Data through close

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

As of close · rank #2824 by open interest · snapshot page

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PNW's nearest-expiration max pain is 95.00 for 2026-10-16, net GEX is 754,456, its put/call open-interest ratio is 0.30. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
95.91
prev 94.63
Gamma max
95.97
+0.1% from close
Delta neutral
90.45
-5.7% from close
Gamma neutral
95.91
0.0% from close
Open interest
3,421
+0.5% vs prev
Contracts listed
98
59 calls · 41 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
95.00
-0.9% from close
2026-10-16
GEX flip
–
Net GEX
754,456
22,053,667 per 100k OI
Call wall
95.00
-0.9% from close
Put wall
95.00
-0.9% from close
Put/call OI
0.30
793 puts / 2,628 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
0.9
within trailing 52-week range
Front / back ATM IV
+26.3% / +22.8%
3.5 pp front premium
Expected move
+5.2%
14 DTE · one standard deviation
ATM straddle / spot
+3.3%
front-window midpoint premium
25Δ risk reversal
-10.9 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.39
1,337 contracts traded
Normalized net delta
0.185
option-holder convention
Modeled dealer delta
-0.182
opposite-side scenario
Vanna / 100k OI
1,695
volatility-sensitive delta
Charm / 100k OI
-3,375,417
time-decay-sensitive delta
IV surface range
103.7 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

PNW closed 0.1% below its gamma max of 95.97. It is 5.7% above the delta neutral price of 90.45. Total open interest is 3,421, +0.5% 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

Neighbours by open interest

← RBA (#2823) RBBN (#2825) →

Questions people ask about PNW

Where is PNW's gamma max today?

As of Oct 2, 2026, the gamma max for PNW is 95.97, +0.1% from the 95.91 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 PNW above or below its delta neutral price?

PNW closed above delta neutral: 95.91 against a delta neutral price of 90.45. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does PNW have?

3,421 contracts of open interest across 98 listed contracts on Oct 2, 2026, +0.5% 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.