QQQ max pain, gamma exposure (GEX) & options open interest
As of close · rank #6 by open interest · 1,394 sessions of history since Dec 1, 2020
QQQ's nearest-expiration max pain is 740.00 for 2026-10-05, its GEX flip is 741.21, net GEX is 519,431,329, its put/call open-interest ratio is 1.41. 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: volume/OI 0.74 · smile convexity 31.8 pp
QQQ closed 1.7% below its gamma max of 762.69. It is 2.9% above the delta neutral price of 727.73. Total open interest is 11,406,834, -2.3% versus the previous session. Its options catalyst-intensity score is 49.1 out of 100, led by volume/OI 0.74, smile convexity 31.8 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 | -123,351 contracts · -2.5% |
| Put OI change, 1 session | -144,705 contracts · -2.1% |
| Call minus put OI growth, 1 session | -0.4 pp |
| Call OI change, 5 sessions | -190,437 contracts · -3.9% |
| Put OI change, 5 sessions | -22,311 contracts · -0.3% |
| Call minus put OI growth, 5 sessions | -3.5 pp |
| Daily call OI change surprise | -0.65σ (252 prior changes) |
| Daily put OI change surprise | -0.46σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.25σ (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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Last 252 sessions
| Sessions closed above gamma max | 0% |
| Gamma max crosses | 0 |
| Delta neutral crosses | 28 |
| Prior-year sessions closer to gamma max | 8.3% of 252 |
| Prior-year sessions closer to delta neutral | 72.2% of 252 |
| Open interest percentile (1y) | 86th |
| Daily open interest change versus prior year | -0.54σ (-268,056 contracts; 252 prior changes) |
| Open interest change, 5 sessions | -1.8% |
| Open interest change, 21 sessions | -3.3% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 716.92 vs 707.92 (+1.3%)
- closed below delta neutral at 704.54 vs 707.36 (-0.4%)
- closed above delta neutral at 714.88 vs 708.14 (+0.9%)
- closed below delta neutral at 708.69 vs 708.86 (-0.0%)
- closed above delta neutral at 700.07 vs 688.73 (+1.6%)
- closed below delta neutral at 691.96 vs 700.93 (-1.3%)
- closed above delta neutral at 708.97 vs 704.20 (+0.7%)
- closed below delta neutral at 705.94 vs 708.10 (-0.3%)
- closed above delta neutral at 717.12 vs 696.82 (+2.8%)
- closed below delta neutral at 693.69 vs 695.58 (-0.3%)
In today's screens
Neighbours by open interest
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Canonical source: https://halfonadouble.com/stock/QQQ
Questions people ask about QQQ
Where is QQQ's gamma max today?
As of Oct 2, 2026, the gamma max for QQQ is 762.69, +1.7% from the 749.58 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 QQQ above or below its delta neutral price?
QQQ closed above delta neutral: 749.58 against a delta neutral price of 727.73. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does QQQ have?
11,406,834 contracts of open interest across 7,305 listed contracts on Oct 2, 2026, -2.3% 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.