Data through close

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

As of close · rank #979 by open interest · snapshot page

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SHY's nearest-expiration max pain is 81.00 for 2026-10-16, its GEX flip is 101.31, net GEX is -18,211,268, its put/call open-interest ratio is 1.77. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
81.05
prev 81.10
Gamma max
84.52
+4.3% from close
Delta neutral
81.44
+0.5% from close
Gamma neutral
101.31
+25.0% from close
Open interest
51,290
-0.1% vs prev
Contracts listed
87
55 calls · 32 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
81.00
-0.1% from close
2026-10-16
GEX flip
101.31
+25.0% from close
Net GEX
-18,211,268
-35,506,469 per 100k OI
Call wall
82.00
+1.2% from close
Put wall
81.00
-0.1% from close
Put/call OI
1.77
32,786 puts / 18,504 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
1.3
within trailing 52-week range
Front / back ATM IV
+10.4% / +12.1%
-1.7 pp front premium
Expected move
+2.0%
14 DTE · one standard deviation
ATM straddle / spot
+0.5%
front-window midpoint premium
25Δ risk reversal
-24.6 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.00
79 contracts traded
Normalized net delta
-0.065
option-holder convention
Modeled dealer delta
0.057
opposite-side scenario
Vanna / 100k OI
5,063
volatility-sensitive delta
Charm / 100k OI
-800,238
time-decay-sensitive delta
IV surface range
26.3 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

SHY closed 4.3% below its gamma max of 84.52. It is 0.5% below the delta neutral price of 81.44. Total open interest is 51,290, -0.1% 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

Neighbours by open interest

← QLD (#978) TECL (#980) →

Questions people ask about SHY

Where is SHY's gamma max today?

As of Oct 2, 2026, the gamma max for SHY is 84.52, +4.3% from the 81.05 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 SHY above or below its delta neutral price?

SHY closed below delta neutral: 81.05 against a delta neutral price of 81.44. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SHY have?

51,290 contracts of open interest across 87 listed contracts on Oct 2, 2026, -0.1% 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.