LRCX max pain, gamma exposure (GEX) & options open interest
As of close · rank #193 by open interest · 1,394 sessions of history since Dec 1, 2020
LRCX's nearest-expiration max pain is 315.00 for 2026-10-09, its GEX flip is 313.85, net GEX is 10,560,483, its put/call open-interest ratio is 1.17. 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 0.10
LRCX closed 3.8% below its gamma max of 360.75. It is 10.7% above the delta neutral price of 310.14. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 525,008, -3.3% versus the previous session. Its options catalyst-intensity score is 39.9 out of 100, led by volume/OI 0.10. 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 | -13,918 contracts · -5.5% |
| Put OI change, 1 session | -3,955 contracts · -1.4% |
| Call minus put OI growth, 1 session | -4.1 pp |
| Call OI change, 5 sessions | +16,278 contracts · +7.2% |
| Put OI change, 5 sessions | +13,991 contracts · +5.2% |
| Call minus put OI growth, 5 sessions | +2.0 pp |
| Daily call OI change surprise | -0.85σ (252 prior changes) |
| Daily put OI change surprise | -0.19σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.70σ (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 27 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 | 27 | +0.9% | -0.6% to +1.4% | 59% | -0.5% to +1.3% | 0.0% |
| Day +2 | 27 | +0.8% | -1.4% to +2.2% | 63% | -0.4% to +1.8% | 0.0% |
| Day +3 | 27 | -0.6% | -2.3% to +1.0% | 41% | -2.1% to +0.8% | 0.0% |
| Day +4 | 27 | +0.4% | -0.8% to +1.2% | 59% | -0.3% to +1.1% | 0.0% |
| Day +5 | 27 | +0.8% | -2.8% to +2.2% | 59% | -1.1% to +1.5% | 0.0% |
| Day +6 | 27 | -0.2% | -2.3% to +3.0% | 48% | -1.9% to +1.4% | 0.0% |
| Day +7 | 27 | +0.9% | -3.2% to +3.2% | 56% | -2.6% to +1.9% | 0.0% |
| Day +8 | 27 | -0.5% | -3.4% to +4.3% | 48% | -2.1% to +2.3% | 0.0% |
| Day +9 | 27 | -1.2% | -4.1% to +3.7% | 44% | -3.2% to +2.7% | 0.0% |
| Day +10 | 27 | +1.5% | -5.3% to +4.3% | 52% | -3.1% to +2.8% | 0.0% |
Crosses above gamma max 28 completed Day +10 paths · latest Oct 1, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 29 | -0.2% | -2.1% to +2.0% | 45% | -1.9% to +1.2% | 0.0% |
| Day +2 | 28 | -0.6% | -2.4% to +2.2% | 43% | -1.6% to +1.2% | 0.0% |
| Day +3 | 28 | +0.5% | -1.7% to +2.5% | 54% | -1.4% to +2.0% | 0.0% |
| Day +4 | 28 | -1.9% | -3.5% to +1.4% | 36% | -2.7% to +0.2% | 0.0% |
| Day +5 | 28 | -0.3% | -2.8% to +1.5% | 46% | -1.1% to +1.2% | 0.0% |
| Day +6 | 28 | -0.2% | -3.1% to +3.5% | 50% | -1.6% to +1.7% | 0.0% |
| Day +7 | 28 | +0.6% | -4.4% to +4.1% | 57% | -2.9% to +3.3% | 0.0% |
| Day +8 | 28 | +0.8% | -4.5% to +4.5% | 54% | -3.1% to +3.6% | 0.0% |
| Day +9 | 28 | +1.9% | -4.3% to +4.3% | 57% | -3.8% to +3.4% | 0.0% |
| Day +10 | 28 | +0.7% | -3.6% to +5.5% | 50% | -2.2% to +2.9% | 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 | 15 |
| Delta neutral crosses | 26 |
| Prior-year sessions closer to gamma max | 18.7% of 252 |
| Prior-year sessions closer to delta neutral | 82.9% of 252 |
| Open interest percentile (1y) | 25th |
| Daily open interest change versus prior year | -0.49σ (-17,873 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +6.1% |
| Open interest change, 21 sessions | -6.7% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 347.49 vs 360.75 (-3.8%)
- closed above gamma max at 339.88 vs 336.13 (+1.1%)
- closed above delta neutral at 302.28 vs 288.50 (+4.6%)
- closed below delta neutral at 298.01 vs 298.47 (-0.2%)
- closed above delta neutral at 307.65 vs 300.93 (+2.2%)
- closed below delta neutral at 301.90 vs 304.58 (-0.9%)
- closed above delta neutral at 310.53 vs 308.51 (+0.6%)
- closed below delta neutral at 307.17 vs 309.29 (-0.7%)
- closed above delta neutral at 317.74 vs 300.99 (+5.3%)
- closed below delta neutral at 305.21 vs 313.94 (-2.9%)
In today's screens
Neighbours by open interest
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Canonical source: https://halfonadouble.com/stock/LRCX
Questions people ask about LRCX
Where is LRCX's gamma max today?
As of Oct 2, 2026, the gamma max for LRCX is 360.75, +3.8% from the 347.49 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 LRCX above or below its delta neutral price?
LRCX closed above delta neutral: 347.49 against a delta neutral price of 310.14. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does LRCX have?
525,008 contracts of open interest across 1,346 listed contracts on Oct 2, 2026, -3.3% 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.