Data through close

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

As of close · rank #1667 by open interest · snapshot page

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PAYC's nearest-expiration max pain is 230.00 for 2026-10-16, its GEX flip is 232.68, net GEX is -102,541, its put/call open-interest ratio is 1.26. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
220.99
prev 227.47
Gamma max
274.38
+24.2% from close
Delta neutral
215.87
-2.3% from close
Gamma neutral
232.68
+5.3% from close
Open interest
17,743
+0.2% vs prev
Contracts listed
303
218 calls · 181 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
230.00
+4.1% from close
2026-10-16
GEX flip
232.68
+5.3% from close
Net GEX
-102,541
-577,922 per 100k OI
Call wall
240.00
+8.6% from close
Put wall
230.00
+4.1% from close
Put/call OI
1.26
9,892 puts / 7,851 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
20.3
within trailing 52-week range
Front / back ATM IV
+40.7% / +51.6%
-10.9 pp front premium
Expected move
+8.0%
14 DTE · one standard deviation
ATM straddle / spot
+6.0%
front-window midpoint premium
25Δ risk reversal
-4.6 pp
put IV minus call IV
IV butterfly
6.0 pp
front-window smile convexity
Volume / open interest
0.00
50 contracts traded
Normalized net delta
0.121
option-holder convention
Modeled dealer delta
-0.120
opposite-side scenario
Vanna / 100k OI
1,651
volatility-sensitive delta
Charm / 100k OI
500,496
time-decay-sensitive delta
IV surface range
52.2 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

PAYC closed 24.2% below its gamma max of 274.38. It is 2.3% above the delta neutral price of 215.87. Total open interest is 17,743, +0.2% 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

← NVCR (#1666) AEXA (#1668) →

Questions people ask about PAYC

Where is PAYC's gamma max today?

As of Oct 2, 2026, the gamma max for PAYC is 274.38, +24.2% from the 220.99 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 PAYC above or below its delta neutral price?

PAYC closed above delta neutral: 220.99 against a delta neutral price of 215.87. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does PAYC have?

17,743 contracts of open interest across 303 listed contracts on Oct 2, 2026, +0.2% 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.