LITE max pain, gamma exposure (GEX) & options open interest
As of close · rank #347 by open interest · 1,391 sessions of history since Dec 1, 2020
LITE's nearest-expiration max pain is 980.00 for 2026-10-09, its GEX flip is 1,008.45, net GEX is 3,282,604, its put/call open-interest ratio is 1.44. 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: volume/OI 0.23 · 7d expected move +9.6%
LITE closed 8.4% below its gamma max of 1,177.13. It is 12.1% above the delta neutral price of 953.63. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 248,135, -7.8% versus the previous session. Its options catalyst-intensity score is 47.6 out of 100, led by volume/OI 0.23, 7d expected move +9.6%. 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 | -12,249 contracts · -10.8% |
| Put OI change, 1 session | -8,863 contracts · -5.7% |
| Call minus put OI growth, 1 session | -5.0 pp |
| Call OI change, 5 sessions | +11,564 contracts · +12.8% |
| Put OI change, 5 sessions | +13,619 contracts · +10.2% |
| Call minus put OI growth, 5 sessions | +2.6 pp |
| Daily call OI change surprise | -1.62σ (248 prior changes) |
| Daily put OI change surprise | -1.00σ (248 prior changes) |
| Daily call-minus-put growth surprise | -1.11σ (248 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 28 completed Day +10 paths · latest Oct 2, 2026 fresh cross
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 28 | -0.0% | -2.0% to +1.2% | 50% | -1.1% to +0.7% | 0.0% |
| Day +2 | 28 | +0.2% | -1.2% to +1.5% | 57% | -0.4% to +1.2% | 0.0% |
| Day +3 | 28 | -0.0% | -0.7% to +1.8% | 46% | -0.4% to +1.1% | 0.0% |
| Day +4 | 28 | +1.1% | -0.5% to +4.5% | 64% | -0.1% to +3.8% | 0.0% |
| Day +5 | 28 | +1.7% | -1.4% to +5.0% | 61% | -1.1% to +3.8% | 0.0% |
| Day +6 | 28 | +2.5% | -1.6% to +5.8% | 64% | -1.0% to +4.8% | 0.0% |
| Day +7 | 28 | +2.6% | +0.6% to +6.8% | 79% | +1.6% to +4.5% | +1.6% |
| Day +8 | 28 | +3.0% | +0.0% to +7.2% | 75% | +0.9% to +4.0% | +0.9% |
| Day +9 | 28 | +1.8% | -1.7% to +8.6% | 57% | -0.4% to +7.3% | 0.0% |
| Day +10 | 28 | +3.5% | -2.8% to +8.9% | 64% | -1.3% to +6.0% | 0.0% |
Crosses above gamma max 25 completed Day +10 paths · latest Oct 1, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 26 | +0.2% | -2.1% to +1.5% | 54% | -1.4% to +0.8% | 0.0% |
| Day +2 | 25 | -0.4% | -2.0% to +2.2% | 48% | -1.5% to +2.0% | 0.0% |
| Day +3 | 25 | -0.4% | -3.0% to +3.7% | 36% | -2.6% to +1.2% | 0.0% |
| Day +4 | 25 | +0.9% | -2.4% to +4.5% | 56% | -2.3% to +2.1% | 0.0% |
| Day +5 | 25 | -0.8% | -2.8% to +3.5% | 44% | -2.7% to +3.5% | 0.0% |
| Day +6 | 25 | +0.5% | -3.5% to +4.1% | 52% | -3.0% to +3.7% | 0.0% |
| Day +7 | 25 | +0.6% | -3.2% to +4.8% | 52% | -2.7% to +4.6% | 0.0% |
| Day +8 | 25 | +1.7% | -2.0% to +6.2% | 56% | -1.8% to +5.3% | 0.0% |
| Day +9 | 25 | +2.1% | -2.2% to +5.1% | 60% | -2.1% to +5.1% | 0.0% |
| Day +10 | 25 | +1.2% | -3.3% to +7.1% | 56% | -2.3% to +7.0% | 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 | 3% |
| Gamma max crosses | 10 |
| Delta neutral crosses | 26 |
| Prior-year sessions closer to gamma max | 27.0% of 252 |
| Prior-year sessions closer to delta neutral | 60.3% of 252 |
| Open interest percentile (1y) | 91th |
| Daily open interest change versus prior year | -1.31σ (-21,112 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +11.3% |
| Open interest change, 21 sessions | -3.6% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 1,085.42 vs 1,177.13 (-8.4%)
- closed above gamma max at 1,045.78 vs 1,013.31 (+3.1%)
- closed above delta neutral at 919.40 vs 875.88 (+4.7%)
- closed below delta neutral at 835.03 vs 860.05 (-3.0%)
- closed above delta neutral at 881.26 vs 853.99 (+3.1%)
- closed below delta neutral at 847.37 vs 857.54 (-1.2%)
- closed above delta neutral at 885.57 vs 841.85 (+4.9%)
- closed below delta neutral at 830.17 vs 835.02 (-0.6%)
- closed above delta neutral at 879.28 vs 866.77 (+1.4%)
- closed below delta neutral at 827.60 vs 859.54 (-3.9%)
In today's screens
Neighbours by open interest
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Canonical source: https://halfonadouble.com/stock/LITE
Questions people ask about LITE
Where is LITE's gamma max today?
As of Oct 2, 2026, the gamma max for LITE is 1,177.13, +8.4% from the 1,085.42 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 LITE above or below its delta neutral price?
LITE closed above delta neutral: 1,085.42 against a delta neutral price of 953.63. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does LITE have?
248,135 contracts of open interest across 3,074 listed contracts on Oct 2, 2026, -7.8% 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.