RZLV max pain, gamma exposure (GEX) & options open interest
As of close · rank #288 by open interest · 345 sessions of history since Feb 14, 2025
RZLV's nearest-expiration max pain is 2.00 for 2026-10-09, net GEX is 7,353,042, its put/call open-interest ratio is 0.25. 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: front IV premium 17.0 pp · 7d expected move +12.9% · 25Δ risk reversal -34.1 pp
RZLV closed 15.3% below its gamma max of 2.38. It is 16.4% above the delta neutral price of 1.72. Total open interest is 322,512, -1.2% versus the previous session. Its options catalyst-intensity score is 66.3 out of 100, led by front IV premium 17.0 pp, 7d expected move +12.9%, 25Δ risk reversal -34.1 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 | -4,202 contracts · -1.6% |
| Put OI change, 1 session | +312 contracts · +0.5% |
| Call minus put OI growth, 1 session | -2.1 pp |
| Call OI change, 5 sessions | +1,922 contracts · +0.8% |
| Put OI change, 5 sessions | +1,162 contracts · +1.8% |
| Call minus put OI growth, 5 sessions | -1.1 pp |
| Daily call OI change surprise | -0.31σ (252 prior changes) |
| Daily put OI change surprise | +0.05σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.34σ (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 16 completed Day +10 paths · latest Sep 21, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 17 | -2.6% | -3.4% to +1.1% | 41% | -3.4% to +1.1% | 0.0% |
| Day +2 | 17 | -0.9% | -4.8% to +1.8% | 41% | -4.8% to +1.8% | 0.0% |
| Day +3 | 17 | -1.8% | -10.3% to +1.5% | 29% | -10.3% to +1.5% | 0.0% |
| Day +4 | 17 | -4.7% | -17.9% to +1.0% | 29% | -17.9% to +1.0% | 0.0% |
| Day +5 | 17 | -7.8% | -14.7% to +3.3% | 29% | -14.7% to +3.3% | 0.0% |
| Day +6 | 17 | -10.2% | -16.9% to -3.9% | 24% | -16.9% to -3.9% | -3.9% |
| Day +7 | 17 | -10.3% | -18.3% to -1.5% | 18% | -18.3% to -1.5% | -1.5% |
| Day +8 | 17 | -8.1% | -20.6% to -1.7% | 24% | -20.6% to -1.7% | -1.7% |
| Day +9 | 17 | -8.8% | -20.8% to -0.4% | 24% | -20.8% to -0.4% | -0.4% |
| Day +10 | 16 | -5.8% | -21.0% to +4.2% | 44% | -21.0% to +1.4% | 0.0% |
Crosses above gamma max 13 completed Day +10 paths · latest Sep 18, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 13 | -1.4% | -3.5% to +2.0% | 38% | -3.5% to +2.0% | 0.0% |
| Day +2 | 13 | -1.1% | -9.5% to +3.1% | 38% | -9.5% to +3.1% | 0.0% |
| Day +3 | 13 | -1.8% | -9.9% to +0.4% | 31% | -9.9% to +0.4% | 0.0% |
| Day +4 | 13 | -1.8% | -14.6% to +4.4% | 38% | -14.6% to +4.4% | 0.0% |
| Day +5 | 13 | -3.6% | -15.2% to +9.8% | 46% | -15.2% to +9.8% | 0.0% |
| Day +6 | 13 | -9.0% | -16.8% to +6.3% | 31% | -16.8% to +6.3% | 0.0% |
| Day +7 | 13 | -6.6% | -19.4% to +14.0% | 38% | -19.4% to +14.0% | 0.0% |
| Day +8 | 13 | -8.5% | -18.8% to +10.3% | 38% | -18.8% to +10.3% | 0.0% |
| Day +9 | 13 | -6.2% | -21.1% to +9.1% | 38% | -21.1% to +9.1% | 0.0% |
| Day +10 | 13 | -8.6% | -15.7% to +9.9% | 31% | -15.7% to +9.9% | 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 | 23% |
| Gamma max crosses | 56 |
| Delta neutral crosses | 0 |
| Prior-year sessions closer to gamma max | 72.6% of 252 |
| Prior-year sessions closer to delta neutral | 0.0% of 252 |
| Open interest percentile (1y) | 80th |
| Daily open interest change versus prior year | -0.23σ (-3,890 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +1.0% |
| Open interest change, 21 sessions | -7.8% |
| History available | Feb 14, 2025 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 2.30 vs 2.45 (-6.4%)
- closed above gamma max at 2.27 vs 2.22 (+2.2%)
- closed below gamma max at 2.31 vs 2.45 (-6.1%)
- closed above gamma max at 2.20 vs 2.02 (+8.1%)
- closed below gamma max at 2.89 vs 2.93 (-1.4%)
- closed above gamma max at 2.97 vs 2.92 (+1.7%)
- closed below gamma max at 2.91 vs 2.93 (-0.9%)
- closed above gamma max at 2.96 vs 2.90 (+2.0%)
- closed below gamma max at 2.43 vs 2.89 (-18.7%)
- closed above gamma max at 2.46 vs 1.72 (+30.2%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
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Canonical source: https://halfonadouble.com/stock/RZLV
Questions people ask about RZLV
Where is RZLV's gamma max today?
As of Oct 2, 2026, the gamma max for RZLV is 2.38, +15.3% from the 2.06 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 RZLV above or below its delta neutral price?
RZLV closed above delta neutral: 2.06 against a delta neutral price of 1.72. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does RZLV have?
322,512 contracts of open interest across 144 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.