Data through close

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

As of close · rank #795 by open interest · snapshot page

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PBI's nearest-expiration max pain is 14.00 for 2026-10-16, net GEX is 7,596,512, its put/call open-interest ratio is 0.22. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
16.76
prev 16.61
Gamma max
16.11
-3.9% from close
Delta neutral
9.53
-43.1% from close
Gamma neutral
16.76
0.0% from close
Open interest
72,439
+0.0% vs prev
Contracts listed
109
97 calls · 60 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
14.00
-16.5% from close
2026-10-16
GEX flip
–
Net GEX
7,596,512
10,486,771 per 100k OI
Call wall
16.00
-4.5% from close
Put wall
12.00
-28.4% from close
Put/call OI
0.22
12,979 puts / 59,460 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
99.4
within trailing 52-week range
Front / back ATM IV
+35.0% / +50.2%
-15.2 pp front premium
Expected move
+6.9%
14 DTE · one standard deviation
ATM straddle / spot
+5.8%
front-window midpoint premium
25Δ risk reversal
-82.6 pp
put IV minus call IV
IV butterfly
13.0 pp
front-window smile convexity
Volume / open interest
0.00
221 contracts traded
Normalized net delta
0.544
option-holder convention
Modeled dealer delta
-0.372
opposite-side scenario
Vanna / 100k OI
-1,368
volatility-sensitive delta
Charm / 100k OI
-512,656
time-decay-sensitive delta
IV surface range
191.4 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

PBI closed 3.9% above its gamma max of 16.11. It is 43.1% above the delta neutral price of 9.53. Total open interest is 72,439, +0.0% 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

← XLC (#794) ACAD (#796) →

Questions people ask about PBI

Where is PBI's gamma max today?

As of Oct 2, 2026, the gamma max for PBI is 16.11, -3.9% from the 16.76 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 PBI above or below its delta neutral price?

PBI closed above delta neutral: 16.76 against a delta neutral price of 9.53. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does PBI have?

72,439 contracts of open interest across 109 listed contracts on Oct 2, 2026, +0.0% 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.