Data through close

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

As of close · rank #1555 by open interest · snapshot page

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SWBI's nearest-expiration max pain is 13.00 for 2026-10-16, its GEX flip is 10.69, net GEX is 1,185,536, its put/call open-interest ratio is 0.36. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
14.64
prev 14.41
Gamma max
14.23
-2.8% from close
Delta neutral
11.91
-18.6% from close
Gamma neutral
10.69
-27.0% from close
Open interest
20,421
+0.4% vs prev
Contracts listed
95
67 calls · 45 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
13.00
-11.2% from close
2026-10-16
GEX flip
10.69
-27.0% from close
Net GEX
1,185,536
5,805,475 per 100k OI
Call wall
15.00
+2.5% from close
Put wall
14.00
-4.4% from close
Put/call OI
0.36
5,363 puts / 15,058 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
24.4
within trailing 52-week range
Front / back ATM IV
+34.2% / +35.0%
-0.8 pp front premium
Expected move
+6.7%
14 DTE · one standard deviation
ATM straddle / spot
+6.5%
front-window midpoint premium
25Δ risk reversal
260.0 pp
put IV minus call IV
IV butterfly
-1.9 pp
front-window smile convexity
Volume / open interest
0.02
390 contracts traded
Normalized net delta
0.439
option-holder convention
Modeled dealer delta
-0.427
opposite-side scenario
Vanna / 100k OI
362
volatility-sensitive delta
Charm / 100k OI
-120,836
time-decay-sensitive delta
IV surface range
260.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

SWBI closed 2.8% above its gamma max of 14.23. It is 18.6% above the delta neutral price of 11.91. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 20,421, +0.4% 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

← BZUN (#1554) PUBM (#1556) →

Questions people ask about SWBI

Where is SWBI's gamma max today?

As of Oct 2, 2026, the gamma max for SWBI is 14.23, -2.8% from the 14.64 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 SWBI above or below its delta neutral price?

SWBI closed above delta neutral: 14.64 against a delta neutral price of 11.91. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SWBI have?

20,421 contracts of open interest across 95 listed contracts on Oct 2, 2026, +0.4% 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.