Data through close

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

As of close

SKHY max pain · nearest expiration

150.00 for

13.8% above the 131.79 close

All-expiration max pain 150.00

Net GEX -23.78M (negative 11 sessions) GEX flip 150.21 (14.0% above) Put/call OI 1.05

SKHY close vs max pain · last 60 sessions
131.79 150.00 MP net GEX Aug 21 Nov 13 131.79 150.00 MP net GEX Aug 21 Nov 13

Over the last 60 sessions to Nov 13, 2026, SKHY closed between 123.90 and 198.63; nearest-expiration max pain ranged from 133.00 to 192.50. Latest max pain 150.00 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 87 sessions, SKHY's expiration-day close was nearer the prior session's max pain than the prior close on 4 of 18 expirations (22%). Expiration record

SKHY's nearest-expiration max pain is 150.00 for the Fri, Nov 20, 2026 expiration, 13.8% above the 131.79 close; all-expiration max pain is 150.00; the GEX flip is 150.21; net GEX is -23.78M (modeled dollar-delta change per $1 move); the put/call open-interest ratio is 1.05. These are whole-chain derived aggregates as of Nov 13, 2026 close.

SKHY 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
150.00
+13.8% from close
Expiry: Fri, Nov 20, 2026
All-expiration max pain: 150.00
GEX flip (gamma neutral)
150.21
+14.0% from close
Net GEX
-23,776,287
-1,855,254 per 100k OI
Call wall
130.00
-1.4% from close
Put wall
135.00
+2.4% from close
Put/call OI
1.05
657,100 puts / 624,465 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 SKHY close at max pain? Expiration record

Over the past 87 sessions, SKHY's expiration-day close was nearer the prior session's max pain than the prior close on 4 of 18 expirations (22%). The median distance from the expiration close was 5.65% for max pain and 2.78% for an unchanged prior close; 1 of 18 closes finished within 1% of max pain.

SKHY recent expirations versus prior-session max pain
Expiration Max pain (session before) Prior close Expiration close Close vs max pain Nearer
135.00 137.71 131.79 -2.33% Max pain
149.00 123.90 127.34 -17.48% Prior close
150.00 162.09 145.77 -2.61% Max pain
145.00 131.69 137.02 -6.06% Prior close
160.00 146.11 136.49 -16.09% Prior close
185.00 170.50 169.03 -9.37% Prior close
185.00 193.50 195.13 +5.24% Prior close
185.00 186.37 191.56 +3.52% Prior close
170.00 182.99 187.50 +9.56% Prior close
185.00 188.30 190.07 +2.69% 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
131.79
prev 137.71
Gamma max
196.21
+48.9% from close
Delta neutral
146.88
+11.4% from close
Gamma neutral (GEX flip)
150.21
+14.0% from close
Open interest
1,281,565
-3.6% vs prev
Contracts listed
1,926
1,169 calls · 975 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
59.2
cross-sectional score / 100
Directional score
-22.8
relatively bearish positioning
IV rank
42.6
within trailing 52-week range
Front IV premium
16.6 pp
front minus back volatility difference
25Δ risk reversal
5.0 pp
put IV minus call IV
IV butterfly
2.3 pp
front-window smile convexity
Volume / open interest
0.07
91,925 contracts traded
Normalized net delta
-0.089
option-holder convention
Modeled dealer delta
0.089
opposite-side scenario
Vanna / 100k OI
2,397
volatility-sensitive delta
Charm / 100k OI
4,818,207
time-decay-sensitive delta
IV surface range
50.3 pp
aggregate volatility dispersion

Strongest relative signals: volume/OI 0.07 · front IV premium 16.6 pp

Download the dated aggregate analysis JSON .

SKHY closed 48.9% below its gamma max of 196.21. It is 11.4% below the delta neutral price of 146.88. Total open interest is 1,281,565, -3.6% versus the previous session. Its options catalyst-intensity score is 59.2 out of 100, led by volume/OI 0.07, front IV premium 16.6 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.

SKHY call and put open interest changes
Measure Value
Call OI change, 1 session -30,939 contracts · -4.7%
Put OI change, 1 session -16,641 contracts · -2.5%
Call minus put OI growth, 1 session -2.3 pp
Call OI change, 5 sessions +23,258 contracts · +3.9%
Put OI change, 5 sessions +44,752 contracts · +7.3%
Call minus put OI growth, 5 sessions -3.4 pp
Daily call OI change surprise — (85 prior changes)
Daily put OI change surprise — (85 prior changes)
Daily call-minus-put growth surprise — (85 prior changes)

History

2026-07 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 1 completed Day +10 paths · latest Sep 10, 2026
SKHY 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. -10.0% -5.0% 0% +5.0% +10.0% Cross on Sep 10, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
SKHY historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 1 +0.9% +0.9% to +0.9% 100% – –
Day +2 1 -6.7% -6.7% to -6.7% 0% – –
Day +3 1 -7.2% -7.2% to -7.2% 0% – –
Day +4 1 -7.1% -7.1% to -7.1% 0% – –
Day +5 1 -2.8% -2.8% to -2.8% 0% – –
Day +6 1 -0.4% -0.4% to -0.4% 0% – –
Day +7 1 +0.3% +0.3% to +0.3% 100% – –
Day +8 1 +3.8% +3.8% to +3.8% 100% – –
Day +9 1 +0.5% +0.5% to +0.5% 100% – –
Day +10 1 -1.0% -1.0% to -1.0% 0% – –
Crosses above gamma max 1 completed Day +10 paths · latest Sep 9, 2026
SKHY 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. -14.0% -7.0% 0% +7.0% +14.0% Cross on Sep 9, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
SKHY historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 1 -5.2% -5.2% to -5.2% 0% – –
Day +2 1 -4.3% -4.3% to -4.3% 0% – –
Day +3 1 -11.6% -11.6% to -11.6% 0% – –
Day +4 1 -12.0% -12.0% to -12.0% 0% – –
Day +5 1 -12.0% -12.0% to -12.0% 0% – –
Day +6 1 -7.9% -7.9% to -7.9% 0% – –
Day +7 1 -5.6% -5.6% to -5.6% 0% – –
Day +8 1 -4.9% -4.9% to -4.9% 0% – –
Day +9 1 -1.6% -1.6% to -1.6% 0% – –
Day +10 1 -4.7% -4.7% to -4.7% 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 87 sessions

SKHY trailing historical statistics
Sessions closed above gamma max 1%
Gamma max crosses 2
Delta neutral crosses 9
Prior-year sessions closer to gamma max 93.0% of 86
Prior-year sessions closer to delta neutral 72.1% of 86
Open interest percentile (1y) 97th
Daily open interest change versus prior year – (-47,580 contracts; 85 prior changes)
Open interest change, 5 sessions +5.6%
Open interest change, 21 sessions +15.7%
History available Jul 15, 2026 → Nov 13, 2026

Recent crosses

  1. closed below delta neutral at 145.77 vs 149.69 (-2.7%)
  2. closed above delta neutral at 164.70 vs 153.05 (+7.1%)
  3. closed below delta neutral at 162.23 vs 167.57 (-3.3%)
  4. closed above delta neutral at 169.03 vs 168.05 (+0.6%)
  5. closed below delta neutral at 170.50 vs 172.50 (-1.2%)
  6. closed below gamma max at 188.30 vs 200.88 (-6.7%)
  7. closed above gamma max at 198.63 vs 197.42 (+0.6%)
  8. closed above delta neutral at 149.00 vs 137.90 (+7.5%)
  9. closed below delta neutral at 143.02 vs 148.74 (-4.0%)
  10. closed above delta neutral at 154.03 vs 143.60 (+6.8%)

In today's screens

Neighbours by open interest

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Questions people ask about SKHY

What is SKHY's max pain for the nearest expiration?

As of Nov 13, 2026 close, nearest-expiration max pain is 150.00 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 SKHY max pain a reliable closing-price forecast?

Over the past 87 sessions, SKHY's expiration-day close was nearer the prior session's max pain than the prior close on 4 of 18 expirations (22%). The median distance from the expiration close was 5.65% for max pain and 2.78% for an unchanged prior close. Past expirations do not predict the next one. See the expiration record.

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

Signed net GEX is -23,776,287 as of Nov 13, 2026 close. The confirmed GEX flip is 150.21. Net GEX has been negative for the last 11 sessions and negative on 40 of the past 87. 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 SKHY's gamma max today?

As of Nov 13, 2026, the gamma max for SKHY is 196.21, +48.9% from the 131.79 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 SKHY above or below its delta neutral price?

SKHY closed below delta neutral: 131.79 against a delta neutral price of 146.88. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SKHY have?

1,281,565 contracts of open interest across 1,926 listed contracts on Nov 13, 2026, -3.6% 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.