Data through close

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

As of close · rank #2819 by open interest · snapshot page

IWN's nearest-expiration max pain is 210.00 for 2026-11-20, its GEX flip is 97.67, net GEX is 405,286, its put/call open-interest ratio is 0.25. These are whole-chain derived aggregates as of Oct 16, 2026 close.

IWN 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
210.00
+0.6% from close
Expiry: 2026-11-20
GEX flip
97.67
-53.2% from close
Net GEX
405,286
13,818,132 per 100k OI
Call wall
225.00
+7.8% from close
Put wall
215.00
+3.0% from close
Put/call OI
0.25
587 puts / 2,346 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
208.75
prev 210.54
Gamma max
224.41
+7.5% from close
Delta neutral
195.62
-6.3% from close
Gamma neutral
97.67
-53.2% from close
Open interest
2,933
-9.6% vs prev
Contracts listed
104
78 calls · 35 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
–
cross-sectional score / 100
Directional score
–
IV rank
100.0
within trailing 52-week range
Front IV premium
0.0 pp
front minus back volatility difference
25Δ risk reversal
-2.5 pp
put IV minus call IV
IV butterfly
8.5 pp
front-window smile convexity
Volume / open interest
0.12
392 contracts traded
Normalized net delta
0.183
option-holder convention
Modeled dealer delta
-0.183
opposite-side scenario
Vanna / 100k OI
459
volatility-sensitive delta
Charm / 100k OI
-333,904
time-decay-sensitive delta
IV surface range
13.2 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

IWN closed 7.5% below its gamma max of 224.41. It is 6.3% above the delta neutral price of 195.62. Total open interest is 2,933, -9.6% versus the previous session. What gamma max means · What delta neutral means

History

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

Chart loads when this section is in view.

Swipe chart sideways to see the full range.

In today's screens

Not in any screen today. See all screens.

Neighbours by open interest

Questions people ask about IWN

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

As of Oct 16, 2026 close, nearest-expiration max pain is 210.00 for the 2026-11-20 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 IWN's gamma exposure and gamma flip show?

Signed net GEX is 405,286 as of Oct 16, 2026 close. The confirmed GEX flip is 97.67. 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 IWN's gamma max today?

As of Oct 16, 2026, the gamma max for IWN is 224.41, +7.5% from the 208.75 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 IWN above or below its delta neutral price?

IWN closed above delta neutral: 208.75 against a delta neutral price of 195.62. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does IWN have?

2,933 contracts of open interest across 104 listed contracts on Oct 16, 2026, -9.6% 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.