RCL max pain, gamma exposure (GEX) & options open interest
As of close · rank #635 by open interest · 1,394 sessions of history since Dec 1, 2020
RCL's nearest-expiration max pain is 250.00 for 2026-10-09, its GEX flip is 262.15, net GEX is 1,524,689, its put/call open-interest ratio is 1.24. 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 0.27 · IV rank 100 · smile convexity 11.1 pp
RCL closed 8.6% below its gamma max of 301.75. It is 6.6% above the delta neutral price of 259.51. Total open interest is 100,552, -4.7% versus the previous session. Its options catalyst-intensity score is 61.9 out of 100, led by volume/OI 0.27, IV rank 100, smile convexity 11.1 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 | -3,675 contracts · -7.6% |
| Put OI change, 1 session | -1,275 contracts · -2.2% |
| Call minus put OI growth, 1 session | -5.3 pp |
| Call OI change, 5 sessions | -710 contracts · -1.6% |
| Put OI change, 5 sessions | +2,653 contracts · +5.0% |
| Call minus put OI growth, 5 sessions | -6.6 pp |
| Daily call OI change surprise | -1.07σ (252 prior changes) |
| Daily put OI change surprise | -0.27σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.25σ (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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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 25 completed Day +10 paths · latest Jun 17, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 25 | +1.3% | +0.1% to +2.1% | 76% | +0.2% to +2.1% | +0.2% |
| Day +2 | 25 | +0.8% | -0.8% to +2.3% | 60% | -0.3% to +1.8% | 0.0% |
| Day +3 | 25 | +1.7% | -0.9% to +2.3% | 72% | +0.4% to +2.3% | +0.4% |
| Day +4 | 25 | +0.9% | -2.0% to +2.9% | 72% | +0.2% to +2.8% | +0.2% |
| Day +5 | 25 | +1.3% | -0.3% to +4.0% | 68% | -0.0% to +4.0% | 0.0% |
| Day +6 | 25 | +1.6% | -0.5% to +4.9% | 72% | +0.4% to +3.8% | +0.4% |
| Day +7 | 25 | +2.2% | -2.2% to +5.7% | 56% | -1.7% to +5.1% | 0.0% |
| Day +8 | 25 | +2.1% | -2.8% to +6.3% | 56% | -2.3% to +6.3% | 0.0% |
| Day +9 | 25 | +2.1% | -2.4% to +6.5% | 60% | -2.3% to +6.4% | 0.0% |
| Day +10 | 25 | +2.9% | -3.7% to +7.2% | 56% | -2.8% to +6.6% | 0.0% |
Crosses above gamma max 25 completed Day +10 paths · latest Jun 16, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 25 | -0.1% | -1.1% to +1.4% | 48% | -1.0% to +1.1% | 0.0% |
| Day +2 | 25 | +0.1% | -0.6% to +1.8% | 60% | -0.5% to +1.5% | 0.0% |
| Day +3 | 25 | -0.0% | -2.0% to +3.6% | 48% | -1.4% to +2.3% | 0.0% |
| Day +4 | 25 | -0.6% | -3.1% to +4.7% | 48% | -2.0% to +2.2% | 0.0% |
| Day +5 | 25 | +1.8% | -2.3% to +2.6% | 68% | -0.6% to +2.4% | 0.0% |
| Day +6 | 25 | +0.6% | -1.9% to +2.8% | 64% | -1.8% to +2.8% | 0.0% |
| Day +7 | 25 | +1.5% | -1.7% to +3.0% | 68% | -1.5% to +2.2% | 0.0% |
| Day +8 | 25 | +1.7% | -3.1% to +3.1% | 64% | -0.7% to +2.7% | 0.0% |
| Day +9 | 25 | +0.5% | -2.2% to +5.3% | 60% | -1.5% to +4.8% | 0.0% |
| Day +10 | 25 | +1.9% | -2.4% to +5.8% | 52% | -2.1% to +4.2% | 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 | 1% |
| Gamma max crosses | 4 |
| Delta neutral crosses | 18 |
| Prior-year sessions closer to gamma max | 14.3% of 252 |
| Prior-year sessions closer to delta neutral | 69.0% of 252 |
| Open interest percentile (1y) | 28th |
| Daily open interest change versus prior year | -0.64σ (-4,950 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.0% |
| Open interest change, 21 sessions | -5.2% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 260.67 vs 254.99 (+2.2%)
- closed below delta neutral at 308.00 vs 311.88 (-1.3%)
- closed above delta neutral at 322.50 vs 305.91 (+5.1%)
- closed below delta neutral at 296.30 vs 304.96 (-2.9%)
- closed below gamma max at 303.04 vs 307.05 (-1.3%)
- closed above gamma max at 313.21 vs 309.57 (+1.2%)
- closed above delta neutral at 288.15 vs 286.66 (+0.5%)
- closed below delta neutral at 280.47 vs 283.34 (-1.0%)
- closed above delta neutral at 281.73 vs 279.77 (+0.7%)
- closed below delta neutral at 275.24 vs 281.06 (-2.1%)
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/RCL
Questions people ask about RCL
Where is RCL's gamma max today?
As of Oct 2, 2026, the gamma max for RCL is 301.75, +8.6% from the 277.93 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 RCL above or below its delta neutral price?
RCL closed above delta neutral: 277.93 against a delta neutral price of 259.51. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does RCL have?
100,552 contracts of open interest across 718 listed contracts on Oct 2, 2026, -4.7% 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.