Data through close

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

As of close · rank #3703 by open interest · snapshot page

Chart Download CSV JSON snapshot Advanced analysis

TBF's nearest-expiration max pain is 26.00 for 2026-10-16, net GEX is 24,935, its put/call open-interest ratio is 0.43. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
26.83
prev 26.70
Gamma max
22.71
-15.3% from close
Delta neutral
24.48
-8.8% from close
Gamma neutral
26.83
0.0% from close
Open interest
979
+1.2% vs prev
Contracts listed
36
25 calls · 13 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
26.00
-3.1% from close
2026-10-16
GEX flip
–
Net GEX
24,935
2,547,013 per 100k OI
Call wall
27.00
+0.6% from close
Put wall
26.00
-3.1% from close
Put/call OI
0.43
295 puts / 684 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
4.3
within trailing 52-week range
Front / back ATM IV
+23.5% / +16.8%
6.7 pp front premium
Expected move
+4.6%
14 DTE · one standard deviation
ATM straddle / spot
+3.4%
front-window midpoint premium
25Δ risk reversal
3.9 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.05
51 contracts traded
Normalized net delta
0.059
option-holder convention
Modeled dealer delta
-0.034
opposite-side scenario
Vanna / 100k OI
715
volatility-sensitive delta
Charm / 100k OI
60,470
time-decay-sensitive delta
IV surface range
53.8 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

TBF closed 15.3% above its gamma max of 22.71. It is 8.8% above the delta neutral price of 24.48. Total open interest is 979, +1.2% versus the previous session. What gamma max means · What delta neutral means

History

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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

← BYSI (#3702) RPAY (#3704) →

Questions people ask about TBF

Where is TBF's gamma max today?

As of Oct 2, 2026, the gamma max for TBF is 22.71, -15.3% from the 26.83 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 TBF above or below its delta neutral price?

TBF closed above delta neutral: 26.83 against a delta neutral price of 24.48. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does TBF have?

979 contracts of open interest across 36 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.