LI max pain, gamma exposure (GEX) & options open interest
As of close · rank #522 by open interest · 1,394 sessions of history since Dec 1, 2020
LI's nearest-expiration max pain is 11.50 for 2026-10-09, its GEX flip is 12.04, net GEX is -11,943,141, its put/call open-interest ratio is 0.74. 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: front IV premium -0.7 pp
LI closed 43.9% below its gamma max of 15.38. It is 13.0% below the delta neutral price of 12.08. Total open interest is 136,805, -3.9% versus the previous session. Its options catalyst-intensity score is 53.6 out of 100, led by front IV premium -0.7 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 | -4,723 contracts · -5.7% |
| Put OI change, 1 session | -761 contracts · -1.3% |
| Call minus put OI growth, 1 session | -4.4 pp |
| Call OI change, 5 sessions | -1,301 contracts · -1.6% |
| Put OI change, 5 sessions | +17,648 contracts · +43.7% |
| Call minus put OI growth, 5 sessions | -45.3 pp |
| Daily call OI change surprise | -0.31σ (252 prior changes) |
| Daily put OI change surprise | -0.05σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.77σ (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 above gamma max 22 completed Day +10 paths · latest May 13, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 22 | -0.9% | -2.1% to +1.2% | 36% | -1.8% to +0.6% | 0.0% |
| Day +2 | 22 | -2.1% | -2.8% to +1.0% | 41% | -2.8% to +0.8% | 0.0% |
| Day +3 | 22 | -0.9% | -1.6% to +3.0% | 36% | -1.6% to +2.0% | 0.0% |
| Day +4 | 22 | +0.8% | -2.6% to +3.8% | 55% | -2.6% to +3.0% | 0.0% |
| Day +5 | 22 | -0.6% | -5.0% to +2.1% | 45% | -3.9% to +2.0% | 0.0% |
| Day +6 | 22 | -1.5% | -5.7% to +3.7% | 41% | -5.7% to +3.4% | 0.0% |
| Day +7 | 22 | -0.2% | -3.6% to +2.8% | 50% | -3.5% to +2.6% | 0.0% |
| Day +8 | 22 | +0.4% | -7.4% to +3.9% | 50% | -6.0% to +3.0% | 0.0% |
| Day +9 | 22 | +0.6% | -5.1% to +5.0% | 55% | -5.0% to +4.5% | 0.0% |
| Day +10 | 22 | -0.9% | -8.0% to +2.7% | 50% | -6.4% to +2.4% | 0.0% |
Crosses below gamma max 22 completed Day +10 paths · latest Feb 13, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 22 | -0.3% | -1.5% to +1.5% | 45% | -1.0% to +1.3% | 0.0% |
| Day +2 | 22 | +0.8% | -0.4% to +3.8% | 59% | -0.3% to +3.2% | 0.0% |
| Day +3 | 22 | -0.2% | -2.2% to +4.1% | 45% | -2.1% to +3.6% | 0.0% |
| Day +4 | 22 | -1.0% | -3.9% to +3.1% | 45% | -3.5% to +2.9% | 0.0% |
| Day +5 | 22 | -1.2% | -5.6% to +2.2% | 41% | -5.0% to +1.8% | 0.0% |
| Day +6 | 22 | -0.1% | -4.3% to +3.4% | 50% | -3.5% to +3.3% | 0.0% |
| Day +7 | 22 | +0.4% | -5.2% to +3.7% | 55% | -3.5% to +3.5% | 0.0% |
| Day +8 | 22 | +0.2% | -4.3% to +4.2% | 50% | -3.0% to +3.1% | 0.0% |
| Day +9 | 22 | -1.3% | -6.3% to +3.6% | 45% | -4.7% to +3.1% | 0.0% |
| Day +10 | 22 | -3.3% | -6.7% to +4.9% | 36% | -6.4% to +4.7% | 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 | 4% |
| Gamma max crosses | 10 |
| Delta neutral crosses | 17 |
| Prior-year sessions closer to gamma max | 79.4% of 252 |
| Prior-year sessions closer to delta neutral | 91.7% of 252 |
| Open interest percentile (1y) | 2th |
| Daily open interest change versus prior year | -0.23σ (-5,484 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +13.6% |
| Open interest change, 21 sessions | -27.8% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 13.63 vs 13.71 (-0.6%)
- closed above delta neutral at 13.80 vs 13.39 (+2.9%)
- closed below delta neutral at 16.69 vs 17.89 (-7.2%)
- closed below gamma max at 18.51 vs 21.25 (-14.8%)
- closed above gamma max at 20.02 vs 19.62 (+2.0%)
- closed above delta neutral at 17.88 vs 17.75 (+0.7%)
- closed below delta neutral at 17.83 vs 17.84 (-0.1%)
- closed above delta neutral at 17.75 vs 17.24 (+2.9%)
- closed below delta neutral at 17.13 vs 17.14 (-0.1%)
- closed above delta neutral at 16.70 vs 16.46 (+1.4%)
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/LI
Questions people ask about LI
Where is LI's gamma max today?
As of Oct 2, 2026, the gamma max for LI is 15.38, +43.9% from the 10.69 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 LI above or below its delta neutral price?
LI closed below delta neutral: 10.69 against a delta neutral price of 12.08. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does LI have?
136,805 contracts of open interest across 241 listed contracts on Oct 2, 2026, -3.9% 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.