Data through close

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

As of close · rank #327 by open interest · 1,404 sessions of history since Dec 1, 2020

ABBV's nearest-expiration max pain is 277.50 for 2026-10-23, its GEX flip is 243.61, net GEX is 24,297,498, its put/call open-interest ratio is 0.83. These are whole-chain derived aggregates as of Oct 16, 2026 close.

ABBV 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
277.50
-2.8% from close
Expiry: 2026-10-23
GEX flip
243.61
-14.6% from close
Net GEX
24,297,498
9,443,109 per 100k OI
Call wall
300.00
+5.1% from close
Put wall
240.00
-15.9% from close
Put/call OI
0.83
116,654 puts / 140,650 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
285.42
prev 283.29
Gamma max
288.19
+1.0% from close
Delta neutral
247.02
-13.5% from close
Gamma neutral
243.61
-14.6% from close
Open interest
257,304
-7.9% vs prev
Contracts listed
690
398 calls · 424 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
38.7
cross-sectional score / 100
Directional score
-5.9
mixed positioning
IV rank
94.2
within trailing 52-week range
Front IV premium
0.0 pp
front minus back volatility difference
25Δ risk reversal
0.4 pp
put IV minus call IV
IV butterfly
-0.1 pp
front-window smile convexity
Volume / open interest
0.04
10,186 contracts traded
Normalized net delta
0.273
option-holder convention
Modeled dealer delta
-0.269
opposite-side scenario
Vanna / 100k OI
1,206
volatility-sensitive delta
Charm / 100k OI
-2,329,642
time-decay-sensitive delta
IV surface range
123.9 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

ABBV closed 1.0% below its gamma max of 288.19. It is 13.5% above the delta neutral price of 247.02. Total open interest is 257,304, -7.9% versus the previous session. Its options catalyst-intensity score is 38.7 out of 100. 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.

ABBV call and put open interest changes
Measure Value
Call OI change, 1 session -4,854 contracts · -3.3%
Put OI change, 1 session -17,157 contracts · -12.8%
Call minus put OI growth, 1 session +9.5 pp
Call OI change, 5 sessions -9,357 contracts · -6.2%
Put OI change, 5 sessions -9,461 contracts · -7.5%
Call minus put OI growth, 5 sessions +1.3 pp
Daily call OI change surprise -0.57σ (252 prior changes)
Daily put OI change surprise -2.66σ (252 prior changes)
Daily call-minus-put growth surprise +4.15σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
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

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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 32 completed Day +10 paths · latest Jul 7, 2026
ABBV returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -6.0% -3.0% 0% +3.0% +6.0% Cross on Dec 7, 2020 Cross on Dec 10, 2020 Cross on Jan 14, 2021 Cross on Jan 21, 2021 Cross on May 19, 2021 Cross on May 21, 2021 Cross on Dec 17, 2021 Cross on Dec 28, 2021 Cross on Jan 5, 2022 Cross on Jan 12, 2022 Cross on Feb 9, 2022 Cross on Feb 17, 2022 Cross on Mar 18, 2022 Cross on Apr 13, 2022 Cross on Jul 28, 2023 Cross on Jan 24, 2024 Cross on Feb 13, 2024 Cross on Feb 20, 2024 Cross on Feb 27, 2024 Cross on Nov 1, 2024 Cross on Nov 29, 2024 Cross on Feb 21, 2025 Cross on Mar 4, 2025 Cross on Mar 11, 2025 Cross on Sep 15, 2025 Cross on Sep 19, 2025 Cross on Oct 2, 2025 Cross on Oct 6, 2025 Cross on Nov 13, 2025 Cross on Nov 20, 2025 Cross on Jun 30, 2026 Cross on Jul 7, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
ABBV historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 32 -0.3% -0.7% to +0.8% 44% -0.6% to +0.6% 0.0%
Day +2 32 +0.2% -0.9% to +0.6% 59% -0.8% to +0.5% 0.0%
Day +3 32 +0.0% -1.1% to +1.1% 50% -0.9% to +0.8% 0.0%
Day +4 32 +0.2% -1.5% to +0.9% 53% -1.2% to +0.7% 0.0%
Day +5 32 -0.1% -2.0% to +1.1% 50% -1.2% to +0.6% 0.0%
Day +6 32 -0.5% -2.8% to +1.7% 44% -2.5% to +1.2% 0.0%
Day +7 32 -0.8% -2.3% to +1.3% 41% -1.7% to +0.6% 0.0%
Day +8 32 -0.2% -3.1% to +1.8% 41% -1.7% to +0.7% 0.0%
Day +9 32 -0.4% -2.9% to +2.0% 47% -2.1% to +1.4% 0.0%
Day +10 32 +0.1% -2.7% to +2.3% 50% -2.1% to +1.9% 0.0%
Crosses above gamma max 32 completed Day +10 paths · latest Jul 2, 2026
ABBV returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -8.0% -4.0% 0% +4.0% +8.0% Cross on Dec 4, 2020 Cross on Dec 9, 2020 Cross on Jan 13, 2021 Cross on Jan 20, 2021 Cross on May 14, 2021 Cross on May 20, 2021 Cross on Dec 10, 2021 Cross on Dec 23, 2021 Cross on Dec 31, 2021 Cross on Jan 7, 2022 Cross on Feb 7, 2022 Cross on Feb 15, 2022 Cross on Mar 15, 2022 Cross on Apr 6, 2022 Cross on Jul 27, 2023 Cross on Jan 23, 2024 Cross on Feb 5, 2024 Cross on Feb 15, 2024 Cross on Feb 23, 2024 Cross on Oct 31, 2024 Cross on Nov 26, 2024 Cross on Feb 20, 2025 Cross on Feb 28, 2025 Cross on Mar 10, 2025 Cross on Sep 11, 2025 Cross on Sep 17, 2025 Cross on Sep 30, 2025 Cross on Oct 3, 2025 Cross on Nov 12, 2025 Cross on Nov 17, 2025 Cross on Jun 26, 2026 Cross on Jul 2, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
ABBV historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 32 +0.4% -0.8% to +1.0% 59% -0.4% to +0.8% 0.0%
Day +2 32 +0.0% -1.1% to +1.0% 50% -0.5% to +0.7% 0.0%
Day +3 32 -0.1% -1.3% to +1.1% 47% -0.8% to +0.5% 0.0%
Day +4 32 +0.2% -1.2% to +0.8% 56% -0.9% to +0.6% 0.0%
Day +5 32 -0.2% -1.6% to +0.9% 47% -1.1% to +0.7% 0.0%
Day +6 32 -0.7% -1.9% to +1.2% 41% -1.5% to +1.0% 0.0%
Day +7 32 +0.1% -2.7% to +1.4% 53% -2.0% to +1.2% 0.0%
Day +8 32 -0.6% -2.8% to +1.5% 47% -2.5% to +1.1% 0.0%
Day +9 32 -1.0% -3.0% to +1.4% 38% -2.7% to +1.2% 0.0%
Day +10 32 -1.3% -3.5% to +1.8% 44% -2.6% to +1.3% 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

ABBV trailing historical statistics
Sessions closed above gamma max 3%
Gamma max crosses 8
Delta neutral crosses 10
Prior-year sessions closer to gamma max 7.1% of 252
Prior-year sessions closer to delta neutral 98.4% of 252
Open interest percentile (1y) 47th
Daily open interest change versus prior year -1.52σ (-22,011 contracts; 252 prior changes)
Open interest change, 5 sessions -6.8%
Open interest change, 21 sessions -13.5%
History available Dec 1, 2020 → Oct 16, 2026

Recent crosses

  1. closed below gamma max at 254.93 vs 256.02 (-0.4%)
  2. closed above gamma max at 261.07 vs 250.62 (+4.0%)
  3. closed below gamma max at 251.64 vs 254.02 (-0.9%)
  4. closed above gamma max at 251.83 vs 251.02 (+0.3%)
  5. closed above delta neutral at 207.86 vs 207.27 (+0.3%)
  6. closed below delta neutral at 206.15 vs 206.29 (-0.1%)
  7. closed above delta neutral at 208.16 vs 208.03 (+0.1%)
  8. closed below delta neutral at 206.60 vs 207.72 (-0.5%)
  9. closed above delta neutral at 211.32 vs 206.29 (+2.4%)
  10. closed below delta neutral at 207.94 vs 212.31 (-2.1%)

In today's screens

Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/ABBV

Questions people ask about ABBV

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

As of Oct 16, 2026 close, nearest-expiration max pain is 277.50 for the 2026-10-23 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 ABBV's gamma exposure and gamma flip show?

Signed net GEX is 24,297,498 as of Oct 16, 2026 close. The confirmed GEX flip is 243.61. 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 ABBV's gamma max today?

As of Oct 16, 2026, the gamma max for ABBV is 288.19, +1.0% from the 285.42 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 ABBV above or below its delta neutral price?

ABBV closed above delta neutral: 285.42 against a delta neutral price of 247.02. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ABBV have?

257,304 contracts of open interest across 690 listed contracts on Oct 16, 2026, -7.9% 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.