Data through close

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

As of close

UGL's nearest-expiration max pain is 43.00 for the Fri, Nov 20, 2026 expiration, 9.8% above the 39.16 close; all-expiration max pain is 45.00; net GEX is 2.21M (modeled dollar-delta change per $1 move); the put/call open-interest ratio is 0.54. These are whole-chain derived aggregates as of Nov 13, 2026 close.

UGL 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
43.00
+9.8% from close
Expiry: Fri, Nov 20, 2026
All-expiration max pain: 45.00
GEX flip
–
Net GEX
2,207,880
3,739,064 per 100k OI
Call wall
45.00
+14.9% from close
Put wall
43.00
+9.8% from close
Put/call OI
0.54
20,682 puts / 38,367 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.

Close
39.16
prev 39.12
Gamma max
43.56
+11.2% from close
Delta neutral
42.52
+8.6% from close
Gamma neutral
39.16
0.0% from close
Open interest
59,049
+2.7% vs prev
Contracts listed
375
230 calls · 160 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
–
cross-sectional score / 100
Directional score
–
IV rank
5.1
within trailing 52-week range
Front IV premium
4.5 pp
front minus back volatility difference
25Δ risk reversal
23.6 pp
put IV minus call IV
IV butterfly
5.6 pp
front-window smile convexity
Volume / open interest
0.04
2,427 contracts traded
Normalized net delta
-0.096
option-holder convention
Modeled dealer delta
0.096
opposite-side scenario
Vanna / 100k OI
1,318
volatility-sensitive delta
Charm / 100k OI
270,753
time-decay-sensitive delta
IV surface range
51.1 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

UGL closed 11.2% below its gamma max of 43.56. It is 8.6% below the delta neutral price of 42.52. Total open interest is 59,049, +2.7% 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

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

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Swipe chart sideways to see the full range.

In today's screens

Neighbours by open interest

Cite or embed this snapshot

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Canonical source: https://halfonadouble.com/stock/UGL

Questions people ask about UGL

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

As of Nov 13, 2026 close, nearest-expiration max pain is 43.00 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.

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

Signed net GEX is 2,207,880 as of Nov 13, 2026 close. No confirmed GEX flip is available; this does not imply a zero exposure level. 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 UGL's gamma max today?

As of Nov 13, 2026, the gamma max for UGL is 43.56, +11.2% from the 39.16 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 UGL above or below its delta neutral price?

UGL closed below delta neutral: 39.16 against a delta neutral price of 42.52. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does UGL have?

59,049 contracts of open interest across 375 listed contracts on Nov 13, 2026, +2.7% 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.