Data through close

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

As of close · rank #274 by open interest · 1,250 sessions of history since Jun 30, 2021

HUT's nearest-expiration max pain is 79.00 for 2026-10-23, its GEX flip is 40.02, net GEX is 4,593,549, its put/call open-interest ratio is 0.41. These are whole-chain derived aggregates as of Oct 16, 2026 close.

HUT 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
79.00
+16.6% from close
Expiry: 2026-10-23
GEX flip
40.02
-40.9% from close
Net GEX
4,593,549
1,416,057 per 100k OI
Call wall
90.00
+32.8% from close
Put wall
70.00
+3.3% from close
Put/call OI
0.41
94,063 puts / 230,327 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
67.75
prev 76.09
Gamma max
91.88
+35.6% from close
Delta neutral
60.56
-10.6% from close
Gamma neutral
40.02
-40.9% from close
Open interest
324,390
-2.3% vs prev
Contracts listed
1,136
707 calls · 555 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
72.1
cross-sectional score / 100
Directional score
-3.5
mixed positioning
IV rank
100.0
within trailing 52-week range
Front IV premium
11.4 pp
front minus back volatility difference
25Δ risk reversal
7.5 pp
put IV minus call IV
IV butterfly
-16.8 pp
front-window smile convexity
Volume / open interest
0.12
44,658 contracts traded
Normalized net delta
0.066
option-holder convention
Modeled dealer delta
-0.065
opposite-side scenario
Vanna / 100k OI
2,774
volatility-sensitive delta
Charm / 100k OI
2,009,015
time-decay-sensitive delta
IV surface range
50.4 pp
aggregate volatility dispersion

Strongest relative signals: smile convexity -16.8 pp · front IV premium 11.4 pp · volume/OI 0.12

Download the dated aggregate analysis JSON .

HUT closed 35.6% below its gamma max of 91.88. It is 10.6% above the delta neutral price of 60.56. Total open interest is 324,390, -2.3% versus the previous session. Its options catalyst-intensity score is 72.1 out of 100, led by smile convexity -16.8 pp, front IV premium 11.4 pp, volume/OI 0.12. 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.

HUT call and put open interest changes
Measure Value
Call OI change, 1 session +2,490 contracts · +1.1%
Put OI change, 1 session -10,213 contracts · -9.8%
Call minus put OI growth, 1 session +10.9 pp
Call OI change, 5 sessions +26,151 contracts · +12.8%
Put OI change, 5 sessions +11,614 contracts · +14.1%
Call minus put OI growth, 5 sessions -1.3 pp
Daily call OI change surprise +0.15σ (252 prior changes)
Daily put OI change surprise -0.91σ (252 prior changes)
Daily call-minus-put growth surprise +1.79σ (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 52 completed Day +10 paths · latest Jul 24, 2026
HUT 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. -32.0% -16.0% 0% +16.0% +32.0% Cross on Jul 13, 2021 Cross on Aug 10, 2021 Cross on Aug 12, 2021 Cross on Sep 9, 2021 Cross on Sep 27, 2021 Cross on Oct 4, 2021 Cross on Oct 6, 2021 Cross on Oct 26, 2021 Cross on Nov 3, 2021 Cross on Nov 9, 2021 Cross on Dec 27, 2021 Cross on Mar 18, 2022 Cross on Jul 11, 2022 Cross on Jul 21, 2022 Cross on Aug 9, 2022 Cross on Aug 16, 2022 Cross on Oct 28, 2022 Cross on Jan 24, 2023 Cross on Feb 3, 2023 Cross on Apr 14, 2023 Cross on Jun 21, 2023 Cross on Jun 26, 2023 Cross on Jul 5, 2023 Cross on Jul 14, 2023 Cross on Aug 31, 2023 Cross on Oct 25, 2023 Cross on Dec 20, 2023 Cross on Dec 28, 2023 Cross on Feb 16, 2024 Cross on Oct 22, 2024 Cross on Oct 29, 2024 Cross on Nov 7, 2024 Cross on Nov 25, 2024 Cross on Nov 29, 2024 Cross on Dec 9, 2024 Cross on Jan 7, 2025 Cross on Jan 17, 2025 Cross on Apr 25, 2025 Cross on May 15, 2025 Cross on Jun 5, 2025 Cross on Jun 9, 2025 Cross on Jul 8, 2025 Cross on Jul 15, 2025 Cross on Aug 15, 2025 Cross on Aug 29, 2025 Cross on Sep 19, 2025 Cross on Oct 7, 2025 Cross on Oct 17, 2025 Cross on Oct 30, 2025 Cross on Apr 9, 2026 Cross on May 7, 2026 Cross on Jul 24, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
HUT historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 52 -2.3% -5.6% to +4.2% 38% -3.9% to +1.1% 0.0%
Day +2 52 -2.3% -6.8% to +4.8% 40% -5.3% to +1.0% 0.0%
Day +3 52 -1.0% -7.1% to +4.5% 44% -4.2% to +1.3% 0.0%
Day +4 52 -1.1% -8.2% to +6.1% 46% -5.0% to +2.5% 0.0%
Day +5 52 -0.6% -8.1% to +9.6% 48% -4.0% to +3.2% 0.0%
Day +6 52 +2.3% -7.6% to +9.2% 62% -2.9% to +7.0% 0.0%
Day +7 52 +3.0% -8.3% to +12.7% 54% -3.9% to +8.3% 0.0%
Day +8 52 +0.7% -10.6% to +11.8% 52% -4.7% to +4.6% 0.0%
Day +9 52 +2.2% -12.5% to +14.9% 54% -4.6% to +6.2% 0.0%
Day +10 52 +2.0% -13.7% to +13.0% 54% -3.6% to +4.4% 0.0%
Crosses above gamma max 47 completed Day +10 paths · latest Jul 23, 2026
HUT 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. -36.0% -18.0% 0% +18.0% +36.0% Cross on Aug 11, 2021 Cross on Oct 1, 2021 Cross on Oct 5, 2021 Cross on Oct 11, 2021 Cross on Oct 29, 2021 Cross on Nov 5, 2021 Cross on Dec 23, 2021 Cross on Jul 7, 2022 Cross on Jul 20, 2022 Cross on Aug 8, 2022 Cross on Aug 10, 2022 Cross on Oct 4, 2022 Cross on Feb 2, 2023 Cross on Apr 13, 2023 Cross on Jun 23, 2023 Cross on Jun 30, 2023 Cross on Jul 13, 2023 Cross on Oct 24, 2023 Cross on Dec 15, 2023 Cross on Dec 22, 2023 Cross on Feb 14, 2024 Cross on May 17, 2024 Cross on Oct 21, 2024 Cross on Oct 28, 2024 Cross on Oct 30, 2024 Cross on Nov 6, 2024 Cross on Nov 8, 2024 Cross on Nov 27, 2024 Cross on Dec 6, 2024 Cross on Jan 6, 2025 Cross on Jan 15, 2025 Cross on Apr 24, 2025 Cross on May 12, 2025 Cross on Jun 4, 2025 Cross on Jun 6, 2025 Cross on Jul 2, 2025 Cross on Jul 10, 2025 Cross on Aug 14, 2025 Cross on Aug 18, 2025 Cross on Aug 26, 2025 Cross on Sep 9, 2025 Cross on Oct 3, 2025 Cross on Oct 8, 2025 Cross on Oct 27, 2025 Cross on Oct 31, 2025 Cross on May 6, 2026 Cross on Jul 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
HUT historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 47 +0.4% -3.4% to +3.9% 51% -1.5% to +2.0% 0.0%
Day +2 47 +0.2% -5.6% to +5.4% 53% -1.5% to +2.5% 0.0%
Day +3 47 -1.3% -8.2% to +8.6% 40% -6.5% to +1.2% 0.0%
Day +4 47 -1.9% -9.9% to +9.8% 43% -6.3% to +1.7% 0.0%
Day +5 47 +0.2% -9.6% to +10.5% 51% -5.0% to +8.4% 0.0%
Day +6 47 +0.8% -3.6% to +12.1% 53% -1.2% to +6.3% 0.0%
Day +7 47 -0.3% -6.2% to +11.5% 49% -3.3% to +7.9% 0.0%
Day +8 47 +2.3% -11.6% to +14.3% 53% -3.0% to +8.6% 0.0%
Day +9 47 0.0% -14.1% to +13.9% 49% -6.2% to +5.8% 0.0%
Day +10 47 +1.5% -14.6% to +19.7% 53% -5.3% to +12.1% 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

HUT trailing historical statistics
Sessions closed above gamma max 3%
Gamma max crosses 11
Delta neutral crosses 2
Prior-year sessions closer to gamma max 96.0% of 252
Prior-year sessions closer to delta neutral 13.1% of 252
Open interest percentile (1y) 74th
Daily open interest change versus prior year -0.24σ (-7,723 contracts; 252 prior changes)
Open interest change, 5 sessions +13.2%
Open interest change, 21 sessions +1.9%
History available Jun 30, 2021 → Oct 16, 2026

Recent crosses

  1. closed below gamma max at 109.99 vs 119.25 (-8.4%)
  2. closed above gamma max at 117.67 vs 112.74 (+4.2%)
  3. closed below gamma max at 101.18 vs 107.57 (-6.3%)
  4. closed above gamma max at 108.94 vs 98.83 (+9.3%)
  5. closed below gamma max at 63.42 vs 66.27 (-4.5%)
  6. closed above gamma max at 61.43 vs 60.56 (+1.4%)
  7. closed above delta neutral at 53.06 vs 48.04 (+9.5%)
  8. closed below delta neutral at 44.48 vs 46.05 (-3.5%)
  9. closed below gamma max at 48.11 vs 54.28 (-12.8%)
  10. closed above gamma max at 50.66 vs 50.03 (+1.2%)

In today's screens

Neighbours by open interest

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

Questions people ask about HUT

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

As of Oct 16, 2026 close, nearest-expiration max pain is 79.00 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 HUT's gamma exposure and gamma flip show?

Signed net GEX is 4,593,549 as of Oct 16, 2026 close. The confirmed GEX flip is 40.02. 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 HUT's gamma max today?

As of Oct 16, 2026, the gamma max for HUT is 91.88, +35.6% from the 67.75 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 HUT above or below its delta neutral price?

HUT closed above delta neutral: 67.75 against a delta neutral price of 60.56. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does HUT have?

324,390 contracts of open interest across 1,136 listed contracts on Oct 16, 2026, -2.3% 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.