Data through close

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

As of close · rank #1031 by open interest · snapshot page

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PAYX's nearest-expiration max pain is 105.00 for 2026-10-16, its GEX flip is 100.28, net GEX is -391,678, its put/call open-interest ratio is 0.68. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
98.94
prev 100.84
Gamma max
124.37
+25.7% from close
Delta neutral
103.74
+4.8% from close
Gamma neutral
100.28
+1.4% from close
Open interest
46,142
+0.2% vs prev
Contracts listed
293
180 calls · 132 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
105.00
+6.1% from close
2026-10-16
GEX flip
100.28
+1.4% from close
Net GEX
-391,678
-848,853 per 100k OI
Call wall
100.00
+1.1% from close
Put wall
100.00
+1.1% from close
Put/call OI
0.68
18,685 puts / 27,457 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
16.5
within trailing 52-week range
Front / back ATM IV
+29.2% / +28.2%
1.0 pp front premium
Expected move
+5.7%
14 DTE · one standard deviation
ATM straddle / spot
+4.2%
front-window midpoint premium
25Δ risk reversal
-63.1 pp
put IV minus call IV
IV butterfly
0.6 pp
front-window smile convexity
Volume / open interest
0.02
792 contracts traded
Normalized net delta
-0.071
option-holder convention
Modeled dealer delta
0.070
opposite-side scenario
Vanna / 100k OI
3,546
volatility-sensitive delta
Charm / 100k OI
127,686
time-decay-sensitive delta
IV surface range
67.5 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

PAYX closed 25.7% below its gamma max of 124.37. It is 4.8% below the delta neutral price of 103.74. Total open interest is 46,142, +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

← ALM (#1030) WELL (#1032) →

Questions people ask about PAYX

Where is PAYX's gamma max today?

As of Oct 2, 2026, the gamma max for PAYX is 124.37, +25.7% from the 98.94 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 PAYX above or below its delta neutral price?

PAYX closed below delta neutral: 98.94 against a delta neutral price of 103.74. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does PAYX have?

46,142 contracts of open interest across 293 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.