Data through close

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

As of close · rank #326 by open interest · 1,394 sessions of history since Dec 1, 2020

PINS's nearest-expiration max pain is 18.00 for 2026-10-09, its GEX flip is 18.93, net GEX is 1,224,916, its put/call open-interest ratio is 0.87. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
19.26
prev 19.46
Gamma max
21.87
+13.6% from close
Delta neutral
20.04
+4.1% from close
Gamma neutral
18.93
-1.7% from close
Open interest
269,143
-3.0% vs prev
Contracts listed
542
327 calls · 278 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
18.00
-6.5% from close
2026-10-09
GEX flip
18.93
-1.7% from close
Net GEX
1,224,916
455,117 per 100k OI
Call wall
20.00
+3.8% from close
Put wall
18.00
-6.5% from close
Put/call OI
0.87
125,459 puts / 143,684 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
30.5
cross-sectional score / 100
Directional score
-21.8
relatively bearish positioning
IV rank
69.8
within trailing 52-week range
Front / back ATM IV
+45.0% / +61.4%
-16.4 pp front premium
Expected move
+6.2%
7 DTE · one standard deviation
ATM straddle / spot
+4.8%
front-window midpoint premium
25Δ risk reversal
3.3 pp
put IV minus call IV
IV butterfly
2.8 pp
front-window smile convexity
Volume / open interest
0.02
5,021 contracts traded
Normalized net delta
-0.021
option-holder convention
Modeled dealer delta
0.021
opposite-side scenario
Vanna / 100k OI
3,873
volatility-sensitive delta
Charm / 100k OI
-100,894
time-decay-sensitive delta
IV surface range
95.1 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

PINS closed 13.6% below its gamma max of 21.87. It is 4.1% below the delta neutral price of 20.04. Total open interest is 269,143, -3.0% versus the previous session. Its options catalyst-intensity score is 30.5 out of 100. 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.

PINS call and put open interest changes
Measure Value
Call OI change, 1 session -6,567 contracts · -4.4%
Put OI change, 1 session -1,836 contracts · -1.4%
Call minus put OI growth, 1 session -2.9 pp
Call OI change, 5 sessions +2,233 contracts · +1.6%
Put OI change, 5 sessions -7,166 contracts · -5.4%
Call minus put OI growth, 5 sessions +7.0 pp
Daily call OI change surprise -0.28σ (252 prior changes)
Daily put OI change surprise -0.14σ (252 prior changes)
Daily call-minus-put growth surprise -0.63σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
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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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 37 completed Day +10 paths · latest Jul 29, 2026
PINS returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -16.0% -8.0% 0% +8.0% +16.0% Cross on Dec 2, 2020 Cross on Dec 9, 2020 Cross on Dec 14, 2020 Cross on Jan 13, 2021 Cross on Feb 12, 2021 Cross on Feb 17, 2021 Cross on Apr 9, 2021 Cross on Jun 18, 2021 Cross on Jun 25, 2021 Cross on Oct 21, 2021 Cross on Aug 16, 2022 Cross on Sep 9, 2022 Cross on Dec 15, 2022 Cross on Feb 3, 2023 Cross on Mar 8, 2023 Cross on May 19, 2023 Cross on Jun 26, 2023 Cross on Jun 29, 2023 Cross on Nov 1, 2023 Cross on Nov 3, 2023 Cross on Nov 17, 2023 Cross on Dec 20, 2023 Cross on May 2, 2024 Cross on May 13, 2024 Cross on May 17, 2024 Cross on Sep 20, 2024 Cross on Sep 27, 2024 Cross on Oct 3, 2024 Cross on Oct 7, 2024 Cross on Oct 10, 2024 Cross on Oct 18, 2024 Cross on Nov 27, 2024 Cross on Jan 24, 2025 Cross on Feb 10, 2025 Cross on Jul 23, 2025 Cross on Mar 4, 2026 Cross on Jul 29, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
PINS historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 37 +0.4% -0.5% to +1.9% 51% -0.2% to +1.3% 0.0%
Day +2 37 +0.0% -1.9% to +2.2% 51% -1.4% to +0.7% 0.0%
Day +3 37 +0.9% -2.4% to +2.3% 62% -0.2% to +1.9% 0.0%
Day +4 37 +0.8% -1.3% to +3.3% 62% -0.1% to +2.2% 0.0%
Day +5 37 +0.2% -2.5% to +3.0% 54% -1.7% to +1.3% 0.0%
Day +6 37 +0.5% -2.8% to +3.7% 57% -0.5% to +3.1% 0.0%
Day +7 37 +1.4% -3.1% to +4.0% 59% -0.2% to +3.3% 0.0%
Day +8 37 +1.1% -5.3% to +3.9% 54% -3.4% to +2.6% 0.0%
Day +9 37 +0.2% -5.9% to +4.0% 51% -4.1% to +2.9% 0.0%
Day +10 37 -0.9% -5.8% to +5.6% 49% -3.5% to +3.3% 0.0%
Crosses above gamma max 34 completed Day +10 paths · latest Jul 28, 2026
PINS returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -18.0% -9.0% 0% +9.0% +18.0% Cross on Dec 3, 2020 Cross on Dec 10, 2020 Cross on Jan 8, 2021 Cross on Feb 11, 2021 Cross on Feb 16, 2021 Cross on Apr 6, 2021 Cross on Jun 17, 2021 Cross on Jun 24, 2021 Cross on Oct 20, 2021 Cross on Aug 15, 2022 Cross on Sep 8, 2022 Cross on Dec 13, 2022 Cross on Feb 2, 2023 Cross on Mar 3, 2023 Cross on May 18, 2023 Cross on Jun 22, 2023 Cross on Jun 27, 2023 Cross on Jul 10, 2023 Cross on Nov 2, 2023 Cross on Nov 16, 2023 Cross on Dec 11, 2023 Cross on May 6, 2024 Cross on May 16, 2024 Cross on Sep 19, 2024 Cross on Sep 24, 2024 Cross on Oct 1, 2024 Cross on Oct 4, 2024 Cross on Oct 9, 2024 Cross on Oct 11, 2024 Cross on Nov 26, 2024 Cross on Jan 23, 2025 Cross on Jul 21, 2025 Cross on Mar 3, 2026 Cross on Jul 28, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
PINS historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 34 +0.3% -0.7% to +1.2% 59% -0.5% to +0.7% 0.0%
Day +2 34 +0.9% -2.2% to +3.3% 62% -1.0% to +3.0% 0.0%
Day +3 34 +0.6% -1.7% to +2.7% 62% -0.9% to +1.8% 0.0%
Day +4 34 +1.0% -1.9% to +2.7% 53% -1.2% to +2.1% 0.0%
Day +5 34 +1.3% -2.5% to +4.6% 65% -0.9% to +3.5% 0.0%
Day +6 34 +1.3% -3.9% to +3.7% 62% -1.8% to +2.6% 0.0%
Day +7 34 +1.2% -5.0% to +4.1% 62% -2.5% to +3.1% 0.0%
Day +8 34 +1.8% -4.4% to +4.6% 65% -2.4% to +3.5% 0.0%
Day +9 34 +0.7% -5.3% to +3.3% 56% -0.9% to +2.7% 0.0%
Day +10 34 +0.4% -6.4% to +3.0% 50% -2.8% to +2.3% 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

PINS trailing historical statistics
Sessions closed above gamma max 1%
Gamma max crosses 4
Delta neutral crosses 28
Prior-year sessions closer to gamma max 61.5% of 252
Prior-year sessions closer to delta neutral 46.0% of 252
Open interest percentile (1y) 2th
Daily open interest change versus prior year -0.25σ (-8,403 contracts; 252 prior changes)
Open interest change, 5 sessions -1.8%
Open interest change, 21 sessions -12.1%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed below delta neutral at 21.70 vs 21.85 (-0.7%)
  2. closed below gamma max at 24.44 vs 24.44 (-0.0%)
  3. closed above gamma max at 24.36 vs 24.32 (+0.2%)
  4. closed above delta neutral at 20.88 vs 20.85 (+0.1%)
  5. closed below delta neutral at 20.44 vs 20.52 (-0.4%)
  6. closed above delta neutral at 21.17 vs 20.82 (+1.7%)
  7. closed below delta neutral at 20.32 vs 20.41 (-0.5%)
  8. closed above delta neutral at 20.00 vs 19.90 (+0.5%)
  9. closed below delta neutral at 19.35 vs 19.89 (-2.8%)
  10. closed above delta neutral at 20.27 vs 19.02 (+6.2%)

In today's screens

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Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/PINS

Questions people ask about PINS

Where is PINS's gamma max today?

As of Oct 2, 2026, the gamma max for PINS is 21.87, +13.6% from the 19.26 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 PINS above or below its delta neutral price?

PINS closed below delta neutral: 19.26 against a delta neutral price of 20.04. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does PINS have?

269,143 contracts of open interest across 542 listed contracts on Oct 2, 2026, -3.0% 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.