ORCL max pain, gamma exposure (GEX) & options open interest
As of close · rank #27 by open interest · 1,394 sessions of history since Dec 1, 2020
ORCL's nearest-expiration max pain is 143.00 for 2026-10-09, its GEX flip is 139.89, net GEX is 16,174,195, its put/call open-interest ratio is 0.88. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
Strongest relative signals: volume/OI 0.13
ORCL closed 16.4% below its gamma max of 165.90. It is 3.4% below the delta neutral price of 147.40. Total open interest is 3,216,750, -6.1% versus the previous session. Its options catalyst-intensity score is 45.6 out of 100, led by volume/OI 0.13. 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.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -150,549 contracts · -8.1% |
| Put OI change, 1 session | -58,187 contracts · -3.7% |
| Call minus put OI growth, 1 session | -4.4 pp |
| Call OI change, 5 sessions | +163,357 contracts · +10.6% |
| Put OI change, 5 sessions | +51,064 contracts · +3.5% |
| Call minus put OI growth, 5 sessions | +7.1 pp |
| Daily call OI change surprise | -1.77σ (252 prior changes) |
| Daily put OI change surprise | -1.06σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.54σ (252 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
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 44 completed Day +10 paths · latest Jun 2, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 44 | -0.1% | -0.8% to +0.7% | 48% | -0.5% to +0.2% | 0.0% |
| Day +2 | 44 | +0.3% | -1.3% to +1.4% | 57% | -0.7% to +1.0% | 0.0% |
| Day +3 | 44 | +0.7% | -1.6% to +2.0% | 57% | -0.7% to +1.7% | 0.0% |
| Day +4 | 44 | +0.0% | -2.0% to +2.8% | 50% | -0.7% to +1.7% | 0.0% |
| Day +5 | 44 | +0.6% | -1.1% to +2.8% | 64% | +0.2% to +1.1% | +0.2% |
| Day +6 | 44 | +1.0% | -1.6% to +2.8% | 59% | -0.1% to +1.6% | 0.0% |
| Day +7 | 44 | +0.9% | -3.9% to +2.2% | 59% | -0.4% to +1.6% | 0.0% |
| Day +8 | 44 | +0.0% | -3.6% to +2.7% | 50% | -1.0% to +0.7% | 0.0% |
| Day +9 | 44 | +0.5% | -2.8% to +3.4% | 52% | -1.3% to +2.0% | 0.0% |
| Day +10 | 44 | -0.3% | -3.5% to +3.9% | 45% | -1.6% to +1.7% | 0.0% |
Crosses above gamma max 42 completed Day +10 paths · latest May 29, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 42 | +0.2% | -0.4% to +0.9% | 60% | -0.1% to +0.4% | 0.0% |
| Day +2 | 42 | +0.4% | -0.8% to +1.4% | 57% | -0.2% to +0.9% | 0.0% |
| Day +3 | 42 | +0.4% | -1.0% to +1.9% | 55% | -0.4% to +1.5% | 0.0% |
| Day +4 | 42 | +0.4% | -2.0% to +2.5% | 60% | -0.2% to +1.7% | 0.0% |
| Day +5 | 42 | -0.3% | -2.7% to +2.5% | 48% | -1.8% to +0.5% | 0.0% |
| Day +6 | 42 | +0.0% | -2.5% to +2.8% | 50% | -0.7% to +1.1% | 0.0% |
| Day +7 | 42 | +1.1% | -2.8% to +2.4% | 55% | -0.7% to +1.4% | 0.0% |
| Day +8 | 42 | +0.8% | -2.5% to +3.1% | 55% | -1.0% to +1.9% | 0.0% |
| Day +9 | 42 | +0.7% | -3.8% to +2.9% | 55% | -1.7% to +1.7% | 0.0% |
| Day +10 | 42 | -0.2% | -3.2% to +2.7% | 48% | -1.8% to +1.4% | 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
| Sessions closed above gamma max | 1% |
| Gamma max crosses | 4 |
| Delta neutral crosses | 23 |
| Prior-year sessions closer to gamma max | 40.5% of 252 |
| Prior-year sessions closer to delta neutral | 23.4% of 252 |
| Open interest percentile (1y) | 96th |
| Daily open interest change versus prior year | -1.52σ (-208,736 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +7.1% |
| Open interest change, 21 sessions | +4.5% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 147.60 vs 151.58 (-2.7%)
- closed above delta neutral at 150.59 vs 150.16 (+0.3%)
- closed below delta neutral at 150.28 vs 153.82 (-2.4%)
- closed above delta neutral at 154.05 vs 150.37 (+2.4%)
- closed below delta neutral at 150.72 vs 151.10 (-0.3%)
- closed above delta neutral at 148.87 vs 148.86 (+0.0%)
- closed below delta neutral at 142.67 vs 146.16 (-2.4%)
- closed above delta neutral at 141.90 vs 138.96 (+2.1%)
- closed below delta neutral at 175.64 vs 183.20 (-4.3%)
- closed above delta neutral at 184.93 vs 184.88 (+0.0%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/ORCL
Questions people ask about ORCL
Where is ORCL's gamma max today?
As of Oct 2, 2026, the gamma max for ORCL is 165.90, +16.4% from the 142.52 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 ORCL above or below its delta neutral price?
ORCL closed below delta neutral: 142.52 against a delta neutral price of 147.40. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does ORCL have?
3,216,750 contracts of open interest across 1,621 listed contracts on Oct 2, 2026, -6.1% 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.