Data through close

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

As of close · rank #1479 by open interest · snapshot page

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NMAX's nearest-expiration max pain is 10.00 for 2026-10-09, its GEX flip is 7.75, net GEX is 1,377,998, its put/call open-interest ratio is 0.50. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
9.52
prev 9.87
Gamma max
10.03
+5.3% from close
Delta neutral
8.48
-10.9% from close
Gamma neutral
7.75
-18.6% from close
Open interest
22,808
-8.2% vs prev
Contracts listed
105
82 calls · 55 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
+5.0% from close
2026-10-09
GEX flip
7.75
-18.6% from close
Net GEX
1,377,998
6,041,731 per 100k OI
Call wall
10.00
+5.0% from close
Put wall
10.00
+5.0% from close
Put/call OI
0.50
7,567 puts / 15,241 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
48.4
within trailing 52-week range
Front / back ATM IV
+59.3% / +52.4%
6.9 pp front premium
Expected move
+8.2%
7 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
-209.8 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.23
5,583 contracts traded
Normalized net delta
0.138
option-holder convention
Modeled dealer delta
-0.133
opposite-side scenario
Vanna / 100k OI
2,507
volatility-sensitive delta
Charm / 100k OI
-249,793
time-decay-sensitive delta
IV surface range
216.6 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

NMAX closed 5.3% below its gamma max of 10.03. It is 10.9% above the delta neutral price of 8.48. Total open interest is 22,808, -8.2% 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

← DK (#1478) ILMN (#1480) →

Questions people ask about NMAX

Where is NMAX's gamma max today?

As of Oct 2, 2026, the gamma max for NMAX is 10.03, +5.3% from the 9.52 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 NMAX above or below its delta neutral price?

NMAX closed above delta neutral: 9.52 against a delta neutral price of 8.48. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does NMAX have?

22,808 contracts of open interest across 105 listed contracts on Oct 2, 2026, -8.2% 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.