LQDA max pain, gamma exposure (GEX) & options open interest
As of close · rank #411 by open interest · 1,334 sessions of history since Dec 1, 2020
LQDA's nearest-expiration max pain is 32.00 for 2026-10-09, net GEX is 3,538,613, its put/call open-interest ratio is 0.23. 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: 7d expected move +17.2% · front IV premium 7.6 pp · smile convexity -19.4 pp
LQDA closed 16.7% below its gamma max of 33.42. It is 9.9% above the delta neutral price of 25.79. Total open interest is 197,853, -17.4% versus the previous session. Its options catalyst-intensity score is 75.5 out of 100, led by 7d expected move +17.2%, front IV premium 7.6 pp, smile convexity -19.4 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 | -19,782 contracts · -11.0% |
| Put OI change, 1 session | -21,849 contracts · -36.9% |
| Call minus put OI growth, 1 session | +25.9 pp |
| Call OI change, 5 sessions | +9,414 contracts · +6.2% |
| Put OI change, 5 sessions | +2 contracts · +0.0% |
| Call minus put OI growth, 5 sessions | +6.2 pp |
| Daily call OI change surprise | -1.96σ (252 prior changes) |
| Daily put OI change surprise | -2.36σ (252 prior changes) |
| Daily call-minus-put growth surprise | +2.25σ (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 33 completed Day +10 paths · latest Jul 24, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 33 | -0.0% | -1.9% to +1.5% | 45% | -1.0% to +0.8% | 0.0% |
| Day +2 | 33 | +0.1% | -3.2% to +2.5% | 52% | -1.2% to +1.5% | 0.0% |
| Day +3 | 33 | +0.3% | -1.9% to +3.4% | 55% | -0.6% to +2.0% | 0.0% |
| Day +4 | 33 | -0.2% | -2.2% to +2.6% | 48% | -1.3% to +1.4% | 0.0% |
| Day +5 | 33 | +0.3% | -3.5% to +5.2% | 52% | -1.9% to +2.9% | 0.0% |
| Day +6 | 33 | -0.8% | -5.5% to +3.5% | 45% | -4.0% to +2.1% | 0.0% |
| Day +7 | 33 | +1.3% | -4.4% to +7.6% | 58% | -2.2% to +4.1% | 0.0% |
| Day +8 | 33 | +1.4% | -6.3% to +10.7% | 58% | -2.3% to +7.0% | 0.0% |
| Day +9 | 33 | +4.0% | -5.0% to +9.7% | 64% | -2.6% to +7.1% | 0.0% |
| Day +10 | 33 | +3.5% | -6.3% to +8.7% | 58% | -4.8% to +6.5% | 0.0% |
Crosses above gamma max 38 completed Day +10 paths · latest Jul 22, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 38 | +0.8% | -1.9% to +3.3% | 53% | -1.0% to +2.7% | 0.0% |
| Day +2 | 38 | +0.1% | -3.0% to +3.8% | 50% | -1.7% to +2.2% | 0.0% |
| Day +3 | 38 | +1.1% | -4.8% to +5.3% | 55% | -1.9% to +4.2% | 0.0% |
| Day +4 | 38 | +1.6% | -3.7% to +7.1% | 58% | -2.4% to +3.6% | 0.0% |
| Day +5 | 38 | +0.3% | -3.3% to +8.5% | 50% | -1.3% to +6.0% | 0.0% |
| Day +6 | 38 | +1.5% | -4.2% to +9.9% | 58% | -0.5% to +6.4% | 0.0% |
| Day +7 | 38 | +1.2% | -4.2% to +10.5% | 55% | -3.1% to +4.5% | 0.0% |
| Day +8 | 38 | +3.7% | -5.1% to +11.0% | 55% | -3.7% to +7.5% | 0.0% |
| Day +9 | 38 | +2.7% | -4.6% to +13.8% | 55% | -1.6% to +7.4% | 0.0% |
| Day +10 | 38 | +2.3% | -5.1% to +14.4% | 61% | -2.2% to +9.1% | 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 | 17% |
| Gamma max crosses | 30 |
| Delta neutral crosses | 2 |
| Prior-year sessions closer to gamma max | 73.8% of 252 |
| Prior-year sessions closer to delta neutral | 5.2% of 252 |
| Open interest percentile (1y) | 79th |
| Daily open interest change versus prior year | -2.24σ (-41,631 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +5.0% |
| Open interest change, 21 sessions | -10.7% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 28.64 vs 25.79 (+9.9%)
- closed below gamma max at 27.99 vs 30.15 (-7.7%)
- closed below delta neutral at 30.26 vs 34.72 (-14.7%)
- closed above gamma max at 30.26 vs 23.99 (+20.7%)
- closed below gamma max at 86.22 vs 87.48 (-1.5%)
- closed above gamma max at 87.04 vs 86.19 (+1.0%)
- closed below gamma max at 71.23 vs 72.74 (-2.1%)
- closed above gamma max at 71.64 vs 69.73 (+2.7%)
- closed below gamma max at 64.01 vs 65.41 (-2.2%)
- closed above gamma max at 61.85 vs 59.46 (+3.9%)
In today's screens
Neighbours by open interest
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Canonical source: https://halfonadouble.com/stock/LQDA
Questions people ask about LQDA
Where is LQDA's gamma max today?
As of Oct 2, 2026, the gamma max for LQDA is 33.42, +16.7% from the 28.64 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 LQDA above or below its delta neutral price?
LQDA closed above delta neutral: 28.64 against a delta neutral price of 25.79. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does LQDA have?
197,853 contracts of open interest across 652 listed contracts on Oct 2, 2026, -17.4% 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.