Data through close

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

As of close · rank #2355 by open interest · snapshot page

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NWG's nearest-expiration max pain is 17.50 for 2026-10-16, its GEX flip is 16.87, net GEX is 79,882, its put/call open-interest ratio is 1.10. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
17.67
prev 17.40
Gamma max
18.79
+6.3% from close
Delta neutral
17.29
-2.2% from close
Gamma neutral
16.87
-4.5% from close
Open interest
6,905
-8.8% vs prev
Contracts listed
30
22 calls · 16 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
17.50
-1.0% from close
2026-10-16
GEX flip
16.87
-4.5% from close
Net GEX
79,882
1,156,867 per 100k OI
Call wall
17.50
-1.0% from close
Put wall
17.50
-1.0% from close
Put/call OI
1.10
3,611 puts / 3,294 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
0.0
within trailing 52-week range
Front / back ATM IV
+32.5% / +34.7%
-2.2 pp front premium
Expected move
+6.4%
14 DTE · one standard deviation
ATM straddle / spot
+5.0%
front-window midpoint premium
25Δ risk reversal
13.5 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
48 contracts traded
Normalized net delta
0.053
option-holder convention
Modeled dealer delta
-0.052
opposite-side scenario
Vanna / 100k OI
-145
volatility-sensitive delta
Charm / 100k OI
-129,457
time-decay-sensitive delta
IV surface range
33.6 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

NWG closed 6.3% below its gamma max of 18.79. It is 2.2% above the delta neutral price of 17.29. Total open interest is 6,905, -8.8% 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

← EAF (#2354) DLB (#2356) →

Questions people ask about NWG

Where is NWG's gamma max today?

As of Oct 2, 2026, the gamma max for NWG is 18.79, +6.3% from the 17.67 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 NWG above or below its delta neutral price?

NWG closed above delta neutral: 17.67 against a delta neutral price of 17.29. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does NWG have?

6,905 contracts of open interest across 30 listed contracts on Oct 2, 2026, -8.8% 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.