Data through close

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

As of close · rank #1968 by open interest · snapshot page

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NBR's nearest-expiration max pain is 85.00 for 2026-10-16, its GEX flip is 85.61, net GEX is -102,994, its put/call open-interest ratio is 2.17. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
79.64
prev 79.83
Gamma max
108.54
+36.3% from close
Delta neutral
80.85
+1.5% from close
Gamma neutral
85.61
+7.5% from close
Open interest
11,686
+0.2% vs prev
Contracts listed
90
67 calls · 36 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
85.00
+6.7% from close
2026-10-16
GEX flip
85.61
+7.5% from close
Net GEX
-102,994
-881,342 per 100k OI
Call wall
135.00
+69.5% from close
Put wall
80.00
+0.5% from close
Put/call OI
2.17
8,000 puts / 3,686 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
28.0
within trailing 52-week range
Front / back ATM IV
+56.6% / +55.5%
1.2 pp front premium
Expected move
+11.1%
14 DTE · one standard deviation
ATM straddle / spot
+8.5%
front-window midpoint premium
25Δ risk reversal
-8.7 pp
put IV minus call IV
IV butterfly
1.0 pp
front-window smile convexity
Volume / open interest
0.00
32 contracts traded
Normalized net delta
0.095
option-holder convention
Modeled dealer delta
-0.052
opposite-side scenario
Vanna / 100k OI
1,378
volatility-sensitive delta
Charm / 100k OI
552,576
time-decay-sensitive delta
IV surface range
66.3 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

NBR closed 36.3% below its gamma max of 108.54. It is 1.5% below the delta neutral price of 80.85. Total open interest is 11,686, +0.2% 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

← GOLD (#1967) MNSO (#1969) →

Questions people ask about NBR

Where is NBR's gamma max today?

As of Oct 2, 2026, the gamma max for NBR is 108.54, +36.3% from the 79.64 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 NBR above or below its delta neutral price?

NBR closed below delta neutral: 79.64 against a delta neutral price of 80.85. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does NBR have?

11,686 contracts of open interest across 90 listed contracts on Oct 2, 2026, +0.2% 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.