VTRS max pain, gamma exposure (GEX) & options open interest
As of close · rank #571 by open interest · 1,394 sessions of history since Dec 1, 2020
VTRS's nearest-expiration max pain is 16.00 for 2026-10-16, its GEX flip is 14.42, net GEX is 6,956,777, its put/call open-interest ratio is 0.26. 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: OI change 0.11σ · 25Δ risk reversal -65.3 pp
VTRS closed 3.5% below its gamma max of 18.21. It is 13.3% above the delta neutral price of 15.27. Total open interest is 123,010, +0.7% versus the previous session. Its options catalyst-intensity score is 43.7 out of 100, led by OI change 0.11σ, 25Δ risk reversal -65.3 pp. 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 | +34 contracts · +0.0% |
| Put OI change, 1 session | +777 contracts · +3.1% |
| Call minus put OI growth, 1 session | -3.1 pp |
| Call OI change, 5 sessions | +2,088 contracts · +2.2% |
| Put OI change, 5 sessions | +1,244 contracts · +5.1% |
| Call minus put OI growth, 5 sessions | -2.9 pp |
| Daily call OI change surprise | +0.02σ (252 prior changes) |
| Daily put OI change surprise | +0.26σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.44σ (252 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 below gamma max 33 completed Day +10 paths · latest Sep 29, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 34 | +0.1% | -1.5% to +1.0% | 53% | -0.6% to +0.6% | 0.0% |
| Day +2 | 34 | -0.3% | -2.3% to +1.5% | 44% | -1.9% to +0.8% | 0.0% |
| Day +3 | 34 | -0.9% | -3.3% to +1.3% | 41% | -2.4% to +0.9% | 0.0% |
| Day +4 | 33 | -0.3% | -2.4% to +1.4% | 42% | -1.1% to +0.7% | 0.0% |
| Day +5 | 33 | -0.3% | -3.0% to +0.9% | 45% | -2.0% to +0.7% | 0.0% |
| Day +6 | 33 | -0.5% | -4.3% to +1.9% | 42% | -1.7% to +1.3% | 0.0% |
| Day +7 | 33 | -0.6% | -4.2% to +2.1% | 48% | -3.4% to +1.9% | 0.0% |
| Day +8 | 33 | -2.3% | -5.7% to +1.7% | 42% | -3.3% to +1.0% | 0.0% |
| Day +9 | 33 | -1.2% | -5.3% to +2.1% | 39% | -4.4% to +0.5% | 0.0% |
| Day +10 | 33 | -1.9% | -7.3% to +1.7% | 36% | -5.1% to +0.5% | 0.0% |
Crosses above gamma max 34 completed Day +10 paths · latest Sep 28, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 35 | -0.1% | -1.0% to +0.8% | 40% | -0.6% to +0.2% | 0.0% |
| Day +2 | 35 | -0.5% | -2.2% to +1.8% | 43% | -1.4% to +0.9% | 0.0% |
| Day +3 | 35 | -0.4% | -2.5% to +2.6% | 46% | -1.7% to +1.5% | 0.0% |
| Day +4 | 35 | +0.1% | -2.9% to +3.3% | 51% | -1.6% to +1.1% | 0.0% |
| Day +5 | 34 | -0.2% | -3.8% to +2.3% | 47% | -2.5% to +1.2% | 0.0% |
| Day +6 | 34 | -1.3% | -4.1% to +2.3% | 41% | -2.8% to +1.3% | 0.0% |
| Day +7 | 34 | -1.6% | -4.3% to +3.1% | 41% | -3.2% to +2.6% | 0.0% |
| Day +8 | 34 | -1.4% | -4.3% to +3.0% | 41% | -3.6% to +1.6% | 0.0% |
| Day +9 | 34 | -0.6% | -5.7% to +1.8% | 41% | -4.3% to +1.3% | 0.0% |
| Day +10 | 34 | -1.5% | -5.7% to +2.4% | 41% | -4.3% to +1.0% | 0.0% |
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 | 25% |
| Gamma max crosses | 26 |
| Delta neutral crosses | 6 |
| Prior-year sessions closer to gamma max | 31.7% of 252 |
| Prior-year sessions closer to delta neutral | 38.9% of 252 |
| Open interest percentile (1y) | 16th |
| Daily open interest change versus prior year | +0.11σ (811 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.8% |
| Open interest change, 21 sessions | -0.5% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 18.12 vs 18.22 (-0.6%)
- closed above gamma max at 18.27 vs 18.18 (+0.5%)
- closed above delta neutral at 16.25 vs 16.09 (+0.9%)
- closed below delta neutral at 16.23 vs 16.39 (-1.0%)
- closed above delta neutral at 16.23 vs 16.04 (+1.2%)
- closed below delta neutral at 16.04 vs 16.10 (-0.3%)
- closed above delta neutral at 16.43 vs 16.35 (+0.5%)
- closed below delta neutral at 16.29 vs 16.36 (-0.4%)
- closed below gamma max at 17.29 vs 19.09 (-10.4%)
- closed above gamma max at 17.33 vs 17.14 (+1.1%)
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/VTRS
Questions people ask about VTRS
Where is VTRS's gamma max today?
As of Oct 2, 2026, the gamma max for VTRS is 18.21, +3.5% from the 17.60 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 VTRS above or below its delta neutral price?
VTRS closed above delta neutral: 17.60 against a delta neutral price of 15.27. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does VTRS have?
123,010 contracts of open interest across 101 listed contracts on Oct 2, 2026, +0.7% 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.