LAES max pain, gamma exposure (GEX) & options open interest
As of close · rank #121 by open interest · 437 sessions of history since Jan 3, 2025
LAES's nearest-expiration max pain is 2.50 for 2026-10-09, net GEX is 33,355,054, its put/call open-interest ratio is 0.02. 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 90
LAES closed 6.9% below its gamma max of 2.53. It is 71.9% above the delta neutral price of 0.67. Total open interest is 843,724, -0.4% versus the previous session. Its options catalyst-intensity score is 48.1 out of 100, led by IV rank 90. 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 | -2,908 contracts · -0.4% |
| Put OI change, 1 session | -156 contracts · -0.9% |
| Call minus put OI growth, 1 session | +0.5 pp |
| Call OI change, 5 sessions | +11,120 contracts · +1.4% |
| Put OI change, 5 sessions | +147 contracts · +0.8% |
| Call minus put OI growth, 5 sessions | +0.5 pp |
| Daily call OI change surprise | -0.19σ (252 prior changes) |
| Daily put OI change surprise | -0.02σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.08σ (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 39 completed Day +10 paths · latest Sep 29, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 41 | +0.7% | -2.9% to +5.0% | 56% | -1.4% to +2.9% | 0.0% |
| Day +2 | 41 | +0.9% | -3.6% to +4.5% | 56% | -1.8% to +2.5% | 0.0% |
| Day +3 | 41 | -1.5% | -5.5% to +3.6% | 39% | -3.9% to +1.1% | 0.0% |
| Day +4 | 40 | -1.0% | -5.2% to +6.0% | 43% | -3.0% to +2.6% | 0.0% |
| Day +5 | 40 | -2.4% | -7.6% to +5.7% | 40% | -3.4% to +0.7% | 0.0% |
| Day +6 | 40 | -2.1% | -6.9% to +5.3% | 38% | -4.8% to +1.4% | 0.0% |
| Day +7 | 40 | -2.1% | -11.7% to +7.3% | 43% | -5.9% to +4.5% | 0.0% |
| Day +8 | 40 | -4.1% | -10.2% to +6.5% | 40% | -7.1% to +1.2% | 0.0% |
| Day +9 | 40 | -3.8% | -11.8% to +9.4% | 43% | -7.8% to +2.5% | 0.0% |
| Day +10 | 39 | -4.7% | -14.0% to +7.3% | 38% | -9.9% to +4.7% | 0.0% |
Crosses above gamma max 34 completed Day +10 paths · latest Sep 28, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 35 | +0.7% | -3.3% to +3.8% | 51% | -2.4% to +2.4% | 0.0% |
| Day +2 | 35 | -0.8% | -4.1% to +2.7% | 43% | -2.9% to +1.9% | 0.0% |
| Day +3 | 35 | -0.5% | -4.6% to +3.9% | 49% | -2.7% to +2.4% | 0.0% |
| Day +4 | 35 | -1.7% | -5.2% to +5.3% | 46% | -3.6% to +1.2% | 0.0% |
| Day +5 | 34 | -2.7% | -4.8% to +5.1% | 41% | -4.3% to +2.5% | 0.0% |
| Day +6 | 34 | -2.8% | -6.3% to +8.2% | 44% | -5.6% to +2.4% | 0.0% |
| Day +7 | 34 | -1.3% | -7.9% to +3.6% | 38% | -6.4% to +0.7% | 0.0% |
| Day +8 | 34 | -0.4% | -8.0% to +6.5% | 50% | -5.3% to +4.0% | 0.0% |
| Day +9 | 34 | -2.4% | -8.6% to +5.5% | 44% | -6.4% to +3.6% | 0.0% |
| Day +10 | 34 | -1.1% | -10.5% to +3.7% | 41% | -6.3% to +1.0% | 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 | 35% |
| Gamma max crosses | 65 |
| Delta neutral crosses | 0 |
| Prior-year sessions closer to gamma max | 63.1% of 252 |
| Prior-year sessions closer to delta neutral | 46.4% of 252 |
| Open interest percentile (1y) | 43th |
| Daily open interest change versus prior year | -0.17σ (-3,064 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +1.4% |
| Open interest change, 21 sessions | -1.1% |
| History available | Jan 3, 2025 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 2.32 vs 2.45 (-5.6%)
- closed above gamma max at 2.28 vs 2.20 (+3.4%)
- closed below gamma max at 2.36 vs 2.48 (-5.3%)
- closed above gamma max at 2.24 vs 2.17 (+2.9%)
- closed below gamma max at 2.48 vs 2.50 (-0.8%)
- closed above gamma max at 2.48 vs 2.48 (+0.1%)
- closed below gamma max at 2.54 vs 2.61 (-2.7%)
- closed above gamma max at 2.48 vs 2.45 (+1.1%)
- closed below gamma max at 2.54 vs 2.56 (-0.7%)
- closed above gamma max at 2.50 vs 2.49 (+0.2%)
In today's screens
Neighbours by open interest
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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/LAES
Questions people ask about LAES
Where is LAES's gamma max today?
As of Oct 2, 2026, the gamma max for LAES is 2.53, +6.9% from the 2.37 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 LAES above or below its delta neutral price?
LAES closed above delta neutral: 2.37 against a delta neutral price of 0.67. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does LAES have?
843,724 contracts of open interest across 148 listed contracts on Oct 2, 2026, -0.4% 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.