LOW max pain, gamma exposure (GEX) & options open interest
As of close · rank #566 by open interest · 1,394 sessions of history since Dec 1, 2020
LOW's nearest-expiration max pain is 190.00 for 2026-10-09, its GEX flip is 200.68, net GEX is -10,076,011, its put/call open-interest ratio is 1.01. 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: OI change 0.23σ · IV rank 100 · 25Δ risk reversal -105.4 pp
LOW closed 20.9% below its gamma max of 218.67. It is 10.7% below the delta neutral price of 200.21. Total open interest is 124,572, +1.4% versus the previous session. Its options catalyst-intensity score is 62.0 out of 100, led by OI change 0.23σ, IV rank 100, 25Δ risk reversal -105.4 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 | +842 contracts · +1.4% |
| Put OI change, 1 session | +926 contracts · +1.5% |
| Call minus put OI growth, 1 session | -0.1 pp |
| Call OI change, 5 sessions | +5,442 contracts · +9.6% |
| Put OI change, 5 sessions | +2,195 contracts · +3.6% |
| Call minus put OI growth, 5 sessions | +6.0 pp |
| Daily call OI change surprise | +0.19σ (252 prior changes) |
| Daily put OI change surprise | +0.26σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.07σ (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 11 completed Day +10 paths · latest Jan 14, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 11 | +0.5% | -1.1% to +0.8% | 55% | -1.6% to +0.9% | 0.0% |
| Day +2 | 11 | -0.1% | -2.0% to +1.5% | 45% | -2.6% to +1.8% | 0.0% |
| Day +3 | 11 | -1.5% | -2.0% to +1.0% | 45% | -2.1% to +1.3% | 0.0% |
| Day +4 | 11 | -0.9% | -2.4% to +1.2% | 45% | -3.1% to +1.6% | 0.0% |
| Day +5 | 11 | 0.0% | -3.5% to +1.0% | 45% | -3.6% to +1.0% | 0.0% |
| Day +6 | 11 | -1.2% | -4.9% to +2.2% | 45% | -5.4% to +2.3% | 0.0% |
| Day +7 | 11 | -1.2% | -5.0% to +1.7% | 45% | -5.5% to +2.3% | 0.0% |
| Day +8 | 11 | -1.2% | -5.2% to +1.3% | 36% | -5.9% to +2.1% | 0.0% |
| Day +9 | 11 | -2.0% | -4.5% to +1.0% | 27% | -4.7% to +2.2% | 0.0% |
| Day +10 | 11 | -2.9% | -4.4% to +0.7% | 27% | -5.8% to +1.8% | 0.0% |
Crosses above gamma max 11 completed Day +10 paths · latest Jan 9, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 11 | +1.1% | -0.5% to +1.3% | 64% | -1.0% to +1.4% | 0.0% |
| Day +2 | 11 | +0.5% | -1.0% to +2.6% | 55% | -1.3% to +2.6% | 0.0% |
| Day +3 | 11 | -0.1% | -1.4% to +1.6% | 45% | -2.1% to +1.7% | 0.0% |
| Day +4 | 11 | +0.1% | -1.4% to +1.8% | 55% | -1.6% to +3.1% | 0.0% |
| Day +5 | 11 | -0.9% | -1.9% to +2.5% | 45% | -1.9% to +3.9% | 0.0% |
| Day +6 | 11 | -0.2% | -2.3% to +0.3% | 36% | -3.4% to +0.4% | 0.0% |
| Day +7 | 11 | -0.3% | -3.1% to +2.5% | 45% | -4.9% to +2.9% | 0.0% |
| Day +8 | 11 | -1.2% | -3.9% to +1.9% | 45% | -4.3% to +2.7% | 0.0% |
| Day +9 | 11 | -1.2% | -3.8% to +1.1% | 45% | -4.4% to +1.4% | 0.0% |
| Day +10 | 11 | -1.3% | -3.5% to +1.8% | 45% | -3.9% to +2.4% | 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 | 1% |
| Gamma max crosses | 2 |
| Delta neutral crosses | 22 |
| Prior-year sessions closer to gamma max | 75.8% of 252 |
| Prior-year sessions closer to delta neutral | 99.6% of 252 |
| Open interest percentile (1y) | 76th |
| Daily open interest change versus prior year | +0.23σ (1,768 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +6.5% |
| Open interest change, 21 sessions | -2.4% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 217.34 vs 219.45 (-1.0%)
- closed above delta neutral at 220.74 vs 219.26 (+0.7%)
- closed below delta neutral at 215.99 vs 218.04 (-0.9%)
- closed above delta neutral at 221.25 vs 219.54 (+0.8%)
- closed below delta neutral at 218.88 vs 218.97 (-0.0%)
- closed above delta neutral at 219.88 vs 217.71 (+1.0%)
- closed below delta neutral at 215.68 vs 217.64 (-0.9%)
- closed above delta neutral at 218.24 vs 217.83 (+0.2%)
- closed below delta neutral at 245.19 vs 248.58 (-1.4%)
- closed above delta neutral at 251.72 vs 251.60 (+0.0%)
In today's screens
Neighbours by open interest
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Canonical source: https://halfonadouble.com/stock/LOW
Questions people ask about LOW
Where is LOW's gamma max today?
As of Oct 2, 2026, the gamma max for LOW is 218.67, +20.9% from the 180.80 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 LOW above or below its delta neutral price?
LOW closed below delta neutral: 180.80 against a delta neutral price of 200.21. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does LOW have?
124,572 contracts of open interest across 651 listed contracts on Oct 2, 2026, +1.4% 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.