Data through close

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

As of close · rank #3480 by open interest · snapshot page

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PAY's nearest-expiration max pain is 33.00 for 2026-10-16, its GEX flip is 35.15, net GEX is -22,683, its put/call open-interest ratio is 0.39. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
30.83
prev 30.81
Gamma max
40.74
+32.1% from close
Delta neutral
30.72
-0.3% from close
Gamma neutral
35.15
+14.0% from close
Open interest
1,364
-0.1% vs prev
Contracts listed
96
59 calls · 45 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
33.00
+7.0% from close
2026-10-16
GEX flip
35.15
+14.0% from close
Net GEX
-22,683
-1,662,948 per 100k OI
Call wall
35.00
+13.5% from close
Put wall
30.00
-2.7% from close
Put/call OI
0.39
380 puts / 984 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
20.1
within trailing 52-week range
Front / back ATM IV
+59.3% / +68.0%
-8.7 pp front premium
Expected move
+11.6%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.00
6 contracts traded
Normalized net delta
0.461
option-holder convention
Modeled dealer delta
-0.461
opposite-side scenario
Vanna / 100k OI
-1,686
volatility-sensitive delta
Charm / 100k OI
256,452
time-decay-sensitive delta
IV surface range
42.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

PAY closed 32.1% below its gamma max of 40.74. It is 0.3% above the delta neutral price of 30.72. Total open interest is 1,364, -0.1% 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

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Neighbours by open interest

← CORD (#3479) OMCL (#3481) →

Questions people ask about PAY

Where is PAY's gamma max today?

As of Oct 2, 2026, the gamma max for PAY is 40.74, +32.1% from the 30.83 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 PAY above or below its delta neutral price?

PAY closed above delta neutral: 30.83 against a delta neutral price of 30.72. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does PAY have?

1,364 contracts of open interest across 96 listed contracts on Oct 2, 2026, -0.1% 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.