Data through close

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

As of close · rank #656 by open interest · snapshot page

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LW's nearest-expiration max pain is 45.00 for 2026-10-16, its GEX flip is 48.35, net GEX is -5,761,155, its put/call open-interest ratio is 2.56. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
43.60
prev 41.18
Gamma max
56.00
+28.4% from close
Delta neutral
46.05
+5.6% from close
Gamma neutral
48.35
+10.9% from close
Open interest
95,550
+1.3% vs prev
Contracts listed
198
117 calls · 99 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
45.00
+3.2% from close
2026-10-16
GEX flip
48.35
+10.9% from close
Net GEX
-5,761,155
-6,029,466 per 100k OI
Call wall
50.00
+14.7% from close
Put wall
37.50
-14.0% from close
Put/call OI
2.56
68,710 puts / 26,840 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
21.3
within trailing 52-week range
Front / back ATM IV
+64.5% / +45.9%
18.6 pp front premium
Expected move
+12.6%
14 DTE · one standard deviation
ATM straddle / spot
+10.0%
front-window midpoint premium
25Δ risk reversal
4.1 pp
put IV minus call IV
IV butterfly
3.4 pp
front-window smile convexity
Volume / open interest
0.05
4,331 contracts traded
Normalized net delta
-0.047
option-holder convention
Modeled dealer delta
0.047
opposite-side scenario
Vanna / 100k OI
3,855
volatility-sensitive delta
Charm / 100k OI
279,475
time-decay-sensitive delta
IV surface range
136.2 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

LW closed 28.4% below its gamma max of 56.00. It is 5.6% below the delta neutral price of 46.05. Total open interest is 95,550, +1.3% 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

Neighbours by open interest

← Z (#655) XHB (#657) →

Questions people ask about LW

Where is LW's gamma max today?

As of Oct 2, 2026, the gamma max for LW is 56.00, +28.4% from the 43.60 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 LW above or below its delta neutral price?

LW closed below delta neutral: 43.60 against a delta neutral price of 46.05. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does LW have?

95,550 contracts of open interest across 198 listed contracts on Oct 2, 2026, +1.3% 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.