Data through close

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

As of close · rank #1470 by open interest · snapshot page

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STLD's nearest-expiration max pain is 230.00 for 2026-10-16, its GEX flip is 209.91, net GEX is 727,113, its put/call open-interest ratio is 0.55. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
231.99
prev 226.17
Gamma max
264.51
+14.0% from close
Delta neutral
220.13
-5.1% from close
Gamma neutral
209.91
-9.5% from close
Open interest
23,055
+0.8% vs prev
Contracts listed
457
340 calls · 239 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
230.00
-0.9% from close
2026-10-16
GEX flip
209.91
-9.5% from close
Net GEX
727,113
3,153,820 per 100k OI
Call wall
250.00
+7.8% from close
Put wall
220.00
-5.2% from close
Put/call OI
0.55
8,143 puts / 14,912 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
18.8
within trailing 52-week range
Front / back ATM IV
+40.1% / +40.2%
-0.1 pp front premium
Expected move
+7.9%
14 DTE · one standard deviation
ATM straddle / spot
+6.0%
front-window midpoint premium
25Δ risk reversal
-0.9 pp
put IV minus call IV
IV butterfly
2.3 pp
front-window smile convexity
Volume / open interest
0.01
313 contracts traded
Normalized net delta
0.129
option-holder convention
Modeled dealer delta
-0.128
opposite-side scenario
Vanna / 100k OI
3,201
volatility-sensitive delta
Charm / 100k OI
-146,432
time-decay-sensitive delta
IV surface range
41.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

STLD closed 14.0% below its gamma max of 264.51. It is 5.1% above the delta neutral price of 220.13. Total open interest is 23,055, +0.8% 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

← HTGC (#1469) SLI (#1471) →

Questions people ask about STLD

Where is STLD's gamma max today?

As of Oct 2, 2026, the gamma max for STLD is 264.51, +14.0% from the 231.99 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 STLD above or below its delta neutral price?

STLD closed above delta neutral: 231.99 against a delta neutral price of 220.13. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does STLD have?

23,055 contracts of open interest across 457 listed contracts on Oct 2, 2026, +0.8% 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.