Data through close

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

As of close · rank #655 by open interest · snapshot page

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Z's nearest-expiration max pain is 30.00 for 2026-10-16, its GEX flip is 27.66, net GEX is -244,972, its put/call open-interest ratio is 0.62. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
27.41
prev 27.75
Gamma max
32.58
+18.9% from close
Delta neutral
29.78
+8.7% from close
Gamma neutral
27.66
+0.9% from close
Open interest
95,596
+1.8% vs prev
Contracts listed
340
216 calls · 142 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
30.00
+9.4% from close
2026-10-16
GEX flip
27.66
+0.9% from close
Net GEX
-244,972
-256,257 per 100k OI
Call wall
32.50
+18.6% from close
Put wall
25.00
-8.8% from close
Put/call OI
0.62
36,482 puts / 59,114 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
34.5
within trailing 52-week range
Front / back ATM IV
+61.7% / +69.0%
-7.2 pp front premium
Expected move
+12.1%
14 DTE · one standard deviation
ATM straddle / spot
+9.3%
front-window midpoint premium
25Δ risk reversal
-7.8 pp
put IV minus call IV
IV butterfly
-5.9 pp
front-window smile convexity
Volume / open interest
0.02
1,941 contracts traded
Normalized net delta
-0.071
option-holder convention
Modeled dealer delta
0.071
opposite-side scenario
Vanna / 100k OI
3,822
volatility-sensitive delta
Charm / 100k OI
368,361
time-decay-sensitive delta
IV surface range
37.4 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

Z closed 18.9% below its gamma max of 32.58. It is 8.7% below the delta neutral price of 29.78. Total open interest is 95,596, +1.8% 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

← SO (#654) LW (#656) →

Questions people ask about Z

Where is Z's gamma max today?

As of Oct 2, 2026, the gamma max for Z is 32.58, +18.9% from the 27.41 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 Z above or below its delta neutral price?

Z closed below delta neutral: 27.41 against a delta neutral price of 29.78. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does Z have?

95,596 contracts of open interest across 340 listed contracts on Oct 2, 2026, +1.8% 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.