Data through close

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

As of close · rank #707 by open interest · snapshot page

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TER's nearest-expiration max pain is 355.00 for 2026-10-09, its GEX flip is 401.16, net GEX is 1,814,373, its put/call open-interest ratio is 1.46. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
449.04
prev 415.79
Gamma max
461.80
+2.8% from close
Delta neutral
396.42
-11.7% from close
Gamma neutral
401.16
-10.7% from close
Open interest
85,775
-5.7% vs prev
Contracts listed
908
586 calls · 582 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
355.00
-20.9% from close
2026-10-09
GEX flip
401.16
-10.7% from close
Net GEX
1,814,373
2,115,270 per 100k OI
Call wall
500.00
+11.3% from close
Put wall
390.00
-13.1% from close
Put/call OI
1.46
50,894 puts / 34,881 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
100.0
within trailing 52-week range
Front / back ATM IV
+63.0% / +74.9%
-12.0 pp front premium
Expected move
+8.7%
7 DTE · one standard deviation
ATM straddle / spot
+9.7%
front-window midpoint premium
25Δ risk reversal
152.3 pp
put IV minus call IV
IV butterfly
5.0 pp
front-window smile convexity
Volume / open interest
0.13
11,989 contracts traded
Normalized net delta
0.217
option-holder convention
Modeled dealer delta
-0.214
opposite-side scenario
Vanna / 100k OI
809
volatility-sensitive delta
Charm / 100k OI
-15,303,138
time-decay-sensitive delta
IV surface range
87.9 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

TER closed 2.8% below its gamma max of 461.80. It is 11.7% above the delta neutral price of 396.42. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 85,775, -5.7% 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

← UMAC (#706) SABR (#708) →

Questions people ask about TER

Where is TER's gamma max today?

As of Oct 2, 2026, the gamma max for TER is 461.80, +2.8% from the 449.04 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 TER above or below its delta neutral price?

TER closed above delta neutral: 449.04 against a delta neutral price of 396.42. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does TER have?

85,775 contracts of open interest across 908 listed contracts on Oct 2, 2026, -5.7% 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.