XOM max pain, gamma exposure (GEX) & options open interest
As of close · rank #94 by open interest · 1,394 sessions of history since Dec 1, 2020
XOM's nearest-expiration max pain is 162.50 for 2026-10-09, its GEX flip is 150.53, net GEX is 66,550,803, its put/call open-interest ratio is 0.67. 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: front IV premium -0.5 pp
XOM closed 5.7% below its gamma max of 173.52. It is 9.1% above the delta neutral price of 149.14. Total open interest is 1,019,026, -0.8% versus the previous session. Its options catalyst-intensity score is 45.4 out of 100, led by front IV premium -0.5 pp. 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 | -4,301 contracts · -0.7% |
| Put OI change, 1 session | -4,410 contracts · -1.1% |
| Call minus put OI growth, 1 session | +0.4 pp |
| Call OI change, 5 sessions | +36,038 contracts · +6.3% |
| Put OI change, 5 sessions | +19,107 contracts · +4.9% |
| Call minus put OI growth, 5 sessions | +1.4 pp |
| Daily call OI change surprise | -0.13σ (252 prior changes) |
| Daily put OI change surprise | -0.17σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.13σ (252 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
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 24 completed Day +10 paths · latest Feb 12, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 24 | +0.1% | -1.4% to +1.2% | 50% | -1.0% to +0.9% | 0.0% |
| Day +2 | 24 | +1.3% | -1.9% to +2.9% | 67% | -1.5% to +1.7% | 0.0% |
| Day +3 | 24 | +0.5% | -1.3% to +2.8% | 58% | -0.8% to +2.2% | 0.0% |
| Day +4 | 24 | +1.0% | -1.2% to +2.6% | 54% | -0.7% to +2.5% | 0.0% |
| Day +5 | 24 | +1.9% | -2.7% to +3.9% | 58% | -2.1% to +3.0% | 0.0% |
| Day +6 | 24 | +1.5% | -1.9% to +3.6% | 63% | -1.3% to +2.7% | 0.0% |
| Day +7 | 24 | +0.9% | -0.5% to +6.2% | 67% | -0.2% to +5.9% | 0.0% |
| Day +8 | 24 | +1.2% | -2.2% to +7.3% | 54% | -1.8% to +6.4% | 0.0% |
| Day +9 | 24 | +1.0% | -3.5% to +7.4% | 54% | -2.3% to +4.8% | 0.0% |
| Day +10 | 24 | +0.9% | -3.2% to +5.6% | 58% | -1.6% to +5.6% | 0.0% |
Crosses above gamma max 24 completed Day +10 paths · latest Feb 11, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 24 | +0.0% | -0.5% to +1.1% | 54% | -0.4% to +1.0% | 0.0% |
| Day +2 | 24 | +0.1% | -3.7% to +1.7% | 50% | -1.5% to +1.0% | 0.0% |
| Day +3 | 24 | +1.2% | -2.1% to +2.7% | 63% | -2.0% to +2.6% | 0.0% |
| Day +4 | 24 | +0.8% | -1.5% to +3.4% | 58% | -0.7% to +2.4% | 0.0% |
| Day +5 | 24 | +0.6% | -1.3% to +3.9% | 50% | -1.1% to +3.4% | 0.0% |
| Day +6 | 24 | +2.1% | -2.8% to +5.3% | 58% | -2.3% to +5.2% | 0.0% |
| Day +7 | 24 | +2.5% | -3.1% to +6.0% | 67% | -0.3% to +4.3% | 0.0% |
| Day +8 | 24 | +2.0% | -0.8% to +6.7% | 71% | +0.5% to +3.6% | +0.5% |
| Day +9 | 24 | +1.4% | -2.1% to +7.1% | 63% | -1.2% to +5.7% | 0.0% |
| Day +10 | 24 | +2.5% | -3.3% to +5.9% | 54% | -3.2% to +5.5% | 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 | 14 |
| Delta neutral crosses | 0 |
| Prior-year sessions closer to gamma max | 62.7% of 252 |
| Prior-year sessions closer to delta neutral | 55.2% of 252 |
| Open interest percentile (1y) | 40th |
| Daily open interest change versus prior year | -0.15σ (-8,711 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +5.7% |
| Open interest change, 21 sessions | -3.5% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 149.93 vs 158.68 (-5.8%)
- closed above gamma max at 155.56 vs 154.22 (+0.9%)
- closed below gamma max at 151.21 vs 151.40 (-0.1%)
- closed above gamma max at 149.05 vs 148.08 (+0.7%)
- closed below gamma max at 146.08 vs 147.89 (-1.2%)
- closed above gamma max at 143.73 vs 142.32 (+1.0%)
- closed below gamma max at 138.40 vs 141.75 (-2.4%)
- closed above gamma max at 140.51 vs 140.20 (+0.2%)
- closed below gamma max at 134.97 vs 135.75 (-0.6%)
- closed above gamma max at 133.61 vs 132.80 (+0.6%)
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/XOM
Questions people ask about XOM
Where is XOM's gamma max today?
As of Oct 2, 2026, the gamma max for XOM is 173.52, +5.7% from the 164.13 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 XOM above or below its delta neutral price?
XOM closed above delta neutral: 164.13 against a delta neutral price of 149.14. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does XOM have?
1,019,026 contracts of open interest across 768 listed contracts on Oct 2, 2026, -0.8% 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.