Data through close

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

As of close · rank #1139 by open interest · snapshot page

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KBWB's nearest-expiration max pain is 90.00 for 2026-10-16, its GEX flip is 65.87, net GEX is -361,278, its put/call open-interest ratio is 0.65. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
87.58
prev 87.05
Gamma max
103.22
+17.9% from close
Delta neutral
88.04
+0.5% from close
Gamma neutral
65.87
-24.8% from close
Open interest
38,561
+0.6% vs prev
Contracts listed
250
149 calls · 120 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
90.00
+2.8% from close
2026-10-16
GEX flip
65.87
-24.8% from close
Net GEX
-361,278
-936,900 per 100k OI
Call wall
88.00
+0.5% from close
Put wall
90.00
+2.8% from close
Put/call OI
0.65
15,227 puts / 23,334 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
2.5
within trailing 52-week range
Front / back ATM IV
+22.9% / +22.3%
0.6 pp front premium
Expected move
+4.5%
14 DTE · one standard deviation
ATM straddle / spot
+3.6%
front-window midpoint premium
25Δ risk reversal
-44.3 pp
put IV minus call IV
IV butterfly
1.1 pp
front-window smile convexity
Volume / open interest
0.18
6,938 contracts traded
Normalized net delta
-0.015
option-holder convention
Modeled dealer delta
0.015
opposite-side scenario
Vanna / 100k OI
2,668
volatility-sensitive delta
Charm / 100k OI
279,860
time-decay-sensitive delta
IV surface range
84.8 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

KBWB closed 17.9% below its gamma max of 103.22. It is 0.5% below the delta neutral price of 88.04. Total open interest is 38,561, +0.6% 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

← NBIG (#1138) WM (#1140) →

Questions people ask about KBWB

Where is KBWB's gamma max today?

As of Oct 2, 2026, the gamma max for KBWB is 103.22, +17.9% from the 87.58 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 KBWB above or below its delta neutral price?

KBWB closed below delta neutral: 87.58 against a delta neutral price of 88.04. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does KBWB have?

38,561 contracts of open interest across 250 listed contracts on Oct 2, 2026, +0.6% 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.