Data through close

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

As of close · rank #206 by open interest · 1,404 sessions of history since Dec 1, 2020

GFL's nearest-expiration max pain is 41.50 for 2026-10-23, its GEX flip is 26.48, net GEX is 71,562,793, its put/call open-interest ratio is 0.08. These are whole-chain derived aggregates as of Oct 16, 2026 close.

GFL 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
41.50
-5.4% from close
Expiry: 2026-10-23
GEX flip
26.48
-39.6% from close
Net GEX
71,562,793
14,831,421 per 100k OI
Call wall
45.00
+2.6% from close
Put wall
40.00
-8.8% from close
Put/call OI
0.08
36,593 puts / 445,915 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
43.85
prev 43.55
Gamma max
46.25
+5.5% from close
Delta neutral
33.20
-24.3% from close
Gamma neutral
26.48
-39.6% from close
Open interest
482,508
-23.1% vs prev
Contracts listed
123
77 calls · 75 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
45.6
cross-sectional score / 100
Directional score
-0.9
mixed positioning
IV rank
77.9
within trailing 52-week range
Front IV premium
0.2 pp
front minus back volatility difference
25Δ risk reversal
59.4 pp
put IV minus call IV
IV butterfly
-4.5 pp
front-window smile convexity
Volume / open interest
0.04
22,139 contracts traded
Normalized net delta
0.252
option-holder convention
Modeled dealer delta
-0.250
opposite-side scenario
Vanna / 100k OI
2,236
volatility-sensitive delta
Charm / 100k OI
-900,977
time-decay-sensitive delta
IV surface range
132.8 pp
aggregate volatility dispersion

Strongest relative signals: 25Δ risk reversal 59.4 pp

Download the dated aggregate analysis JSON .

GFL closed 5.5% below its gamma max of 46.25. It is 24.3% above the delta neutral price of 33.20. Total open interest is 482,508, -23.1% versus the previous session. Its options catalyst-intensity score is 45.6 out of 100, led by 25Δ risk reversal 59.4 pp. 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.

GFL call and put open interest changes
Measure Value
Call OI change, 1 session -111,060 contracts · -19.9%
Put OI change, 1 session -34,202 contracts · -48.3%
Call minus put OI growth, 1 session +28.4 pp
Call OI change, 5 sessions -48,690 contracts · -9.8%
Put OI change, 5 sessions -26,048 contracts · -41.6%
Call minus put OI growth, 5 sessions +31.7 pp
Daily call OI change surprise -13.08σ (252 prior changes)
Daily put OI change surprise -14.05σ (252 prior changes)
Daily call-minus-put growth surprise — (129 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 Aug 31, 2026
GFL 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 Mar 19, 2021 Cross on Apr 12, 2021 Cross on Jan 11, 2023 Cross on Jan 18, 2023 Cross on Jan 30, 2023 Cross on Feb 7, 2023 Cross on Feb 28, 2023 Cross on Mar 8, 2023 Cross on Apr 14, 2023 Cross on May 23, 2023 Cross on May 25, 2023 Cross on Jun 2, 2023 Cross on Jun 29, 2023 Cross on Jul 3, 2023 Cross on Jul 20, 2023 Cross on Feb 8, 2024 Cross on Feb 21, 2024 Cross on Sep 13, 2024 Cross on Oct 17, 2024 Cross on Nov 11, 2024 Cross on Dec 6, 2024 Cross on Dec 11, 2024 Cross on Dec 13, 2024 Cross on Dec 17, 2024 Cross on Dec 20, 2024 Cross on Feb 12, 2025 Cross on Feb 19, 2025 Cross on Mar 6, 2025 Cross on Mar 10, 2025 Cross on Mar 19, 2025 Cross on Aug 25, 2026 Cross on Aug 31, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
GFL historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 32 -0.1% -0.6% to +0.9% 47% -0.4% to +0.4% 0.0%
Day +2 32 -0.3% -0.7% to +0.8% 41% -0.7% to +0.7% 0.0%
Day +3 32 +0.0% -1.3% to +1.3% 50% -0.7% to +0.7% 0.0%
Day +4 32 +0.3% -0.9% to +1.3% 56% -0.6% to +0.5% 0.0%
Day +5 32 +0.2% -1.3% to +1.4% 53% -0.9% to +0.7% 0.0%
Day +6 32 +0.6% -0.8% to +2.7% 59% -0.3% to +1.6% 0.0%
Day +7 32 -0.1% -1.5% to +2.6% 50% -1.2% to +2.2% 0.0%
Day +8 32 -0.1% -1.4% to +2.3% 47% -1.1% to +1.3% 0.0%
Day +9 32 -0.1% -2.2% to +2.4% 44% -1.8% to +1.6% 0.0%
Day +10 32 +0.2% -1.4% to +3.0% 53% -1.1% to +2.4% 0.0%
Crosses above gamma max 33 completed Day +10 paths · latest Aug 28, 2026
GFL 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. -6.0% -3.0% 0% +3.0% +6.0% Cross on Feb 24, 2021 Cross on Apr 8, 2021 Cross on Jan 6, 2023 Cross on Jan 13, 2023 Cross on Jan 19, 2023 Cross on Feb 3, 2023 Cross on Feb 22, 2023 Cross on Mar 1, 2023 Cross on Apr 12, 2023 Cross on Apr 21, 2023 Cross on May 24, 2023 Cross on May 30, 2023 Cross on Jun 5, 2023 Cross on Jun 30, 2023 Cross on Jul 11, 2023 Cross on Feb 7, 2024 Cross on Feb 14, 2024 Cross on Sep 11, 2024 Cross on Oct 14, 2024 Cross on Nov 7, 2024 Cross on Nov 18, 2024 Cross on Dec 9, 2024 Cross on Dec 12, 2024 Cross on Dec 16, 2024 Cross on Dec 18, 2024 Cross on Feb 6, 2025 Cross on Feb 18, 2025 Cross on Mar 5, 2025 Cross on Mar 7, 2025 Cross on Mar 17, 2025 Cross on Jul 6, 2026 Cross on Aug 21, 2026 Cross on Aug 28, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
GFL historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 33 -0.1% -1.0% to +1.0% 48% -0.7% to +0.5% 0.0%
Day +2 33 -0.7% -1.2% to +0.6% 39% -1.1% to +0.1% 0.0%
Day +3 33 -0.9% -1.4% to +1.2% 45% -1.3% to +0.6% 0.0%
Day +4 33 -0.6% -2.0% to +1.5% 36% -1.6% to +0.2% 0.0%
Day +5 33 -0.6% -1.9% to +2.1% 45% -1.4% to +1.4% 0.0%
Day +6 33 -0.5% -2.7% to +3.0% 42% -1.1% to +1.5% 0.0%
Day +7 33 +0.2% -1.9% to +2.3% 55% -1.0% to +1.1% 0.0%
Day +8 33 +0.3% -2.2% to +2.3% 58% -1.4% to +1.7% 0.0%
Day +9 33 -0.2% -1.3% to +2.7% 48% -1.0% to +1.2% 0.0%
Day +10 33 +0.3% -1.8% to +1.9% 52% -1.5% to +1.4% 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

GFL trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 6
Delta neutral crosses 15
Prior-year sessions closer to gamma max 16.7% of 252
Prior-year sessions closer to delta neutral 100.0% of 252
Open interest percentile (1y) 97th
Daily open interest change versus prior year -14.77σ (-145,262 contracts; 252 prior changes)
Open interest change, 5 sessions -13.4%
Open interest change, 21 sessions +283.6%
History available Dec 1, 2020 → Oct 16, 2026

Recent crosses

  1. closed below gamma max at 42.29 vs 43.15 (-2.0%)
  2. closed above gamma max at 42.83 vs 42.18 (+1.5%)
  3. closed below gamma max at 40.72 vs 42.11 (-3.4%)
  4. closed above gamma max at 41.05 vs 40.81 (+0.6%)
  5. closed below gamma max at 40.89 vs 46.24 (-13.1%)
  6. closed above gamma max at 40.61 vs 39.75 (+2.1%)
  7. closed above delta neutral at 34.72 vs 34.03 (+2.0%)
  8. closed below delta neutral at 33.76 vs 34.09 (-1.0%)
  9. closed above delta neutral at 34.32 vs 32.51 (+5.3%)
  10. closed below delta neutral at 34.88 vs 34.94 (-0.2%)

In today's screens

Neighbours by open interest

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

Questions people ask about GFL

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

As of Oct 16, 2026 close, nearest-expiration max pain is 41.50 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 GFL's gamma exposure and gamma flip show?

Signed net GEX is 71,562,793 as of Oct 16, 2026 close. The confirmed GEX flip is 26.48. 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 GFL's gamma max today?

As of Oct 16, 2026, the gamma max for GFL is 46.25, +5.5% from the 43.85 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 GFL above or below its delta neutral price?

GFL closed above delta neutral: 43.85 against a delta neutral price of 33.20. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does GFL have?

482,508 contracts of open interest across 123 listed contracts on Oct 16, 2026, -23.1% 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.