VXX max pain, gamma exposure (GEX) & options open interest
As of close · rank #272 by open interest · 1,389 sessions of history since Dec 1, 2020
VXX's nearest-expiration max pain is 17.50 for 2026-10-09, its GEX flip is 15.74, net GEX is 11,957,623, its put/call open-interest ratio is 0.42. 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: volume/OI 0.18
VXX closed 13.1% below its gamma max of 19.68. It is right at the delta neutral price of 17.39. Total open interest is 353,765, -12.1% versus the previous session. Its options catalyst-intensity score is 43.0 out of 100, led by volume/OI 0.18. 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 | -34,164 contracts · -12.1% |
| Put OI change, 1 session | -14,475 contracts · -12.1% |
| Call minus put OI growth, 1 session | -0.0 pp |
| Call OI change, 5 sessions | +29,608 contracts · +13.5% |
| Put OI change, 5 sessions | +3,368 contracts · +3.3% |
| Call minus put OI growth, 5 sessions | +10.2 pp |
| Daily call OI change surprise | -1.28σ (250 prior changes) |
| Daily put OI change surprise | -0.98σ (250 prior changes) |
| Daily call-minus-put growth surprise | -0.02σ (250 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 above gamma max 2 completed Day +10 paths · latest Dec 19, 2024
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 2 | -6.9% | -10.6% to -3.2% | 50% | – | – |
| Day +2 | 2 | -11.8% | -16.4% to -7.3% | 0% | – | – |
| Day +3 | 2 | -15.8% | -20.2% to -11.3% | 0% | – | – |
| Day +4 | 2 | -12.7% | -18.4% to -6.9% | 0% | – | – |
| Day +5 | 2 | -10.5% | -15.7% to -5.4% | 0% | – | – |
| Day +6 | 2 | -7.9% | -13.4% to -2.4% | 50% | – | – |
| Day +7 | 2 | -11.5% | -14.9% to -8.0% | 0% | – | – |
| Day +8 | 2 | -13.6% | -15.1% to -12.1% | 0% | – | – |
| Day +9 | 2 | -18.0% | -19.7% to -16.2% | 0% | – | – |
| Day +10 | 2 | -19.6% | -20.7% to -18.5% | 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 | 0% |
| Gamma max crosses | 0 |
| Delta neutral crosses | 46 |
| Prior-year sessions closer to gamma max | 62.7% of 252 |
| Prior-year sessions closer to delta neutral | 0.0% of 252 |
| Open interest percentile (1y) | 82th |
| Daily open interest change versus prior year | -1.24σ (-48,639 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +10.3% |
| Open interest change, 21 sessions | -12.8% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 17.46 vs 17.39 (+0.4%)
- closed below delta neutral at 17.30 vs 17.38 (-0.5%)
- closed above delta neutral at 17.49 vs 17.38 (+0.6%)
- closed below delta neutral at 17.15 vs 17.33 (-1.1%)
- closed above delta neutral at 17.76 vs 17.41 (+2.0%)
- closed below delta neutral at 17.73 vs 17.76 (-0.2%)
- closed above delta neutral at 17.99 vs 17.86 (+0.7%)
- closed below delta neutral at 18.02 vs 18.25 (-1.3%)
- closed above delta neutral at 18.55 vs 18.35 (+1.1%)
- closed below delta neutral at 20.51 vs 20.81 (-1.5%)
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/VXX
Questions people ask about VXX
Where is VXX's gamma max today?
As of Oct 2, 2026, the gamma max for VXX is 19.68, +13.1% from the 17.40 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 VXX above or below its delta neutral price?
VXX closed above delta neutral: 17.40 against a delta neutral price of 17.39. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does VXX have?
353,765 contracts of open interest across 727 listed contracts on Oct 2, 2026, -12.1% 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.