Data through close

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

As of close · rank #3945 by open interest · snapshot page

SPHY's nearest-expiration max pain is 23.00 for 2026-10-16, net GEX is 215,456, its put/call open-interest ratio is 0.03. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
22.48
prev 22.47
Gamma max
–
Delta neutral
–
Gamma neutral
–
Open interest
608
-17.5% vs prev
Contracts listed
19
16 calls · 4 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
+2.3% from close
2026-10-16
GEX flip
–
Net GEX
215,456
35,436,844 per 100k OI
Call wall
24.00
+6.8% from close
Put wall
23.00
+2.3% from close
Put/call OI
0.03
17 puts / 591 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
27.9
within trailing 52-week range
Front / back ATM IV
+20.2% / +14.3%
5.8 pp front premium
Expected move
+4.0%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.04
27 contracts traded
Normalized net delta
0.178
option-holder convention
Modeled dealer delta
-0.178
opposite-side scenario
Vanna / 100k OI
5,757
volatility-sensitive delta
Charm / 100k OI
-154,441
time-decay-sensitive delta
IV surface range
23.3 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

Total open interest is 608, -17.5% 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

Questions people ask about SPHY

Where is SPHY's gamma max today?

No gamma max could be computed for SPHY on Oct 2, 2026. 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 SPHY above or below its delta neutral price?

No delta neutral price was available for SPHY on Oct 2, 2026. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SPHY have?

608 contracts of open interest across 19 listed contracts on Oct 2, 2026, -17.5% 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.