JBS max pain, gamma exposure (GEX) & options open interest
As of close · rank #540 by open interest · 322 sessions of history since Jun 25, 2025
JBS's nearest-expiration max pain is 12.50 for 2026-10-16, net GEX is 7,318,907, its put/call open-interest ratio is 0.16. 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: OI change 0.27σ
JBS closed 13.3% below its gamma max of 13.22. It is 11.3% above the delta neutral price of 10.35. Total open interest is 131,859, +2.4% versus the previous session. Its options catalyst-intensity score is 31.7 out of 100, led by OI change 0.27σ. 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 | +1,696 contracts · +1.5% |
| Put OI change, 1 session | +1,399 contracts · +8.2% |
| Call minus put OI growth, 1 session | -6.7 pp |
| Call OI change, 5 sessions | +2,410 contracts · +2.2% |
| Put OI change, 5 sessions | +1,422 contracts · +8.4% |
| Call minus put OI growth, 5 sessions | -6.2 pp |
| Daily call OI change surprise | +0.19σ (252 prior changes) |
| Daily put OI change surprise | +0.46σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.27σ (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 6 completed Day +10 paths · latest Apr 17, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 6 | -0.8% | -1.8% to +0.0% | 33% | -2.2% to +0.7% | 0.0% |
| Day +2 | 6 | -0.1% | -2.3% to +0.7% | 50% | -4.6% to +2.0% | 0.0% |
| Day +3 | 6 | -1.3% | -2.0% to +0.4% | 33% | -3.1% to +4.2% | 0.0% |
| Day +4 | 6 | -1.8% | -4.1% to +1.7% | 33% | -5.3% to +7.8% | 0.0% |
| Day +5 | 6 | -1.6% | -5.1% to +3.8% | 33% | -7.0% to +6.5% | 0.0% |
| Day +6 | 6 | -1.0% | -5.0% to +4.1% | 33% | -8.1% to +11.5% | 0.0% |
| Day +7 | 6 | -1.5% | -3.9% to +3.5% | 33% | -8.8% to +14.1% | 0.0% |
| Day +8 | 6 | -1.8% | -7.0% to +2.7% | 33% | -10.9% to +16.1% | 0.0% |
| Day +9 | 6 | -2.3% | -7.3% to +2.2% | 33% | -9.2% to +20.3% | 0.0% |
| Day +10 | 6 | -3.6% | -5.2% to +3.1% | 33% | -9.2% to +21.4% | 0.0% |
Crosses above gamma max 6 completed Day +10 paths · latest Apr 9, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 6 | -0.2% | -0.5% to +1.0% | 33% | -5.2% to +1.8% | 0.0% |
| Day +2 | 6 | +0.6% | -0.6% to +1.5% | 67% | -3.6% to +4.0% | 0.0% |
| Day +3 | 6 | +2.0% | -0.9% to +2.1% | 67% | -1.9% to +7.5% | 0.0% |
| Day +4 | 6 | +2.6% | -0.4% to +4.5% | 67% | -3.6% to +6.2% | 0.0% |
| Day +5 | 6 | +3.7% | +0.5% to +5.8% | 67% | -2.8% to +10.7% | 0.0% |
| Day +6 | 6 | +2.9% | -0.1% to +8.4% | 67% | -3.9% to +13.3% | 0.0% |
| Day +7 | 6 | +3.1% | +0.5% to +7.1% | 67% | -5.0% to +15.4% | 0.0% |
| Day +8 | 6 | +3.0% | +0.2% to +6.4% | 67% | -3.8% to +19.5% | 0.0% |
| Day +9 | 6 | +3.6% | -0.6% to +6.2% | 67% | -5.1% to +20.6% | 0.0% |
| Day +10 | 6 | +3.3% | -1.1% to +5.3% | 67% | -8.5% to +18.1% | 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 | 19% |
| Gamma max crosses | 6 |
| Delta neutral crosses | 12 |
| Prior-year sessions closer to gamma max | 44.8% of 252 |
| Prior-year sessions closer to delta neutral | 48.8% of 252 |
| Open interest percentile (1y) | 9th |
| Daily open interest change versus prior year | +0.27σ (3,095 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +3.0% |
| Open interest change, 21 sessions | -29.5% |
| History available | Jun 25, 2025 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 17.71 vs 18.97 (-7.1%)
- closed above gamma max at 18.42 vs 18.19 (+1.3%)
- closed below gamma max at 14.25 vs 16.82 (-18.0%)
- closed above gamma max at 15.03 vs 15.00 (+0.2%)
- closed below gamma max at 14.93 vs 15.00 (-0.5%)
- closed above gamma max at 15.31 vs 14.82 (+3.2%)
- closed above delta neutral at 13.26 vs 13.19 (+0.5%)
- closed below delta neutral at 13.16 vs 13.18 (-0.2%)
- closed above delta neutral at 13.24 vs 13.11 (+1.0%)
- closed below delta neutral at 13.10 vs 13.12 (-0.1%)
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/JBS
Questions people ask about JBS
Where is JBS's gamma max today?
As of Oct 2, 2026, the gamma max for JBS is 13.22, +13.3% from the 11.67 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 JBS above or below its delta neutral price?
JBS closed above delta neutral: 11.67 against a delta neutral price of 10.35. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does JBS have?
131,859 contracts of open interest across 55 listed contracts on Oct 2, 2026, +2.4% 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.