Data through close

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

As of close · rank #3621 by open interest · snapshot page

SPYV's nearest-expiration max pain is 62.00 for 2026-11-20, its GEX flip is 19.37, net GEX is 79,795, its put/call open-interest ratio is 0.30. These are whole-chain derived aggregates as of Oct 16, 2026 close.

SPYV 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
62.00
-1.7% from close
Expiry: 2026-11-20
GEX flip
19.37
-69.3% from close
Net GEX
79,795
8,975,840 per 100k OI
Call wall
63.00
-0.1% from close
Put wall
60.00
-4.9% from close
Put/call OI
0.30
204 puts / 685 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
63.07
prev 63.12
Gamma max
49.00
-22.3% from close
Delta neutral
50.93
-19.2% from close
Gamma neutral
19.37
-69.3% from close
Open interest
889
-12.2% vs prev
Contracts listed
41
31 calls · 13 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
62.7
within trailing 52-week range
Front IV premium
2.2 pp
front minus back volatility difference
25Δ risk reversal
5.0 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.02
16 contracts traded
Normalized net delta
0.568
option-holder convention
Modeled dealer delta
-0.568
opposite-side scenario
Vanna / 100k OI
593
volatility-sensitive delta
Charm / 100k OI
0
time-decay-sensitive delta
IV surface range
44.2 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

SPYV closed 22.3% above its gamma max of 49.00. It is 19.2% above the delta neutral price of 50.93. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 889, -12.2% 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 SPYV

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

As of Oct 16, 2026 close, nearest-expiration max pain is 62.00 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 SPYV's gamma exposure and gamma flip show?

Signed net GEX is 79,795 as of Oct 16, 2026 close. The confirmed GEX flip is 19.37. 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 SPYV's gamma max today?

As of Oct 16, 2026, the gamma max for SPYV is 49.00, -22.3% from the 63.07 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 SPYV above or below its delta neutral price?

SPYV closed above delta neutral: 63.07 against a delta neutral price of 50.93. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SPYV have?

889 contracts of open interest across 41 listed contracts on Oct 16, 2026, -12.2% 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.