XPEV max pain, gamma exposure (GEX) & options open interest
As of close · rank #228 by open interest · 1,393 sessions of history since Dec 1, 2020
XPEV's nearest-expiration max pain is 9.50 for 2026-10-09, its GEX flip is 6.94, net GEX is 10,562,682, its put/call open-interest ratio is 0.27. 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: 25Δ risk reversal -210.3 pp
XPEV closed 28.8% below its gamma max of 11.91. It is 2.3% below the delta neutral price of 9.46. Total open interest is 442,866, -1.5% versus the previous session. Its options catalyst-intensity score is 52.1 out of 100, led by 25Δ risk reversal -210.3 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 | -6,428 contracts · -1.8% |
| Put OI change, 1 session | -413 contracts · -0.4% |
| Call minus put OI growth, 1 session | -1.4 pp |
| Call OI change, 5 sessions | +25,619 contracts · +7.9% |
| Put OI change, 5 sessions | -23 contracts · -0.0% |
| Call minus put OI growth, 5 sessions | +8.0 pp |
| Daily call OI change surprise | -0.24σ (252 prior changes) |
| Daily put OI change surprise | -0.01σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.54σ (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 27 completed Day +10 paths · latest Jul 20, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 27 | +0.5% | -2.5% to +3.4% | 56% | -2.3% to +2.7% | 0.0% |
| Day +2 | 27 | -1.6% | -6.4% to +5.8% | 44% | -4.0% to +3.5% | 0.0% |
| Day +3 | 27 | -0.8% | -6.0% to +4.2% | 44% | -5.0% to +3.9% | 0.0% |
| Day +4 | 27 | -4.8% | -8.5% to +4.2% | 37% | -6.9% to +2.9% | 0.0% |
| Day +5 | 27 | -3.8% | -9.6% to +2.7% | 33% | -8.4% to +1.7% | 0.0% |
| Day +6 | 27 | -3.5% | -9.6% to +3.9% | 33% | -9.4% to +2.9% | 0.0% |
| Day +7 | 27 | -3.9% | -9.3% to +5.1% | 37% | -8.7% to +3.5% | 0.0% |
| Day +8 | 27 | -1.5% | -12.6% to +5.1% | 44% | -11.9% to +4.0% | 0.0% |
| Day +9 | 27 | -4.8% | -10.6% to +6.9% | 37% | -9.7% to +3.9% | 0.0% |
| Day +10 | 27 | -6.1% | -9.9% to +12.3% | 33% | -9.4% to +6.4% | 0.0% |
Crosses above gamma max 29 completed Day +10 paths · latest Jul 17, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 29 | +0.4% | -3.3% to +2.6% | 52% | -2.9% to +1.9% | 0.0% |
| Day +2 | 29 | +0.9% | -3.5% to +5.1% | 55% | -2.8% to +4.4% | 0.0% |
| Day +3 | 29 | +0.4% | -3.9% to +5.9% | 52% | -2.1% to +2.4% | 0.0% |
| Day +4 | 29 | -1.5% | -6.0% to +3.0% | 45% | -5.8% to +1.7% | 0.0% |
| Day +5 | 29 | -0.9% | -11.2% to +3.9% | 41% | -8.9% to +0.7% | 0.0% |
| Day +6 | 29 | -2.5% | -9.6% to +1.6% | 38% | -8.3% to +0.4% | 0.0% |
| Day +7 | 29 | -3.4% | -8.5% to +3.8% | 38% | -6.8% to +1.0% | 0.0% |
| Day +8 | 29 | -2.7% | -11.9% to +2.5% | 34% | -7.8% to +1.5% | 0.0% |
| Day +9 | 29 | -4.1% | -11.4% to +7.5% | 38% | -8.9% to +4.6% | 0.0% |
| Day +10 | 29 | -4.9% | -12.9% to +9.0% | 41% | -11.9% to +6.3% | 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 | 4% |
| Gamma max crosses | 10 |
| Delta neutral crosses | 23 |
| Prior-year sessions closer to gamma max | 94.0% of 252 |
| Prior-year sessions closer to delta neutral | 18.3% of 252 |
| Open interest percentile (1y) | 16th |
| Daily open interest change versus prior year | -0.17σ (-6,841 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +6.1% |
| Open interest change, 21 sessions | -22.7% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 9.95 vs 10.11 (-1.7%)
- closed above delta neutral at 10.12 vs 9.99 (+1.2%)
- closed below delta neutral at 10.25 vs 10.26 (-0.1%)
- closed above delta neutral at 10.62 vs 10.52 (+1.0%)
- closed below delta neutral at 11.15 vs 11.52 (-3.3%)
- closed below gamma max at 13.18 vs 13.29 (-0.9%)
- closed above gamma max at 13.53 vs 13.13 (+3.0%)
- closed below gamma max at 14.05 vs 14.14 (-0.6%)
- closed above gamma max at 13.37 vs 13.03 (+2.5%)
- closed below gamma max at 12.95 vs 13.04 (-0.7%)
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/XPEV
Questions people ask about XPEV
Where is XPEV's gamma max today?
As of Oct 2, 2026, the gamma max for XPEV is 11.91, +28.8% from the 9.25 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 XPEV above or below its delta neutral price?
XPEV closed below delta neutral: 9.25 against a delta neutral price of 9.46. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does XPEV have?
442,866 contracts of open interest across 248 listed contracts on Oct 2, 2026, -1.5% 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.