Data through close

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

As of close

RTX max pain · nearest expiration

195.00 for

1.8% below the 198.58 close

All-expiration max pain 185.00

Net GEX 7.08M (positive 5 sessions) GEX flip 193.44 (2.6% below) Put/call OI 0.86

RTX close vs max pain · last 60 sessions
198.58 195.00 MP net GEX Aug 21 Nov 13 198.58 195.00 MP net GEX Aug 21 Nov 13

Over the last 60 sessions to Nov 13, 2026, RTX closed between 180.26 and 212.08; nearest-expiration max pain ranged from 185.00 to 215.00. Latest max pain 195.00 for the Fri, Nov 20, 2026 expiration. 2 of 13 expirations in view closed nearer the prior-session max pain than the prior close.

  • Close
  • Max pain (nearest expiration)
  • All-expiration max pain
  • Expiry close nearer max pain
  • nearer prior close

Markers sit on expiration sessions and compare that close with the prior session's max pain and close. Bars show net GEX, calls positive and puts negative. Descriptive history, not a forecast.

Over the past 252 sessions, RTX's expiration-day close was nearer the prior session's max pain than the prior close on 5 of 53 expirations (9%). Expiration record

RTX's nearest-expiration max pain is 195.00 for the Fri, Nov 20, 2026 expiration, 1.8% below the 198.58 close; all-expiration max pain is 185.00; the GEX flip is 193.44; net GEX is 7.08M (modeled dollar-delta change per $1 move); the put/call open-interest ratio is 0.86. These are whole-chain derived aggregates as of Nov 13, 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
195.00
-1.8% from close
Expiry: Fri, Nov 20, 2026
All-expiration max pain: 185.00
GEX flip (gamma neutral)
193.44
-2.6% from close
Net GEX
7,078,866
3,552,595 per 100k OI
Call wall
200.00
+0.7% from close
Put wall
200.00
+0.7% from close
Put/call OI
0.86
92,060 puts / 107,199 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.

Does RTX close at max pain? Expiration record

Over the past 252 sessions, RTX's expiration-day close was nearer the prior session's max pain than the prior close on 5 of 53 expirations (9%). The median distance from the expiration close was 2.77% for max pain and 0.73% for an unchanged prior close; 9 of 53 closes finished within 1% of max pain.

RTX recent expirations versus prior-session max pain
Expiration Max pain (session before) Prior close Expiration close Close vs max pain Nearer
195.00 198.36 198.58 +1.80% Prior close
192.50 191.88 189.53 -1.55% Prior close
192.50 199.40 199.80 +3.66% Prior close
190.00 194.71 191.01 +0.52% Max pain
185.00 186.95 193.92 +4.77% Prior close
185.00 184.32 185.97 +0.53% Max pain
190.00 185.01 184.68 -2.88% Prior close
192.50 188.61 189.40 -1.64% Prior close
190.00 193.54 194.00 +2.07% Prior close
200.00 198.12 197.68 -1.17% Prior close

Each expiration compares the last session before it, when it was the nearest expiration, with the close of the expiration session. Distances are percentages of that prior close. Underlying closes are not official option settlement values. The archive was reconstructed in September 2026, so it does not show what was published at the time. This is descriptive history, not a forecast. The site-wide 2025 max-pain study uses the same comparison on Thursday snapshots.

Close
198.58
prev 198.36
Gamma max
213.62
+7.6% from close
Delta neutral
193.26
-2.7% from close
Gamma neutral (GEX flip)
193.44
-2.6% from close
Open interest
199,259
-5.8% vs prev
Contracts listed
596
390 calls · 327 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
44.9
cross-sectional score / 100
Directional score
-17.4
relatively bearish positioning
IV rank
50.2
within trailing 52-week range
Front IV premium
5.5 pp
front minus back volatility difference
25Δ risk reversal
5.7 pp
put IV minus call IV
IV butterfly
-0.1 pp
front-window smile convexity
Volume / open interest
0.03
5,417 contracts traded
Normalized net delta
0.057
option-holder convention
Modeled dealer delta
-0.052
opposite-side scenario
Vanna / 100k OI
2,604
volatility-sensitive delta
Charm / 100k OI
-776,952
time-decay-sensitive delta
IV surface range
138.9 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

RTX closed 7.6% below its gamma max of 213.62. It is 2.7% above the delta neutral price of 193.26. Total open interest is 199,259, -5.8% versus the previous session. Its options catalyst-intensity score is 44.9 out of 100. 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 -3,962 contracts · -3.6%
Put OI change, 1 session -8,295 contracts · -8.3%
Call minus put OI growth, 1 session +4.7 pp
Call OI change, 5 sessions +674 contracts · +0.6%
Put OI change, 5 sessions -3,594 contracts · -3.8%
Call minus put OI growth, 5 sessions +4.4 pp
Daily call OI change surprise -0.38σ (252 prior changes)
Daily put OI change surprise -1.45σ (252 prior changes)
Daily call-minus-put growth surprise +1.06σ (252 prior changes)

History

2025-11 2026-11
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 2026-11-13. This analysis view omits individual contract fields.

To see all-expiration max pain over time, open the History chart and select “All-expiration max pain” under More series.

Aggregate IV history

Chart loads when this section is in view.

Swipe chart sideways to see the full range.

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 6
Delta neutral crosses 14
Prior-year sessions closer to gamma max 54.0% of 252
Prior-year sessions closer to delta neutral 29.4% of 252
Open interest percentile (1y) 46th
Daily open interest change versus prior year -0.81σ (-12,257 contracts; 252 prior changes)
Open interest change, 5 sessions -1.4%
Open interest change, 21 sessions -0.0%
History available Dec 1, 2020 → Nov 13, 2026

Recent crosses

  1. closed above delta neutral at 196.31 vs 192.65 (+1.9%)
  2. closed below delta neutral at 189.53 vs 191.34 (-1.0%)
  3. closed above delta neutral at 193.92 vs 189.47 (+2.3%)
  4. closed below delta neutral at 193.54 vs 193.59 (-0.0%)
  5. closed above delta neutral at 195.50 vs 194.18 (+0.7%)
  6. closed below delta neutral at 195.34 vs 195.62 (-0.1%)
  7. closed above delta neutral at 179.52 vs 176.01 (+2.0%)
  8. closed below delta neutral at 174.39 vs 174.65 (-0.2%)
  9. closed above delta neutral at 175.95 vs 175.43 (+0.3%)
  10. closed below delta neutral at 175.68 vs 177.24 (-0.9%)

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 Nov 13, 2026 close, nearest-expiration max pain is 195.00 for the Fri, Nov 20, 2026 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.

Is RTX max pain a reliable closing-price forecast?

Over the past 252 sessions, RTX's expiration-day close was nearer the prior session's max pain than the prior close on 5 of 53 expirations (9%). The median distance from the expiration close was 2.77% for max pain and 0.73% for an unchanged prior close. Past expirations do not predict the next one. See the expiration record.

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

Signed net GEX is 7,078,866 as of Nov 13, 2026 close. The confirmed GEX flip is 193.44. Net GEX has been positive for the last 5 sessions and negative on 45 of the past 252. 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 Nov 13, 2026, the gamma max for RTX is 213.62, +7.6% from the 198.58 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 RTX above or below its delta neutral price?

RTX closed above delta neutral: 198.58 against a delta neutral price of 193.26. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does RTX have?

199,259 contracts of open interest across 596 listed contracts on Nov 13, 2026, -5.8% 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.