Data through close

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

As of close · rank #1961 by open interest · snapshot page

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NGL's nearest-expiration max pain is 10.00 for 2026-10-16, its GEX flip is 12.48, net GEX is 706,293, its put/call open-interest ratio is 0.45. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
16.29
prev 15.60
Gamma max
17.45
+7.1% from close
Delta neutral
13.65
-16.2% from close
Gamma neutral
12.48
-23.4% from close
Open interest
11,756
+0.1% vs prev
Contracts listed
55
47 calls · 23 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
10.00
-38.6% from close
2026-10-16
GEX flip
12.48
-23.4% from close
Net GEX
706,293
6,007,935 per 100k OI
Call wall
20.00
+22.8% from close
Put wall
10.00
-38.6% from close
Put/call OI
0.45
3,627 puts / 8,129 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
0.0
within trailing 52-week range
Front / back ATM IV
+56.7% / +51.0%
5.7 pp front premium
Expected move
+11.1%
14 DTE · one standard deviation
ATM straddle / spot
+8.6%
front-window midpoint premium
25Δ risk reversal
42.4 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.00
20 contracts traded
Normalized net delta
0.157
option-holder convention
Modeled dealer delta
-0.129
opposite-side scenario
Vanna / 100k OI
3,028
volatility-sensitive delta
Charm / 100k OI
-65,822
time-decay-sensitive delta
IV surface range
103.1 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

NGL closed 7.1% below its gamma max of 17.45. It is 16.2% above the delta neutral price of 13.65. Total open interest is 11,756, +0.1% 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

← ARQQ (#1960) NGG (#1962) →

Questions people ask about NGL

Where is NGL's gamma max today?

As of Oct 2, 2026, the gamma max for NGL is 17.45, +7.1% from the 16.29 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 NGL above or below its delta neutral price?

NGL closed above delta neutral: 16.29 against a delta neutral price of 13.65. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does NGL have?

11,756 contracts of open interest across 55 listed contracts on Oct 2, 2026, +0.1% 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.