Data through close

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

As of close · rank #1298 by open interest · snapshot page

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NOC's nearest-expiration max pain is 515.00 for 2026-10-16, its GEX flip is 521.67, net GEX is -1,498,689, its put/call open-interest ratio is 1.11. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
478.00
prev 482.00
Gamma max
595.03
+24.5% from close
Delta neutral
517.23
+8.2% from close
Gamma neutral
521.67
+9.1% from close
Open interest
29,407
+2.5% vs prev
Contracts listed
770
477 calls · 348 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
515.00
+7.7% from close
2026-10-16
GEX flip
521.67
+9.1% from close
Net GEX
-1,498,689
-5,096,367 per 100k OI
Call wall
520.00
+8.8% from close
Put wall
530.00
+10.9% from close
Put/call OI
1.11
15,441 puts / 13,966 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
17.0
within trailing 52-week range
Front / back ATM IV
+26.5% / +30.2%
-3.7 pp front premium
Expected move
+5.2%
14 DTE · one standard deviation
ATM straddle / spot
+3.9%
front-window midpoint premium
25Δ risk reversal
-115.2 pp
put IV minus call IV
IV butterfly
0.5 pp
front-window smile convexity
Volume / open interest
0.05
1,428 contracts traded
Normalized net delta
-0.149
option-holder convention
Modeled dealer delta
0.149
opposite-side scenario
Vanna / 100k OI
1,632
volatility-sensitive delta
Charm / 100k OI
907,828
time-decay-sensitive delta
IV surface range
88.5 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

NOC closed 24.5% below its gamma max of 595.03. It is 8.2% below the delta neutral price of 517.23. Total open interest is 29,407, +2.5% 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

← FRSH (#1297) YOU (#1299) →

Questions people ask about NOC

Where is NOC's gamma max today?

As of Oct 2, 2026, the gamma max for NOC is 595.03, +24.5% from the 478.00 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 NOC above or below its delta neutral price?

NOC closed below delta neutral: 478.00 against a delta neutral price of 517.23. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does NOC have?

29,407 contracts of open interest across 770 listed contracts on Oct 2, 2026, +2.5% 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.