Data through close

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

As of close · rank #692 by open interest · snapshot page

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STWD's nearest-expiration max pain is 14.00 for 2026-10-16, its GEX flip is 17.72, net GEX is -4,138,087, its put/call open-interest ratio is 1.99. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
13.05
prev 13.18
Gamma max
20.29
+55.5% from close
Delta neutral
16.04
+22.9% from close
Gamma neutral
17.72
+35.8% from close
Open interest
88,464
+1.2% vs prev
Contracts listed
96
56 calls · 62 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
14.00
+7.3% from close
2026-10-16
GEX flip
17.72
+35.8% from close
Net GEX
-4,138,087
-4,677,708 per 100k OI
Call wall
18.00
+37.9% from close
Put wall
15.00
+14.9% from close
Put/call OI
1.99
58,864 puts / 29,600 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
45.1
within trailing 52-week range
Front / back ATM IV
+29.2% / +26.5%
2.7 pp front premium
Expected move
+5.7%
14 DTE · one standard deviation
ATM straddle / spot
+4.4%
front-window midpoint premium
25Δ risk reversal
-0.2 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.04
3,319 contracts traded
Normalized net delta
-0.227
option-holder convention
Modeled dealer delta
0.227
opposite-side scenario
Vanna / 100k OI
1,540
volatility-sensitive delta
Charm / 100k OI
16,770
time-decay-sensitive delta
IV surface range
34.8 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

STWD closed 55.5% below its gamma max of 20.29. It is 22.9% below the delta neutral price of 16.04. Total open interest is 88,464, +1.2% 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

Neighbours by open interest

← DUK (#691) APPS (#693) →

Questions people ask about STWD

Where is STWD's gamma max today?

As of Oct 2, 2026, the gamma max for STWD is 20.29, +55.5% from the 13.05 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 STWD above or below its delta neutral price?

STWD closed below delta neutral: 13.05 against a delta neutral price of 16.04. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does STWD have?

88,464 contracts of open interest across 96 listed contracts on Oct 2, 2026, +1.2% 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.