Data through close

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

As of close · rank #1034 by open interest · snapshot page

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NTAP's nearest-expiration max pain is 190.00 for 2026-10-16, its GEX flip is 182.73, net GEX is 2,060,782, its put/call open-interest ratio is 0.75. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
226.27
prev 215.05
Gamma max
218.87
-3.3% from close
Delta neutral
187.70
-17.0% from close
Gamma neutral
182.73
-19.2% from close
Open interest
46,118
+0.5% vs prev
Contracts listed
329
257 calls · 217 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
190.00
-16.0% from close
2026-10-16
GEX flip
182.73
-19.2% from close
Net GEX
2,060,782
4,468,498 per 100k OI
Call wall
210.00
-7.2% from close
Put wall
200.00
-11.6% from close
Put/call OI
0.75
19,759 puts / 26,359 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
44.7
within trailing 52-week range
Front / back ATM IV
+49.1% / +48.2%
0.9 pp front premium
Expected move
+9.6%
14 DTE · one standard deviation
ATM straddle / spot
+7.5%
front-window midpoint premium
25Δ risk reversal
4.8 pp
put IV minus call IV
IV butterfly
-7.8 pp
front-window smile convexity
Volume / open interest
0.19
8,855 contracts traded
Normalized net delta
0.357
option-holder convention
Modeled dealer delta
-0.353
opposite-side scenario
Vanna / 100k OI
15
volatility-sensitive delta
Charm / 100k OI
-5,936,829
time-decay-sensitive delta
IV surface range
42.4 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

NTAP closed 3.3% above its gamma max of 218.87. It is 17.0% above the delta neutral price of 187.70. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 46,118, +0.5% 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

Neighbours by open interest

← OCUL (#1033) TENX (#1035) →

Questions people ask about NTAP

Where is NTAP's gamma max today?

As of Oct 2, 2026, the gamma max for NTAP is 218.87, -3.3% from the 226.27 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 NTAP above or below its delta neutral price?

NTAP closed above delta neutral: 226.27 against a delta neutral price of 187.70. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does NTAP have?

46,118 contracts of open interest across 329 listed contracts on Oct 2, 2026, +0.5% 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.