Data through close

RTX max pain, gamma exposure (GEX) & options open interest

As of close · rank #436 by open interest · 1,403 sessions of history since Dec 1, 2020

RTX's nearest-expiration max pain is 185.00 for 2026-10-16, its GEX flip is 186.46, net GEX is 713,080, its put/call open-interest ratio is 0.85. These are whole-chain derived aggregates as of Oct 15, 2026 close.

RTX max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
185.00
-1.0% from close
Expiry: 2026-10-16
GEX flip
186.46
-0.3% from close
Net GEX
713,080
357,823 per 100k OI
Call wall
185.00
-1.0% from close
Put wall
185.00
-1.0% from close
Put/call OI
0.85
91,316 puts / 107,967 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
186.95
prev 186.47
Gamma max
211.61
+13.2% from close
Delta neutral
187.84
+0.5% from close
Gamma neutral
186.46
-0.3% from close
Open interest
199,283
+2.6% vs prev
Contracts listed
692
439 calls · 354 puts

Advanced options analysis

Public aggregate 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.

Catalyst intensity
55.0
cross-sectional score / 100
Directional score
-25.6
relatively bearish positioning
IV rank
72.6
within trailing 52-week range
Front IV premium
19.9 pp
front minus back volatility difference
25Δ risk reversal
10.0 pp
put IV minus call IV
IV butterfly
0.6 pp
front-window smile convexity
Volume / open interest
0.04
8,030 contracts traded
Normalized net delta
-0.005
option-holder convention
Modeled dealer delta
0.005
opposite-side scenario
Vanna / 100k OI
2,938
volatility-sensitive delta
Charm / 100k OI
209,573,962
time-decay-sensitive delta
IV surface range
253.8 pp
aggregate volatility dispersion

Strongest relative signals: front IV premium 19.9 pp · OI change 0.34σ

Download the dated aggregate analysis JSON .

RTX closed 13.2% below its gamma max of 211.61. It is 0.5% below the delta neutral price of 187.84. Total open interest is 199,283, +2.6% versus the previous session. Its options catalyst-intensity score is 55.0 out of 100, led by front IV premium 19.9 pp, OI change 0.34σ. 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.

RTX call and put open interest changes
Measure Value
Call OI change, 1 session +3,640 contracts · +3.5%
Put OI change, 1 session +1,440 contracts · +1.6%
Call minus put OI growth, 1 session +1.9 pp
Call OI change, 5 sessions +5,543 contracts · +5.4%
Put OI change, 5 sessions +3,619 contracts · +4.1%
Call minus put OI growth, 5 sessions +1.3 pp
Daily call OI change surprise +0.36σ (252 prior changes)
Daily put OI change surprise +0.25σ (252 prior changes)
Daily call-minus-put growth surprise +0.40σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Daily ticker aggregates through 2026-10-15. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

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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 32 completed Day +10 paths · latest Mar 3, 2026
RTX returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -8.0% -4.0% 0% +4.0% +8.0% Cross on Feb 25, 2021 Cross on Mar 19, 2021 Cross on May 4, 2021 Cross on May 11, 2021 Cross on May 18, 2021 Cross on May 25, 2021 Cross on Jun 9, 2021 Cross on Jun 18, 2021 Cross on Oct 11, 2021 Cross on Feb 10, 2022 Cross on Mar 2, 2022 Cross on Jun 8, 2022 Cross on Dec 5, 2022 Cross on Jan 17, 2024 Cross on Jan 19, 2024 Cross on Feb 15, 2024 Cross on Mar 25, 2024 Cross on Apr 3, 2024 Cross on Apr 11, 2024 Cross on May 13, 2024 Cross on Mar 20, 2025 Cross on May 16, 2025 Cross on Jun 10, 2025 Cross on Jun 12, 2025 Cross on Jun 18, 2025 Cross on Jul 18, 2025 Cross on Jul 24, 2025 Cross on Aug 1, 2025 Cross on Oct 22, 2025 Cross on Dec 24, 2025 Cross on Jan 15, 2026 Cross on Mar 3, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
RTX historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 32 +0.1% -0.7% to +0.9% 53% -0.6% to +0.5% 0.0%
Day +2 32 -0.1% -1.1% to +1.3% 44% -0.8% to +0.6% 0.0%
Day +3 32 +0.3% -1.2% to +1.9% 53% -0.8% to +1.6% 0.0%
Day +4 32 +0.7% -1.2% to +2.4% 56% -0.7% to +2.0% 0.0%
Day +5 32 +0.5% -1.0% to +2.8% 56% -0.7% to +1.5% 0.0%
Day +6 32 +0.6% -1.4% to +2.6% 53% -0.9% to +1.5% 0.0%
Day +7 32 +0.7% -1.5% to +3.1% 59% -0.7% to +2.2% 0.0%
Day +8 32 +0.0% -1.0% to +2.7% 50% -0.7% to +2.1% 0.0%
Day +9 32 +0.4% -1.0% to +3.5% 63% -0.9% to +2.5% 0.0%
Day +10 32 +1.3% -1.6% to +3.2% 66% -0.1% to +2.6% 0.0%
Crosses above gamma max 32 completed Day +10 paths · latest Mar 2, 2026
RTX returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -6.0% -3.0% 0% +3.0% +6.0% Cross on Feb 24, 2021 Cross on Mar 12, 2021 Cross on Apr 30, 2021 Cross on May 7, 2021 Cross on May 14, 2021 Cross on May 21, 2021 Cross on May 27, 2021 Cross on Jun 10, 2021 Cross on Oct 7, 2021 Cross on Feb 8, 2022 Cross on Feb 28, 2022 Cross on Jun 7, 2022 Cross on Dec 2, 2022 Cross on Jan 12, 2024 Cross on Jan 18, 2024 Cross on Feb 14, 2024 Cross on Mar 19, 2024 Cross on Mar 27, 2024 Cross on Apr 4, 2024 Cross on May 9, 2024 Cross on Mar 19, 2025 Cross on May 15, 2025 Cross on Jun 9, 2025 Cross on Jun 11, 2025 Cross on Jun 13, 2025 Cross on Jul 17, 2025 Cross on Jul 23, 2025 Cross on Jul 25, 2025 Cross on Oct 21, 2025 Cross on Dec 22, 2025 Cross on Jan 14, 2026 Cross on Mar 2, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
RTX historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 32 +0.1% -0.6% to +0.6% 56% -0.3% to +0.5% 0.0%
Day +2 32 +0.0% -0.8% to +0.5% 53% -0.5% to +0.4% 0.0%
Day +3 32 -0.0% -1.1% to +1.1% 47% -0.5% to +0.8% 0.0%
Day +4 32 -0.1% -0.8% to +1.0% 50% -0.7% to +0.4% 0.0%
Day +5 32 -0.1% -1.3% to +1.6% 44% -1.1% to +1.2% 0.0%
Day +6 32 +0.4% -1.6% to +2.3% 53% -1.5% to +1.0% 0.0%
Day +7 32 +0.3% -1.6% to +2.8% 53% -1.0% to +1.3% 0.0%
Day +8 32 +0.1% -1.8% to +3.1% 53% -1.1% to +1.4% 0.0%
Day +9 32 -0.2% -1.6% to +3.2% 47% -0.7% to +2.3% 0.0%
Day +10 32 +0.4% -1.5% to +2.9% 63% -0.5% to +1.5% 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

RTX trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 8
Delta neutral crosses 11
Prior-year sessions closer to gamma max 74.6% of 252
Prior-year sessions closer to delta neutral 4.4% of 252
Open interest percentile (1y) 47th
Daily open interest change versus prior year +0.34σ (5,080 contracts; 252 prior changes)
Open interest change, 5 sessions +4.8%
Open interest change, 21 sessions +7.1%
History available Dec 1, 2020 → Oct 15, 2026

Recent crosses

  1. closed below delta neutral at 193.54 vs 193.59 (-0.0%)
  2. closed above delta neutral at 195.50 vs 194.18 (+0.7%)
  3. closed below delta neutral at 195.34 vs 195.62 (-0.1%)
  4. closed above delta neutral at 179.52 vs 176.01 (+2.0%)
  5. closed below delta neutral at 174.39 vs 174.65 (-0.2%)
  6. closed above delta neutral at 175.95 vs 175.43 (+0.3%)
  7. closed below delta neutral at 175.68 vs 177.24 (-0.9%)
  8. closed above delta neutral at 178.66 vs 177.42 (+0.7%)
  9. closed below delta neutral at 187.17 vs 187.91 (-0.4%)
  10. closed above delta neutral at 192.90 vs 190.47 (+1.3%)

In today's screens

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Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/RTX

Questions people ask about RTX

What is RTX's max pain for the nearest expiration?

As of Oct 15, 2026 close, nearest-expiration max pain is 185.00 for the 2026-10-16 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do RTX's gamma exposure and gamma flip show?

Signed net GEX is 713,080 as of Oct 15, 2026 close. The confirmed GEX flip is 186.46. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is RTX's gamma max today?

As of Oct 15, 2026, the gamma max for RTX is 211.61, +13.2% from the 186.95 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 RTX above or below its delta neutral price?

RTX closed below delta neutral: 186.95 against a delta neutral price of 187.84. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does RTX have?

199,283 contracts of open interest across 692 listed contracts on Oct 15, 2026, +2.6% 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.