RDW max pain, gamma exposure (GEX) & options open interest
As of close · rank #293 by open interest · 1,122 sessions of history since Sep 7, 2021
RDW's nearest-expiration max pain is 11.50 for 2026-10-09, its GEX flip is 9.27, net GEX is 7,084,624, its put/call open-interest ratio is 0.43. 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: 7d expected move +10.7%
RDW closed 19.4% below its gamma max of 12.99. It is 17.2% above the delta neutral price of 9.01. Total open interest is 318,478, -9.3% versus the previous session. Its options catalyst-intensity score is 41.0 out of 100, led by 7d expected move +10.7%. 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 | -16,955 contracts · -7.1% |
| Put OI change, 1 session | -15,583 contracts · -14.0% |
| Call minus put OI growth, 1 session | +7.0 pp |
| Call OI change, 5 sessions | -8,807 contracts · -3.8% |
| Put OI change, 5 sessions | -1,708 contracts · -1.8% |
| Call minus put OI growth, 5 sessions | -2.0 pp |
| Daily call OI change surprise | -1.04σ (252 prior changes) |
| Daily put OI change surprise | -1.55σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.80σ (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 34 completed Day +10 paths · latest Sep 17, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 34 | +0.1% | -4.5% to +3.4% | 50% | -1.7% to +2.2% | 0.0% |
| Day +2 | 34 | +0.5% | -4.2% to +8.4% | 56% | -1.8% to +6.5% | 0.0% |
| Day +3 | 34 | -0.2% | -7.2% to +8.8% | 50% | -3.0% to +6.6% | 0.0% |
| Day +4 | 34 | +2.4% | -7.6% to +8.1% | 56% | -5.5% to +6.3% | 0.0% |
| Day +5 | 34 | +3.7% | -8.1% to +11.2% | 62% | -4.7% to +8.7% | 0.0% |
| Day +6 | 34 | +4.8% | -10.3% to +18.4% | 62% | -7.5% to +14.8% | 0.0% |
| Day +7 | 34 | +7.7% | -10.7% to +18.6% | 62% | -2.7% to +13.4% | 0.0% |
| Day +8 | 34 | +9.9% | -7.7% to +23.1% | 65% | -5.0% to +20.4% | 0.0% |
| Day +9 | 34 | +8.3% | -12.2% to +24.4% | 62% | -2.7% to +20.6% | 0.0% |
| Day +10 | 34 | +1.3% | -15.7% to +20.5% | 50% | -7.6% to +16.6% | 0.0% |
Crosses below gamma max 38 completed Day +10 paths · latest Aug 7, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 38 | -0.2% | -3.6% to +5.8% | 45% | -2.0% to +2.6% | 0.0% |
| Day +2 | 38 | +1.0% | -4.2% to +8.9% | 50% | -2.1% to +6.3% | 0.0% |
| Day +3 | 38 | +0.7% | -8.6% to +14.0% | 50% | -3.5% to +6.1% | 0.0% |
| Day +4 | 38 | +0.6% | -9.9% to +6.8% | 50% | -5.3% to +4.3% | 0.0% |
| Day +5 | 38 | -0.7% | -9.1% to +10.8% | 39% | -6.4% to +4.1% | 0.0% |
| Day +6 | 38 | -1.5% | -12.2% to +14.7% | 47% | -8.6% to +8.8% | 0.0% |
| Day +7 | 38 | -4.1% | -12.7% to +19.3% | 45% | -11.1% to +9.9% | 0.0% |
| Day +8 | 38 | -5.2% | -15.8% to +16.8% | 39% | -13.8% to +7.3% | 0.0% |
| Day +9 | 38 | -6.9% | -12.3% to +18.3% | 37% | -9.7% to +2.1% | 0.0% |
| Day +10 | 38 | -6.6% | -11.8% to +15.8% | 34% | -10.1% to -0.1% | -0.1% |
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 | 12% |
| Gamma max crosses | 29 |
| Delta neutral crosses | 6 |
| Prior-year sessions closer to gamma max | 63.5% of 252 |
| Prior-year sessions closer to delta neutral | 29.4% of 252 |
| Open interest percentile (1y) | 57th |
| Daily open interest change versus prior year | -1.33σ (-32,538 contracts; 252 prior changes) |
| Open interest change, 5 sessions | -3.2% |
| Open interest change, 21 sessions | +12.8% |
| History available | Sep 7, 2021 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 10.74 vs 12.58 (-17.2%)
- closed above gamma max at 11.55 vs 11.45 (+0.9%)
- closed below gamma max at 13.59 vs 14.34 (-5.5%)
- closed above gamma max at 11.83 vs 11.76 (+0.6%)
- closed above delta neutral at 8.45 vs 8.11 (+4.0%)
- closed below delta neutral at 8.45 vs 8.55 (-1.2%)
- closed below gamma max at 24.57 vs 25.52 (-3.9%)
- closed above gamma max at 15.35 vs 15.32 (+0.2%)
- closed below gamma max at 13.91 vs 14.59 (-4.9%)
- closed above gamma max at 13.99 vs 13.03 (+6.8%)
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/RDW
Questions people ask about RDW
Where is RDW's gamma max today?
As of Oct 2, 2026, the gamma max for RDW is 12.99, +19.4% from the 10.88 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 RDW above or below its delta neutral price?
RDW closed above delta neutral: 10.88 against a delta neutral price of 9.01. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does RDW have?
318,478 contracts of open interest across 393 listed contracts on Oct 2, 2026, -9.3% 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.