Data through close

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

As of close · rank #402 by open interest · 1,404 sessions of history since Dec 1, 2020

DDOG's nearest-expiration max pain is 275.00 for 2026-10-23, its GEX flip is 241.73, net GEX is 390,572, its put/call open-interest ratio is 0.94. These are whole-chain derived aggregates as of Oct 16, 2026 close.

DDOG 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
275.00
+11.3% from close
Expiry: 2026-10-23
GEX flip
241.73
-2.2% from close
Net GEX
390,572
201,314 per 100k OI
Call wall
300.00
+21.4% from close
Put wall
230.00
-6.9% from close
Put/call OI
0.94
93,960 puts / 100,051 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
247.11
prev 266.25
Gamma max
300.63
+21.7% from close
Delta neutral
224.95
-9.0% from close
Gamma neutral
241.73
-2.2% from close
Open interest
194,011
-16.5% vs prev
Contracts listed
1,004
639 calls · 607 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
61.0
cross-sectional score / 100
Directional score
-20.5
relatively bearish positioning
IV rank
100.0
within trailing 52-week range
Front IV premium
3.1 pp
front minus back volatility difference
25Δ risk reversal
4.6 pp
put IV minus call IV
IV butterfly
-4.4 pp
front-window smile convexity
Volume / open interest
0.09
21,387 contracts traded
Normalized net delta
0.147
option-holder convention
Modeled dealer delta
-0.144
opposite-side scenario
Vanna / 100k OI
1,130
volatility-sensitive delta
Charm / 100k OI
1,789,571
time-decay-sensitive delta
IV surface range
88.3 pp
aggregate volatility dispersion

Strongest relative signals: IV rank 100 · volume/OI 0.09

Download the dated aggregate analysis JSON .

DDOG closed 21.7% below its gamma max of 300.63. It is 9.0% above the delta neutral price of 224.95. Total open interest is 194,011, -16.5% versus the previous session. Its options catalyst-intensity score is 61.0 out of 100, led by IV rank 100, volume/OI 0.09. 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.

DDOG call and put open interest changes
Measure Value
Call OI change, 1 session -19,132 contracts · -16.1%
Put OI change, 1 session -19,102 contracts · -16.9%
Call minus put OI growth, 1 session +0.8 pp
Call OI change, 5 sessions -13,877 contracts · -12.2%
Put OI change, 5 sessions -10,662 contracts · -10.2%
Call minus put OI growth, 5 sessions -2.0 pp
Daily call OI change surprise -1.81σ (252 prior changes)
Daily put OI change surprise -1.72σ (252 prior changes)
Daily call-minus-put growth surprise +0.27σ (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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Swipe chart sideways to see the full range.

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 25 completed Day +10 paths · latest May 29, 2026
DDOG 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. -18.0% -9.0% 0% +9.0% +18.0% Cross on Dec 17, 2020 Cross on Jun 17, 2021 Cross on Aug 5, 2021 Cross on Sep 16, 2021 Cross on Oct 13, 2021 Cross on Oct 22, 2021 Cross on Oct 29, 2021 Cross on Nov 5, 2021 Cross on Feb 2, 2023 Cross on Jul 13, 2023 Cross on Nov 14, 2023 Cross on Nov 29, 2023 Cross on Dec 14, 2023 Cross on Dec 18, 2023 Cross on Jan 17, 2024 Cross on Feb 2, 2024 Cross on Oct 10, 2024 Cross on Nov 21, 2024 Cross on Dec 4, 2024 Cross on Jun 18, 2025 Cross on Jun 23, 2025 Cross on Jul 2, 2025 Cross on Aug 28, 2025 Cross on May 7, 2026 Cross on May 29, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
DDOG historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 25 -0.4% -1.1% to +1.5% 40% -0.9% to +1.0% 0.0%
Day +2 25 +0.6% -1.3% to +3.3% 56% -1.3% to +2.2% 0.0%
Day +3 25 +1.0% -2.6% to +2.2% 64% -2.5% to +1.7% 0.0%
Day +4 25 +0.2% -1.5% to +2.6% 52% -1.2% to +2.5% 0.0%
Day +5 25 +0.8% -2.2% to +2.9% 64% -2.0% to +2.7% 0.0%
Day +6 25 +1.6% -1.5% to +2.9% 68% -1.4% to +2.3% 0.0%
Day +7 25 +1.5% -2.0% to +4.1% 60% -1.7% to +3.5% 0.0%
Day +8 25 +1.8% -1.6% to +4.1% 64% -1.5% to +3.7% 0.0%
Day +9 25 +2.0% -1.8% to +3.8% 64% -1.7% to +3.2% 0.0%
Day +10 25 +0.5% -3.4% to +7.0% 56% -3.2% to +6.0% 0.0%
Crosses below gamma max 24 completed Day +10 paths · latest May 11, 2026
DDOG 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. -18.0% -9.0% 0% +9.0% +18.0% Cross on Dec 18, 2020 Cross on Jun 18, 2021 Cross on Sep 17, 2021 Cross on Oct 14, 2021 Cross on Oct 27, 2021 Cross on Nov 1, 2021 Cross on Nov 10, 2021 Cross on Jul 18, 2023 Cross on Nov 8, 2023 Cross on Nov 15, 2023 Cross on Nov 30, 2023 Cross on Dec 15, 2023 Cross on Dec 19, 2023 Cross on Jan 23, 2024 Cross on Feb 5, 2024 Cross on Oct 11, 2024 Cross on Nov 25, 2024 Cross on Dec 9, 2024 Cross on Jun 20, 2025 Cross on Jul 1, 2025 Cross on Jul 7, 2025 Cross on Aug 29, 2025 Cross on Nov 11, 2025 Cross on May 11, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
DDOG historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 24 -0.6% -1.5% to +0.8% 38% -1.4% to +0.5% 0.0%
Day +2 24 +0.1% -2.9% to +2.3% 54% -2.3% to +1.7% 0.0%
Day +3 24 +0.3% -2.8% to +2.4% 58% -2.5% to +2.1% 0.0%
Day +4 24 +1.6% -2.0% to +3.1% 54% -1.3% to +2.9% 0.0%
Day +5 24 +1.1% -1.3% to +3.5% 58% -1.0% to +2.9% 0.0%
Day +6 24 +0.9% -2.7% to +5.5% 63% -2.4% to +3.9% 0.0%
Day +7 24 +1.9% -3.9% to +3.9% 58% -1.6% to +3.8% 0.0%
Day +8 24 +0.7% -4.7% to +6.1% 58% -3.5% to +4.9% 0.0%
Day +9 24 +0.9% -4.6% to +6.3% 54% -1.2% to +2.9% 0.0%
Day +10 24 +1.0% -4.5% to +5.6% 58% -2.7% to +5.0% 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

DDOG trailing historical statistics
Sessions closed above gamma max 3%
Gamma max crosses 6
Delta neutral crosses 14
Prior-year sessions closer to gamma max 80.2% of 252
Prior-year sessions closer to delta neutral 49.6% of 252
Open interest percentile (1y) 0th
Daily open interest change versus prior year -1.81σ (-38,234 contracts; 252 prior changes)
Open interest change, 5 sessions -11.2%
Open interest change, 21 sessions -29.4%
History available Dec 1, 2020 → Oct 16, 2026

Recent crosses

  1. closed above delta neutral at 233.93 vs 219.04 (+6.4%)
  2. closed below delta neutral at 229.29 vs 229.76 (-0.2%)
  3. closed below gamma max at 269.16 vs 299.76 (-11.4%)
  4. closed above gamma max at 247.35 vs 244.67 (+1.1%)
  5. closed below gamma max at 201.96 vs 206.47 (-2.2%)
  6. closed above gamma max at 188.49 vs 171.08 (+9.2%)
  7. closed above delta neutral at 121.06 vs 117.80 (+2.7%)
  8. closed below delta neutral at 114.48 vs 122.14 (-6.7%)
  9. closed above delta neutral at 124.30 vs 123.79 (+0.4%)
  10. closed below delta neutral at 122.57 vs 123.35 (-0.6%)

In today's screens

Neighbours by open interest

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

Questions people ask about DDOG

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

As of Oct 16, 2026 close, nearest-expiration max pain is 275.00 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 DDOG's gamma exposure and gamma flip show?

Signed net GEX is 390,572 as of Oct 16, 2026 close. The confirmed GEX flip is 241.73. 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 DDOG's gamma max today?

As of Oct 16, 2026, the gamma max for DDOG is 300.63, +21.7% from the 247.11 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 DDOG above or below its delta neutral price?

DDOG closed above delta neutral: 247.11 against a delta neutral price of 224.95. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does DDOG have?

194,011 contracts of open interest across 1,004 listed contracts on Oct 16, 2026, -16.5% 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.