TE max pain, gamma exposure (GEX) & options open interest
As of close · rank #256 by open interest · 400 sessions of history since Mar 4, 2025
TE's nearest-expiration max pain is 4.00 for 2026-10-09, its GEX flip is 2.31, net GEX is 6,773,801, its put/call open-interest ratio is 0.36. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
Strongest relative signals: 7d expected move +11.8%
TE closed 26.1% below its gamma max of 4.94. It is 19.1% above the delta neutral price of 3.17. Total open interest is 385,208, -7.6% versus the previous session. Its options catalyst-intensity score is 41.0 out of 100, led by 7d expected move +11.8%. 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.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -25,451 contracts · -8.2% |
| Put OI change, 1 session | -6,073 contracts · -5.6% |
| Call minus put OI growth, 1 session | -2.6 pp |
| Call OI change, 5 sessions | +1,259 contracts · +0.4% |
| Put OI change, 5 sessions | -3,050 contracts · -2.9% |
| Call minus put OI growth, 5 sessions | +3.3 pp |
| Daily call OI change surprise | -1.52σ (252 prior changes) |
| Daily put OI change surprise | -0.68σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.28σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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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 below gamma max 13 completed Day +10 paths · latest Aug 10, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 13 | -1.6% | -4.8% to +4.8% | 46% | -4.8% to +4.8% | 0.0% |
| Day +2 | 13 | -7.7% | -12.8% to +17.8% | 31% | -12.8% to +17.8% | 0.0% |
| Day +3 | 13 | -6.8% | -9.3% to +17.5% | 38% | -9.3% to +17.5% | 0.0% |
| Day +4 | 13 | -5.2% | -7.7% to +20.4% | 31% | -7.7% to +20.4% | 0.0% |
| Day +5 | 13 | +2.6% | -10.7% to +14.9% | 54% | -10.7% to +14.9% | 0.0% |
| Day +6 | 13 | +2.7% | -12.4% to +16.3% | 54% | -12.4% to +16.3% | 0.0% |
| Day +7 | 13 | -1.0% | -10.5% to +17.4% | 46% | -10.5% to +17.4% | 0.0% |
| Day +8 | 13 | +3.3% | -14.6% to +6.8% | 54% | -14.6% to +6.8% | 0.0% |
| Day +9 | 13 | -0.5% | -10.5% to +8.5% | 46% | -10.5% to +8.5% | 0.0% |
| Day +10 | 13 | +5.6% | -1.6% to +17.5% | 62% | -1.6% to +17.5% | 0.0% |
Crosses above gamma max 14 completed Day +10 paths · latest Jun 22, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 14 | -0.1% | -4.1% to +5.8% | 50% | -4.6% to +6.0% | 0.0% |
| Day +2 | 14 | +2.2% | -5.1% to +10.2% | 57% | -5.8% to +12.4% | 0.0% |
| Day +3 | 14 | +0.1% | -8.0% to +6.4% | 50% | -9.0% to +6.7% | 0.0% |
| Day +4 | 14 | -3.1% | -10.6% to +3.0% | 36% | -11.5% to +3.8% | 0.0% |
| Day +5 | 14 | -2.1% | -11.0% to +9.7% | 29% | -11.9% to +13.0% | 0.0% |
| Day +6 | 14 | +3.5% | -7.1% to +10.4% | 57% | -8.1% to +10.5% | 0.0% |
| Day +7 | 14 | +2.0% | -6.1% to +10.7% | 50% | -6.7% to +11.6% | 0.0% |
| Day +8 | 14 | +0.5% | -9.7% to +16.8% | 50% | -9.8% to +18.7% | 0.0% |
| Day +9 | 14 | +12.3% | -9.6% to +21.1% | 64% | -12.6% to +21.6% | 0.0% |
| Day +10 | 14 | +11.7% | -10.6% to +24.1% | 64% | -13.9% to +25.7% | 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
| Sessions closed above gamma max | 16% |
| Gamma max crosses | 38 |
| Delta neutral crosses | 0 |
| Prior-year sessions closer to gamma max | 79.8% of 252 |
| Prior-year sessions closer to delta neutral | 13.5% of 252 |
| Open interest percentile (1y) | 67th |
| Daily open interest change versus prior year | -1.30σ (-31,524 contracts; 252 prior changes) |
| Open interest change, 5 sessions | -0.5% |
| Open interest change, 21 sessions | -14.6% |
| History available | Mar 4, 2025 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 5.31 vs 5.81 (-9.4%)
- closed above gamma max at 4.94 vs 4.43 (+10.4%)
- closed below gamma max at 9.24 vs 10.18 (-10.1%)
- closed above gamma max at 10.40 vs 10.18 (+2.1%)
- closed below gamma max at 11.50 vs 11.93 (-3.8%)
- closed above gamma max at 12.03 vs 12.02 (+0.1%)
- closed below gamma max at 10.56 vs 12.05 (-14.1%)
- closed above gamma max at 10.45 vs 9.50 (+9.1%)
- closed below gamma max at 8.08 vs 8.37 (-3.6%)
- closed above gamma max at 8.70 vs 7.04 (+19.0%)
In today's screens
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Neighbours by open interest
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Canonical source: https://halfonadouble.com/stock/TE
Questions people ask about TE
Where is TE's gamma max today?
As of Oct 2, 2026, the gamma max for TE is 4.94, +26.1% from the 3.92 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 TE above or below its delta neutral price?
TE closed above delta neutral: 3.92 against a delta neutral price of 3.17. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does TE have?
385,208 contracts of open interest across 268 listed contracts on Oct 2, 2026, -7.6% 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.