Data through close

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

As of close · rank #1294 by open interest · snapshot page

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VNQ's nearest-expiration max pain is 93.00 for 2026-10-16, its GEX flip is 95.34, net GEX is -4,343,783, its put/call open-interest ratio is 1.58. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
89.50
prev 89.17
Gamma max
102.45
+14.5% from close
Delta neutral
93.78
+4.8% from close
Gamma neutral
95.34
+6.5% from close
Open interest
29,646
+1.4% vs prev
Contracts listed
293
164 calls · 133 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
93.00
+3.9% from close
2026-10-16
GEX flip
95.34
+6.5% from close
Net GEX
-4,343,783
-14,652,172 per 100k OI
Call wall
97.00
+8.4% from close
Put wall
89.00
-0.6% from close
Put/call OI
1.58
18,152 puts / 11,494 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
12.4
within trailing 52-week range
Front / back ATM IV
+16.6% / +16.0%
0.7 pp front premium
Expected move
+3.3%
14 DTE · one standard deviation
ATM straddle / spot
+2.5%
front-window midpoint premium
25Δ risk reversal
-110.7 pp
put IV minus call IV
IV butterfly
0.3 pp
front-window smile convexity
Volume / open interest
0.01
297 contracts traded
Normalized net delta
-0.139
option-holder convention
Modeled dealer delta
0.139
opposite-side scenario
Vanna / 100k OI
2,574
volatility-sensitive delta
Charm / 100k OI
-14,198
time-decay-sensitive delta
IV surface range
112.5 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

VNQ closed 14.5% below its gamma max of 102.45. It is 4.8% below the delta neutral price of 93.78. Total open interest is 29,646, +1.4% 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

← CMBT (#1293) CTAS (#1295) →

Questions people ask about VNQ

Where is VNQ's gamma max today?

As of Oct 2, 2026, the gamma max for VNQ is 102.45, +14.5% from the 89.50 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 VNQ above or below its delta neutral price?

VNQ closed below delta neutral: 89.50 against a delta neutral price of 93.78. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does VNQ have?

29,646 contracts of open interest across 293 listed contracts on Oct 2, 2026, +1.4% 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.