TOL max pain, gamma exposure (GEX) & options open interest
As of close · rank #1399 by open interest · snapshot page
TOL's nearest-expiration max pain is 135.00 for 2026-11-20, its GEX flip is 137.14, net GEX is 182,469, its put/call open-interest ratio is 1.59. These are whole-chain derived aggregates as of Oct 23, 2026 close.
TOL max pain and GEX snapshot
End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.
Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.
Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.
Advanced options analysis
Public aggregate 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.
TOL closed 13.5% below its gamma max of 158.75. It is 3.1% above the delta neutral price of 135.51. Total open interest is 23,879, +3.3% versus the previous session. What gamma max means · What delta neutral means
History
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Analysis visualizations
Daily ticker aggregates through 2026-10-23. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.
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Aggregate IV history
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Questions people ask about TOL
What is TOL's max pain for the nearest expiration?
As of Oct 23, 2026 close, nearest-expiration max pain is 135.00 for the 2026-11-20 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.
Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.
What do TOL's gamma exposure and gamma flip show?
Signed net GEX is 182,469 as of Oct 23, 2026 close. The confirmed GEX flip is 137.14. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.
Where is TOL's gamma max today?
As of Oct 23, 2026, the gamma max for TOL is 158.75, +13.5% from the 139.90 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 TOL above or below its delta neutral price?
TOL closed above delta neutral: 139.90 against a delta neutral price of 135.51. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does TOL have?
23,879 contracts of open interest across 260 listed contracts on Oct 23, 2026, +3.3% 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.