Data through close

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

As of close · rank #3361 by open interest · snapshot page

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PAYP's nearest-expiration max pain is 15.00 for 2026-10-16, its GEX flip is 5.27, net GEX is 13,515, its put/call open-interest ratio is 0.44. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
14.92
prev 15.14
Gamma max
19.23
+28.9% from close
Delta neutral
14.01
-6.1% from close
Gamma neutral
5.27
-64.7% from close
Open interest
1,645
-1.0% vs prev
Contracts listed
37
21 calls · 19 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
15.00
+0.5% from close
2026-10-16
GEX flip
5.27
-64.7% from close
Net GEX
13,515
821,593 per 100k OI
Call wall
15.00
+0.5% from close
Put wall
15.00
+0.5% from close
Put/call OI
0.44
506 puts / 1,139 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
43.4
within trailing 52-week range
Front / back ATM IV
+45.5% / +51.0%
-5.5 pp front premium
Expected move
+8.9%
14 DTE · one standard deviation
ATM straddle / spot
+29.5%
front-window midpoint premium
25Δ risk reversal
-200.2 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
21 contracts traded
Normalized net delta
0.065
option-holder convention
Modeled dealer delta
-0.065
opposite-side scenario
Vanna / 100k OI
3,647
volatility-sensitive delta
Charm / 100k OI
-830,091
time-decay-sensitive delta
IV surface range
65.9 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

PAYP closed 28.9% below its gamma max of 19.23. It is 6.1% above the delta neutral price of 14.01. Total open interest is 1,645, -1.0% 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

← REPX (#3360) DISK (#3362) →

Questions people ask about PAYP

Where is PAYP's gamma max today?

As of Oct 2, 2026, the gamma max for PAYP is 19.23, +28.9% from the 14.92 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 PAYP above or below its delta neutral price?

PAYP closed above delta neutral: 14.92 against a delta neutral price of 14.01. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does PAYP have?

1,645 contracts of open interest across 37 listed contracts on Oct 2, 2026, -1.0% 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.