Data through close

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

As of close · rank #351 by open interest · 1,392 sessions of history since Dec 1, 2020

STX's nearest-expiration max pain is 890.00 for 2026-10-09, its GEX flip is 862.28, net GEX is -565,553, its put/call open-interest ratio is 1.63. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
848.99
prev 945.57
Gamma max
1,049.51
+23.6% from close
Delta neutral
838.73
-1.2% from close
Gamma neutral
862.28
+1.6% from close
Open interest
244,201
-6.1% vs prev
Contracts listed
2,629
1,611 calls · 1,492 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
890.00
+4.8% from close
2026-10-09
GEX flip
862.28
+1.6% from close
Net GEX
-565,553
-231,593 per 100k OI
Call wall
900.00
+6.0% from close
Put wall
800.00
-5.8% from close
Put/call OI
1.63
151,471 puts / 92,730 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
53.0
cross-sectional score / 100
Directional score
-16.9
relatively bearish positioning
IV rank
86.1
within trailing 52-week range
Front / back ATM IV
+65.7% / +69.9%
-4.2 pp front premium
Expected move
+9.1%
7 DTE · one standard deviation
ATM straddle / spot
+6.9%
front-window midpoint premium
25Δ risk reversal
-1.8 pp
put IV minus call IV
IV butterfly
-1.0 pp
front-window smile convexity
Volume / open interest
0.39
103,026 contracts traded
Normalized net delta
0.080
option-holder convention
Modeled dealer delta
-0.080
opposite-side scenario
Vanna / 100k OI
2,414
volatility-sensitive delta
Charm / 100k OI
777,246
time-decay-sensitive delta
IV surface range
84.6 pp
published contour maximum minus minimum

Strongest relative signals: volume/OI 0.39 · 7d expected move +9.1% · IV rank 86

Download the complete dated analysis JSON .

STX closed 23.6% below its gamma max of 1,049.51. It is 1.2% above the delta neutral price of 838.73. Total open interest is 244,201, -6.1% versus the previous session. Its options catalyst-intensity score is 53.0 out of 100, led by volume/OI 0.39, 7d expected move +9.1%, IV rank 86. 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.

STX call and put open interest changes
Measure Value
Call OI change, 1 session -7,318 contracts · -7.3%
Put OI change, 1 session -8,647 contracts · -5.4%
Call minus put OI growth, 1 session -1.9 pp
Call OI change, 5 sessions +2,721 contracts · +3.0%
Put OI change, 5 sessions +3,172 contracts · +2.1%
Call minus put OI growth, 5 sessions +0.9 pp
Daily call OI change surprise -1.02σ (249 prior changes)
Daily put OI change surprise -1.04σ (249 prior changes)
Daily call-minus-put growth surprise -0.60σ (249 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

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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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 above gamma max 33 completed Day +10 paths · latest Mar 19, 2026
STX 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 2, 2020 Cross on Jan 26, 2021 Cross on Feb 8, 2021 Cross on Feb 17, 2021 Cross on Mar 11, 2021 Cross on Apr 1, 2021 Cross on Apr 9, 2021 Cross on Apr 15, 2021 Cross on Apr 26, 2021 Cross on May 14, 2021 Cross on Nov 11, 2021 Cross on Aug 3, 2023 Cross on Aug 31, 2023 Cross on Nov 14, 2023 Cross on Dec 8, 2023 Cross on Dec 21, 2023 Cross on Mar 1, 2024 Cross on Sep 26, 2024 Cross on Oct 15, 2024 Cross on May 23, 2025 Cross on Jun 3, 2025 Cross on Jun 18, 2025 Cross on Jun 26, 2025 Cross on Jul 11, 2025 Cross on Jul 23, 2025 Cross on Jul 31, 2025 Cross on Aug 28, 2025 Cross on Sep 4, 2025 Cross on Sep 15, 2025 Cross on Oct 1, 2025 Cross on Oct 31, 2025 Cross on Dec 11, 2025 Cross on Mar 19, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
STX 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% -0.6% to +1.9% 58% -0.1% to +1.3% 0.0%
Day +2 33 +0.7% -1.1% to +2.4% 67% +0.1% to +1.4% +0.1%
Day +3 33 +1.3% -1.5% to +3.0% 64% -0.0% to +2.3% 0.0%
Day +4 33 +1.1% -2.0% to +4.6% 61% -0.3% to +3.1% 0.0%
Day +5 33 +1.3% -3.8% to +4.1% 58% -1.8% to +3.4% 0.0%
Day +6 33 +1.8% -3.7% to +5.5% 58% -3.1% to +2.8% 0.0%
Day +7 33 +1.5% -4.6% to +4.4% 55% -3.4% to +2.5% 0.0%
Day +8 33 +1.6% -4.1% to +4.2% 58% -1.9% to +3.8% 0.0%
Day +9 33 +2.6% -4.0% to +5.8% 55% -1.6% to +3.6% 0.0%
Day +10 33 +1.1% -4.9% to +8.3% 55% -2.4% to +5.7% 0.0%
Crosses below gamma max 33 completed Day +10 paths · latest Dec 12, 2025
STX 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. -16.0% -8.0% 0% +8.0% +16.0% Cross on Dec 7, 2020 Cross on Jan 28, 2021 Cross on Feb 16, 2021 Cross on Feb 19, 2021 Cross on Mar 12, 2021 Cross on Apr 6, 2021 Cross on Apr 12, 2021 Cross on Apr 16, 2021 Cross on Apr 27, 2021 Cross on May 20, 2021 Cross on Nov 15, 2021 Cross on Aug 4, 2023 Cross on Sep 5, 2023 Cross on Nov 17, 2023 Cross on Dec 15, 2023 Cross on Dec 22, 2023 Cross on Mar 8, 2024 Cross on Sep 27, 2024 Cross on Oct 18, 2024 Cross on May 30, 2025 Cross on Jun 10, 2025 Cross on Jun 20, 2025 Cross on Jul 3, 2025 Cross on Jul 16, 2025 Cross on Jul 25, 2025 Cross on Aug 1, 2025 Cross on Aug 29, 2025 Cross on Sep 5, 2025 Cross on Sep 16, 2025 Cross on Oct 2, 2025 Cross on Oct 30, 2025 Cross on Nov 3, 2025 Cross on Dec 12, 2025 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
STX historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 33 +0.3% -0.8% to +0.8% 55% -0.4% to +0.6% 0.0%
Day +2 33 +0.4% -1.3% to +1.6% 64% -0.5% to +1.2% 0.0%
Day +3 33 +0.2% -3.5% to +2.3% 55% -2.3% to +1.8% 0.0%
Day +4 33 +1.2% -2.8% to +2.8% 64% -0.0% to +2.4% 0.0%
Day +5 33 +1.6% -2.8% to +3.8% 64% -0.4% to +2.6% 0.0%
Day +6 33 +1.9% -2.0% to +4.4% 61% -1.1% to +3.8% 0.0%
Day +7 33 +1.7% -1.9% to +5.0% 61% -0.3% to +3.4% 0.0%
Day +8 33 +2.3% -2.8% to +4.7% 61% -1.1% to +4.0% 0.0%
Day +9 33 +0.8% -2.8% to +6.4% 55% -1.8% to +4.3% 0.0%
Day +10 33 +0.2% -2.2% to +7.9% 52% -1.6% to +2.9% 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

STX trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 10
Delta neutral crosses 20
Prior-year sessions closer to gamma max 88.1% of 252
Prior-year sessions closer to delta neutral 6.3% of 252
Open interest percentile (1y) 81th
Daily open interest change versus prior year -1.06σ (-15,965 contracts; 252 prior changes)
Open interest change, 5 sessions +2.5%
Open interest change, 21 sessions -10.7%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed above delta neutral at 858.79 vs 819.93 (+4.5%)
  2. closed below delta neutral at 805.55 vs 817.46 (-1.5%)
  3. closed above delta neutral at 849.28 vs 827.27 (+2.6%)
  4. closed below delta neutral at 816.64 vs 823.43 (-0.8%)
  5. closed above delta neutral at 846.37 vs 829.81 (+2.0%)
  6. closed below delta neutral at 794.65 vs 816.71 (-2.8%)
  7. closed above delta neutral at 850.24 vs 842.51 (+0.9%)
  8. closed below delta neutral at 832.56 vs 837.80 (-0.6%)
  9. closed above delta neutral at 764.43 vs 758.08 (+0.8%)
  10. closed below delta neutral at 747.30 vs 754.45 (-1.0%)

In today's screens

Neighbours by open interest

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

Questions people ask about STX

Where is STX's gamma max today?

As of Oct 2, 2026, the gamma max for STX is 1,049.51, +23.6% from the 848.99 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 STX above or below its delta neutral price?

STX closed above delta neutral: 848.99 against a delta neutral price of 838.73. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does STX have?

244,201 contracts of open interest across 2,629 listed contracts on Oct 2, 2026, -6.1% 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.