Data through close

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

As of close · rank #383 by open interest · 563 sessions of history since Apr 8, 2024

GEV's nearest-expiration max pain is 945.00 for 2026-10-23, its GEX flip is 1,001.97, net GEX is -5,410,423, its put/call open-interest ratio is 1.50. These are whole-chain derived aggregates as of Oct 16, 2026 close.

GEV 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
945.00
+2.6% from close
Expiry: 2026-10-23
GEX flip
1,001.97
+8.8% from close
Net GEX
-5,410,423
-2,627,491 per 100k OI
Call wall
1,000.00
+8.6% from close
Put wall
800.00
-13.2% from close
Put/call OI
1.50
123,443 puts / 82,473 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
921.20
prev 926.44
Gamma max
1,192.26
+29.4% from close
Delta neutral
954.00
+3.6% from close
Gamma neutral
1,001.97
+8.8% from close
Open interest
205,916
-14.8% vs prev
Contracts listed
2,348
1,393 calls · 1,284 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
58.4
cross-sectional score / 100
Directional score
-14.7
mixed positioning
IV rank
100.0
within trailing 52-week range
Front IV premium
4.7 pp
front minus back volatility difference
25Δ risk reversal
0.7 pp
put IV minus call IV
IV butterfly
-0.6 pp
front-window smile convexity
Volume / open interest
0.09
21,177 contracts traded
Normalized net delta
0.012
option-holder convention
Modeled dealer delta
-0.012
opposite-side scenario
Vanna / 100k OI
2,825
volatility-sensitive delta
Charm / 100k OI
5,849,868
time-decay-sensitive delta
IV surface range
128.8 pp
aggregate volatility dispersion

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

Download the dated aggregate analysis JSON .

GEV closed 29.4% below its gamma max of 1,192.26. It is 3.6% below the delta neutral price of 954.00. Total open interest is 205,916, -14.8% versus the previous session. Its options catalyst-intensity score is 58.4 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.

GEV call and put open interest changes
Measure Value
Call OI change, 1 session -17,285 contracts · -17.3%
Put OI change, 1 session -18,379 contracts · -13.0%
Call minus put OI growth, 1 session -4.4 pp
Call OI change, 5 sessions -8,660 contracts · -9.5%
Put OI change, 5 sessions -5,791 contracts · -4.5%
Call minus put OI growth, 5 sessions -5.0 pp
Daily call OI change surprise -2.63σ (252 prior changes)
Daily put OI change surprise -2.31σ (252 prior changes)
Daily call-minus-put growth surprise -1.89σ (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 below gamma max 18 completed Day +10 paths · latest Apr 23, 2026
GEV 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 Apr 24, 2024 Cross on May 7, 2024 Cross on Sep 20, 2024 Cross on Nov 13, 2024 Cross on Dec 9, 2024 Cross on Jan 7, 2025 Cross on Jan 15, 2025 Cross on Jan 17, 2025 Cross on Jan 22, 2025 Cross on Jan 24, 2025 Cross on May 14, 2025 Cross on Jul 18, 2025 Cross on Jul 24, 2025 Cross on Dec 5, 2025 Cross on Dec 11, 2025 Cross on Feb 10, 2026 Cross on Feb 17, 2026 Cross on Apr 23, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
GEV historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 18 -0.4% -1.9% to +2.2% 39% -1.5% to +1.5% 0.0%
Day +2 18 -0.5% -1.4% to +3.6% 44% -1.1% to +3.3% 0.0%
Day +3 18 +1.4% -2.2% to +6.4% 56% -1.6% to +3.2% 0.0%
Day +4 18 +2.8% -2.9% to +4.9% 67% -1.0% to +4.8% 0.0%
Day +5 18 +3.6% -4.6% to +5.6% 67% -1.0% to +5.0% 0.0%
Day +6 18 +4.9% -5.4% to +6.1% 67% -2.1% to +6.0% 0.0%
Day +7 18 +3.8% -6.4% to +7.2% 56% -6.0% to +7.0% 0.0%
Day +8 18 -1.0% -4.7% to +6.3% 44% -4.6% to +5.2% 0.0%
Day +9 18 +4.4% -4.6% to +11.9% 67% -2.7% to +11.2% 0.0%
Day +10 18 +3.2% -4.6% to +10.3% 67% -1.1% to +8.9% 0.0%
Crosses above gamma max 15 completed Day +10 paths · latest Feb 13, 2026
GEV 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 Apr 23, 2024 Cross on May 6, 2024 Cross on Sep 11, 2024 Cross on Nov 5, 2024 Cross on Dec 6, 2024 Cross on Jan 6, 2025 Cross on Jan 14, 2025 Cross on Jan 16, 2025 Cross on Jan 21, 2025 Cross on Jan 23, 2025 Cross on May 13, 2025 Cross on Jul 14, 2025 Cross on Dec 4, 2025 Cross on Feb 9, 2026 Cross on Feb 13, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
GEV historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 15 +0.4% -1.1% to +2.4% 53% -1.1% to +2.7% 0.0%
Day +2 15 +1.1% -1.4% to +4.0% 60% -1.5% to +5.2% 0.0%
Day +3 15 +1.9% -1.0% to +4.5% 60% -1.1% to +5.0% 0.0%
Day +4 15 +3.5% -1.2% to +9.7% 67% -1.2% to +10.7% 0.0%
Day +5 15 +2.9% -1.1% to +5.8% 73% -4.2% to +7.5% 0.0%
Day +6 15 +2.6% -2.3% to +6.2% 60% -2.5% to +6.8% 0.0%
Day +7 15 +4.1% -3.0% to +8.8% 67% -5.2% to +9.2% 0.0%
Day +8 15 +4.4% -9.1% to +9.2% 60% -9.7% to +9.3% 0.0%
Day +9 15 +3.0% -3.9% to +10.5% 53% -4.0% to +12.0% 0.0%
Day +10 15 +9.8% -2.9% to +13.5% 67% -4.6% to +13.8% 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

GEV trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 10
Delta neutral crosses 25
Prior-year sessions closer to gamma max 97.6% of 252
Prior-year sessions closer to delta neutral 37.3% of 252
Open interest percentile (1y) 64th
Daily open interest change versus prior year -2.48σ (-35,664 contracts; 252 prior changes)
Open interest change, 5 sessions -6.6%
Open interest change, 21 sessions -17.3%
History available Apr 8, 2024 → Oct 16, 2026

Recent crosses

  1. closed below delta neutral at 941.78 vs 968.12 (-2.8%)
  2. closed above delta neutral at 946.22 vs 944.18 (+0.2%)
  3. closed below delta neutral at 951.04 vs 956.75 (-0.6%)
  4. closed above delta neutral at 971.31 vs 959.11 (+1.3%)
  5. closed below delta neutral at 987.46 vs 990.89 (-0.3%)
  6. closed above delta neutral at 981.98 vs 979.87 (+0.2%)
  7. closed below delta neutral at 996.57 vs 1,001.82 (-0.5%)
  8. closed above delta neutral at 1,031.19 vs 1,018.14 (+1.3%)
  9. closed below delta neutral at 985.03 vs 1,000.06 (-1.5%)
  10. closed above delta neutral at 940.66 vs 934.39 (+0.7%)

In today's screens

Neighbours by open interest

Cite or embed this snapshot

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

Questions people ask about GEV

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

As of Oct 16, 2026 close, nearest-expiration max pain is 945.00 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 GEV's gamma exposure and gamma flip show?

Signed net GEX is -5,410,423 as of Oct 16, 2026 close. The confirmed GEX flip is 1,001.97. 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 GEV's gamma max today?

As of Oct 16, 2026, the gamma max for GEV is 1,192.26, +29.4% from the 921.20 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 GEV above or below its delta neutral price?

GEV closed below delta neutral: 921.20 against a delta neutral price of 954.00. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does GEV have?

205,916 contracts of open interest across 2,348 listed contracts on Oct 16, 2026, -14.8% 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.