Data through close

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

As of close · rank #3439 by open interest · snapshot page

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VNM's nearest-expiration max pain is 15.00 for 2026-10-16, its GEX flip is 7.09, net GEX is 19,811, its put/call open-interest ratio is 0.46. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
16.72
prev 16.84
Gamma max
12.55
-24.9% from close
Delta neutral
15.19
-9.2% from close
Gamma neutral
7.09
-57.6% from close
Open interest
1,447
+0.2% vs prev
Contracts listed
35
20 calls · 17 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
15.00
-10.3% from close
2026-10-16
GEX flip
7.09
-57.6% from close
Net GEX
19,811
1,369,125 per 100k OI
Call wall
18.00
+7.7% from close
Put wall
17.00
+1.7% from close
Put/call OI
0.46
454 puts / 993 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
19.8
within trailing 52-week range
Front / back ATM IV
+48.3% / +21.7%
26.6 pp front premium
Expected move
+9.4%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
1.4 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
8 contracts traded
Normalized net delta
0.196
option-holder convention
Modeled dealer delta
-0.196
opposite-side scenario
Vanna / 100k OI
1,589
volatility-sensitive delta
Charm / 100k OI
-1,295,992
time-decay-sensitive delta
IV surface range
116.4 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

VNM closed 24.9% above its gamma max of 12.55. It is 9.2% above the delta neutral price of 15.19. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 1,447, +0.2% 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

← RSPR (#3438) ASMG (#3440) →

Questions people ask about VNM

Where is VNM's gamma max today?

As of Oct 2, 2026, the gamma max for VNM is 12.55, -24.9% from the 16.72 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 VNM above or below its delta neutral price?

VNM closed above delta neutral: 16.72 against a delta neutral price of 15.19. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does VNM have?

1,447 contracts of open interest across 35 listed contracts on Oct 2, 2026, +0.2% 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.