SNAP max pain, gamma exposure (GEX) & options open interest
As of close · rank #80 by open interest · 1,394 sessions of history since Dec 1, 2020
SNAP's nearest-expiration max pain is 5.50 for 2026-10-09, its GEX flip is 1.26, net GEX is 45,079,256, its put/call open-interest ratio is 0.31. 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.
SNAP closed 9.6% below its gamma max of 6.12. It is 13.2% above the delta neutral price of 4.85. Total open interest is 1,296,031, -2.5% versus the previous session. Its options catalyst-intensity score is 42.2 out of 100. 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 | -21,948 contracts · -2.2% |
| Put OI change, 1 session | -11,612 contracts · -3.7% |
| Call minus put OI growth, 1 session | +1.5 pp |
| Call OI change, 5 sessions | +22,252 contracts · +2.3% |
| Put OI change, 5 sessions | -3,662 contracts · -1.2% |
| Call minus put OI growth, 5 sessions | +3.5 pp |
| Daily call OI change surprise | -0.27σ (252 prior changes) |
| Daily put OI change surprise | -0.37σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.54σ (252 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
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 24 completed Day +10 paths · latest Aug 5, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 24 | +0.4% | -2.0% to +2.7% | 54% | -1.5% to +2.2% | 0.0% |
| Day +2 | 24 | +0.0% | -1.9% to +3.6% | 50% | -1.4% to +2.4% | 0.0% |
| Day +3 | 24 | +0.6% | -1.9% to +5.3% | 54% | -1.2% to +3.5% | 0.0% |
| Day +4 | 24 | +0.9% | -2.1% to +5.8% | 50% | -1.7% to +3.6% | 0.0% |
| Day +5 | 24 | +1.0% | -2.6% to +6.5% | 58% | -1.5% to +1.5% | 0.0% |
| Day +6 | 24 | +0.2% | -3.2% to +5.4% | 50% | -2.9% to +3.7% | 0.0% |
| Day +7 | 24 | -0.1% | -4.9% to +8.8% | 50% | -4.4% to +8.3% | 0.0% |
| Day +8 | 24 | -0.9% | -7.5% to +8.2% | 50% | -5.5% to +6.9% | 0.0% |
| Day +9 | 24 | -0.3% | -6.5% to +7.6% | 50% | -6.3% to +5.9% | 0.0% |
| Day +10 | 24 | +1.1% | -7.6% to +8.6% | 50% | -6.2% to +6.9% | 0.0% |
Crosses above gamma max 20 completed Day +10 paths · latest Apr 14, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 20 | +0.5% | -0.3% to +1.8% | 65% | -0.2% to +1.7% | 0.0% |
| Day +2 | 20 | +2.1% | -0.7% to +4.6% | 70% | -0.7% to +4.4% | 0.0% |
| Day +3 | 20 | +3.2% | -1.8% to +7.6% | 60% | -1.7% to +7.6% | 0.0% |
| Day +4 | 20 | +3.6% | -2.2% to +6.9% | 60% | -2.0% to +6.8% | 0.0% |
| Day +5 | 20 | +2.2% | -1.0% to +8.0% | 65% | -0.9% to +7.9% | 0.0% |
| Day +6 | 20 | +2.4% | -0.2% to +6.9% | 70% | -0.1% to +6.3% | 0.0% |
| Day +7 | 20 | +1.6% | -1.1% to +5.0% | 60% | -0.9% to +4.8% | 0.0% |
| Day +8 | 20 | +2.3% | -1.3% to +8.2% | 65% | -1.0% to +8.0% | 0.0% |
| Day +9 | 20 | +3.5% | -2.3% to +8.8% | 60% | -2.1% to +8.3% | 0.0% |
| Day +10 | 20 | +3.1% | -4.3% to +7.5% | 55% | -3.8% to +7.2% | 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 | 2% |
| Gamma max crosses | 6 |
| Delta neutral crosses | 12 |
| Prior-year sessions closer to gamma max | 35.3% of 252 |
| Prior-year sessions closer to delta neutral | 75.0% of 252 |
| Open interest percentile (1y) | 4th |
| Daily open interest change versus prior year | -0.31σ (-33,560 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +1.5% |
| Open interest change, 21 sessions | -7.0% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 5.32 vs 5.72 (-7.5%)
- closed above gamma max at 5.76 vs 5.74 (+0.4%)
- closed above delta neutral at 4.41 vs 4.33 (+1.8%)
- closed below delta neutral at 4.35 vs 4.37 (-0.5%)
- closed above delta neutral at 4.68 vs 4.41 (+5.7%)
- closed below delta neutral at 4.74 vs 4.81 (-1.4%)
- closed below gamma max at 6.00 vs 6.00 (-0.1%)
- closed above gamma max at 5.60 vs 5.44 (+2.9%)
- closed above delta neutral at 4.60 vs 4.19 (+8.9%)
- closed below delta neutral at 4.91 vs 4.97 (-1.2%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/SNAP
Questions people ask about SNAP
Where is SNAP's gamma max today?
As of Oct 2, 2026, the gamma max for SNAP is 6.12, +9.6% from the 5.59 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 SNAP above or below its delta neutral price?
SNAP closed above delta neutral: 5.59 against a delta neutral price of 4.85. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does SNAP have?
1,296,031 contracts of open interest across 188 listed contracts on Oct 2, 2026, -2.5% 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.