Data through close

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

As of close · rank #442 by open interest · 1,394 sessions of history since Dec 1, 2020

OKTA's nearest-expiration max pain is 215.00 for 2026-10-09, its GEX flip is 185.90, net GEX is 3,029,641, its put/call open-interest ratio is 1.10. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
211.49
prev 212.63
Gamma max
223.98
+5.9% from close
Delta neutral
183.21
-13.4% from close
Gamma neutral
185.90
-12.1% from close
Open interest
175,538
-7.6% vs prev
Contracts listed
1,009
687 calls · 695 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
215.00
+1.7% from close
2026-10-09
GEX flip
185.90
-12.1% from close
Net GEX
3,029,641
1,725,917 per 100k OI
Call wall
220.00
+4.0% from close
Put wall
210.00
-0.7% from close
Put/call OI
1.10
91,963 puts / 83,575 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
51.2
cross-sectional score / 100
Directional score
-19.0
relatively bearish positioning
IV rank
72.3
within trailing 52-week range
Front / back ATM IV
+55.7% / +56.8%
-1.1 pp front premium
Expected move
+7.7%
7 DTE · one standard deviation
ATM straddle / spot
+5.8%
front-window midpoint premium
25Δ risk reversal
0.6 pp
put IV minus call IV
IV butterfly
-2.7 pp
front-window smile convexity
Volume / open interest
0.05
10,546 contracts traded
Normalized net delta
0.267
option-holder convention
Modeled dealer delta
-0.250
opposite-side scenario
Vanna / 100k OI
-13
volatility-sensitive delta
Charm / 100k OI
-1,249,768
time-decay-sensitive delta
IV surface range
102.3 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

OKTA closed 5.9% below its gamma max of 223.98. It is 13.4% above the delta neutral price of 183.21. Total open interest is 175,538, -7.6% versus the previous session. Its options catalyst-intensity score is 51.2 out of 100. 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.

OKTA call and put open interest changes
Measure Value
Call OI change, 1 session -7,192 contracts · -7.9%
Put OI change, 1 session -7,290 contracts · -7.3%
Call minus put OI growth, 1 session -0.6 pp
Call OI change, 5 sessions +1,792 contracts · +2.2%
Put OI change, 5 sessions +8,680 contracts · +10.4%
Call minus put OI growth, 5 sessions -8.2 pp
Daily call OI change surprise -0.99σ (252 prior changes)
Daily put OI change surprise -1.25σ (252 prior changes)
Daily call-minus-put growth surprise -0.16σ (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 25 completed Day +10 paths · latest Sep 24, 2026
OKTA 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. -12.0% -6.0% 0% +6.0% +12.0% Cross on Dec 18, 2020 Cross on Feb 3, 2021 Cross on Feb 5, 2021 Cross on Apr 14, 2021 Cross on Apr 16, 2021 Cross on Aug 26, 2021 Cross on Dec 2, 2022 Cross on Dec 15, 2022 Cross on Feb 3, 2023 Cross on Mar 3, 2023 Cross on May 23, 2023 Cross on Sep 1, 2023 Cross on Dec 15, 2023 Cross on Dec 27, 2023 Cross on Dec 29, 2023 Cross on Mar 5, 2024 Cross on Mar 8, 2024 Cross on Oct 11, 2024 Cross on Jan 29, 2025 Cross on Mar 6, 2025 Cross on Mar 18, 2025 Cross on Apr 30, 2025 Cross on May 9, 2025 Cross on Jul 1, 2026 Cross on Aug 28, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
OKTA historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 26 +0.7% -1.3% to +1.4% 58% -0.3% to +1.2% 0.0%
Day +2 26 +0.2% -1.4% to +2.2% 54% -0.3% to +1.6% 0.0%
Day +3 26 +0.5% -2.0% to +2.2% 58% -0.9% to +1.8% 0.0%
Day +4 26 +1.3% -1.6% to +2.5% 65% -0.1% to +1.8% 0.0%
Day +5 26 +3.0% -2.8% to +4.3% 62% -1.0% to +3.7% 0.0%
Day +6 26 +1.1% -3.4% to +3.7% 62% -1.4% to +3.1% 0.0%
Day +7 25 +0.7% -4.3% to +4.8% 56% -4.2% to +3.9% 0.0%
Day +8 25 +0.6% -4.4% to +3.9% 56% -3.8% to +3.2% 0.0%
Day +9 25 +0.6% -5.0% to +2.8% 56% -2.8% to +2.6% 0.0%
Day +10 25 -1.5% -4.5% to +4.4% 44% -3.8% to +3.6% 0.0%
Crosses above gamma max 21 completed Day +10 paths · latest Sep 23, 2026
OKTA 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. -12.0% -6.0% 0% +6.0% +12.0% Cross on Dec 17, 2020 Cross on Feb 2, 2021 Cross on Feb 4, 2021 Cross on Apr 13, 2021 Cross on Apr 15, 2021 Cross on Nov 4, 2021 Cross on Dec 13, 2022 Cross on Feb 2, 2023 Cross on May 22, 2023 Cross on Dec 14, 2023 Cross on Dec 26, 2023 Cross on Dec 28, 2023 Cross on Feb 29, 2024 Cross on Mar 7, 2024 Cross on Oct 10, 2024 Cross on Jan 28, 2025 Cross on Mar 17, 2025 Cross on Apr 29, 2025 Cross on May 8, 2025 Cross on May 29, 2026 Cross on Jun 30, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
OKTA historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 22 -0.5% -1.2% to +0.5% 32% -1.1% to +0.2% 0.0%
Day +2 22 -0.5% -2.5% to +2.4% 45% -1.3% to +1.8% 0.0%
Day +3 22 -0.5% -2.2% to +2.2% 45% -1.5% to +1.8% 0.0%
Day +4 22 +0.2% -1.8% to +1.7% 59% -1.6% to +1.5% 0.0%
Day +5 22 +0.5% -3.7% to +2.7% 59% -3.4% to +1.8% 0.0%
Day +6 22 +2.5% -3.9% to +3.6% 64% -3.7% to +3.5% 0.0%
Day +7 22 +0.7% -4.7% to +3.5% 55% -3.8% to +3.0% 0.0%
Day +8 21 +0.2% -5.0% to +4.0% 52% -4.9% to +3.2% 0.0%
Day +9 21 +0.4% -6.6% to +3.2% 52% -6.3% to +2.9% 0.0%
Day +10 21 -0.2% -7.4% to +2.8% 48% -7.4% 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

OKTA trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 8
Delta neutral crosses 20
Prior-year sessions closer to gamma max 23.8% of 252
Prior-year sessions closer to delta neutral 79.8% of 252
Open interest percentile (1y) 27th
Daily open interest change versus prior year -1.15σ (-14,482 contracts; 252 prior changes)
Open interest change, 5 sessions +6.3%
Open interest change, 21 sessions -17.4%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed below gamma max at 206.64 vs 210.90 (-2.1%)
  2. closed above gamma max at 205.36 vs 204.09 (+0.6%)
  3. closed below gamma max at 166.23 vs 182.32 (-9.7%)
  4. closed above gamma max at 172.91 vs 163.32 (+5.5%)
  5. closed below gamma max at 140.48 vs 143.00 (-1.8%)
  6. closed above gamma max at 136.45 vs 134.24 (+1.6%)
  7. closed below gamma max at 135.46 vs 149.45 (-10.3%)
  8. closed above gamma max at 123.27 vs 115.21 (+6.5%)
  9. closed above delta neutral at 81.05 vs 78.78 (+2.8%)
  10. closed below delta neutral at 78.20 vs 78.28 (-0.1%)

In today's screens

Neighbours by open interest

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Questions people ask about OKTA

Where is OKTA's gamma max today?

As of Oct 2, 2026, the gamma max for OKTA is 223.98, +5.9% from the 211.49 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 OKTA above or below its delta neutral price?

OKTA closed above delta neutral: 211.49 against a delta neutral price of 183.21. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does OKTA have?

175,538 contracts of open interest across 1,009 listed contracts on Oct 2, 2026, -7.6% 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.