NRGV max pain, gamma exposure (GEX) & options open interest
As of close · rank #386 by open interest · 882 sessions of history since Feb 14, 2022
NRGV's nearest-expiration max pain is 4.00 for 2026-10-16, net GEX is 9,396,793, its put/call open-interest ratio is 0.14. 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.
Strongest relative signals: 14d expected move +18.8%
NRGV closed 2.5% above its gamma max of 3.84. It is 44.9% above the delta neutral price of 2.17. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 217,893, -0.1% versus the previous session. Its options catalyst-intensity score is 37.2 out of 100, led by 14d expected move +18.8%. 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 | -288 contracts · -0.2% |
| Put OI change, 1 session | +36 contracts · +0.1% |
| Call minus put OI growth, 1 session | -0.3 pp |
| Call OI change, 5 sessions | -694 contracts · -0.4% |
| Put OI change, 5 sessions | +91 contracts · +0.3% |
| Call minus put OI growth, 5 sessions | -0.7 pp |
| Daily call OI change surprise | -0.17σ (252 prior changes) |
| Daily put OI change surprise | -0.03σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.03σ (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 above gamma max 26 completed Day +10 paths · latest Oct 2, 2026 fresh cross
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 26 | +1.0% | -2.4% to +4.6% | 58% | -0.6% to +3.8% | 0.0% |
| Day +2 | 26 | +0.9% | -1.1% to +3.4% | 58% | -0.7% to +2.5% | 0.0% |
| Day +3 | 26 | +1.0% | -4.2% to +5.6% | 54% | -1.2% to +4.4% | 0.0% |
| Day +4 | 26 | +0.9% | -7.2% to +8.9% | 58% | -3.6% to +5.1% | 0.0% |
| Day +5 | 26 | +3.0% | -8.3% to +12.0% | 54% | -6.4% to +10.8% | 0.0% |
| Day +6 | 26 | +1.7% | -11.1% to +12.9% | 50% | -6.9% to +12.6% | 0.0% |
| Day +7 | 26 | +5.4% | -13.2% to +12.8% | 58% | -9.2% to +10.0% | 0.0% |
| Day +8 | 26 | +1.2% | -12.3% to +8.3% | 50% | -6.7% to +6.3% | 0.0% |
| Day +9 | 26 | -0.5% | -12.1% to +10.8% | 46% | -6.8% to +7.0% | 0.0% |
| Day +10 | 26 | -3.5% | -14.0% to +16.0% | 42% | -13.3% to +11.8% | 0.0% |
Crosses below gamma max 32 completed Day +10 paths · latest Oct 1, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 33 | +1.3% | -1.2% to +3.6% | 70% | +0.5% to +3.2% | +0.5% |
| Day +2 | 32 | -0.6% | -4.9% to +4.8% | 47% | -1.2% to +2.0% | 0.0% |
| Day +3 | 32 | -0.8% | -9.5% to +8.2% | 50% | -5.1% to +5.8% | 0.0% |
| Day +4 | 32 | -0.6% | -7.5% to +9.2% | 47% | -6.2% to +3.5% | 0.0% |
| Day +5 | 32 | +1.0% | -6.9% to +7.4% | 53% | -4.1% to +5.1% | 0.0% |
| Day +6 | 32 | -2.8% | -6.2% to +8.2% | 44% | -5.2% to +5.6% | 0.0% |
| Day +7 | 32 | -1.6% | -10.9% to +11.9% | 44% | -8.5% to +9.2% | 0.0% |
| Day +8 | 32 | -4.1% | -12.9% to +11.6% | 44% | -10.0% to +10.4% | 0.0% |
| Day +9 | 32 | -3.6% | -9.3% to +13.3% | 44% | -7.0% to +9.4% | 0.0% |
| Day +10 | 32 | -0.6% | -11.6% to +17.3% | 47% | -5.6% to +6.7% | 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 | 87% |
| Gamma max crosses | 38 |
| Delta neutral crosses | 0 |
| Prior-year sessions closer to gamma max | 11.1% of 252 |
| Prior-year sessions closer to delta neutral | 15.1% of 252 |
| Open interest percentile (1y) | 99th |
| Daily open interest change versus prior year | -0.14σ (-252 contracts; 252 prior changes) |
| Open interest change, 5 sessions | -0.3% |
| Open interest change, 21 sessions | +28.7% |
| History available | Feb 14, 2022 → Oct 2, 2026 |
Recent crosses
- closed above gamma max at 3.94 vs 3.84 (+2.5%)
- closed below gamma max at 3.89 vs 3.91 (-0.5%)
- closed above gamma max at 3.79 vs 3.69 (+2.5%)
- closed below gamma max at 3.40 vs 3.42 (-0.5%)
- closed above gamma max at 3.80 vs 3.11 (+18.2%)
- closed below gamma max at 3.86 vs 4.06 (-5.3%)
- closed above gamma max at 3.65 vs 2.73 (+25.2%)
- closed below gamma max at 3.82 vs 4.02 (-5.3%)
- closed above gamma max at 3.69 vs 2.73 (+26.0%)
- closed below gamma max at 3.92 vs 3.96 (-0.9%)
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/NRGV
Questions people ask about NRGV
Where is NRGV's gamma max today?
As of Oct 2, 2026, the gamma max for NRGV is 3.84, -2.5% from the 3.94 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 NRGV above or below its delta neutral price?
NRGV closed above delta neutral: 3.94 against a delta neutral price of 2.17. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does NRGV have?
217,893 contracts of open interest across 105 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.