Data through close

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

As of close · rank #735 by open interest · snapshot page

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LMT's nearest-expiration max pain is 510.00 for 2026-10-09, its GEX flip is 516.67, net GEX is -1,829,952, its put/call open-interest ratio is 0.80. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
505.41
prev 505.50
Gamma max
573.11
+13.4% from close
Delta neutral
513.98
+1.7% from close
Gamma neutral
516.67
+2.2% from close
Open interest
81,470
-4.1% vs prev
Contracts listed
1,275
769 calls · 599 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
510.00
+0.9% from close
2026-10-09
GEX flip
516.67
+2.2% from close
Net GEX
-1,829,952
-2,246,167 per 100k OI
Call wall
500.00
-1.1% from close
Put wall
500.00
-1.1% from close
Put/call OI
0.80
36,297 puts / 45,173 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
87.6
within trailing 52-week range
Front / back ATM IV
+26.1% / +30.1%
-4.0 pp front premium
Expected move
+3.6%
7 DTE · one standard deviation
ATM straddle / spot
+2.6%
front-window midpoint premium
25Δ risk reversal
-1.3 pp
put IV minus call IV
IV butterfly
10.0 pp
front-window smile convexity
Volume / open interest
0.05
3,957 contracts traded
Normalized net delta
-0.019
option-holder convention
Modeled dealer delta
0.019
opposite-side scenario
Vanna / 100k OI
2,482
volatility-sensitive delta
Charm / 100k OI
817,997
time-decay-sensitive delta
IV surface range
81.2 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

LMT closed 13.4% below its gamma max of 573.11. It is 1.7% below the delta neutral price of 513.98. Total open interest is 81,470, -4.1% 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

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Neighbours by open interest

← SVIX (#734) NTR (#736) →

Questions people ask about LMT

Where is LMT's gamma max today?

As of Oct 2, 2026, the gamma max for LMT is 573.11, +13.4% from the 505.41 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 LMT above or below its delta neutral price?

LMT closed below delta neutral: 505.41 against a delta neutral price of 513.98. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does LMT have?

81,470 contracts of open interest across 1,275 listed contracts on Oct 2, 2026, -4.1% 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.