LVS max pain, gamma exposure (GEX) & options open interest
As of close · rank #453 by open interest · 1,394 sessions of history since Dec 1, 2020
LVS's nearest-expiration max pain is 37.50 for 2026-10-09, net GEX is 3,441,145, its put/call open-interest ratio is 0.46. 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: IV rank 100 · 25Δ risk reversal 46.1 pp · front IV premium 0.3 pp
LVS closed 22.0% below its gamma max of 44.19. It is 1.6% below the delta neutral price of 36.80. Total open interest is 168,540, -1.6% versus the previous session. Its options catalyst-intensity score is 55.0 out of 100, led by IV rank 100, 25Δ risk reversal 46.1 pp, front IV premium 0.3 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 | +782 contracts · +0.7% |
| Put OI change, 1 session | -3,468 contracts · -6.1% |
| Call minus put OI growth, 1 session | +6.8 pp |
| Call OI change, 5 sessions | +5,736 contracts · +5.2% |
| Put OI change, 5 sessions | +5,985 contracts · +12.7% |
| Call minus put OI growth, 5 sessions | -7.5 pp |
| Daily call OI change surprise | +0.13σ (252 prior changes) |
| Daily put OI change surprise | -0.56σ (252 prior changes) |
| Daily call-minus-put growth surprise | +1.54σ (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 44 completed Day +10 paths · latest Apr 20, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 44 | +0.2% | -0.8% to +1.9% | 59% | -0.2% to +0.9% | 0.0% |
| Day +2 | 44 | +0.5% | -0.4% to +1.8% | 64% | +0.1% to +1.0% | +0.1% |
| Day +3 | 44 | +0.1% | -1.3% to +2.2% | 50% | -0.2% to +1.6% | 0.0% |
| Day +4 | 44 | +0.5% | -1.4% to +3.3% | 57% | -0.5% to +2.1% | 0.0% |
| Day +5 | 44 | +0.9% | -2.4% to +3.2% | 55% | -1.0% to +2.1% | 0.0% |
| Day +6 | 44 | +0.3% | -3.2% to +4.2% | 52% | -1.5% to +2.5% | 0.0% |
| Day +7 | 44 | +1.2% | -2.5% to +4.8% | 52% | -1.6% to +3.2% | 0.0% |
| Day +8 | 44 | +0.4% | -2.8% to +4.2% | 57% | -0.7% to +2.8% | 0.0% |
| Day +9 | 44 | +1.0% | -3.2% to +5.0% | 52% | -1.3% to +2.1% | 0.0% |
| Day +10 | 44 | +0.8% | -3.2% to +5.3% | 52% | -1.2% to +3.6% | 0.0% |
Crosses above gamma max 44 completed Day +10 paths · latest Apr 17, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 44 | +0.1% | -1.0% to +1.0% | 52% | -0.5% to +0.5% | 0.0% |
| Day +2 | 44 | +0.3% | -1.4% to +2.9% | 52% | -0.8% to +1.4% | 0.0% |
| Day +3 | 44 | +0.6% | -1.4% to +2.2% | 52% | -0.8% to +1.7% | 0.0% |
| Day +4 | 44 | +0.7% | -1.4% to +3.4% | 52% | -0.4% to +1.6% | 0.0% |
| Day +5 | 44 | +0.7% | -1.4% to +3.0% | 57% | -0.3% to +1.5% | 0.0% |
| Day +6 | 44 | +0.4% | -1.7% to +3.4% | 55% | -0.6% to +2.4% | 0.0% |
| Day +7 | 44 | -0.4% | -3.3% to +4.7% | 48% | -2.0% to +1.4% | 0.0% |
| Day +8 | 44 | -0.1% | -3.9% to +4.0% | 50% | -2.1% to +2.5% | 0.0% |
| Day +9 | 44 | +1.0% | -3.1% to +3.7% | 57% | -1.4% to +2.8% | 0.0% |
| Day +10 | 44 | +0.2% | -3.0% to +4.1% | 52% | -1.5% 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 | 11% |
| Gamma max crosses | 26 |
| Delta neutral crosses | 11 |
| Prior-year sessions closer to gamma max | 100.0% of 252 |
| Prior-year sessions closer to delta neutral | 6.0% of 252 |
| Open interest percentile (1y) | 53th |
| Daily open interest change versus prior year | -0.18σ (-2,686 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +7.5% |
| Open interest change, 21 sessions | +4.4% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 38.78 vs 38.94 (-0.4%)
- closed above delta neutral at 38.99 vs 38.97 (+0.0%)
- closed below delta neutral at 38.65 vs 39.03 (-1.0%)
- closed above delta neutral at 47.76 vs 47.28 (+1.0%)
- closed below delta neutral at 46.15 vs 47.84 (-3.7%)
- closed above delta neutral at 47.76 vs 47.59 (+0.4%)
- closed below delta neutral at 47.80 vs 48.10 (-0.6%)
- closed above delta neutral at 48.67 vs 48.05 (+1.3%)
- closed below delta neutral at 48.13 vs 48.44 (-0.7%)
- closed below gamma max at 57.19 vs 57.83 (-1.1%)
In today's screens
Neighbours by open interest
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Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/LVS
Questions people ask about LVS
Where is LVS's gamma max today?
As of Oct 2, 2026, the gamma max for LVS is 44.19, +22.0% from the 36.23 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 LVS above or below its delta neutral price?
LVS closed below delta neutral: 36.23 against a delta neutral price of 36.80. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does LVS have?
168,540 contracts of open interest across 414 listed contracts on Oct 2, 2026, -1.6% 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.