UPXI max pain, gamma exposure (GEX) & options open interest
As of close · rank #481 by open interest · 404 sessions of history since Nov 4, 2022
UPXI's nearest-expiration max pain is 1.00 for 2026-10-09, its GEX flip is 0.88, net GEX is 4,023,353, its put/call open-interest ratio is 0.07. 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: 25Δ risk reversal -62.3 pp · OI change 0.02σ
UPXI closed 14.5% above its gamma max of 1.00. It is 81.4% above the delta neutral price of 0.22. Total open interest is 155,872, -0.0% versus the previous session. Its options catalyst-intensity score is 47.1 out of 100, led by 25Δ risk reversal -62.3 pp, OI change 0.02σ. 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 | +404 contracts · +0.3% |
| Put OI change, 1 session | -408 contracts · -3.7% |
| Call minus put OI growth, 1 session | +3.9 pp |
| Call OI change, 5 sessions | +6,404 contracts · +4.6% |
| Put OI change, 5 sessions | +627 contracts · +6.2% |
| Call minus put OI growth, 5 sessions | -1.6 pp |
| Daily call OI change surprise | +0.09σ (206 prior changes) |
| Daily put OI change surprise | -0.15σ (206 prior changes) |
| Daily call-minus-put growth surprise | +0.88σ (206 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 6 completed Day +10 paths · latest Apr 8, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 6 | -1.0% | -4.1% to +7.2% | 50% | -4.7% to +13.2% | 0.0% |
| Day +2 | 6 | +5.4% | -3.3% to +7.9% | 67% | -8.3% to +26.3% | 0.0% |
| Day +3 | 6 | -3.4% | -11.9% to +9.7% | 50% | -15.5% to +28.9% | 0.0% |
| Day +4 | 6 | -6.1% | -15.9% to +13.7% | 50% | -19.5% to +33.4% | 0.0% |
| Day +5 | 6 | -13.6% | -20.9% to +14.4% | 33% | -22.5% to +24.5% | 0.0% |
| Day +6 | 6 | -17.3% | -23.3% to +14.9% | 33% | -26.0% to +27.5% | 0.0% |
| Day +7 | 6 | -20.4% | -26.7% to +9.9% | 33% | -29.4% to +43.1% | 0.0% |
| Day +8 | 6 | -20.8% | -30.7% to +2.5% | 33% | -34.7% to +41.2% | 0.0% |
| Day +9 | 6 | -15.2% | -32.7% to +7.6% | 33% | -38.0% to +30.4% | 0.0% |
| Day +10 | 6 | -20.5% | -34.3% to +3.1% | 33% | -38.5% to +44.1% | 0.0% |
Crosses below gamma max 9 completed Day +10 paths · latest Apr 7, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 9 | -1.6% | -5.5% to +3.3% | 44% | -9.0% to +9.3% | 0.0% |
| Day +2 | 9 | -2.8% | -12.0% to +8.2% | 44% | -17.0% to +11.5% | 0.0% |
| Day +3 | 9 | -9.9% | -16.2% to +6.4% | 44% | -16.6% to +6.4% | 0.0% |
| Day +4 | 9 | -8.1% | -17.9% to -4.9% | 22% | -19.3% to +14.6% | 0.0% |
| Day +5 | 9 | -11.5% | -20.2% to -9.3% | 22% | -23.0% to +9.8% | 0.0% |
| Day +6 | 9 | -15.6% | -20.8% to -12.8% | 22% | -26.5% to +23.6% | 0.0% |
| Day +7 | 9 | -18.8% | -20.6% to -16.7% | 22% | -31.1% to +18.8% | 0.0% |
| Day +8 | 9 | -23.4% | -25.5% to -2.0% | 22% | -33.1% to +16.9% | 0.0% |
| Day +9 | 9 | -21.9% | -32.5% to -8.1% | 22% | -33.6% to +4.5% | 0.0% |
| Day +10 | 9 | -27.8% | -32.9% to -15.5% | 11% | -36.0% to -0.4% | -0.4% |
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 | 47% |
| Gamma max crosses | 35 |
| Delta neutral crosses | 4 |
| Prior-year sessions closer to gamma max | 35.3% of 252 |
| Prior-year sessions closer to delta neutral | 80.6% of 252 |
| Open interest percentile (1y) | 50th |
| Daily open interest change versus prior year | +0.02σ (-4 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +4.7% |
| Open interest change, 21 sessions | +6.4% |
| History available | Nov 4, 2022 → Oct 2, 2026 |
Recent crosses
- closed above gamma max at 1.23 vs 0.50 (+59.3%)
- closed below gamma max at 1.25 vs 1.28 (-2.7%)
- closed above gamma max at 1.04 vs 0.66 (+36.4%)
- closed below gamma max at 0.99 vs 1.00 (-0.6%)
- closed above gamma max at 1.07 vs 0.36 (+66.3%)
- closed below gamma max at 0.96 vs 1.00 (-4.1%)
- closed above gamma max at 0.93 vs 0.50 (+46.4%)
- closed below gamma max at 0.88 vs 1.00 (-13.6%)
- closed above gamma max at 0.86 vs 0.50 (+41.9%)
- closed below gamma max at 0.94 vs 1.00 (-6.4%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/UPXI
Questions people ask about UPXI
Where is UPXI's gamma max today?
As of Oct 2, 2026, the gamma max for UPXI is 1.00, -14.5% from the 1.17 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 UPXI above or below its delta neutral price?
UPXI closed above delta neutral: 1.17 against a delta neutral price of 0.22. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does UPXI have?
155,872 contracts of open interest across 83 listed contracts on Oct 2, 2026, -0.0% 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.