Data through close

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

As of close · rank #2762 by open interest · snapshot page

AAAU's nearest-expiration max pain is 41.00 for 2026-11-20, net GEX is 512,001, its put/call open-interest ratio is 0.07. These are whole-chain derived aggregates as of Oct 16, 2026 close.

AAAU max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
41.00
-0.2% from close
Expiry: 2026-11-20
GEX flip
–
Net GEX
512,001
16,217,966 per 100k OI
Call wall
45.00
+9.6% from close
Put wall
40.00
-2.6% from close
Put/call OI
0.07
220 puts / 2,937 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
41.07
prev 41.15
Gamma max
44.22
+7.7% from close
Delta neutral
35.15
-14.4% from close
Gamma neutral
41.07
0.0% from close
Open interest
3,157
-8.2% vs prev
Contracts listed
70
48 calls · 24 puts

Advanced options analysis

Public aggregate 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
92.4
within trailing 52-week range
Front IV premium
0.0 pp
front minus back volatility difference
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
-3.5 pp
front-window smile convexity
Volume / open interest
0.02
54 contracts traded
Normalized net delta
0.210
option-holder convention
Modeled dealer delta
-0.208
opposite-side scenario
Vanna / 100k OI
4,014
volatility-sensitive delta
Charm / 100k OI
-27,288
time-decay-sensitive delta
IV surface range
48.1 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

AAAU closed 7.7% below its gamma max of 44.22. It is 14.4% above the delta neutral price of 35.15. Total open interest is 3,157, -8.2% 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

Daily ticker aggregates through 2026-10-16. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

Chart loads when this section is in view.

Swipe chart sideways to see the full range.

In today's screens

Neighbours by open interest

Questions people ask about AAAU

What is AAAU's max pain for the nearest expiration?

As of Oct 16, 2026 close, nearest-expiration max pain is 41.00 for the 2026-11-20 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do AAAU's gamma exposure and gamma flip show?

Signed net GEX is 512,001 as of Oct 16, 2026 close. No confirmed GEX flip is available; this does not imply a zero exposure level. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is AAAU's gamma max today?

As of Oct 16, 2026, the gamma max for AAAU is 44.22, +7.7% from the 41.07 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 AAAU above or below its delta neutral price?

AAAU closed above delta neutral: 41.07 against a delta neutral price of 35.15. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does AAAU have?

3,157 contracts of open interest across 70 listed contracts on Oct 16, 2026, -8.2% 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.