XRX max pain, gamma exposure (GEX) & options open interest
As of close · rank #585 by open interest · 1,392 sessions of history since Dec 1, 2020
XRX's nearest-expiration max pain is 3.00 for 2026-10-16, its GEX flip is 1.07, net GEX is 1,654,226, its put/call open-interest ratio is 1.00. 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 16.5 pp · 14d expected move +16.2% · 25Δ risk reversal -118.4 pp
XRX closed 0.2% above its gamma max of 3.01. It is 38.0% above the delta neutral price of 1.87. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 117,505, -0.0% versus the previous session. Its options catalyst-intensity score is 67.4 out of 100, led by front IV premium 16.5 pp, 14d expected move +16.2%, 25Δ risk reversal -118.4 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 | +22 contracts · +0.0% |
| Put OI change, 1 session | -77 contracts · -0.1% |
| Call minus put OI growth, 1 session | +0.2 pp |
| Call OI change, 5 sessions | +870 contracts · +1.5% |
| Put OI change, 5 sessions | +8,706 contracts · +17.4% |
| Call minus put OI growth, 5 sessions | -15.9 pp |
| Daily call OI change surprise | +0.00σ (250 prior changes) |
| Daily put OI change surprise | +0.02σ (250 prior changes) |
| Daily call-minus-put growth surprise | -0.02σ (250 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 above gamma max 10 completed Day +10 paths · latest Sep 10, 2026 fresh cross
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 10 | -0.0% | -1.6% to +2.5% | 50% | -2.9% to +3.2% | 0.0% |
| Day +2 | 10 | -0.4% | -2.8% to +2.6% | 40% | -4.8% to +4.4% | 0.0% |
| Day +3 | 10 | +3.6% | -2.6% to +6.7% | 60% | -3.4% to +7.6% | 0.0% |
| Day +4 | 10 | +2.0% | -3.3% to +3.3% | 70% | -6.9% to +5.3% | 0.0% |
| Day +5 | 10 | +1.6% | -6.5% to +7.2% | 50% | -9.2% to +9.0% | 0.0% |
| Day +6 | 10 | +1.0% | -5.3% to +7.2% | 60% | -7.7% to +8.1% | 0.0% |
| Day +7 | 10 | +0.7% | -6.9% to +7.7% | 50% | -12.2% to +13.1% | 0.0% |
| Day +8 | 10 | +0.3% | -6.8% to +6.3% | 50% | -12.6% to +9.5% | 0.0% |
| Day +9 | 10 | -0.7% | -6.8% to +8.1% | 50% | -9.2% to +9.5% | 0.0% |
| Day +10 | 10 | +0.5% | -6.3% to +8.0% | 50% | -7.2% to +10.1% | 0.0% |
Crosses below gamma max 10 completed Day +10 paths · latest Sep 15, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 10 | -0.6% | -1.6% to +0.5% | 50% | -3.1% to +1.0% | 0.0% |
| Day +2 | 10 | +0.8% | -1.7% to +2.4% | 60% | -2.7% to +4.6% | 0.0% |
| Day +3 | 10 | +0.2% | -3.9% to +2.2% | 50% | -4.8% to +4.7% | 0.0% |
| Day +4 | 10 | -2.7% | -6.2% to +2.4% | 40% | -9.2% to +7.8% | 0.0% |
| Day +5 | 10 | -0.1% | -3.3% to +3.4% | 50% | -4.7% to +3.8% | 0.0% |
| Day +6 | 10 | -1.6% | -5.4% to +1.8% | 40% | -7.6% to +2.3% | 0.0% |
| Day +7 | 10 | -3.3% | -5.8% to +0.4% | 40% | -9.2% to +1.1% | 0.0% |
| Day +8 | 10 | -5.0% | -6.2% to -3.2% | 10% | -6.5% to -1.8% | -1.8% |
| Day +9 | 10 | -4.6% | -5.8% to -1.8% | 10% | -6.3% to -0.7% | -0.7% |
| Day +10 | 10 | -5.5% | -7.2% to -1.5% | 10% | -10.9% to -0.3% | -0.3% |
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 | 11% |
| Gamma max crosses | 19 |
| Delta neutral crosses | 3 |
| Prior-year sessions closer to gamma max | 0.4% of 250 |
| Prior-year sessions closer to delta neutral | 38.8% of 250 |
| Open interest percentile (1y) | 54th |
| Daily open interest change versus prior year | +0.01σ (-55 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +8.9% |
| Open interest change, 21 sessions | +10.8% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above gamma max at 3.02 vs 3.01 (+0.2%)
- closed below gamma max at 3.46 vs 3.71 (-7.3%)
- closed above gamma max at 3.31 vs 3.13 (+5.5%)
- closed below gamma max at 3.43 vs 3.95 (-15.2%)
- closed above gamma max at 3.17 vs 3.15 (+0.8%)
- closed below gamma max at 3.14 vs 3.20 (-2.1%)
- closed above gamma max at 3.20 vs 3.09 (+3.5%)
- closed below gamma max at 3.18 vs 3.58 (-12.7%)
- closed above gamma max at 3.16 vs 3.15 (+0.2%)
- closed below gamma max at 3.14 vs 3.26 (-3.9%)
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/XRX
Questions people ask about XRX
Where is XRX's gamma max today?
As of Oct 2, 2026, the gamma max for XRX is 3.01, -0.2% from the 3.02 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 XRX above or below its delta neutral price?
XRX closed above delta neutral: 3.02 against a delta neutral price of 1.87. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does XRX have?
117,505 contracts of open interest across 75 listed contracts on Oct 2, 2026, -0.0% 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.