Data through close

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

As of close · rank #3696 by open interest · snapshot page

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TRAX's nearest-expiration max pain is 35.00 for 2026-10-16, its GEX flip is 4.46, net GEX is 27,534, its put/call open-interest ratio is 0.27. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
33.28
prev 33.92
Gamma max
34.57
+3.9% from close
Delta neutral
21.24
-36.2% from close
Gamma neutral
4.46
-86.6% from close
Open interest
989
+1.0% vs prev
Contracts listed
39
33 calls · 20 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
35.00
+5.2% from close
2026-10-16
GEX flip
4.46
-86.6% from close
Net GEX
27,534
2,784,057 per 100k OI
Call wall
30.00
-9.9% from close
Put wall
35.00
+5.2% from close
Put/call OI
0.27
213 puts / 776 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
91.1
within trailing 52-week range
Front / back ATM IV
– / –
– pp front premium
Expected move
–
– DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
-106.8 pp
put IV minus call IV
IV butterfly
7.1 pp
front-window smile convexity
Volume / open interest
0.00
4 contracts traded
Normalized net delta
0.340
option-holder convention
Modeled dealer delta
-0.339
opposite-side scenario
Vanna / 100k OI
-1,416
volatility-sensitive delta
Charm / 100k OI
-2,071,992
time-decay-sensitive delta
IV surface range
41.7 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

TRAX closed 3.9% below its gamma max of 34.57. It is 36.2% above the delta neutral price of 21.24. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 989, +1.0% 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

← IDA (#3695) MEME (#3697) →

Questions people ask about TRAX

Where is TRAX's gamma max today?

As of Oct 2, 2026, the gamma max for TRAX is 34.57, +3.9% from the 33.28 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 TRAX above or below its delta neutral price?

TRAX closed above delta neutral: 33.28 against a delta neutral price of 21.24. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does TRAX have?

989 contracts of open interest across 39 listed contracts on Oct 2, 2026, +1.0% 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.