Data through close

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

As of close · rank #2035 by open interest · snapshot page

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NTES's nearest-expiration max pain is 120.00 for 2026-10-16, its GEX flip is 115.64, net GEX is 107,114, its put/call open-interest ratio is 0.91. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
117.21
prev 120.61
Gamma max
128.02
+9.2% from close
Delta neutral
118.42
+1.0% from close
Gamma neutral
115.64
-1.3% from close
Open interest
10,757
+0.9% vs prev
Contracts listed
246
159 calls · 110 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
120.00
+2.4% from close
2026-10-16
GEX flip
115.64
-1.3% from close
Net GEX
107,114
995,760 per 100k OI
Call wall
120.00
+2.4% from close
Put wall
120.00
+2.4% from close
Put/call OI
0.91
5,129 puts / 5,628 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
13.7
within trailing 52-week range
Front / back ATM IV
+34.1% / +38.3%
-4.2 pp front premium
Expected move
+6.7%
14 DTE · one standard deviation
ATM straddle / spot
+5.2%
front-window midpoint premium
25Δ risk reversal
-0.9 pp
put IV minus call IV
IV butterfly
0.0 pp
front-window smile convexity
Volume / open interest
0.02
186 contracts traded
Normalized net delta
0.012
option-holder convention
Modeled dealer delta
-0.012
opposite-side scenario
Vanna / 100k OI
3,579
volatility-sensitive delta
Charm / 100k OI
20,554
time-decay-sensitive delta
IV surface range
56.5 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

NTES closed 9.2% below its gamma max of 128.02. It is 1.0% below the delta neutral price of 118.42. Total open interest is 10,757, +0.9% 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

← AROC (#2034) RLX (#2036) →

Questions people ask about NTES

Where is NTES's gamma max today?

As of Oct 2, 2026, the gamma max for NTES is 128.02, +9.2% from the 117.21 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 NTES above or below its delta neutral price?

NTES closed below delta neutral: 117.21 against a delta neutral price of 118.42. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does NTES have?

10,757 contracts of open interest across 246 listed contracts on Oct 2, 2026, +0.9% 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.