Data through close

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

As of close · rank #3131 by open interest · snapshot page

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TWM's nearest-expiration max pain is 24.00 for 2026-10-16, its GEX flip is 15.52, net GEX is 583,595, its put/call open-interest ratio is 0.44. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
23.57
prev 23.97
Gamma max
23.57
-0.0% from close
Delta neutral
20.94
-11.1% from close
Gamma neutral
15.52
-34.1% from close
Open interest
2,260
+5.0% vs prev
Contracts listed
46
33 calls · 24 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
24.00
+1.8% from close
2026-10-16
GEX flip
15.52
-34.1% from close
Net GEX
583,595
25,822,804 per 100k OI
Call wall
24.00
+1.8% from close
Put wall
34.00
+44.3% from close
Put/call OI
0.44
688 puts / 1,572 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
49.1
within trailing 52-week range
Front / back ATM IV
+38.6% / +38.9%
-0.3 pp front premium
Expected move
+7.5%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
159.8 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.02
42 contracts traded
Normalized net delta
0.092
option-holder convention
Modeled dealer delta
-0.087
opposite-side scenario
Vanna / 100k OI
221
volatility-sensitive delta
Charm / 100k OI
98,496
time-decay-sensitive delta
IV surface range
174.1 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

TWM closed right at its gamma max of 23.57. It is 11.1% above the delta neutral price of 20.94. Total open interest is 2,260, +5.0% 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

← BBNX (#3130) FUTG (#3132) →

Questions people ask about TWM

Where is TWM's gamma max today?

As of Oct 2, 2026, the gamma max for TWM is 23.57, -0.0% from the 23.57 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 TWM above or below its delta neutral price?

TWM closed above delta neutral: 23.57 against a delta neutral price of 20.94. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does TWM have?

2,260 contracts of open interest across 46 listed contracts on Oct 2, 2026, +5.0% 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.