XHB gamma max, delta neutral & open interest levels
As of close · rank #627 by open interest · 1,379 sessions of history since Dec 1, 2020
XHB closed 12.9% below its gamma max of 111.19. It is 4.7% below the delta neutral price of 103.12. Total open interest is 109,340, -4.8% versus the previous session. What gamma max means · What delta neutral means
One-year history
Last 252 sessions
| Sessions closed above gamma max | 1% |
| Gamma max crosses | 7 |
| Delta neutral crosses | 33 |
| Open interest percentile (1y) | 15th |
| Open interest change, 5 sessions | +11.3% |
| Open interest change, 21 sessions | -2.8% |
| History available | Dec 1, 2020 → Sep 11, 2026 |
Recent crosses
- closed below delta neutral at 105.62 vs 107.98 (-2.2%)
- closed above delta neutral at 108.23 vs 107.78 (+0.4%)
- closed below delta neutral at 105.95 vs 107.47 (-1.4%)
- closed above delta neutral at 109.61 vs 108.95 (+0.6%)
- closed below delta neutral at 104.68 vs 107.53 (-2.7%)
- closed above delta neutral at 108.44 vs 108.33 (+0.1%)
- closed below delta neutral at 108.25 vs 109.79 (-1.4%)
- closed above delta neutral at 110.80 vs 110.02 (+0.7%)
- closed below delta neutral at 109.40 vs 110.11 (-0.7%)
- closed above delta neutral at 99.56 vs 99.35 (+0.2%)
In today's screens
Neighbours by open interest
Questions people ask about XHB
Where is XHB's gamma max today?
As of Sep 11, 2026, the gamma max for XHB is 111.19, +12.9% from the 98.46 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 XHB above or below its delta neutral price?
XHB closed below delta neutral: 98.46 against a delta neutral price of 103.12. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does XHB have?
109,340 contracts of open interest across 678 listed contracts on Sep 11, 2026, -4.8% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from end-of-day options data licensed from HistoricalOptionData.com; only derived aggregates are published. Methodology · Data and licence · Not investment advice.