QCOM max pain, gamma exposure (GEX) & options open interest
As of close · rank #114 by open interest · 1,394 sessions of history since Dec 1, 2020
QCOM's nearest-expiration max pain is 185.00 for 2026-10-09, its GEX flip is 175.35, net GEX is 12,754,360, its put/call open-interest ratio is 0.99. 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: smile convexity 8.2 pp
QCOM closed 13.2% below its gamma max of 209.33. It is 4.5% above the delta neutral price of 176.54. Total open interest is 878,002, -5.6% versus the previous session. Its options catalyst-intensity score is 42.9 out of 100, led by smile convexity 8.2 pp. 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 | -36,020 contracts · -7.5% |
| Put OI change, 1 session | -16,240 contracts · -3.6% |
| Call minus put OI growth, 1 session | -3.9 pp |
| Call OI change, 5 sessions | +16,450 contracts · +3.9% |
| Put OI change, 5 sessions | +19,791 contracts · +4.8% |
| Call minus put OI growth, 5 sessions | -0.9 pp |
| Daily call OI change surprise | -1.18σ (252 prior changes) |
| Daily put OI change surprise | -0.88σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.09σ (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 above gamma max 15 completed Day +10 paths · latest May 6, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 15 | -0.5% | -0.9% to +2.0% | 47% | -1.1% to +2.7% | 0.0% |
| Day +2 | 15 | +0.2% | -1.5% to +2.2% | 53% | -2.2% to +2.5% | 0.0% |
| Day +3 | 15 | +1.0% | -1.2% to +3.9% | 60% | -1.5% to +4.0% | 0.0% |
| Day +4 | 15 | +0.5% | -2.4% to +3.8% | 53% | -3.3% to +5.2% | 0.0% |
| Day +5 | 15 | +0.5% | -2.8% to +4.7% | 53% | -3.7% to +5.3% | 0.0% |
| Day +6 | 15 | +0.1% | -3.9% to +3.8% | 53% | -4.4% to +3.8% | 0.0% |
| Day +7 | 15 | +0.8% | -4.0% to +3.1% | 60% | -4.2% to +3.2% | 0.0% |
| Day +8 | 15 | +1.1% | -3.6% to +3.5% | 67% | -4.4% to +4.7% | 0.0% |
| Day +9 | 15 | +0.6% | -3.6% to +3.2% | 53% | -4.1% to +4.1% | 0.0% |
| Day +10 | 15 | -1.6% | -3.1% to +6.0% | 47% | -3.4% to +6.9% | 0.0% |
Crosses below gamma max 12 completed Day +10 paths · latest May 1, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 12 | +0.2% | -0.9% to +0.5% | 58% | -1.6% to +0.5% | 0.0% |
| Day +2 | 12 | -0.8% | -2.5% to +0.9% | 42% | -2.6% to +1.0% | 0.0% |
| Day +3 | 12 | -0.5% | -1.9% to +1.3% | 42% | -2.8% to +1.5% | 0.0% |
| Day +4 | 12 | -1.3% | -3.4% to +1.6% | 33% | -4.7% to +1.7% | 0.0% |
| Day +5 | 12 | -0.9% | -4.3% to +1.8% | 42% | -5.6% to +1.8% | 0.0% |
| Day +6 | 12 | -1.5% | -2.5% to +2.0% | 42% | -3.3% to +2.5% | 0.0% |
| Day +7 | 12 | -2.1% | -3.9% to +2.3% | 42% | -3.9% to +3.1% | 0.0% |
| Day +8 | 12 | -1.9% | -3.1% to +1.2% | 33% | -3.6% to +1.3% | 0.0% |
| Day +9 | 12 | -1.3% | -4.2% to +0.8% | 42% | -5.0% to +2.7% | 0.0% |
| Day +10 | 12 | -1.3% | -5.0% to +1.7% | 42% | -5.3% to +5.6% | 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 | 3% |
| Gamma max crosses | 10 |
| Delta neutral crosses | 20 |
| Prior-year sessions closer to gamma max | 52.8% of 252 |
| Prior-year sessions closer to delta neutral | 39.3% of 252 |
| Open interest percentile (1y) | 65th |
| Daily open interest change versus prior year | -1.09σ (-52,260 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +4.3% |
| Open interest change, 21 sessions | -4.7% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 168.74 vs 167.98 (+0.5%)
- closed below delta neutral at 168.57 vs 168.67 (-0.1%)
- closed above delta neutral at 169.96 vs 168.84 (+0.7%)
- closed below delta neutral at 166.61 vs 168.11 (-0.9%)
- closed above delta neutral at 170.48 vs 168.71 (+1.0%)
- closed below delta neutral at 178.10 vs 180.05 (-1.1%)
- closed above delta neutral at 186.56 vs 184.54 (+1.1%)
- closed below delta neutral at 182.96 vs 183.77 (-0.4%)
- closed above delta neutral at 186.48 vs 183.40 (+1.7%)
- closed below delta neutral at 184.79 vs 186.27 (-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/QCOM
Questions people ask about QCOM
Where is QCOM's gamma max today?
As of Oct 2, 2026, the gamma max for QCOM is 209.33, +13.2% from the 184.87 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 QCOM above or below its delta neutral price?
QCOM closed above delta neutral: 184.87 against a delta neutral price of 176.54. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does QCOM have?
878,002 contracts of open interest across 1,024 listed contracts on Oct 2, 2026, -5.6% 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.