TTWO max pain, gamma exposure (GEX) & options open interest
As of close · rank #319 by open interest · 1,394 sessions of history since Dec 1, 2020
TTWO's nearest-expiration max pain is 207.50 for 2026-10-09, its GEX flip is 206.62, net GEX is -3,617,586, its put/call open-interest ratio is 0.61. 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: OI change 0.28σ · IV rank 91
TTWO closed 27.7% below its gamma max of 258.98. It is 1.0% below the delta neutral price of 204.70. Total open interest is 279,049, +1.6% versus the previous session. Its options catalyst-intensity score is 41.8 out of 100, led by OI change 0.28σ, IV rank 91. 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 | -1,723 contracts · -1.0% |
| Put OI change, 1 session | +5,986 contracts · +6.0% |
| Call minus put OI growth, 1 session | -7.0 pp |
| Call OI change, 5 sessions | +9,210 contracts · +5.6% |
| Put OI change, 5 sessions | +10,383 contracts · +10.9% |
| Call minus put OI growth, 5 sessions | -5.3 pp |
| Daily call OI change surprise | -0.27σ (252 prior changes) |
| Daily put OI change surprise | +1.01σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.07σ (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 above gamma max 22 completed Day +10 paths · latest May 14, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 22 | -0.5% | -1.1% to -0.1% | 27% | -1.0% to -0.2% | -0.2% |
| Day +2 | 22 | -0.5% | -1.7% to +0.1% | 36% | -1.5% to +0.1% | 0.0% |
| Day +3 | 22 | +0.5% | -1.7% to +1.1% | 59% | -1.6% to +1.1% | 0.0% |
| Day +4 | 22 | +0.5% | -1.9% to +1.6% | 55% | -0.9% to +1.6% | 0.0% |
| Day +5 | 22 | +0.3% | -1.6% to +1.4% | 50% | -1.2% to +1.3% | 0.0% |
| Day +6 | 22 | +0.1% | -1.2% to +1.8% | 50% | -0.9% to +1.6% | 0.0% |
| Day +7 | 22 | +0.4% | -1.9% to +1.8% | 55% | -1.6% to +1.4% | 0.0% |
| Day +8 | 22 | +0.3% | -1.8% to +3.4% | 59% | -1.6% to +2.7% | 0.0% |
| Day +9 | 22 | +0.7% | -3.0% to +3.4% | 55% | -2.9% to +3.0% | 0.0% |
| Day +10 | 22 | +0.2% | -3.7% to +3.7% | 55% | -3.1% to +2.4% | 0.0% |
Crosses below gamma max 21 completed Day +10 paths · latest May 8, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 21 | +0.2% | -1.0% to +0.7% | 62% | -0.3% to +0.6% | 0.0% |
| Day +2 | 21 | +0.7% | -0.5% to +1.4% | 57% | -0.4% to +1.0% | 0.0% |
| Day +3 | 21 | +0.4% | -0.3% to +1.2% | 71% | +0.1% to +1.2% | +0.1% |
| Day +4 | 21 | +0.2% | -0.6% to +1.3% | 57% | -0.5% to +1.2% | 0.0% |
| Day +5 | 21 | +1.1% | +0.1% to +1.8% | 76% | +0.2% to +1.8% | +0.2% |
| Day +6 | 21 | +0.3% | -1.0% to +1.7% | 62% | -0.7% to +1.5% | 0.0% |
| Day +7 | 21 | +1.2% | -1.2% to +1.8% | 57% | -0.6% to +1.8% | 0.0% |
| Day +8 | 21 | +0.0% | -2.5% to +2.5% | 52% | -1.8% to +1.9% | 0.0% |
| Day +9 | 21 | +0.4% | -1.4% to +2.7% | 57% | -1.2% to +2.5% | 0.0% |
| Day +10 | 21 | -0.2% | -2.2% to +2.3% | 38% | -1.5% to +2.1% | 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 | 1% |
| Gamma max crosses | 4 |
| Delta neutral crosses | 21 |
| Prior-year sessions closer to gamma max | 91.7% of 252 |
| Prior-year sessions closer to delta neutral | 9.9% of 252 |
| Open interest percentile (1y) | 88th |
| Daily open interest change versus prior year | +0.28σ (4,263 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +7.6% |
| Open interest change, 21 sessions | -14.4% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 203.62 vs 205.25 (-0.8%)
- closed above delta neutral at 207.50 vs 205.82 (+0.8%)
- closed below delta neutral at 205.53 vs 207.91 (-1.2%)
- closed above delta neutral at 209.92 vs 209.31 (+0.3%)
- closed below delta neutral at 211.91 vs 214.60 (-1.3%)
- closed above delta neutral at 222.91 vs 217.00 (+2.7%)
- closed below delta neutral at 215.47 vs 216.88 (-0.7%)
- closed above delta neutral at 216.96 vs 215.89 (+0.5%)
- closed below delta neutral at 216.68 vs 218.76 (-1.0%)
- closed below gamma max at 242.44 vs 269.92 (-11.3%)
In today's screens
Neighbours by open interest
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Canonical source: https://halfonadouble.com/stock/TTWO
Questions people ask about TTWO
Where is TTWO's gamma max today?
As of Oct 2, 2026, the gamma max for TTWO is 258.98, +27.7% from the 202.73 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 TTWO above or below its delta neutral price?
TTWO closed below delta neutral: 202.73 against a delta neutral price of 204.70. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does TTWO have?
279,049 contracts of open interest across 663 listed contracts on Oct 2, 2026, +1.6% 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.