Data through close

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

As of close · rank #2946 by open interest · snapshot page

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SCHB's nearest-expiration max pain is 26.00 for 2026-10-16, its GEX flip is 16.60, net GEX is 1,294,112, its put/call open-interest ratio is 0.29. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
29.61
prev 29.39
Gamma max
29.98
+1.3% from close
Delta neutral
26.16
-11.6% from close
Gamma neutral
16.60
-44.0% from close
Open interest
2,895
+2.4% vs prev
Contracts listed
59
42 calls · 25 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
26.00
-12.2% from close
2026-10-16
GEX flip
16.60
-44.0% from close
Net GEX
1,294,112
44,701,607 per 100k OI
Call wall
30.00
+1.3% from close
Put wall
29.00
-2.1% from close
Put/call OI
0.29
658 puts / 2,237 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
62.1
within trailing 52-week range
Front / back ATM IV
+17.6% / +15.5%
2.1 pp front premium
Expected move
+3.5%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
207.8 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
16 contracts traded
Normalized net delta
0.291
option-holder convention
Modeled dealer delta
-0.273
opposite-side scenario
Vanna / 100k OI
2,280
volatility-sensitive delta
Charm / 100k OI
711,468
time-decay-sensitive delta
IV surface range
206.1 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

SCHB closed 1.3% below its gamma max of 29.98. It is 11.6% above the delta neutral price of 26.16. Total open interest is 2,895, +2.4% 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

← EQ (#2945) CMTG (#2947) →

Questions people ask about SCHB

Where is SCHB's gamma max today?

As of Oct 2, 2026, the gamma max for SCHB is 29.98, +1.3% from the 29.61 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 SCHB above or below its delta neutral price?

SCHB closed above delta neutral: 29.61 against a delta neutral price of 26.16. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SCHB have?

2,895 contracts of open interest across 59 listed contracts on Oct 2, 2026, +2.4% 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.