 42 | -0.3% | -4.0% to +2.5% | 45% | -2.1% to +1.8% | 0.0% |
| Day +5 | 42 | -2.2% | -5.5% to +1.7% | 38% | -3.6% to +0.1% | 0.0% |
| Day +6 | 42 | -2.2% | -5.7% to +3.6% | 33% | -3.5% to -0.6% | -0.6% |
| Day +7 | 42 | -1.2% | -6.3% to +6.1% | 43% | -3.2% to +1.9% | 0.0% |
| Day +8 | 42 | -1.8% | -6.5% to +3.8% | 43% | -4.5% to +0.5% | 0.0% |
| Day +9 | 42 | +0.2% | -6.7% to +6.1% | 50% | -4.0% to +1.7% | 0.0% |
| Day +10 | 42 | -1.4% | -7.7% to +5.7% | 45% | -4.1% to +1.0% | 0.0% |
Crosses above gamma max 42 completed Day +10 paths · latest Aug 3, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 42 | -0.4% | -2.5% to +1.5% | 38% | -0.8% to +0.1% | 0.0% |
| Day +2 | 42 | 0.0% | -2.9% to +2.2% | 48% | -1.3% to +1.0% | 0.0% |
| Day +3 | 42 | +0.1% | -3.3% to +3.1% | 50% | -1.1% to +1.3% | 0.0% |
| Day +4 | 42 | -0.4% | -3.9% to +3.0% | 45% | -2.6% to +2.2% | 0.0% |
| Day +5 | 42 | -0.3% | -5.4% to +3.8% | 48% | -3.9% to +2.0% | 0.0% |
| Day +6 | 42 | -0.9% | -6.5% to +3.4% | 40% | -3.1% to +1.2% | 0.0% |
| Day +7 | 42 | +0.2% | -6.6% to +4.1% | 52% | -4.2% to +2.1% | 0.0% |
| Day +8 | 42 | -0.9% | -5.6% to +5.9% | 48% | -3.8% to +2.8% | 0.0% |
| Day +9 | 42 | -0.1% | -8.1% to +6.6% | 48% | -4.9% to +3.1% | 0.0% |
| Day +10 | 42 | -0.0% | -6.9% to +6.5% | 50% | -4.4% to +2.9% | 0.0% |
Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.
Last 252 sessions
| Sessions closed above gamma max | 6% |
| Gamma max crosses | 20 |
| Delta neutral crosses | 17 |
| Prior-year sessions closer to gamma max | 76.6% of 252 |
| Prior-year sessions closer to delta neutral | 56.0% of 252 |
| Open interest percentile (1y) | 84th |
| Daily open interest change versus prior year | -1.75σ (-57,208 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.5% |
| Open interest change, 21 sessions | -8.5% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 4.39 vs 4.50 (-2.4%)
- closed above delta neutral at 4.57 vs 4.56 (+0.3%)
- closed below delta neutral at 4.60 vs 4.78 (-3.9%)
- closed above delta neutral at 4.95 vs 4.88 (+1.5%)
- closed below delta neutral at 5.04 vs 5.05 (-0.2%)
- closed below gamma max at 6.19 vs 6.40 (-3.3%)
- closed above gamma max at 6.23 vs 6.15 (+1.2%)
- closed below gamma max at 6.03 vs 6.12 (-1.5%)
- closed above gamma max at 6.07 vs 5.97 (+1.7%)
- closed below gamma max at 5.72 vs 5.95 (-4.1%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/JBLU
Questions people ask about JBLU
Where is JBLU's gamma max today?
As of Oct 2, 2026, the gamma max for JBLU is 5.12, +23.3% from the 4.15 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 JBLU above or below its delta neutral price?
JBLU closed below delta neutral: 4.15 against a delta neutral price of 4.50. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does JBLU have?
937,422 contracts of open interest across 198 listed contracts on Oct 2, 2026, -5.8% 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.