TNA max pain, gamma exposure (GEX) & options open interest
As of close · rank #539 by open interest · 1,394 sessions of history since Dec 1, 2020
TNA's nearest-expiration max pain is 61.00 for 2026-10-09, its GEX flip is 167.58, net GEX is -574,734, its put/call open-interest ratio is 1.13. 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: volume/OI 0.19
TNA closed 15.8% below its gamma max of 69.30. It is 5.8% below the delta neutral price of 63.31. Total open interest is 131,935, -14.9% versus the previous session. Its options catalyst-intensity score is 45.0 out of 100, led by volume/OI 0.19. 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 | -9,183 contracts · -12.9% |
| Put OI change, 1 session | -13,841 contracts · -16.5% |
| Call minus put OI growth, 1 session | +3.6 pp |
| Call OI change, 5 sessions | +107 contracts · +0.2% |
| Put OI change, 5 sessions | -2,364 contracts · -3.3% |
| Call minus put OI growth, 5 sessions | +3.4 pp |
| Daily call OI change surprise | -0.79σ (252 prior changes) |
| Daily put OI change surprise | -1.56σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.92σ (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 41 completed Day +10 paths · latest Aug 5, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 41 | -0.8% | -2.3% to +1.2% | 41% | -1.8% to +0.4% | 0.0% |
| Day +2 | 41 | -0.1% | -4.1% to +2.9% | 49% | -1.0% to +1.6% | 0.0% |
| Day +3 | 41 | +0.0% | -3.4% to +3.7% | 51% | -2.1% to +1.6% | 0.0% |
| Day +4 | 41 | -0.7% | -3.9% to +4.4% | 49% | -2.9% to +3.4% | 0.0% |
| Day +5 | 41 | -0.0% | -3.4% to +4.4% | 49% | -2.3% to +2.7% | 0.0% |
| Day +6 | 41 | +0.3% | -4.6% to +5.4% | 56% | -2.0% to +3.5% | 0.0% |
| Day +7 | 41 | +1.1% | -4.1% to +5.9% | 59% | -1.6% to +5.0% | 0.0% |
| Day +8 | 41 | +2.4% | -3.0% to +7.3% | 61% | -0.9% to +4.9% | 0.0% |
| Day +9 | 41 | +2.7% | -2.2% to +8.2% | 61% | -0.1% to +5.4% | 0.0% |
| Day +10 | 41 | +1.5% | -3.4% to +5.8% | 61% | -0.3% to +3.8% | 0.0% |
Crosses above gamma max 42 completed Day +10 paths · latest Aug 4, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 42 | +0.0% | -2.4% to +1.9% | 50% | -1.1% to +1.5% | 0.0% |
| Day +2 | 42 | -0.8% | -3.1% to +1.6% | 43% | -1.8% to +0.9% | 0.0% |
| Day +3 | 42 | -0.7% | -3.0% to +2.9% | 45% | -1.9% to +0.7% | 0.0% |
| Day +4 | 42 | -0.7% | -4.1% to +3.0% | 43% | -2.6% to +1.1% | 0.0% |
| Day +5 | 42 | -0.6% | -6.3% to +4.2% | 48% | -3.0% to +2.6% | 0.0% |
| Day +6 | 42 | -0.7% | -4.9% to +4.7% | 50% | -3.5% to +1.2% | 0.0% |
| Day +7 | 42 | -1.5% | -5.6% to +4.5% | 43% | -3.3% to +1.4% | 0.0% |
| Day +8 | 42 | +0.0% | -5.0% to +6.0% | 50% | -3.8% to +2.9% | 0.0% |
| Day +9 | 42 | +1.4% | -5.9% to +7.0% | 57% | -2.5% to +3.1% | 0.0% |
| Day +10 | 42 | +1.6% | -4.7% to +8.4% | 52% | -1.7% to +5.2% | 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 | 3% |
| Gamma max crosses | 14 |
| Delta neutral crosses | 29 |
| Prior-year sessions closer to gamma max | 88.5% of 252 |
| Prior-year sessions closer to delta neutral | 50.4% of 252 |
| Open interest percentile (1y) | 20th |
| Daily open interest change versus prior year | -1.17σ (-23,024 contracts; 252 prior changes) |
| Open interest change, 5 sessions | -1.7% |
| Open interest change, 21 sessions | +6.2% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 77.14 vs 77.72 (-0.8%)
- closed above delta neutral at 74.27 vs 74.27 (+0.0%)
- closed below delta neutral at 74.69 vs 74.77 (-0.1%)
- closed below gamma max at 73.50 vs 74.57 (-1.5%)
- closed above delta neutral at 74.97 vs 72.19 (+3.7%)
- closed above gamma max at 74.97 vs 74.67 (+0.4%)
- closed below delta neutral at 70.02 vs 73.38 (-4.8%)
- closed above delta neutral at 71.38 vs 70.30 (+1.5%)
- closed below delta neutral at 71.51 vs 71.80 (-0.4%)
- closed above delta neutral at 72.53 vs 72.01 (+0.7%)
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/TNA
Questions people ask about TNA
Where is TNA's gamma max today?
As of Oct 2, 2026, the gamma max for TNA is 69.30, +15.8% from the 59.85 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 TNA above or below its delta neutral price?
TNA closed below delta neutral: 59.85 against a delta neutral price of 63.31. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does TNA have?
131,935 contracts of open interest across 818 listed contracts on Oct 2, 2026, -14.9% 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.