Data through close

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

As of close · rank #2089 by open interest · snapshot page

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SARO's nearest-expiration max pain is 22.50 for 2026-10-16, net GEX is 421,843, its put/call open-interest ratio is 0.62. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
21.05
prev 21.17
Gamma max
22.78
+8.2% from close
Delta neutral
20.64
-1.9% from close
Gamma neutral
21.05
0.0% from close
Open interest
9,928
+44.4% vs prev
Contracts listed
45
27 calls · 20 puts

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.

Nearest max pain
22.50
+6.9% from close
2026-10-16
GEX flip
–
Net GEX
421,843
4,249,020 per 100k OI
Call wall
22.50
+6.9% from close
Put wall
20.00
-5.0% from close
Put/call OI
0.62
3,797 puts / 6,131 calls

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.

Catalyst intensity
–
cross-sectional score / 100
Directional score
–
IV rank
40.3
within trailing 52-week range
Front / back ATM IV
+62.3% / +47.8%
14.5 pp front premium
Expected move
+12.2%
14 DTE · one standard deviation
ATM straddle / spot
+14.1%
front-window midpoint premium
25Δ risk reversal
-1.9 pp
put IV minus call IV
IV butterfly
-0.9 pp
front-window smile convexity
Volume / open interest
0.21
2,109 contracts traded
Normalized net delta
0.041
option-holder convention
Modeled dealer delta
-0.041
opposite-side scenario
Vanna / 100k OI
2,347
volatility-sensitive delta
Charm / 100k OI
-246,384
time-decay-sensitive delta
IV surface range
92.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

SARO closed 8.2% below its gamma max of 22.78. It is 1.9% above the delta neutral price of 20.64. Total open interest is 9,928, +44.4% versus the previous session. What gamma max means · What delta neutral means

History

Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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In today's screens

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Neighbours by open interest

← SOLT (#2088) NABL (#2090) →

Questions people ask about SARO

Where is SARO's gamma max today?

As of Oct 2, 2026, the gamma max for SARO is 22.78, +8.2% from the 21.05 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 SARO above or below its delta neutral price?

SARO closed above delta neutral: 21.05 against a delta neutral price of 20.64. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SARO have?

9,928 contracts of open interest across 45 listed contracts on Oct 2, 2026, +44.4% 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.