Data through close

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

As of close · rank #3803 by open interest · snapshot page

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KWR's nearest-expiration max pain is 165.00 for 2026-10-16, its GEX flip is 200.91, net GEX is -3,761, its put/call open-interest ratio is 0.58. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
160.73
prev 158.39
Gamma max
175.62
+9.3% from close
Delta neutral
146.16
-9.1% from close
Gamma neutral
200.91
+25.0% from close
Open interest
792
+0.8% vs prev
Contracts listed
71
37 calls · 35 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
165.00
+2.7% from close
2026-10-16
GEX flip
200.91
+25.0% from close
Net GEX
-3,761
-474,852 per 100k OI
Call wall
140.00
-12.9% from close
Put wall
150.00
-6.7% from close
Put/call OI
0.58
290 puts / 502 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
34.1
within trailing 52-week range
Front / back ATM IV
+31.8% / +35.3%
-3.5 pp front premium
Expected move
+6.2%
14 DTE · one standard deviation
ATM straddle / spot
+5.2%
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
6 contracts traded
Normalized net delta
0.334
option-holder convention
Modeled dealer delta
-0.334
opposite-side scenario
Vanna / 100k OI
-4,293
volatility-sensitive delta
Charm / 100k OI
990,783
time-decay-sensitive delta
IV surface range
28.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

KWR closed 9.3% below its gamma max of 175.62. It is 9.1% above the delta neutral price of 146.16. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 792, +0.8% 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

Neighbours by open interest

← SITE (#3802) STXX (#3804) →

Questions people ask about KWR

Where is KWR's gamma max today?

As of Oct 2, 2026, the gamma max for KWR is 175.62, +9.3% from the 160.73 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 KWR above or below its delta neutral price?

KWR closed above delta neutral: 160.73 against a delta neutral price of 146.16. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does KWR have?

792 contracts of open interest across 71 listed contracts on Oct 2, 2026, +0.8% 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.