KSS max pain, gamma exposure (GEX) & options open interest
As of close · rank #500 by open interest · 1,394 sessions of history since Dec 1, 2020
KSS's nearest-expiration max pain is 18.50 for 2026-10-09, its GEX flip is 15.55, net GEX is 3,938,263, its put/call open-interest ratio is 1.06. 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: IV rank 100 · smile convexity 15.2 pp
KSS closed 4.3% below its gamma max of 19.61. It is 11.7% above the delta neutral price of 16.61. Total open interest is 145,196, -5.3% versus the previous session. Its options catalyst-intensity score is 60.2 out of 100, led by IV rank 100, smile convexity 15.2 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 | -6,127 contracts · -8.0% |
| Put OI change, 1 session | -2,026 contracts · -2.6% |
| Call minus put OI growth, 1 session | -5.4 pp |
| Call OI change, 5 sessions | +1,508 contracts · +2.2% |
| Put OI change, 5 sessions | +1,516 contracts · +2.1% |
| Call minus put OI growth, 5 sessions | +0.1 pp |
| Daily call OI change surprise | -0.74σ (252 prior changes) |
| Daily put OI change surprise | -0.16σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.12σ (252 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
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 19 completed Day +10 paths · latest Jul 23, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 19 | +0.3% | -1.7% to +1.9% | 58% | -1.4% to +1.3% | 0.0% |
| Day +2 | 19 | -0.9% | -4.0% to +3.6% | 47% | -3.7% to +3.3% | 0.0% |
| Day +3 | 19 | -1.4% | -3.5% to +4.3% | 47% | -3.4% to +4.3% | 0.0% |
| Day +4 | 19 | -0.8% | -3.8% to +2.6% | 37% | -3.7% to +2.1% | 0.0% |
| Day +5 | 19 | -0.2% | -5.5% to +1.1% | 47% | -5.2% to +1.1% | 0.0% |
| Day +6 | 19 | -1.7% | -6.6% to +2.5% | 42% | -6.0% to +2.0% | 0.0% |
| Day +7 | 19 | -1.2% | -5.8% to +3.1% | 37% | -5.3% to +2.0% | 0.0% |
| Day +8 | 19 | -1.9% | -6.5% to +4.8% | 47% | -4.8% to +4.1% | 0.0% |
| Day +9 | 19 | -0.1% | -5.7% to +7.2% | 47% | -5.5% to +6.4% | 0.0% |
| Day +10 | 19 | +1.4% | -5.4% to +8.0% | 63% | -5.3% to +6.6% | 0.0% |
Crosses above gamma max 18 completed Day +10 paths · latest Jul 22, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 18 | -1.0% | -3.4% to +0.6% | 33% | -2.7% to +0.4% | 0.0% |
| Day +2 | 18 | +0.1% | -4.7% to +1.1% | 50% | -4.3% to +1.1% | 0.0% |
| Day +3 | 18 | -2.2% | -4.1% to +0.9% | 33% | -3.8% to +0.6% | 0.0% |
| Day +4 | 18 | -1.9% | -5.7% to -0.4% | 22% | -3.8% to -0.7% | -0.7% |
| Day +5 | 18 | -0.9% | -5.6% to +1.2% | 28% | -3.6% to -0.1% | -0.1% |
| Day +6 | 18 | -2.8% | -4.9% to +1.4% | 33% | -3.9% to +1.0% | 0.0% |
| Day +7 | 18 | -4.1% | -7.9% to +0.4% | 33% | -7.3% to +0.3% | 0.0% |
| Day +8 | 18 | -2.9% | -9.5% to +2.6% | 39% | -8.5% to +0.8% | 0.0% |
| Day +9 | 18 | -2.3% | -7.3% to +2.1% | 33% | -6.7% to +0.2% | 0.0% |
| Day +10 | 18 | -1.8% | -7.6% to +2.7% | 33% | -5.1% to +1.7% | 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 | 2% |
| Gamma max crosses | 10 |
| Delta neutral crosses | 20 |
| Prior-year sessions closer to gamma max | 16.7% of 252 |
| Prior-year sessions closer to delta neutral | 82.1% of 252 |
| Open interest percentile (1y) | 26th |
| Daily open interest change versus prior year | -0.46σ (-8,153 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.1% |
| Open interest change, 21 sessions | -11.4% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 16.70 vs 16.41 (+1.7%)
- closed below delta neutral at 16.36 vs 16.56 (-1.2%)
- closed above delta neutral at 17.23 vs 16.27 (+5.6%)
- closed below delta neutral at 16.79 vs 16.93 (-0.8%)
- closed below gamma max at 18.20 vs 18.61 (-2.2%)
- closed above gamma max at 19.08 vs 19.02 (+0.3%)
- closed below gamma max at 18.89 vs 19.28 (-2.1%)
- closed above gamma max at 18.92 vs 18.57 (+1.9%)
- closed below gamma max at 14.35 vs 15.17 (-5.7%)
- closed above gamma max at 15.60 vs 15.00 (+3.9%)
In today's screens
Not in any screen today. See all 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/KSS
Questions people ask about KSS
Where is KSS's gamma max today?
As of Oct 2, 2026, the gamma max for KSS is 19.61, +4.3% from the 18.81 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 KSS above or below its delta neutral price?
KSS closed above delta neutral: 18.81 against a delta neutral price of 16.61. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does KSS have?
145,196 contracts of open interest across 357 listed contracts on Oct 2, 2026, -5.3% 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.