Data through close

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

As of close · rank #628 by open interest · 1,394 sessions of history since Dec 1, 2020

OKE's nearest-expiration max pain is 90.00 for 2026-10-16, its GEX flip is 75.51, net GEX is 5,810,871, its put/call open-interest ratio is 0.31. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
87.88
prev 87.16
Gamma max
98.40
+12.0% from close
Delta neutral
84.45
-3.9% from close
Gamma neutral
75.51
-14.1% from close
Open interest
102,351
+0.3% vs prev
Contracts listed
248
154 calls · 123 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
90.00
+2.4% from close
2026-10-16
GEX flip
75.51
-14.1% from close
Net GEX
5,810,871
5,677,395 per 100k OI
Call wall
95.00
+8.1% from close
Put wall
90.00
+2.4% from close
Put/call OI
0.31
24,378 puts / 77,973 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
49.1
cross-sectional score / 100
Directional score
35.9
relatively bullish positioning
IV rank
12.4
within trailing 52-week range
Front / back ATM IV
+28.8% / +30.2%
-1.3 pp front premium
Expected move
+5.7%
14 DTE · one standard deviation
ATM straddle / spot
+4.8%
front-window midpoint premium
25Δ risk reversal
-77.4 pp
put IV minus call IV
IV butterfly
-1.3 pp
front-window smile convexity
Volume / open interest
0.02
2,507 contracts traded
Normalized net delta
0.071
option-holder convention
Modeled dealer delta
-0.068
opposite-side scenario
Vanna / 100k OI
4,266
volatility-sensitive delta
Charm / 100k OI
163,702
time-decay-sensitive delta
IV surface range
80.4 pp
published contour maximum minus minimum

Strongest relative signals: 25Δ risk reversal -77.4 pp · OI change 0.03σ

Download the complete dated analysis JSON .

OKE closed 12.0% below its gamma max of 98.40. It is 3.9% above the delta neutral price of 84.45. Total open interest is 102,351, +0.3% versus the previous session. Its options catalyst-intensity score is 49.1 out of 100, led by 25Δ risk reversal -77.4 pp, OI change 0.03σ. 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.

OKE call and put open interest changes
Measure Value
Call OI change, 1 session +171 contracts · +0.2%
Put OI change, 1 session +137 contracts · +0.6%
Call minus put OI growth, 1 session -0.3 pp
Call OI change, 5 sessions +2,355 contracts · +3.1%
Put OI change, 5 sessions +1,407 contracts · +6.1%
Call minus put OI growth, 5 sessions -3.0 pp
Daily call OI change surprise +0.02σ (252 prior changes)
Daily put OI change surprise +0.08σ (252 prior changes)
Daily call-minus-put growth surprise -0.14σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
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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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 43 completed Day +10 paths · latest May 20, 2026
OKE returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -10.0% -5.0% 0% +5.0% +10.0% Cross on Dec 7, 2020 Cross on Dec 14, 2020 Cross on Jan 14, 2021 Cross on Feb 25, 2021 Cross on Mar 16, 2021 Cross on Apr 30, 2021 Cross on Sep 17, 2021 Cross on Sep 24, 2021 Cross on Sep 28, 2021 Cross on Sep 30, 2021 Cross on Oct 15, 2021 Cross on Feb 14, 2022 Cross on Mar 1, 2022 Cross on Mar 14, 2022 Cross on Mar 31, 2022 Cross on Apr 5, 2022 Cross on Apr 14, 2022 Cross on Aug 19, 2022 Cross on Nov 17, 2022 Cross on Dec 5, 2022 Cross on Dec 15, 2022 Cross on Jan 18, 2023 Cross on Jun 16, 2023 Cross on Jul 21, 2023 Cross on Jul 27, 2023 Cross on Aug 18, 2023 Cross on Sep 15, 2023 Cross on Oct 20, 2023 Cross on Dec 5, 2023 Cross on Dec 27, 2023 Cross on Jan 4, 2024 Cross on Jan 8, 2024 Cross on Mar 15, 2024 Cross on Apr 12, 2024 Cross on May 16, 2024 Cross on Sep 25, 2024 Cross on Dec 18, 2024 Cross on Dec 5, 2025 Cross on Jan 15, 2026 Cross on Feb 13, 2026 Cross on Feb 19, 2026 Cross on May 15, 2026 Cross on May 20, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
OKE historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 43 +0.5% -0.9% to +1.3% 58% -0.5% to +1.0% 0.0%
Day +2 43 +0.4% -1.3% to +1.5% 58% -0.5% to +1.0% 0.0%
Day +3 43 +0.0% -1.6% to +2.7% 51% -0.8% to +1.7% 0.0%
Day +4 43 +0.4% -2.0% to +3.2% 56% -1.0% to +1.3% 0.0%
Day +5 43 +0.4% -2.2% to +2.7% 51% -1.1% to +1.4% 0.0%
Day +6 43 +0.8% -2.7% to +3.1% 58% -1.5% to +1.5% 0.0%
Day +7 43 +0.3% -2.4% to +2.2% 53% -0.7% to +2.0% 0.0%
Day +8 43 +0.1% -2.5% to +3.4% 51% -1.7% to +1.7% 0.0%
Day +9 43 +0.5% -2.5% to +3.9% 51% -1.2% to +2.0% 0.0%
Day +10 43 -0.1% -2.5% to +4.6% 49% -1.5% to +1.6% 0.0%
Crosses above gamma max 43 completed Day +10 paths · latest May 19, 2026
OKE returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -10.0% -5.0% 0% +5.0% +10.0% Cross on Dec 3, 2020 Cross on Dec 11, 2020 Cross on Jan 13, 2021 Cross on Feb 24, 2021 Cross on Mar 12, 2021 Cross on Apr 29, 2021 Cross on Sep 15, 2021 Cross on Sep 23, 2021 Cross on Sep 27, 2021 Cross on Sep 29, 2021 Cross on Oct 1, 2021 Cross on Feb 11, 2022 Cross on Feb 28, 2022 Cross on Mar 2, 2022 Cross on Mar 24, 2022 Cross on Apr 1, 2022 Cross on Apr 11, 2022 Cross on Aug 10, 2022 Cross on Nov 10, 2022 Cross on Nov 30, 2022 Cross on Dec 13, 2022 Cross on Jan 11, 2023 Cross on Jun 13, 2023 Cross on Jul 11, 2023 Cross on Jul 24, 2023 Cross on Aug 17, 2023 Cross on Sep 14, 2023 Cross on Oct 12, 2023 Cross on Dec 4, 2023 Cross on Dec 26, 2023 Cross on Jan 2, 2024 Cross on Jan 5, 2024 Cross on Feb 29, 2024 Cross on Mar 19, 2024 Cross on May 13, 2024 Cross on May 17, 2024 Cross on Nov 6, 2024 Cross on Dec 4, 2025 Cross on Jan 14, 2026 Cross on Feb 6, 2026 Cross on Feb 18, 2026 Cross on May 14, 2026 Cross on May 19, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
OKE historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 43 +0.2% -0.6% to +1.3% 60% -0.3% to +0.9% 0.0%
Day +2 43 +0.9% -0.9% to +1.9% 60% -0.2% to +1.4% 0.0%
Day +3 43 +0.8% -1.4% to +2.1% 58% -0.7% to +1.4% 0.0%
Day +4 43 +0.4% -2.1% to +2.1% 53% -0.8% to +1.2% 0.0%
Day +5 43 +0.3% -2.0% to +2.2% 56% -0.9% to +1.5% 0.0%
Day +6 43 +1.4% -2.8% to +3.3% 53% -0.8% to +2.3% 0.0%
Day +7 43 +0.1% -3.5% to +3.0% 51% -1.5% to +2.2% 0.0%
Day +8 43 -0.2% -2.5% to +4.1% 47% -1.4% to +2.5% 0.0%
Day +9 43 -0.1% -2.8% to +4.5% 49% -1.5% to +2.7% 0.0%
Day +10 43 +0.3% -2.9% to +5.6% 51% -1.2% to +2.6% 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

OKE trailing historical statistics
Sessions closed above gamma max 4%
Gamma max crosses 12
Delta neutral crosses 1
Prior-year sessions closer to gamma max 89.7% of 252
Prior-year sessions closer to delta neutral 22.6% of 252
Open interest percentile (1y) 24th
Daily open interest change versus prior year +0.03σ (308 contracts; 252 prior changes)
Open interest change, 5 sessions +3.8%
Open interest change, 21 sessions -5.7%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed below gamma max at 92.15 vs 95.19 (-3.3%)
  2. closed above gamma max at 95.38 vs 95.07 (+0.3%)
  3. closed below gamma max at 92.29 vs 94.02 (-1.9%)
  4. closed above gamma max at 91.08 vs 90.93 (+0.2%)
  5. closed below gamma max at 86.88 vs 89.84 (-3.4%)
  6. closed above gamma max at 86.79 vs 86.48 (+0.4%)
  7. closed below gamma max at 86.11 vs 89.18 (-3.6%)
  8. closed above gamma max at 81.84 vs 81.04 (+1.0%)
  9. closed below gamma max at 73.35 vs 73.99 (-0.9%)
  10. closed above gamma max at 75.85 vs 75.50 (+0.5%)

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Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/OKE

Questions people ask about OKE

Where is OKE's gamma max today?

As of Oct 2, 2026, the gamma max for OKE is 98.40, +12.0% from the 87.88 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 OKE above or below its delta neutral price?

OKE closed above delta neutral: 87.88 against a delta neutral price of 84.45. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does OKE have?

102,351 contracts of open interest across 248 listed contracts on Oct 2, 2026, +0.3% 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.