Data through close

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

As of close · rank #3534 by open interest · snapshot page

Chart Download CSV JSON snapshot Advanced analysis

SPCL's nearest-expiration max pain is 23.00 for 2026-10-16, net GEX is 19,814, its put/call open-interest ratio is 0.44. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
23.12
prev 20.96
Gamma max
28.76
+24.4% from close
Delta neutral
17.00
-26.5% from close
Gamma neutral
23.12
0.0% from close
Open interest
1,262
+0.1% vs prev
Contracts listed
68
52 calls · 31 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
23.00
-0.5% from close
2026-10-16
GEX flip
–
Net GEX
19,814
1,570,056 per 100k OI
Call wall
31.00
+34.1% from close
Put wall
23.00
-0.5% from close
Put/call OI
0.44
385 puts / 877 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
70.8
within trailing 52-week range
Front / back ATM IV
+86.2% / +86.0%
0.2 pp front premium
Expected move
+16.9%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
63.2 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
11 contracts traded
Normalized net delta
0.113
option-holder convention
Modeled dealer delta
-0.113
opposite-side scenario
Vanna / 100k OI
1,743
volatility-sensitive delta
Charm / 100k OI
359,905
time-decay-sensitive delta
IV surface range
22.4 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

SPCL closed 24.4% below its gamma max of 28.76. It is 26.5% above the delta neutral price of 17.00. Total open interest is 1,262, +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

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Neighbours by open interest

← DTIL (#3533) TCBI (#3535) →

Questions people ask about SPCL

Where is SPCL's gamma max today?

As of Oct 2, 2026, the gamma max for SPCL is 28.76, +24.4% from the 23.12 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 SPCL above or below its delta neutral price?

SPCL closed above delta neutral: 23.12 against a delta neutral price of 17.00. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SPCL have?

1,262 contracts of open interest across 68 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.