PCG max pain, gamma exposure (GEX) & options open interest
As of close · rank #49 by open interest · 1,394 sessions of history since Dec 1, 2020
PCG's nearest-expiration max pain is 12.50 for 2026-10-09, its GEX flip is 8.82, net GEX is 73,265,154, its put/call open-interest ratio is 0.21. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
Strongest relative signals: OI change 0.05σ
PCG closed 30.0% below its gamma max of 16.01. It is 3.0% above the delta neutral price of 11.96. Total open interest is 2,203,239, +0.4% versus the previous session. Its options catalyst-intensity score is 44.6 out of 100, led by OI change 0.05σ. What gamma max means · What delta neutral means
Call versus put open interest changes
Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.
| Measure | Value |
|---|---|
| Call OI change, 1 session | +18,914 contracts · +1.0% |
| Put OI change, 1 session | -10,861 contracts · -2.8% |
| Call minus put OI growth, 1 session | +3.8 pp |
| Call OI change, 5 sessions | +129,144 contracts · +7.6% |
| Put OI change, 5 sessions | +11,981 contracts · +3.3% |
| Call minus put OI growth, 5 sessions | +4.3 pp |
| Daily call OI change surprise | +0.17σ (252 prior changes) |
| Daily put OI change surprise | -0.58σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.44σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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Gamma walls
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What followed prior gamma-max crosses?
Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.
Crosses below gamma max 29 completed Day +10 paths · latest Apr 10, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 29 | 0.0% | -0.5% to +1.2% | 48% | -0.4% to +1.0% | 0.0% |
| Day +2 | 29 | +0.2% | -1.0% to +1.2% | 59% | -0.3% to +1.0% | 0.0% |
| Day +3 | 29 | +0.8% | -0.4% to +1.5% | 62% | -0.3% to +1.3% | 0.0% |
| Day +4 | 29 | +0.3% | -1.4% to +2.4% | 52% | -0.8% to +1.8% | 0.0% |
| Day +5 | 29 | +0.8% | -1.9% to +2.8% | 59% | -0.9% to +1.7% | 0.0% |
| Day +6 | 29 | +0.5% | -1.7% to +3.8% | 55% | -0.7% to +2.3% | 0.0% |
| Day +7 | 29 | +0.6% | -1.8% to +4.1% | 55% | -0.4% to +3.3% | 0.0% |
| Day +8 | 29 | +1.6% | -1.8% to +5.7% | 62% | -0.5% to +4.4% | 0.0% |
| Day +9 | 29 | +0.9% | -1.3% to +5.3% | 59% | -0.4% to +4.8% | 0.0% |
| Day +10 | 29 | +1.0% | -2.4% to +5.0% | 66% | -0.4% to +4.7% | 0.0% |
Crosses above gamma max 32 completed Day +10 paths · latest Apr 9, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 32 | -0.1% | -0.5% to +0.7% | 44% | -0.4% to +0.5% | 0.0% |
| Day +2 | 32 | +0.6% | -1.2% to +1.1% | 63% | -0.2% to +1.0% | 0.0% |
| Day +3 | 32 | +0.5% | -0.9% to +2.0% | 66% | -0.2% to +1.6% | 0.0% |
| Day +4 | 32 | +1.0% | -0.7% to +2.1% | 66% | -0.2% to +1.7% | 0.0% |
| Day +5 | 32 | +1.1% | -1.3% to +3.0% | 56% | -0.6% to +2.7% | 0.0% |
| Day +6 | 32 | +1.0% | -2.1% to +3.1% | 59% | -0.8% to +3.0% | 0.0% |
| Day +7 | 32 | +0.9% | -1.9% to +4.1% | 53% | -1.2% to +3.5% | 0.0% |
| Day +8 | 32 | +1.0% | -1.4% to +4.0% | 53% | -0.9% to +3.0% | 0.0% |
| Day +9 | 32 | +0.3% | -1.2% to +4.6% | 56% | -1.2% to +4.4% | 0.0% |
| Day +10 | 32 | +0.5% | -1.1% to +4.2% | 56% | -0.8% to +3.8% | 0.0% |
Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.
Last 252 sessions
| Sessions closed above gamma max | 7% |
| Gamma max crosses | 14 |
| Delta neutral crosses | 4 |
| Prior-year sessions closer to gamma max | 92.9% of 252 |
| Prior-year sessions closer to delta neutral | 6.0% of 252 |
| Open interest percentile (1y) | 95th |
| Daily open interest change versus prior year | +0.05σ (8,053 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +6.8% |
| Open interest change, 21 sessions | -17.9% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 12.34 vs 12.23 (+0.9%)
- closed below delta neutral at 12.32 vs 12.40 (-0.6%)
- closed above delta neutral at 13.96 vs 13.64 (+2.3%)
- closed below delta neutral at 13.27 vs 14.70 (-10.8%)
- closed below gamma max at 18.54 vs 18.83 (-1.6%)
- closed above gamma max at 18.63 vs 18.57 (+0.3%)
- closed below gamma max at 18.14 vs 18.22 (-0.5%)
- closed above gamma max at 18.13 vs 16.89 (+6.8%)
- closed below gamma max at 18.93 vs 19.18 (-1.3%)
- closed above gamma max at 19.00 vs 18.80 (+1.1%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/PCG
Questions people ask about PCG
Where is PCG's gamma max today?
As of Oct 2, 2026, the gamma max for PCG is 16.01, +30.0% from the 12.32 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 PCG above or below its delta neutral price?
PCG closed above delta neutral: 12.32 against a delta neutral price of 11.96. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does PCG have?
2,203,239 contracts of open interest across 365 listed contracts on Oct 2, 2026, +0.4% 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.