TLN max pain, gamma exposure (GEX) & options open interest
As of close · rank #572 by open interest · 523 sessions of history since Sep 3, 2024
TLN's nearest-expiration max pain is 310.00 for 2026-10-09, its GEX flip is 283.46, net GEX is 3,116,149, its put/call open-interest ratio is 0.59. 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.
TLN closed 19.1% below its gamma max of 382.09. It is 6.3% above the delta neutral price of 300.64. Total open interest is 122,278, -0.3% versus the previous session. Its options catalyst-intensity score is 53.5 out of 100. 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 | +606 contracts · +0.8% |
| Put OI change, 1 session | -913 contracts · -2.0% |
| Call minus put OI growth, 1 session | +2.8 pp |
| Call OI change, 5 sessions | +13,867 contracts · +22.0% |
| Put OI change, 5 sessions | +5,604 contracts · +14.1% |
| Call minus put OI growth, 5 sessions | +7.9 pp |
| Daily call OI change surprise | +0.17σ (252 prior changes) |
| Daily put OI change surprise | -0.56σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.68σ (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 20 completed Day +10 paths · latest Jun 18, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 20 | +0.1% | -1.9% to +2.5% | 50% | -1.5% to +2.2% | 0.0% |
| Day +2 | 20 | -1.5% | -3.2% to +5.7% | 45% | -2.9% to +5.7% | 0.0% |
| Day +3 | 20 | -1.1% | -4.2% to +4.3% | 45% | -4.1% to +4.0% | 0.0% |
| Day +4 | 20 | -0.0% | -5.6% to +5.1% | 50% | -5.3% to +4.9% | 0.0% |
| Day +5 | 20 | -2.1% | -6.8% to +4.2% | 50% | -6.7% to +3.9% | 0.0% |
| Day +6 | 20 | -1.4% | -8.4% to +4.1% | 50% | -8.3% to +4.0% | 0.0% |
| Day +7 | 20 | +0.0% | -6.2% to +3.7% | 50% | -5.7% to +2.6% | 0.0% |
| Day +8 | 20 | -0.1% | -4.0% to +3.9% | 50% | -3.9% to +3.6% | 0.0% |
| Day +9 | 20 | -0.4% | -5.8% to +6.2% | 50% | -5.6% to +6.0% | 0.0% |
| Day +10 | 20 | +0.3% | -6.3% to +8.4% | 55% | -5.8% to +8.3% | 0.0% |
Crosses above gamma max 20 completed Day +10 paths · latest Jun 16, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 20 | +0.0% | -3.7% to +1.7% | 50% | -3.6% to +1.5% | 0.0% |
| Day +2 | 20 | +0.4% | -4.9% to +2.8% | 50% | -4.6% to +2.4% | 0.0% |
| Day +3 | 20 | +0.8% | -4.1% to +3.9% | 55% | -3.3% to +3.2% | 0.0% |
| Day +4 | 20 | -2.0% | -5.7% to +4.0% | 45% | -5.4% to +4.0% | 0.0% |
| Day +5 | 20 | -2.0% | -7.0% to +5.5% | 40% | -6.0% to +5.5% | 0.0% |
| Day +6 | 20 | -1.1% | -7.7% to +5.8% | 40% | -6.9% to +5.0% | 0.0% |
| Day +7 | 20 | -0.7% | -9.4% to +7.1% | 40% | -8.6% to +6.1% | 0.0% |
| Day +8 | 20 | -1.1% | -9.2% to +7.6% | 45% | -9.1% to +7.0% | 0.0% |
| Day +9 | 20 | -0.6% | -6.7% to +5.7% | 45% | -6.5% to +4.8% | 0.0% |
| Day +10 | 20 | +1.0% | -8.9% to +7.2% | 50% | -8.6% to +7.0% | 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 | 2% |
| Gamma max crosses | 10 |
| Delta neutral crosses | 16 |
| Prior-year sessions closer to gamma max | 76.2% of 252 |
| Prior-year sessions closer to delta neutral | 34.5% of 252 |
| Open interest percentile (1y) | 100th |
| Daily open interest change versus prior year | -0.11σ (-307 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +18.9% |
| Open interest change, 21 sessions | +15.2% |
| History available | Sep 3, 2024 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 304.42 vs 303.70 (+0.2%)
- closed below delta neutral at 286.52 vs 306.54 (-7.0%)
- closed above delta neutral at 317.00 vs 314.30 (+0.9%)
- closed below delta neutral at 317.66 vs 325.75 (-2.5%)
- closed above delta neutral at 332.54 vs 329.04 (+1.1%)
- closed below delta neutral at 326.05 vs 339.31 (-4.1%)
- closed below gamma max at 436.57 vs 445.89 (-2.1%)
- closed above gamma max at 406.51 vs 402.44 (+1.0%)
- closed below gamma max at 390.55 vs 407.55 (-4.4%)
- closed above gamma max at 409.99 vs 409.32 (+0.2%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/TLN
Questions people ask about TLN
Where is TLN's gamma max today?
As of Oct 2, 2026, the gamma max for TLN is 382.09, +19.1% from the 320.77 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 TLN above or below its delta neutral price?
TLN closed above delta neutral: 320.77 against a delta neutral price of 300.64. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does TLN have?
122,278 contracts of open interest across 770 listed contracts on Oct 2, 2026, -0.3% 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.