NOK max pain, gamma exposure (GEX) & options open interest
As of close · rank #30 by open interest · 1,394 sessions of history since Dec 1, 2020
NOK's nearest-expiration max pain is 10.00 for 2026-10-09, its GEX flip is 7.94, net GEX is 85,412,723, its put/call open-interest ratio is 0.38. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
NOK closed 14.4% below its gamma max of 12.12. It is 9.4% above the delta neutral price of 9.60. Total open interest is 3,089,787, -1.6% versus the previous session. Its options catalyst-intensity score is 38.9 out of 100. What gamma max means · What delta neutral means
Call versus put open interest changes
Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -38,807 contracts · -1.7% |
| Put OI change, 1 session | -10,150 contracts · -1.2% |
| Call minus put OI growth, 1 session | -0.5 pp |
| Call OI change, 5 sessions | +41,709 contracts · +1.9% |
| Put OI change, 5 sessions | +28,822 contracts · +3.5% |
| Call minus put OI growth, 5 sessions | -1.6 pp |
| Daily call OI change surprise | -0.48σ (252 prior changes) |
| Daily put OI change surprise | -0.35σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.01σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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Gamma walls
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What followed prior gamma-max crosses?
Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.
Crosses below gamma max 54 completed Day +10 paths · latest Jun 4, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 54 | -0.1% | -1.0% to +0.8% | 43% | -0.7% to +0.2% | 0.0% |
| Day +2 | 54 | -0.4% | -2.0% to +1.7% | 44% | -1.2% to +0.5% | 0.0% |
| Day +3 | 54 | -0.7% | -2.7% to +1.5% | 41% | -1.3% to +0.8% | 0.0% |
| Day +4 | 54 | -0.0% | -2.1% to +1.9% | 48% | -1.3% to +0.8% | 0.0% |
| Day +5 | 54 | +0.2% | -2.0% to +3.8% | 52% | -1.2% to +1.8% | 0.0% |
| Day +6 | 54 | +0.4% | -2.3% to +5.3% | 50% | -1.0% to +2.8% | 0.0% |
| Day +7 | 54 | +0.9% | -3.0% to +5.7% | 54% | -0.8% to +2.7% | 0.0% |
| Day +8 | 54 | +1.6% | -3.1% to +4.3% | 59% | -0.8% to +3.1% | 0.0% |
| Day +9 | 54 | +1.5% | -3.2% to +3.8% | 56% | -1.4% to +2.5% | 0.0% |
| Day +10 | 54 | +1.7% | -2.7% to +4.6% | 56% | -1.0% to +3.6% | 0.0% |
Crosses above gamma max 54 completed Day +10 paths · latest Jun 1, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 54 | 0.0% | -1.1% to +0.9% | 46% | -0.4% to +0.5% | 0.0% |
| Day +2 | 54 | -0.2% | -1.6% to +1.6% | 46% | -0.8% to +0.6% | 0.0% |
| Day +3 | 54 | -0.9% | -2.8% to +0.9% | 35% | -1.6% to 0.0% | 0.0% |
| Day +4 | 54 | -0.8% | -2.7% to +2.2% | 31% | -2.1% to -0.2% | -0.2% |
| Day +5 | 54 | -1.0% | -2.7% to +2.0% | 44% | -1.6% to +0.7% | 0.0% |
| Day +6 | 54 | -0.7% | -2.4% to +1.3% | 39% | -1.6% to +0.2% | 0.0% |
| Day +7 | 54 | -0.4% | -2.4% to +3.3% | 44% | -1.8% to +0.8% | 0.0% |
| Day +8 | 54 | -0.1% | -2.6% to +3.3% | 48% | -1.3% to +1.4% | 0.0% |
| Day +9 | 54 | +0.1% | -3.7% to +3.2% | 50% | -2.1% to +2.0% | 0.0% |
| Day +10 | 54 | +0.4% | -4.1% to +3.5% | 52% | -2.2% to +2.1% | 0.0% |
Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.
Last 252 sessions
| Sessions closed above gamma max | 19% |
| Gamma max crosses | 28 |
| Delta neutral crosses | 4 |
| Prior-year sessions closer to gamma max | 83.3% of 252 |
| Prior-year sessions closer to delta neutral | 16.7% of 252 |
| Open interest percentile (1y) | 65th |
| Daily open interest change versus prior year | -0.46σ (-48,957 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.3% |
| Open interest change, 21 sessions | -13.2% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 9.45 vs 9.17 (+3.0%)
- closed below delta neutral at 9.13 vs 9.20 (-0.7%)
- closed above delta neutral at 9.09 vs 9.01 (+0.9%)
- closed below delta neutral at 9.10 vs 9.34 (-2.6%)
- closed below gamma max at 16.62 vs 17.25 (-3.8%)
- closed above gamma max at 16.25 vs 15.54 (+4.4%)
- closed below gamma max at 15.66 vs 16.19 (-3.4%)
- closed above gamma max at 15.46 vs 14.69 (+5.0%)
- closed below gamma max at 13.95 vs 14.36 (-2.9%)
- closed above gamma max at 12.82 vs 12.15 (+5.2%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/NOK
Questions people ask about NOK
Where is NOK's gamma max today?
As of Oct 2, 2026, the gamma max for NOK is 12.12, +14.4% from the 10.60 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 NOK above or below its delta neutral price?
NOK closed above delta neutral: 10.60 against a delta neutral price of 9.60. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does NOK have?
3,089,787 contracts of open interest across 527 listed contracts on Oct 2, 2026, -1.6% 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.