Data through close

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

As of close

TSLL max pain · nearest expiration

10.00 for

3.6% below the 10.37 close

All-expiration max pain 10.00

Net GEX 24.51M (positive 99 sessions) GEX flip 7.44 (28.3% below) Put/call OI 0.32

TSLL close vs max pain · last 60 sessions
10.37 10.00 MP net GEX Aug 21 Nov 13 10.37 10.00 MP net GEX Aug 21 Nov 13

Over the last 60 sessions to Nov 13, 2026, TSLL closed between 8.10 and 11.63; nearest-expiration max pain ranged from 8.50 to 11.00. Latest max pain 10.00 for the Fri, Nov 20, 2026 expiration. 4 of 13 expirations in view closed nearer the prior-session max pain than the prior close.

  • Close
  • Max pain (nearest expiration)
  • All-expiration max pain
  • Expiry close nearer max pain
  • nearer prior close

Markers sit on expiration sessions and compare that close with the prior session's max pain and close. Bars show net GEX, calls positive and puts negative. Descriptive history, not a forecast.

Over the past 252 sessions, TSLL's expiration-day close was nearer the prior session's max pain than the prior close on 12 of 53 expirations (23%). Expiration record

TSLL's nearest-expiration max pain is 10.00 for the Fri, Nov 20, 2026 expiration, 3.6% below the 10.37 close; all-expiration max pain is 10.00; the GEX flip is 7.44; net GEX is 24.51M (modeled dollar-delta change per $1 move); the put/call open-interest ratio is 0.32. These are whole-chain derived aggregates as of Nov 13, 2026 close.

TSLL 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.

Nearest-expiration max pain
10.00
-3.6% from close
Expiry: Fri, Nov 20, 2026
All-expiration max pain: 10.00
GEX flip (gamma neutral)
7.44
-28.3% from close
Net GEX
24,508,874
3,085,497 per 100k OI
Call wall
11.00
+6.1% from close
Put wall
10.00
-3.6% from close
Put/call OI
0.32
193,471 puts / 600,854 calls

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.

Does TSLL close at max pain? Expiration record

Over the past 252 sessions, TSLL's expiration-day close was nearer the prior session's max pain than the prior close on 12 of 53 expirations (23%). The median distance from the expiration close was 5.60% for max pain and 3.67% for an unchanged prior close; 5 of 53 closes finished within 1% of max pain. 1 tied.

TSLL recent expirations versus prior-session max pain
Expiration Max pain (session before) Prior close Expiration close Close vs max pain Nearer
9.50 10.77 10.37 +8.08% Prior close
10.50 8.10 8.80 -20.99% Prior close
10.00 11.39 11.17 +10.27% Prior close
10.00 9.88 9.76 -2.43% Prior close
10.00 9.33 8.91 -11.68% Prior close
10.00 10.01 10.40 +4.00% Prior close
9.50 8.97 9.79 +3.23% Max pain
10.00 10.26 9.94 -0.58% Max pain
9.50 9.71 9.63 +1.34% Prior close
9.50 9.61 9.71 +2.19% Prior close

Each expiration compares the last session before it, when it was the nearest expiration, with the close of the expiration session. Distances are percentages of that prior close. Underlying closes are not official option settlement values. The archive was reconstructed in September 2026, so it does not show what was published at the time. This is descriptive history, not a forecast. The site-wide 2025 max-pain study uses the same comparison on Thursday snapshots.

Close
10.37
prev 10.77
Gamma max
11.64
+12.2% from close
Delta neutral
8.67
-16.4% from close
Gamma neutral (GEX flip)
7.44
-28.3% from close
Open interest
794,325
-9.8% vs prev
Contracts listed
474
301 calls · 265 puts

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.

Catalyst intensity
47.4
cross-sectional score / 100
Directional score
20.5
relatively bullish positioning
IV rank
22.3
within trailing 52-week range
Front IV premium
12.6 pp
front minus back volatility difference
25Δ risk reversal
-0.6 pp
put IV minus call IV
IV butterfly
2.8 pp
front-window smile convexity
Volume / open interest
0.11
102,706 contracts traded
Normalized net delta
0.179
option-holder convention
Modeled dealer delta
-0.179
opposite-side scenario
Vanna / 100k OI
1,714
volatility-sensitive delta
Charm / 100k OI
-468,667
time-decay-sensitive delta
IV surface range
85.4 pp
aggregate volatility dispersion

Strongest relative signals: volume/OI 0.11 · front IV premium 12.6 pp

Download the dated aggregate analysis JSON .

TSLL closed 12.2% below its gamma max of 11.64. It is 16.4% above the delta neutral price of 8.67. Total open interest is 794,325, -9.8% versus the previous session. Its options catalyst-intensity score is 47.4 out of 100, led by volume/OI 0.11, front IV premium 12.6 pp. 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.

TSLL call and put open interest changes
Measure Value
Call OI change, 1 session -60,349 contracts · -9.1%
Put OI change, 1 session -25,899 contracts · -11.8%
Call minus put OI growth, 1 session +2.7 pp
Call OI change, 5 sessions +23,736 contracts · +4.1%
Put OI change, 5 sessions -3,048 contracts · -1.6%
Call minus put OI growth, 5 sessions +5.7 pp
Daily call OI change surprise -0.88σ (250 prior changes)
Daily put OI change surprise -0.85σ (250 prior changes)
Daily call-minus-put growth surprise +0.42σ (250 prior changes)

History

2025-11 2026-11
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Daily ticker aggregates through 2026-11-13. This analysis view omits individual contract fields.

To see all-expiration max pain over time, open the History chart and select “All-expiration max pain” under More series.

Aggregate IV history

Chart loads when this section is in view.

Swipe chart sideways to see the full range.

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 26 completed Day +10 paths · latest Oct 28, 2026
TSLL returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -34.0% -17.0% 0% +17.0% +34.0% Cross on Aug 18, 2022 Cross on Aug 22, 2022 Cross on Aug 25, 2022 Cross on Sep 21, 2022 Cross on Jan 30, 2023 Cross on Feb 3, 2023 Cross on Feb 7, 2023 Cross on Feb 10, 2023 Cross on Feb 16, 2023 Cross on Mar 22, 2023 Cross on May 19, 2023 Cross on May 24, 2023 Cross on Jun 21, 2023 Cross on Dec 18, 2023 Cross on Dec 20, 2023 Cross on Dec 28, 2023 Cross on Feb 16, 2024 Cross on Oct 28, 2024 Cross on Dec 9, 2024 Cross on Mar 25, 2025 Cross on May 13, 2025 Cross on Sep 16, 2025 Cross on Dec 5, 2025 Cross on Apr 17, 2026 Cross on May 12, 2026 Cross on Oct 28, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
TSLL historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 26 +1.6% -3.0% to +3.8% 58% -2.4% to +3.4% 0.0%
Day +2 26 -2.1% -3.9% to +4.9% 42% -3.7% to +4.3% 0.0%
Day +3 26 -0.5% -6.9% to +4.3% 46% -5.6% to +2.0% 0.0%
Day +4 26 -1.5% -8.3% to +4.3% 35% -5.5% to +3.3% 0.0%
Day +5 26 +0.3% -8.8% to +5.5% 50% -6.4% to +5.0% 0.0%
Day +6 26 -0.2% -7.7% to +8.0% 42% -7.4% to +3.6% 0.0%
Day +7 26 +1.1% -7.5% to +10.3% 54% -6.5% to +3.4% 0.0%
Day +8 26 +1.7% -9.3% to +10.6% 54% -4.4% to +8.1% 0.0%
Day +9 26 +0.1% -8.7% to +11.7% 50% -6.7% to +9.0% 0.0%
Day +10 26 +2.1% -8.5% to +12.3% 54% -6.0% to +9.7% 0.0%
Crosses above gamma max 28 completed Day +10 paths · latest Oct 27, 2026
TSLL returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -44.0% -22.0% 0% +22.0% +44.0% Cross on Aug 19, 2022 Cross on Aug 23, 2022 Cross on Sep 20, 2022 Cross on Jan 27, 2023 Cross on Feb 1, 2023 Cross on Feb 6, 2023 Cross on Feb 9, 2023 Cross on Feb 14, 2023 Cross on Mar 21, 2023 Cross on May 22, 2023 Cross on May 31, 2023 Cross on Jun 20, 2023 Cross on Dec 15, 2023 Cross on Dec 19, 2023 Cross on Dec 27, 2023 Cross on Feb 15, 2024 Cross on Sep 5, 2024 Cross on Nov 6, 2024 Cross on Dec 5, 2024 Cross on Dec 11, 2024 Cross on Mar 24, 2025 Cross on May 12, 2025 Cross on Sep 11, 2025 Cross on Dec 4, 2025 Cross on Apr 15, 2026 Cross on May 8, 2026 Cross on Jul 1, 2026 Cross on Oct 27, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
TSLL historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 28 -1.1% -4.8% to +4.0% 43% -3.8% to +1.5% 0.0%
Day +2 28 -2.3% -5.3% to +4.6% 39% -4.8% to +2.3% 0.0%
Day +3 28 -2.2% -4.4% to +9.8% 39% -4.0% to +2.6% 0.0%
Day +4 28 -0.9% -6.5% to +9.5% 43% -3.2% to +4.5% 0.0%
Day +5 28 -2.2% -6.5% to +9.7% 36% -4.8% to +1.4% 0.0%
Day +6 28 -1.3% -9.6% to +12.3% 46% -8.5% to +6.3% 0.0%
Day +7 28 -3.1% -10.3% to +13.2% 43% -8.5% to +9.3% 0.0%
Day +8 28 -1.5% -8.4% to +11.3% 43% -6.1% to +4.9% 0.0%
Day +9 28 -2.9% -9.5% to +16.2% 46% -5.8% to +9.7% 0.0%
Day +10 28 -0.7% -10.6% to +18.0% 50% -5.4% to +9.7% 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

TSLL trailing historical statistics
Sessions closed above gamma max 3%
Gamma max crosses 12
Delta neutral crosses 30
Prior-year sessions closer to gamma max 46.0% of 252
Prior-year sessions closer to delta neutral 82.5% of 252
Open interest percentile (1y) 75th
Daily open interest change versus prior year -0.89σ (-86,248 contracts; 252 prior changes)
Open interest change, 5 sessions +2.7%
Open interest change, 21 sessions -5.6%
History available Aug 11, 2022 → Nov 13, 2026

Recent crosses

  1. closed above delta neutral at 8.80 vs 8.12 (+7.7%)
  2. closed below delta neutral at 8.10 vs 8.54 (-5.4%)
  3. closed below gamma max at 11.45 vs 11.67 (-1.9%)
  4. closed above gamma max at 11.63 vs 11.56 (+0.6%)
  5. closed below gamma max at 9.15 vs 11.01 (-20.3%)
  6. closed above gamma max at 10.38 vs 10.30 (+0.7%)
  7. closed above delta neutral at 7.21 vs 6.82 (+5.5%)
  8. closed below delta neutral at 7.76 vs 9.62 (-23.9%)
  9. closed below gamma max at 12.27 vs 14.96 (-21.9%)
  10. closed above gamma max at 14.52 vs 14.43 (+0.7%)

In today's screens

Neighbours by open interest

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Questions people ask about TSLL

What is TSLL's max pain for the nearest expiration?

As of Nov 13, 2026 close, nearest-expiration max pain is 10.00 for the Fri, Nov 20, 2026 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.

Is TSLL max pain a reliable closing-price forecast?

Over the past 252 sessions, TSLL's expiration-day close was nearer the prior session's max pain than the prior close on 12 of 53 expirations (23%). The median distance from the expiration close was 5.60% for max pain and 3.67% for an unchanged prior close. Past expirations do not predict the next one. See the expiration record.

What do TSLL's gamma exposure and gamma flip show?

Signed net GEX is 24,508,874 as of Nov 13, 2026 close. The confirmed GEX flip is 7.44. Net GEX has been positive for the last 99 sessions and negative on 27 of the past 252. 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 TSLL's gamma max today?

As of Nov 13, 2026, the gamma max for TSLL is 11.64, +12.2% from the 10.37 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 TSLL above or below its delta neutral price?

TSLL closed above delta neutral: 10.37 against a delta neutral price of 8.67. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does TSLL have?

794,325 contracts of open interest across 474 listed contracts on Nov 13, 2026, -9.8% 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.