PG max pain, gamma exposure (GEX) & options open interest
As of close · rank #278 by open interest · 1,394 sessions of history since Dec 1, 2020
PG's nearest-expiration max pain is 145.00 for 2026-10-09, its GEX flip is 142.56, net GEX is 21,381,239, its put/call open-interest ratio is 0.70. 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 0.08σ
PG closed 6.2% below its gamma max of 153.86. It is 0.5% above the delta neutral price of 144.21. Total open interest is 343,807, +0.6% versus the previous session. Its options catalyst-intensity score is 41.0 out of 100, led by OI change 0.08σ. 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 | +5,796 contracts · +2.9% |
| Put OI change, 1 session | -3,899 contracts · -2.7% |
| Call minus put OI growth, 1 session | +5.6 pp |
| Call OI change, 5 sessions | +21,227 contracts · +11.7% |
| Put OI change, 5 sessions | +4,548 contracts · +3.3% |
| Call minus put OI growth, 5 sessions | +8.4 pp |
| Daily call OI change surprise | +0.45σ (252 prior changes) |
| Daily put OI change surprise | -0.55σ (252 prior changes) |
| Daily call-minus-put growth surprise | +2.08σ (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 13 completed Day +10 paths · latest Feb 13, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 13 | -0.1% | -0.8% to +0.3% | 46% | -0.8% to +0.3% | 0.0% |
| Day +2 | 13 | +0.2% | -0.9% to +1.1% | 54% | -0.9% to +1.1% | 0.0% |
| Day +3 | 13 | +0.5% | -0.7% to +1.1% | 62% | -0.7% to +1.1% | 0.0% |
| Day +4 | 13 | +0.7% | -0.1% to +1.7% | 69% | -0.1% to +1.7% | 0.0% |
| Day +5 | 13 | +0.9% | -1.1% to +1.7% | 62% | -1.1% to +1.7% | 0.0% |
| Day +6 | 13 | +1.1% | -0.8% to +1.8% | 69% | -0.8% to +1.8% | 0.0% |
| Day +7 | 13 | +1.6% | -0.8% to +2.2% | 62% | -0.8% to +2.2% | 0.0% |
| Day +8 | 13 | +1.9% | -0.6% to +3.2% | 62% | -0.6% to +3.2% | 0.0% |
| Day +9 | 13 | +1.6% | -0.9% to +3.3% | 69% | -0.9% to +3.3% | 0.0% |
| Day +10 | 13 | +2.5% | -0.6% to +3.7% | 69% | -0.6% to +3.7% | 0.0% |
Crosses above gamma max 13 completed Day +10 paths · latest Feb 12, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 13 | +0.1% | -0.4% to +0.4% | 54% | -0.4% to +0.4% | 0.0% |
| Day +2 | 13 | -0.1% | -0.7% to +0.3% | 46% | -0.7% to +0.3% | 0.0% |
| Day +3 | 13 | -0.0% | -0.7% to +0.7% | 46% | -0.7% to +0.7% | 0.0% |
| Day +4 | 13 | +0.1% | -0.5% to +1.0% | 62% | -0.5% to +1.0% | 0.0% |
| Day +5 | 13 | +0.5% | -0.3% to +1.6% | 62% | -0.3% to +1.6% | 0.0% |
| Day +6 | 13 | +0.9% | -0.5% to +1.6% | 62% | -0.5% to +1.6% | 0.0% |
| Day +7 | 13 | +1.2% | -0.5% to +1.7% | 62% | -0.5% to +1.7% | 0.0% |
| Day +8 | 13 | +1.1% | -0.5% to +2.1% | 54% | -0.5% to +2.1% | 0.0% |
| Day +9 | 13 | +1.6% | -0.1% to +2.6% | 54% | -0.1% to +2.6% | 0.0% |
| Day +10 | 13 | +1.9% | -0.9% to +3.7% | 62% | -0.9% to +3.7% | 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 | 1% |
| Gamma max crosses | 4 |
| Delta neutral crosses | 37 |
| Prior-year sessions closer to gamma max | 34.1% of 252 |
| Prior-year sessions closer to delta neutral | 13.9% of 252 |
| Open interest percentile (1y) | 68th |
| Daily open interest change versus prior year | +0.08σ (1,897 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +8.1% |
| Open interest change, 21 sessions | -11.3% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 144.91 vs 144.21 (+0.5%)
- closed below delta neutral at 143.95 vs 144.55 (-0.4%)
- closed above delta neutral at 145.27 vs 144.53 (+0.5%)
- closed below delta neutral at 142.64 vs 144.11 (-1.0%)
- closed above delta neutral at 145.15 vs 143.92 (+0.8%)
- closed below delta neutral at 143.14 vs 143.51 (-0.3%)
- closed above delta neutral at 144.68 vs 143.74 (+0.6%)
- closed below delta neutral at 143.00 vs 143.70 (-0.5%)
- closed above delta neutral at 144.40 vs 143.94 (+0.3%)
- closed below delta neutral at 143.13 vs 144.35 (-0.8%)
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/PG
Questions people ask about PG
Where is PG's gamma max today?
As of Oct 2, 2026, the gamma max for PG is 153.86, +6.2% from the 144.91 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 PG above or below its delta neutral price?
PG closed above delta neutral: 144.91 against a delta neutral price of 144.21. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does PG have?
343,807 contracts of open interest across 614 listed contracts on Oct 2, 2026, +0.6% 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.