Data through close

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

As of close

PPL's nearest-expiration max pain is 33.00 for the Fri, Nov 20, 2026 expiration, 7.5% below the 35.67 close; all-expiration max pain is 33.00; the GEX flip is 34.04; net GEX is 14.28M (modeled dollar-delta change per $1 move); the put/call open-interest ratio is 0.66. These are whole-chain derived aggregates as of Nov 13, 2026 close.

PPL max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
33.00
-7.5% from close
Expiry: Fri, Nov 20, 2026
All-expiration max pain: 33.00
GEX flip (gamma neutral)
34.04
-4.6% from close
Net GEX
14,280,213
25,702,789 per 100k OI
Call wall
37.00
+3.7% from close
Put wall
30.00
-15.9% from close
Put/call OI
0.66
22,139 puts / 33,420 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
35.67
prev 35.21
Gamma max
36.93
+3.5% from close
Delta neutral
34.22
-4.1% from close
Gamma neutral (GEX flip)
34.04
-4.6% from close
Open interest
55,559
+0.3% vs prev
Contracts listed
132
80 calls · 62 puts

Advanced options analysis

Public aggregate 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
8.0
within trailing 52-week range
Front IV premium
6.5 pp
front minus back volatility difference
25Δ risk reversal
6.2 pp
put IV minus call IV
IV butterfly
-6.2 pp
front-window smile convexity
Volume / open interest
0.00
157 contracts traded
Normalized net delta
0.078
option-holder convention
Modeled dealer delta
-0.073
opposite-side scenario
Vanna / 100k OI
3,231
volatility-sensitive delta
Charm / 100k OI
-614,595
time-decay-sensitive delta
IV surface range
248.9 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

PPL closed 3.5% below its gamma max of 36.93. It is 4.1% above the delta neutral price of 34.22. Total open interest is 55,559, +0.3% 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

Daily ticker aggregates through 2026-11-13. This analysis view omits individual contract fields.

To see all-expiration max pain over time, open the History chart and select “All-expiration max pain” under More series.

Aggregate IV history

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Swipe chart sideways to see the full range.

In today's screens

Neighbours by open interest

Cite or embed this snapshot

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

Questions people ask about PPL

What is PPL's max pain for the nearest expiration?

As of Nov 13, 2026 close, nearest-expiration max pain is 33.00 for the Fri, Nov 20, 2026 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do PPL's gamma exposure and gamma flip show?

Signed net GEX is 14,280,213 as of Nov 13, 2026 close. The confirmed GEX flip is 34.04. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is PPL's gamma max today?

As of Nov 13, 2026, the gamma max for PPL is 36.93, +3.5% from the 35.67 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 PPL above or below its delta neutral price?

PPL closed above delta neutral: 35.67 against a delta neutral price of 34.22. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does PPL have?

55,559 contracts of open interest across 132 listed contracts on Nov 13, 2026, +0.3% 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.