Data through close

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

As of close · rank #928 by open interest · snapshot page

PBF's nearest-expiration max pain is 80.00 for 2026-11-20, its GEX flip is 62.54, net GEX is 1,040,663, its put/call open-interest ratio is 0.71. These are whole-chain derived aggregates as of Oct 16, 2026 close.

PBF 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
80.00
-5.3% from close
Expiry: 2026-11-20
GEX flip
62.54
-26.0% from close
Net GEX
1,040,663
2,066,775 per 100k OI
Call wall
95.00
+12.4% from close
Put wall
80.00
-5.3% from close
Put/call OI
0.71
20,990 puts / 29,362 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
84.52
prev 86.99
Gamma max
88.76
+5.0% from close
Delta neutral
68.87
-18.5% from close
Gamma neutral
62.54
-26.0% from close
Open interest
50,352
-34.5% vs prev
Contracts listed
336
271 calls · 208 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
3.9 pp
front minus back volatility difference
25Δ risk reversal
-1.3 pp
put IV minus call IV
IV butterfly
1.2 pp
front-window smile convexity
Volume / open interest
0.07
5,402 contracts traded
Normalized net delta
0.311
option-holder convention
Modeled dealer delta
-0.309
opposite-side scenario
Vanna / 100k OI
-789
volatility-sensitive delta
Charm / 100k OI
-419,136
time-decay-sensitive delta
IV surface range
19.4 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

PBF closed 5.0% below its gamma max of 88.76. It is 18.5% above the delta neutral price of 68.87. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 50,352, -34.5% 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

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In today's screens

Neighbours by open interest

Questions people ask about PBF

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

As of Oct 16, 2026 close, nearest-expiration max pain is 80.00 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 PBF's gamma exposure and gamma flip show?

Signed net GEX is 1,040,663 as of Oct 16, 2026 close. The confirmed GEX flip is 62.54. 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 PBF's gamma max today?

As of Oct 16, 2026, the gamma max for PBF is 88.76, +5.0% from the 84.52 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 PBF above or below its delta neutral price?

PBF closed above delta neutral: 84.52 against a delta neutral price of 68.87. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does PBF have?

50,352 contracts of open interest across 336 listed contracts on Oct 16, 2026, -34.5% 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.