Data through close

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

As of close · rank #1266 by open interest · snapshot page

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XLRE's nearest-expiration max pain is 43.00 for 2026-10-16, its GEX flip is 42.73, net GEX is -1,595,165, its put/call open-interest ratio is 1.40. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
40.81
prev 40.68
Gamma max
46.31
+13.5% from close
Delta neutral
41.84
+2.5% from close
Gamma neutral
42.73
+4.7% from close
Open interest
30,922
+0.4% vs prev
Contracts listed
119
73 calls · 50 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
43.00
+5.4% from close
2026-10-16
GEX flip
42.73
+4.7% from close
Net GEX
-1,595,165
-5,158,673 per 100k OI
Call wall
41.00
+0.5% from close
Put wall
42.00
+2.9% from close
Put/call OI
1.40
18,041 puts / 12,881 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
25.8
within trailing 52-week range
Front / back ATM IV
+18.3% / +16.7%
1.6 pp front premium
Expected move
+3.6%
14 DTE · one standard deviation
ATM straddle / spot
+2.3%
front-window midpoint premium
25Δ risk reversal
1.1 pp
put IV minus call IV
IV butterfly
-4.3 pp
front-window smile convexity
Volume / open interest
0.02
478 contracts traded
Normalized net delta
-0.062
option-holder convention
Modeled dealer delta
0.061
opposite-side scenario
Vanna / 100k OI
3,328
volatility-sensitive delta
Charm / 100k OI
4,993
time-decay-sensitive delta
IV surface range
52.1 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

XLRE closed 13.5% below its gamma max of 46.31. It is 2.5% below the delta neutral price of 41.84. Total open interest is 30,922, +0.4% 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

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Neighbours by open interest

← CSTM (#1265) NAMS (#1267) →

Questions people ask about XLRE

Where is XLRE's gamma max today?

As of Oct 2, 2026, the gamma max for XLRE is 46.31, +13.5% from the 40.81 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 XLRE above or below its delta neutral price?

XLRE closed below delta neutral: 40.81 against a delta neutral price of 41.84. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does XLRE have?

30,922 contracts of open interest across 119 listed contracts on Oct 2, 2026, +0.4% 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.