Data through close

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

As of close · rank #4308 by open interest · snapshot page

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TERG's nearest-expiration max pain is 37.00 for 2026-10-16, its GEX flip is 35.43, net GEX is 11,440, its put/call open-interest ratio is 0.46. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
54.50
prev 47.63
Gamma max
52.64
-3.4% from close
Delta neutral
37.65
-30.9% from close
Gamma neutral
35.43
-35.0% from close
Open interest
303
+5.9% vs prev
Contracts listed
57
55 calls · 23 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
37.00
-32.1% from close
2026-10-16
GEX flip
35.43
-35.0% from close
Net GEX
11,440
3,775,668 per 100k OI
Call wall
60.00
+10.1% from close
Put wall
30.00
-45.0% from close
Put/call OI
0.46
95 puts / 208 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
9.7
within trailing 52-week range
Front / back ATM IV
+119.6% / +131.1%
-11.5 pp front premium
Expected move
+23.4%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.18
55 contracts traded
Normalized net delta
0.370
option-holder convention
Modeled dealer delta
-0.354
opposite-side scenario
Vanna / 100k OI
0
volatility-sensitive delta
Charm / 100k OI
0
time-decay-sensitive delta
IV surface range
22.7 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

TERG closed 3.4% above its gamma max of 52.64. It is 30.9% above the delta neutral price of 37.65. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 303, +5.9% 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

← VEGI (#4307) IYF (#4309) →

Questions people ask about TERG

Where is TERG's gamma max today?

As of Oct 2, 2026, the gamma max for TERG is 52.64, -3.4% from the 54.50 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 TERG above or below its delta neutral price?

TERG closed above delta neutral: 54.50 against a delta neutral price of 37.65. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does TERG have?

303 contracts of open interest across 57 listed contracts on Oct 2, 2026, +5.9% 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.