Data through close

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

As of close · rank #4137 by open interest · snapshot page

VAW's nearest-expiration max pain is 225.00 for 2026-10-16, its GEX flip is 306.49, net GEX is -31,937, its put/call open-interest ratio is 1.40. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
219.85
prev 217.68
Gamma max
354.25
+61.1% from close
Delta neutral
231.58
+5.3% from close
Gamma neutral
306.49
+39.4% from close
Open interest
440
+10.3% vs prev
Contracts listed
61
36 calls · 25 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
225.00
+2.3% from close
2026-10-16
GEX flip
306.49
+39.4% from close
Net GEX
-31,937
-7,258,298 per 100k OI
Call wall
205.00
-6.8% from close
Put wall
240.00
+9.2% from close
Put/call OI
1.40
257 puts / 183 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
13.0
within trailing 52-week range
Front / back ATM IV
+25.9% / +22.7%
3.3 pp front premium
Expected move
+5.1%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
3.1 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.00
0 contracts traded
Normalized net delta
-0.102
option-holder convention
Modeled dealer delta
0.102
opposite-side scenario
Vanna / 100k OI
-3,864
volatility-sensitive delta
Charm / 100k OI
0
time-decay-sensitive delta
IV surface range
0.9 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

VAW closed 61.1% below its gamma max of 354.25. It is 5.3% below the delta neutral price of 231.58. Total open interest is 440, +10.3% versus the previous session. What gamma max means · What delta neutral means

History

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Analysis visualizations

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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Neighbours by open interest

Questions people ask about VAW

Where is VAW's gamma max today?

As of Oct 2, 2026, the gamma max for VAW is 354.25, +61.1% from the 219.85 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 VAW above or below its delta neutral price?

VAW closed below delta neutral: 219.85 against a delta neutral price of 231.58. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does VAW have?

440 contracts of open interest across 61 listed contracts on Oct 2, 2026, +10.3% 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.