WULF max pain, gamma exposure (GEX) & options open interest
As of close · rank #34 by open interest · 770 sessions of history since May 12, 2022
WULF's nearest-expiration max pain is 15.50 for 2026-10-09, its GEX flip is 11.46, net GEX is 79,571,528, its put/call open-interest ratio is 0.40. 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: 7d expected move +10.4% · volume/OI 0.08
WULF closed 21.2% below its gamma max of 18.78. It is 16.9% above the delta neutral price of 12.88. Total open interest is 2,752,557, +0.1% versus the previous session. Its options catalyst-intensity score is 46.4 out of 100, led by 7d expected move +10.4%, volume/OI 0.08. 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 | -24,502 contracts · -1.2% |
| Put OI change, 1 session | +26,712 contracts · +3.5% |
| Call minus put OI growth, 1 session | -4.8 pp |
| Call OI change, 5 sessions | +91,386 contracts · +4.9% |
| Put OI change, 5 sessions | +31,246 contracts · +4.2% |
| Call minus put OI growth, 5 sessions | +0.7 pp |
| Daily call OI change surprise | -0.31σ (252 prior changes) |
| Daily put OI change surprise | +0.51σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.33σ (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 25 completed Day +10 paths · latest Jun 16, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 25 | +0.3% | -2.9% to +1.3% | 52% | -1.8% to +1.2% | 0.0% |
| Day +2 | 25 | +1.6% | -4.3% to +4.9% | 56% | -3.6% to +4.3% | 0.0% |
| Day +3 | 25 | +2.8% | -3.9% to +9.8% | 64% | -2.1% to +9.3% | 0.0% |
| Day +4 | 25 | +2.7% | -4.1% to +9.6% | 68% | -0.5% to +7.1% | 0.0% |
| Day +5 | 25 | +4.5% | -3.3% to +9.3% | 60% | -2.2% to +6.8% | 0.0% |
| Day +6 | 25 | +1.5% | -6.8% to +5.7% | 56% | -6.1% to +5.3% | 0.0% |
| Day +7 | 25 | +1.7% | -8.7% to +9.4% | 56% | -3.9% to +8.0% | 0.0% |
| Day +8 | 25 | +3.1% | -7.9% to +8.9% | 52% | -6.0% to +8.9% | 0.0% |
| Day +9 | 25 | +3.5% | -6.0% to +8.8% | 56% | -3.6% to +7.9% | 0.0% |
| Day +10 | 25 | +2.2% | -4.8% to +11.3% | 56% | -4.3% to +7.9% | 0.0% |
Crosses above gamma max 25 completed Day +10 paths · latest Jun 15, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 25 | -1.6% | -4.7% to +0.9% | 32% | -4.4% to +0.1% | 0.0% |
| Day +2 | 25 | -0.7% | -5.5% to +3.0% | 40% | -5.5% to +2.8% | 0.0% |
| Day +3 | 25 | -0.6% | -4.4% to +6.6% | 48% | -4.4% to +3.6% | 0.0% |
| Day +4 | 25 | +1.9% | -2.2% to +8.0% | 64% | -2.1% to +6.9% | 0.0% |
| Day +5 | 25 | +2.3% | -1.5% to +6.6% | 72% | +1.5% to +5.1% | +1.5% |
| Day +6 | 25 | +2.5% | -3.6% to +8.5% | 60% | -3.0% to +5.9% | 0.0% |
| Day +7 | 25 | +0.9% | -6.9% to +7.7% | 52% | -6.9% to +6.8% | 0.0% |
| Day +8 | 25 | +2.4% | -4.7% to +7.0% | 56% | -4.5% to +3.9% | 0.0% |
| Day +9 | 25 | +0.3% | -7.3% to +6.5% | 52% | -7.2% to +4.2% | 0.0% |
| Day +10 | 25 | +1.9% | -5.5% to +8.1% | 60% | -5.2% to +7.0% | 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 | 5% |
| Gamma max crosses | 16 |
| Delta neutral crosses | 0 |
| Prior-year sessions closer to gamma max | 69.4% of 252 |
| Prior-year sessions closer to delta neutral | 25.0% of 252 |
| Open interest percentile (1y) | 96th |
| Daily open interest change versus prior year | -0.02σ (2,210 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +4.7% |
| Open interest change, 21 sessions | +2.9% |
| History available | May 12, 2022 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 27.99 vs 28.72 (-2.6%)
- closed above gamma max at 28.04 vs 27.67 (+1.3%)
- closed below gamma max at 25.49 vs 25.49 (-0.0%)
- closed above gamma max at 25.18 vs 24.77 (+1.6%)
- closed below gamma max at 24.09 vs 24.27 (-0.7%)
- closed above gamma max at 25.66 vs 24.67 (+3.8%)
- closed below gamma max at 19.67 vs 20.26 (-3.0%)
- closed above gamma max at 20.95 vs 20.87 (+0.4%)
- closed below gamma max at 18.88 vs 19.97 (-5.8%)
- closed above gamma max at 19.03 vs 18.89 (+0.7%)
In today's screens
Neighbours by open interest
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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/WULF
Questions people ask about WULF
Where is WULF's gamma max today?
As of Oct 2, 2026, the gamma max for WULF is 18.78, +21.2% from the 15.49 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 WULF above or below its delta neutral price?
WULF closed above delta neutral: 15.49 against a delta neutral price of 12.88. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does WULF have?
2,752,557 contracts of open interest across 784 listed contracts on Oct 2, 2026, +0.1% 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.