Data through close

Charm exposure extremes

Which liquid chains had the largest positive and negative time-decay-sensitive delta exposure on Oct 16, 2026?

Modeled net charm normalized to 100,000 open contracts. The 25 most positive observations appear first, followed by the 25 most negative; values are scenario estimates rather than observed hedge orders. Data through close. Descriptive only, not a recommendation.

At a glance

50 tickers qualified. First five: SPXW (75,116,582), NDX (70,667,866), RUT (24,184,729), STX (17,555,644), SMH (16,568,415).

Charm exposure extremes as of Oct 16, 2026 close
# Ticker Close Open interest Charm per 100k OI
1 SPXW 7,650.84 5,101,278 75,116,582
2 NDX 29,187.55 169,618 70,667,866
3 RUT 2,721.37 707,213 24,184,729
4 STX 639.01 286,515 17,555,644
5 SMH 539.79 1,492,950 16,568,415
6 SNDK 1,299.30 885,944 15,722,172
7 LITE 824.13 246,020 11,590,074
8 QQQ 709.80 11,535,437 10,719,340
9 MU 878.84 3,062,921 10,293,757
10 SOXX 493.39 496,974 8,717,610
11 XSP 765.94 777,520 8,559,269
12 AMD 528.75 3,042,691 8,438,292
13 CAT 730.76 221,789 8,013,721
14 COHR 232.90 257,074 7,116,603
15 META 709.33 2,842,417 6,437,260
16 SOXL 93.67 1,499,354 6,270,434
17 DOCN 98.69 112,594 6,197,821
18 CLS 303.81 125,560 6,074,298
19 DELL 451.54 637,025 6,057,885
20 CBRS 127.21 247,678 6,009,370
21 BE 221.31 884,042 5,857,045
22 GEV 921.20 205,916 5,849,868
23 VRT 206.42 469,201 5,115,016
24 WDC 332.00 502,274 4,560,299
25 SPY 763.25 16,218,861 4,123,683
26 SPOT 530.46 103,289 -17,537,899
27 LLY 1,257.03 301,298 -10,462,734
28 SOXS 49.23 177,256 -4,747,847
29 VIX 20.06 15,363,220 -4,565,002
30 CORN 18.19 131,579 -4,316,926
31 COST 989.11 260,186 -3,414,996
32 ISRG 426.70 107,763 -3,412,393
33 TXN 276.48 194,947 -3,167,728
34 CVX 225.00 459,244 -2,833,178
35 AMGN 432.49 106,559 -2,417,613
36 KR 63.63 118,098 -2,415,078
37 ABBV 285.42 257,304 -2,329,642
38 RCL 277.67 101,643 -2,309,150
39 PM 205.20 134,425 -2,288,056
40 TEAM 207.82 141,345 -2,186,407
41 BRK.B 532.14 493,979 -2,161,458
42 V 402.61 363,594 -2,128,365
43 HD 309.63 267,546 -2,082,222
44 LEN 77.08 105,748 -2,063,647
45 UVXY 18.50 231,014 -1,944,167
46 UNH 401.43 826,326 -1,627,578
47 USO 161.76 1,348,119 -1,624,336
48 ACN 229.68 232,246 -1,619,889
49 GILD 156.19 168,495 -1,617,254
50 RTX 193.92 177,670 -1,585,800

Screens describe what the data shows after the close. They are not trade recommendations; see the disclaimer and the methodology.