Data through close

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

As of close · rank #1010 by open interest · snapshot page

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NAT's nearest-expiration max pain is 7.00 for 2026-10-16, its GEX flip is 4.94, net GEX is 3,962,952, its put/call open-interest ratio is 0.44. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
8.42
prev 8.17
Gamma max
8.16
-3.1% from close
Delta neutral
6.30
-25.2% from close
Gamma neutral
4.94
-41.3% from close
Open interest
47,956
+0.7% vs prev
Contracts listed
64
50 calls · 51 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
7.00
-16.9% from close
2026-10-16
GEX flip
4.94
-41.3% from close
Net GEX
3,962,952
8,263,726 per 100k OI
Call wall
9.00
+6.9% from close
Put wall
8.00
-5.0% from close
Put/call OI
0.44
14,594 puts / 33,362 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
53.9
within trailing 52-week range
Front / back ATM IV
+46.4% / +47.1%
-0.7 pp front premium
Expected move
+9.1%
14 DTE · one standard deviation
ATM straddle / spot
+8.0%
front-window midpoint premium
25Δ risk reversal
0.9 pp
put IV minus call IV
IV butterfly
0.6 pp
front-window smile convexity
Volume / open interest
0.12
5,560 contracts traded
Normalized net delta
0.308
option-holder convention
Modeled dealer delta
-0.245
opposite-side scenario
Vanna / 100k OI
1,385
volatility-sensitive delta
Charm / 100k OI
-67,458
time-decay-sensitive delta
IV surface range
229.9 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

NAT closed 3.1% above its gamma max of 8.16. It is 25.2% above the delta neutral price of 6.30. Total open interest is 47,956, +0.7% 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

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Neighbours by open interest

← HSAI (#1009) CBRL (#1011) →

Questions people ask about NAT

Where is NAT's gamma max today?

As of Oct 2, 2026, the gamma max for NAT is 8.16, -3.1% from the 8.42 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 NAT above or below its delta neutral price?

NAT closed above delta neutral: 8.42 against a delta neutral price of 6.30. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does NAT have?

47,956 contracts of open interest across 64 listed contracts on Oct 2, 2026, +0.7% 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.