Data through close

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

As of close · rank #499 by open interest · 1,324 sessions of history since Apr 1, 2021

SONY's nearest-expiration max pain is 24.50 for 2026-10-30, its GEX flip is 17.26, net GEX is 25,680,150, its put/call open-interest ratio is 0.16. These are whole-chain derived aggregates as of Oct 23, 2026 close.

SONY 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
24.50
-6.1% from close
Expiry: 2026-10-30
GEX flip
17.26
-33.8% from close
Net GEX
25,680,150
17,218,821 per 100k OI
Call wall
25.00
-4.1% from close
Put wall
22.50
-13.7% from close
Put/call OI
0.16
20,557 puts / 128,583 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.

Close
26.08
prev 26.20
Gamma max
25.55
-2.0% from close
Delta neutral
20.47
-21.5% from close
Gamma neutral
17.26
-33.8% from close
Open interest
149,140
-1.4% vs prev
Contracts listed
228
153 calls · 106 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
42.8
cross-sectional score / 100
Directional score
-2.7
mixed positioning
IV rank
42.1
within trailing 52-week range
Front IV premium
-1.0 pp
front minus back volatility difference
25Δ risk reversal
120.2 pp
put IV minus call IV
IV butterfly
-1.7 pp
front-window smile convexity
Volume / open interest
0.03
5,139 contracts traded
Normalized net delta
0.415
option-holder convention
Modeled dealer delta
-0.411
opposite-side scenario
Vanna / 100k OI
570
volatility-sensitive delta
Charm / 100k OI
-313,421
time-decay-sensitive delta
IV surface range
161.4 pp
aggregate volatility dispersion

Strongest relative signals: 25Δ risk reversal 120.2 pp

Download the dated aggregate analysis JSON .

SONY closed 2.0% above its gamma max of 25.55. It is 21.5% above the delta neutral price of 20.47. Total open interest is 149,140, -1.4% versus the previous session. Its options catalyst-intensity score is 42.8 out of 100, led by 25Δ risk reversal 120.2 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.

SONY call and put open interest changes
Measure Value
Call OI change, 1 session +33 contracts · +0.0%
Put OI change, 1 session -2,103 contracts · -9.3%
Call minus put OI growth, 1 session +9.3 pp
Call OI change, 5 sessions +5,447 contracts · +4.4%
Put OI change, 5 sessions -280 contracts · -1.3%
Call minus put OI growth, 5 sessions +5.8 pp
Daily call OI change surprise -0.05σ (252 prior changes)
Daily put OI change surprise -1.37σ (252 prior changes)
Daily call-minus-put growth surprise +0.98σ (252 prior changes)

History

2025-10 2026-10
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 2026-10-23. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

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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 above gamma max 46 completed Day +10 paths · latest Oct 22, 2026
SONY 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. -10.0% -5.0% 0% +5.0% +10.0% Cross on Apr 9, 2021 Cross on Jul 29, 2021 Cross on Sep 2, 2021 Cross on Sep 10, 2021 Cross on Oct 14, 2021 Cross on Nov 1, 2021 Cross on Dec 7, 2021 Cross on Dec 23, 2021 Cross on Dec 31, 2021 Cross on Jan 7, 2022 Cross on Jan 14, 2022 Cross on Nov 1, 2022 Cross on Nov 4, 2022 Cross on Dec 1, 2022 Cross on Jan 19, 2023 Cross on Jan 27, 2023 Cross on Feb 2, 2023 Cross on Mar 31, 2023 Cross on Apr 14, 2023 Cross on May 17, 2023 Cross on May 25, 2023 Cross on Jun 6, 2023 Cross on Jan 10, 2024 Cross on Jan 17, 2024 Cross on Dec 10, 2024 Cross on Jan 23, 2025 Cross on Mar 19, 2025 Cross on Mar 21, 2025 Cross on Apr 14, 2025 Cross on Apr 16, 2025 Cross on Apr 25, 2025 Cross on Apr 30, 2025 Cross on May 20, 2025 Cross on May 27, 2025 Cross on May 29, 2025 Cross on Jun 6, 2025 Cross on Jun 10, 2025 Cross on Aug 13, 2025 Cross on Sep 11, 2025 Cross on Sep 18, 2025 Cross on Sep 22, 2025 Cross on Oct 6, 2025 Cross on Nov 12, 2025 Cross on Jul 29, 2026 Cross on Aug 7, 2026 Cross on Aug 14, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
SONY historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 47 -0.3% -1.4% to +1.0% 47% -0.9% to +0.5% 0.0%
Day +2 46 +0.3% -1.4% to +1.6% 57% -0.5% to +0.9% 0.0%
Day +3 46 +0.2% -1.3% to +1.5% 52% -1.0% to +1.2% 0.0%
Day +4 46 +0.6% -2.6% to +1.6% 59% -0.4% to +1.2% 0.0%
Day +5 46 +0.4% -2.3% to +2.0% 54% -1.1% to +1.3% 0.0%
Day +6 46 -0.2% -2.1% to +1.8% 46% -1.2% to +0.8% 0.0%
Day +7 46 -0.1% -3.6% to +2.2% 46% -1.3% to +0.8% 0.0%
Day +8 46 -0.2% -3.0% to +2.8% 48% -1.6% to +1.7% 0.0%
Day +9 46 -0.4% -3.8% to +1.7% 46% -2.5% to +0.8% 0.0%
Day +10 46 -0.5% -3.6% to +2.3% 48% -1.4% to +1.2% 0.0%
Crosses below gamma max 46 completed Day +10 paths · latest Aug 17, 2026
SONY 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. -8.0% -4.0% 0% +4.0% +8.0% Cross on Apr 16, 2021 Cross on Jul 30, 2021 Cross on Sep 8, 2021 Cross on Sep 14, 2021 Cross on Oct 15, 2021 Cross on Nov 3, 2021 Cross on Dec 9, 2021 Cross on Dec 30, 2021 Cross on Jan 6, 2022 Cross on Jan 11, 2022 Cross on Jan 18, 2022 Cross on Nov 2, 2022 Cross on Nov 18, 2022 Cross on Dec 2, 2022 Cross on Jan 26, 2023 Cross on Jan 30, 2023 Cross on Feb 3, 2023 Cross on Apr 5, 2023 Cross on Apr 21, 2023 Cross on May 19, 2023 Cross on May 26, 2023 Cross on Jun 7, 2023 Cross on Jan 16, 2024 Cross on Jan 18, 2024 Cross on Nov 12, 2024 Cross on Dec 13, 2024 Cross on Mar 20, 2025 Cross on Apr 1, 2025 Cross on Apr 15, 2025 Cross on Apr 17, 2025 Cross on Apr 28, 2025 Cross on May 1, 2025 Cross on May 21, 2025 Cross on May 28, 2025 Cross on Jun 3, 2025 Cross on Jun 9, 2025 Cross on Jun 20, 2025 Cross on Aug 15, 2025 Cross on Sep 12, 2025 Cross on Sep 19, 2025 Cross on Sep 23, 2025 Cross on Oct 7, 2025 Cross on Nov 13, 2025 Cross on Aug 3, 2026 Cross on Aug 11, 2026 Cross on Aug 17, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
SONY historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 46 -0.3% -1.3% to +0.6% 43% -0.9% to +0.2% 0.0%
Day +2 46 -0.0% -1.4% to +0.9% 48% -1.0% to +0.2% 0.0%
Day +3 46 -0.0% -1.7% to +1.8% 48% -0.5% to +0.7% 0.0%
Day +4 46 +0.4% -2.5% to +2.7% 57% -0.7% to +1.8% 0.0%
Day +5 46 +0.1% -2.2% to +2.2% 50% -1.4% to +1.3% 0.0%
Day +6 46 -0.2% -2.5% to +2.4% 48% -1.9% to +1.5% 0.0%
Day +7 46 -0.7% -2.7% to +2.0% 41% -2.1% to +1.4% 0.0%
Day +8 46 +0.1% -2.9% to +1.5% 50% -2.4% to +1.1% 0.0%
Day +9 46 -0.0% -2.5% to +2.9% 48% -1.2% to +1.5% 0.0%
Day +10 46 +0.4% -2.7% to +2.2% 52% -1.6% to +1.9% 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

SONY trailing historical statistics
Sessions closed above gamma max 4%
Gamma max crosses 9
Delta neutral crosses 20
Prior-year sessions closer to gamma max 10.7% of 252
Prior-year sessions closer to delta neutral 99.6% of 252
Open interest percentile (1y) 68th
Daily open interest change versus prior year -0.30σ (-2,070 contracts; 252 prior changes)
Open interest change, 5 sessions +3.6%
Open interest change, 21 sessions -6.4%
History available Apr 1, 2021 → Oct 23, 2026

Recent crosses

  1. closed above gamma max at 26.20 vs 25.49 (+2.7%)
  2. closed below gamma max at 23.70 vs 24.13 (-1.8%)
  3. closed above gamma max at 24.29 vs 23.26 (+4.3%)
  4. closed below gamma max at 23.61 vs 23.78 (-0.7%)
  5. closed above gamma max at 23.46 vs 22.86 (+2.6%)
  6. closed below gamma max at 22.63 vs 23.15 (-2.3%)
  7. closed above gamma max at 23.27 vs 22.79 (+2.0%)
  8. closed above delta neutral at 20.95 vs 20.95 (+0.0%)
  9. closed below delta neutral at 21.05 vs 21.06 (-0.0%)
  10. closed above delta neutral at 20.88 vs 20.80 (+0.4%)

In today's screens

Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/SONY

Questions people ask about SONY

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

As of Oct 23, 2026 close, nearest-expiration max pain is 24.50 for the 2026-10-30 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.

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

Signed net GEX is 25,680,150 as of Oct 23, 2026 close. The confirmed GEX flip is 17.26. 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 SONY's gamma max today?

As of Oct 23, 2026, the gamma max for SONY is 25.55, -2.0% from the 26.08 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 SONY above or below its delta neutral price?

SONY closed above delta neutral: 26.08 against a delta neutral price of 20.47. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SONY have?

149,140 contracts of open interest across 228 listed contracts on Oct 23, 2026, -1.4% 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.