Data through close

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

As of close · rank #2604 by open interest · snapshot page

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TNL's nearest-expiration max pain is 67.50 for 2026-10-16, its GEX flip is 58.58, net GEX is 411,952, its put/call open-interest ratio is 0.36. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
62.92
prev 62.96
Gamma max
70.04
+11.3% from close
Delta neutral
59.71
-5.1% from close
Gamma neutral
58.58
-6.9% from close
Open interest
4,794
+0.1% vs prev
Contracts listed
69
44 calls · 29 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
67.50
+7.3% from close
2026-10-16
GEX flip
58.58
-6.9% from close
Net GEX
411,952
8,593,079 per 100k OI
Call wall
70.00
+11.3% from close
Put wall
55.00
-12.6% from close
Put/call OI
0.36
1,270 puts / 3,524 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
12.6
within trailing 52-week range
Front / back ATM IV
+42.8% / +38.5%
4.3 pp front premium
Expected move
+8.4%
14 DTE · one standard deviation
ATM straddle / spot
+6.2%
front-window midpoint premium
25Δ risk reversal
-22.8 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.02
73 contracts traded
Normalized net delta
0.085
option-holder convention
Modeled dealer delta
-0.085
opposite-side scenario
Vanna / 100k OI
3,776
volatility-sensitive delta
Charm / 100k OI
-512,578
time-decay-sensitive delta
IV surface range
59.7 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

TNL closed 11.3% below its gamma max of 70.04. It is 5.1% above the delta neutral price of 59.71. Total open interest is 4,794, +0.1% 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

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Neighbours by open interest

← PPLI (#2603) EVR (#2605) →

Questions people ask about TNL

Where is TNL's gamma max today?

As of Oct 2, 2026, the gamma max for TNL is 70.04, +11.3% from the 62.92 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 TNL above or below its delta neutral price?

TNL closed above delta neutral: 62.92 against a delta neutral price of 59.71. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does TNL have?

4,794 contracts of open interest across 69 listed contracts on Oct 2, 2026, +0.1% 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.