Data through close

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

As of close · rank #2773 by open interest · snapshot page

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SPYD's nearest-expiration max pain is 46.00 for 2026-10-16, its GEX flip is 56.74, net GEX is -252,814, its put/call open-interest ratio is 1.06. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
45.39
prev 45.48
Gamma max
40.84
-10.0% from close
Delta neutral
47.03
+3.6% from close
Gamma neutral
56.74
+25.0% from close
Open interest
3,654
-0.2% vs prev
Contracts listed
79
49 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
46.00
+1.3% from close
2026-10-16
GEX flip
56.74
+25.0% from close
Net GEX
-252,814
-6,918,818 per 100k OI
Call wall
45.00
-0.9% from close
Put wall
48.00
+5.8% from close
Put/call OI
1.06
1,880 puts / 1,774 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
23.4
within trailing 52-week range
Front / back ATM IV
+20.0% / +15.4%
4.6 pp front premium
Expected move
+3.9%
14 DTE · one standard deviation
ATM straddle / spot
+5.4%
front-window midpoint premium
25Δ risk reversal
0.4 pp
put IV minus call IV
IV butterfly
-0.1 pp
front-window smile convexity
Volume / open interest
0.01
19 contracts traded
Normalized net delta
-0.153
option-holder convention
Modeled dealer delta
0.153
opposite-side scenario
Vanna / 100k OI
-1,697
volatility-sensitive delta
Charm / 100k OI
-407,772
time-decay-sensitive delta
IV surface range
160.2 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

SPYD closed 10.0% above its gamma max of 40.84. It is 3.6% below the delta neutral price of 47.03. Total open interest is 3,654, -0.2% 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

← CHPY (#2772) WRB (#2774) →

Questions people ask about SPYD

Where is SPYD's gamma max today?

As of Oct 2, 2026, the gamma max for SPYD is 40.84, -10.0% from the 45.39 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 SPYD above or below its delta neutral price?

SPYD closed below delta neutral: 45.39 against a delta neutral price of 47.03. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SPYD have?

3,654 contracts of open interest across 79 listed contracts on Oct 2, 2026, -0.2% 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.