RITM max pain, gamma exposure (GEX) & options open interest
As of close · rank #528 by open interest · 971 sessions of history since Aug 2, 2022
RITM's nearest-expiration max pain is 9.00 for 2026-10-16, its GEX flip is 8.84, net GEX is -360,609, its put/call open-interest ratio is 0.88. 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: OI change 0.26σ
RITM closed 21.7% below its gamma max of 10.60. It is 0.6% below the delta neutral price of 8.76. Total open interest is 134,331, +1.2% versus the previous session. Its options catalyst-intensity score is 56.3 out of 100, led by OI change 0.26σ. 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 | +1,818 contracts · +2.6% |
| Put OI change, 1 session | -216 contracts · -0.3% |
| Call minus put OI growth, 1 session | +3.0 pp |
| Call OI change, 5 sessions | +2,942 contracts · +4.3% |
| Put OI change, 5 sessions | +2,496 contracts · +4.1% |
| Call minus put OI growth, 5 sessions | +0.2 pp |
| Daily call OI change surprise | +0.44σ (252 prior changes) |
| Daily put OI change surprise | -0.06σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.75σ (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 28 completed Day +10 paths · latest Sep 8, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 28 | +0.0% | -0.9% to +0.4% | 50% | -0.4% to +0.2% | 0.0% |
| Day +2 | 28 | -0.1% | -0.8% to +0.3% | 43% | -0.5% to +0.2% | 0.0% |
| Day +3 | 28 | -0.4% | -1.5% to +1.0% | 46% | -1.2% to +0.8% | 0.0% |
| Day +4 | 28 | -0.9% | -1.6% to +0.7% | 43% | -1.4% to +0.4% | 0.0% |
| Day +5 | 28 | -0.4% | -2.1% to +0.9% | 36% | -1.4% to +0.4% | 0.0% |
| Day +6 | 28 | +0.2% | -3.0% to +1.3% | 54% | -2.3% to +1.1% | 0.0% |
| Day +7 | 28 | -1.0% | -2.7% to +1.2% | 46% | -2.3% to +0.8% | 0.0% |
| Day +8 | 28 | -0.7% | -3.2% to +1.6% | 46% | -1.9% to +1.0% | 0.0% |
| Day +9 | 28 | -0.6% | -3.1% to +1.5% | 36% | -2.4% to +0.3% | 0.0% |
| Day +10 | 28 | -0.5% | -3.1% to +1.9% | 46% | -2.3% to +0.7% | 0.0% |
Crosses above gamma max 28 completed Day +10 paths · latest Sep 4, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 28 | +0.0% | -0.8% to +0.8% | 50% | -0.5% to +0.5% | 0.0% |
| Day +2 | 28 | -0.7% | -1.3% to +0.5% | 29% | -1.0% to -0.1% | -0.1% |
| Day +3 | 28 | -0.5% | -1.7% to +1.1% | 36% | -1.6% to +0.2% | 0.0% |
| Day +4 | 28 | -0.1% | -1.9% to +0.8% | 43% | -1.5% to +0.4% | 0.0% |
| Day +5 | 28 | -0.4% | -2.2% to +0.4% | 39% | -1.6% to +0.3% | 0.0% |
| Day +6 | 28 | -0.7% | -3.1% to +0.7% | 46% | -1.9% to +0.4% | 0.0% |
| Day +7 | 28 | -0.4% | -3.4% to +1.1% | 39% | -2.2% to +0.7% | 0.0% |
| Day +8 | 28 | -0.4% | -3.8% to +0.6% | 46% | -2.6% to +0.3% | 0.0% |
| Day +9 | 28 | -0.6% | -4.6% to +0.7% | 43% | -3.2% to +0.5% | 0.0% |
| Day +10 | 28 | -0.3% | -4.9% to +1.3% | 43% | -3.6% to +0.3% | 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 | 2% |
| Gamma max crosses | 6 |
| Delta neutral crosses | 47 |
| Prior-year sessions closer to gamma max | 94.8% of 252 |
| Prior-year sessions closer to delta neutral | 14.7% of 252 |
| Open interest percentile (1y) | 21th |
| Daily open interest change versus prior year | +0.26σ (1,602 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +4.2% |
| Open interest change, 21 sessions | -3.7% |
| History available | Aug 2, 2022 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 8.75 vs 8.92 (-2.0%)
- closed above delta neutral at 9.08 vs 8.83 (+2.8%)
- closed below delta neutral at 9.13 vs 9.17 (-0.5%)
- closed below gamma max at 9.95 vs 10.05 (-1.0%)
- closed above gamma max at 10.08 vs 10.04 (+0.4%)
- closed below gamma max at 9.89 vs 10.02 (-1.3%)
- closed above gamma max at 10.08 vs 10.04 (+0.4%)
- closed below gamma max at 10.01 vs 10.07 (-0.6%)
- closed above gamma max at 10.25 vs 10.11 (+1.4%)
- closed above delta neutral at 9.78 vs 9.11 (+6.9%)
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/RITM
Questions people ask about RITM
Where is RITM's gamma max today?
As of Oct 2, 2026, the gamma max for RITM is 10.60, +21.7% from the 8.71 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 RITM above or below its delta neutral price?
RITM closed below delta neutral: 8.71 against a delta neutral price of 8.76. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does RITM have?
134,331 contracts of open interest across 96 listed contracts on Oct 2, 2026, +1.2% 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.