Data through close

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

As of close · rank #3964 by open interest · snapshot page

Chart Download CSV JSON snapshot Advanced analysis

VXZ's nearest-expiration max pain is 40.00 for 2026-10-16, net GEX is 14,092, its put/call open-interest ratio is 0.55. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
45.50
prev 45.94
Gamma max
39.27
-13.7% from close
Delta neutral
43.84
-3.6% from close
Gamma neutral
45.50
0.0% from close
Open interest
593
0.0% vs prev
Contracts listed
87
63 calls · 31 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
40.00
-12.1% from close
2026-10-16
GEX flip
–
Net GEX
14,092
2,376,418 per 100k OI
Call wall
47.00
+3.3% from close
Put wall
49.00
+7.7% from close
Put/call OI
0.55
210 puts / 383 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
24.8
within trailing 52-week range
Front / back ATM IV
+68.2% / +34.1%
34.1 pp front premium
Expected move
+13.4%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.00
0 contracts traded
Normalized net delta
0.044
option-holder convention
Modeled dealer delta
-0.043
opposite-side scenario
Vanna / 100k OI
-1,180
volatility-sensitive delta
Charm / 100k OI
0
time-decay-sensitive delta
IV surface range
154.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

VXZ closed 13.7% above its gamma max of 39.27. It is 3.6% above the delta neutral price of 43.84. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 593, 0.0% 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

← XRN (#3963) KNOP (#3965) →

Questions people ask about VXZ

Where is VXZ's gamma max today?

As of Oct 2, 2026, the gamma max for VXZ is 39.27, -13.7% from the 45.50 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 VXZ above or below its delta neutral price?

VXZ closed above delta neutral: 45.50 against a delta neutral price of 43.84. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does VXZ have?

593 contracts of open interest across 87 listed contracts on Oct 2, 2026, 0.0% 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.