Data through close

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

As of close · rank #582 by open interest · 1,409 sessions of history since Dec 1, 2020

STNE's nearest-expiration max pain is 11.47 for 2026-11-20, its GEX flip is 8.61, net GEX is 179,221, its put/call open-interest ratio is 0.73. These are whole-chain derived aggregates as of Oct 23, 2026 close.

STNE 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
11.47
-0.1% from close
Expiry: 2026-11-20
GEX flip
8.61
-25.0% from close
Net GEX
179,221
155,624 per 100k OI
Call wall
12.47
+8.6% from close
Put wall
10.47
-8.8% from close
Put/call OI
0.73
48,602 puts / 66,561 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
11.48
prev 11.15
Gamma max
15.43
+34.4% from close
Delta neutral
10.41
-9.3% from close
Gamma neutral
8.61
-25.0% from close
Open interest
115,163
+1.0% vs prev
Contracts listed
99
75 calls · 50 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
54.2
cross-sectional score / 100
Directional score
17.1
relatively bullish positioning
IV rank
2.0
within trailing 52-week range
Front IV premium
10.5 pp
front minus back volatility difference
25Δ risk reversal
-70.1 pp
put IV minus call IV
IV butterfly
1.7 pp
front-window smile convexity
Volume / open interest
0.29
33,769 contracts traded
Normalized net delta
0.128
option-holder convention
Modeled dealer delta
-0.124
opposite-side scenario
Vanna / 100k OI
1,782
volatility-sensitive delta
Charm / 100k OI
-15,264
time-decay-sensitive delta
IV surface range
57.2 pp
aggregate volatility dispersion

Strongest relative signals: volume/OI 0.29 · 25Δ risk reversal -70.1 pp · OI change 0.05σ

Download the dated aggregate analysis JSON .

STNE closed 34.4% below its gamma max of 15.43. It is 9.3% above the delta neutral price of 10.41. Total open interest is 115,163, +1.0% versus the previous session. Its options catalyst-intensity score is 54.2 out of 100, led by volume/OI 0.29, 25Δ risk reversal -70.1 pp, OI change 0.05σ. 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.

STNE call and put open interest changes
Measure Value
Call OI change, 1 session +157 contracts · +0.2%
Put OI change, 1 session +982 contracts · +2.1%
Call minus put OI growth, 1 session -1.8 pp
Call OI change, 5 sessions +2,504 contracts · +3.9%
Put OI change, 5 sessions +7,187 contracts · +17.4%
Call minus put OI growth, 5 sessions -13.4 pp
Daily call OI change surprise +0.02σ (252 prior changes)
Daily put OI change surprise +0.08σ (252 prior changes)
Daily call-minus-put growth surprise -0.10σ (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 below gamma max 32 completed Day +10 paths · latest Oct 6, 2026
STNE 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. -20.0% -10.0% 0% +10.0% +20.0% Cross on Apr 9, 2021 Cross on May 24, 2022 Cross on May 31, 2022 Cross on Jun 7, 2022 Cross on Jul 18, 2022 Cross on Jul 22, 2022 Cross on Sep 22, 2022 Cross on Oct 11, 2022 Cross on Nov 2, 2022 Cross on Nov 21, 2022 Cross on Feb 6, 2023 Cross on Apr 14, 2023 Cross on Apr 20, 2023 Cross on May 11, 2023 Cross on Jul 25, 2023 Cross on Jul 27, 2023 Cross on Aug 11, 2023 Cross on Nov 21, 2023 Cross on Feb 26, 2025 Cross on Apr 30, 2025 Cross on May 2, 2025 Cross on Jun 17, 2025 Cross on Jun 26, 2025 Cross on Jul 1, 2025 Cross on Jul 7, 2025 Cross on Jul 15, 2025 Cross on Sep 10, 2025 Cross on Sep 16, 2025 Cross on Sep 30, 2025 Cross on Oct 22, 2025 Cross on Oct 28, 2025 Cross on Oct 6, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
STNE historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 32 +0.4% -1.0% to +2.1% 53% -0.9% to +1.3% 0.0%
Day +2 32 +0.3% -2.5% to +3.8% 56% -1.7% to +1.9% 0.0%
Day +3 32 -0.0% -4.1% to +6.6% 50% -2.8% to +3.9% 0.0%
Day +4 32 +1.5% -3.5% to +5.7% 63% -1.2% to +5.3% 0.0%
Day +5 32 +1.2% -3.2% to +4.6% 53% -2.3% to +3.0% 0.0%
Day +6 32 -0.6% -2.5% to +2.7% 41% -1.8% to +1.7% 0.0%
Day +7 32 +0.8% -3.0% to +5.6% 53% -2.0% to +4.6% 0.0%
Day +8 32 -0.8% -5.1% to +6.7% 47% -4.4% to +4.4% 0.0%
Day +9 32 -0.7% -8.8% to +7.3% 47% -3.6% to +5.3% 0.0%
Day +10 32 -0.2% -7.4% to +5.2% 47% -3.7% to +3.9% 0.0%
Crosses above gamma max 33 completed Day +10 paths · latest Oct 5, 2026
STNE 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. -16.0% -8.0% 0% +8.0% +16.0% Cross on Dec 14, 2020 Cross on Apr 8, 2021 Cross on Mar 18, 2022 Cross on May 26, 2022 Cross on Jun 3, 2022 Cross on Jul 19, 2022 Cross on Aug 3, 2022 Cross on Sep 21, 2022 Cross on Oct 3, 2022 Cross on Nov 1, 2022 Cross on Jan 24, 2023 Cross on Apr 11, 2023 Cross on Apr 19, 2023 Cross on May 5, 2023 Cross on Jul 24, 2023 Cross on Jul 26, 2023 Cross on Jul 28, 2023 Cross on Nov 15, 2023 Cross on Nov 22, 2023 Cross on Jan 30, 2025 Cross on Mar 19, 2025 Cross on Apr 22, 2025 Cross on May 1, 2025 Cross on Jun 24, 2025 Cross on Jun 27, 2025 Cross on Jul 2, 2025 Cross on Jul 8, 2025 Cross on Sep 9, 2025 Cross on Sep 11, 2025 Cross on Sep 17, 2025 Cross on Oct 17, 2025 Cross on Oct 23, 2025 Cross on Oct 5, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
STNE historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 33 +0.9% -0.9% to +2.6% 64% -0.1% to +2.2% 0.0%
Day +2 33 +2.4% -0.2% to +3.9% 73% +1.5% to +2.9% +1.5%
Day +3 33 +1.8% -1.1% to +4.2% 67% +0.1% to +3.8% +0.1%
Day +4 33 +3.9% +0.1% to +7.3% 76% +1.0% to +5.1% +1.0%
Day +5 33 +2.3% -1.3% to +6.4% 64% -0.6% to +5.5% 0.0%
Day +6 33 +2.9% -1.7% to +7.1% 73% +0.6% to +6.4% +0.6%
Day +7 33 +1.9% -2.4% to +7.8% 61% -0.5% to +5.9% 0.0%
Day +8 33 +3.1% -0.3% to +6.7% 70% +0.4% to +5.7% +0.4%
Day +9 33 +0.7% -2.3% to +4.6% 61% -0.6% to +3.4% 0.0%
Day +10 33 +1.3% -4.4% to +6.4% 52% -1.5% to +3.5% 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

STNE trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 5
Delta neutral crosses 16
Prior-year sessions closer to gamma max 67.5% of 252
Prior-year sessions closer to delta neutral 50.4% of 252
Open interest percentile (1y) 31th
Daily open interest change versus prior year +0.05σ (1,139 contracts; 252 prior changes)
Open interest change, 5 sessions +9.2%
Open interest change, 21 sessions -6.4%
History available Dec 1, 2020 → Oct 23, 2026

Recent crosses

  1. closed below gamma max at 11.60 vs 12.32 (-6.2%)
  2. closed above gamma max at 11.51 vs 9.72 (+15.5%)
  3. closed below gamma max at 11.62 vs 12.21 (-5.1%)
  4. closed above gamma max at 11.54 vs 11.42 (+1.1%)
  5. closed above delta neutral at 9.55 vs 9.29 (+2.7%)
  6. closed below delta neutral at 10.02 vs 10.35 (-3.3%)
  7. closed above delta neutral at 10.11 vs 10.08 (+0.3%)
  8. closed below delta neutral at 10.32 vs 10.42 (-1.0%)
  9. closed above delta neutral at 10.37 vs 10.22 (+1.5%)
  10. closed below delta neutral at 9.55 vs 10.38 (-8.7%)

In today's screens

Neighbours by open interest

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

Questions people ask about STNE

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

As of Oct 23, 2026 close, nearest-expiration max pain is 11.47 for the 2026-11-20 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 STNE's gamma exposure and gamma flip show?

Signed net GEX is 179,221 as of Oct 23, 2026 close. The confirmed GEX flip is 8.61. 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 STNE's gamma max today?

As of Oct 23, 2026, the gamma max for STNE is 15.43, +34.4% from the 11.48 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 STNE above or below its delta neutral price?

STNE closed above delta neutral: 11.48 against a delta neutral price of 10.41. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does STNE have?

115,163 contracts of open interest across 99 listed contracts on Oct 23, 2026, +1.0% 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.