Data through close

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

As of close · rank #3891 by open interest · snapshot page

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USL's nearest-expiration max pain is 45.00 for 2026-10-16, its GEX flip is 34.73, net GEX is 117,375, its put/call open-interest ratio is 0.13. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
57.71
prev 57.90
Gamma max
55.03
-4.6% from close
Delta neutral
43.68
-24.3% from close
Gamma neutral
34.73
-39.8% from close
Open interest
674
+0.1% vs prev
Contracts listed
58
46 calls · 23 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
45.00
-22.0% from close
2026-10-16
GEX flip
34.73
-39.8% from close
Net GEX
117,375
17,414,696 per 100k OI
Call wall
55.00
-4.7% from close
Put wall
54.00
-6.4% from close
Put/call OI
0.13
76 puts / 598 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
20.1
within trailing 52-week range
Front / back ATM IV
+32.9% / +32.3%
0.5 pp front premium
Expected move
+6.4%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.02
15 contracts traded
Normalized net delta
0.330
option-holder convention
Modeled dealer delta
-0.200
opposite-side scenario
Vanna / 100k OI
0
volatility-sensitive delta
Charm / 100k OI
-2,088,576
time-decay-sensitive delta
IV surface range
84.4 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

USL closed 4.6% above its gamma max of 55.03. It is 24.3% above the delta neutral price of 43.68. Total open interest is 674, +0.1% 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

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Neighbours by open interest

← KSA (#3890) EPC (#3892) →

Questions people ask about USL

Where is USL's gamma max today?

As of Oct 2, 2026, the gamma max for USL is 55.03, -4.6% from the 57.71 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 USL above or below its delta neutral price?

USL closed above delta neutral: 57.71 against a delta neutral price of 43.68. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does USL have?

674 contracts of open interest across 58 listed contracts on Oct 2, 2026, +0.1% 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.