Data through close

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

As of close · rank #138 by open interest · 973 sessions of history since Aug 11, 2022

TSLL's nearest-expiration max pain is 10.00 for 2026-10-23, its GEX flip is 7.12, net GEX is 9,402,225, its put/call open-interest ratio is 0.38. These are whole-chain derived aggregates as of Oct 16, 2026 close.

TSLL 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
10.00
+12.2% from close
Expiry: 2026-10-23
GEX flip
7.12
-20.1% from close
Net GEX
9,402,225
1,311,153 per 100k OI
Call wall
10.00
+12.2% from close
Put wall
10.00
+12.2% from close
Put/call OI
0.38
198,163 puts / 518,933 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
8.91
prev 9.33
Gamma max
11.52
+29.3% from close
Delta neutral
8.33
-6.5% from close
Gamma neutral
7.12
-20.1% from close
Open interest
717,096
-14.8% vs prev
Contracts listed
469
270 calls · 266 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
50.2
cross-sectional score / 100
Directional score
13.8
mixed positioning
IV rank
37.3
within trailing 52-week range
Front IV premium
57.4 pp
front minus back volatility difference
25Δ risk reversal
1.9 pp
put IV minus call IV
IV butterfly
-1.2 pp
front-window smile convexity
Volume / open interest
0.18
160,547 contracts traded
Normalized net delta
0.051
option-holder convention
Modeled dealer delta
-0.050
opposite-side scenario
Vanna / 100k OI
1,575
volatility-sensitive delta
Charm / 100k OI
228,617
time-decay-sensitive delta
IV surface range
81.8 pp
aggregate volatility dispersion

Strongest relative signals: front IV premium 57.4 pp · volume/OI 0.18

Download the dated aggregate analysis JSON .

TSLL closed 29.3% below its gamma max of 11.52. It is 6.5% above the delta neutral price of 8.33. Total open interest is 717,096, -14.8% versus the previous session. Its options catalyst-intensity score is 50.2 out of 100, led by front IV premium 57.4 pp, volume/OI 0.18. 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.

TSLL call and put open interest changes
Measure Value
Call OI change, 1 session -90,355 contracts · -14.8%
Put OI change, 1 session -34,305 contracts · -14.8%
Call minus put OI growth, 1 session -0.1 pp
Call OI change, 5 sessions -27,135 contracts · -5.0%
Put OI change, 5 sessions -5,658 contracts · -2.8%
Call minus put OI growth, 5 sessions -2.2 pp
Daily call OI change surprise -1.31σ (250 prior changes)
Daily put OI change surprise -1.06σ (250 prior changes)
Daily call-minus-put growth surprise -0.02σ (250 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 above gamma max 27 completed Day +10 paths · latest Jul 1, 2026
TSLL 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. -44.0% -22.0% 0% +22.0% +44.0% Cross on Aug 19, 2022 Cross on Aug 23, 2022 Cross on Sep 20, 2022 Cross on Jan 27, 2023 Cross on Feb 1, 2023 Cross on Feb 6, 2023 Cross on Feb 9, 2023 Cross on Feb 14, 2023 Cross on Mar 21, 2023 Cross on May 22, 2023 Cross on May 31, 2023 Cross on Jun 20, 2023 Cross on Dec 15, 2023 Cross on Dec 19, 2023 Cross on Dec 27, 2023 Cross on Feb 15, 2024 Cross on Sep 5, 2024 Cross on Nov 6, 2024 Cross on Dec 5, 2024 Cross on Dec 11, 2024 Cross on Mar 24, 2025 Cross on May 12, 2025 Cross on Sep 11, 2025 Cross on Dec 4, 2025 Cross on Apr 15, 2026 Cross on May 8, 2026 Cross on Jul 1, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
TSLL historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 27 -0.7% -4.9% to +4.5% 44% -4.3% to +2.7% 0.0%
Day +2 27 -2.5% -5.4% to +4.7% 41% -5.1% to +4.1% 0.0%
Day +3 27 -0.9% -4.5% to +9.9% 41% -4.3% to +7.8% 0.0%
Day +4 27 -0.5% -7.3% to +10.6% 44% -4.4% to +6.6% 0.0%
Day +5 27 -1.6% -6.5% to +9.7% 37% -6.4% to +4.9% 0.0%
Day +6 27 -1.2% -9.4% to +12.7% 48% -8.5% to +10.7% 0.0%
Day +7 27 -1.9% -9.7% to +13.6% 44% -8.5% to +12.4% 0.0%
Day +8 27 -1.2% -7.6% to +12.0% 44% -6.1% to +7.0% 0.0%
Day +9 27 -2.7% -7.7% to +18.5% 48% -5.8% to +12.4% 0.0%
Day +10 27 +1.0% -9.4% to +20.8% 52% -5.4% to +10.0% 0.0%
Crosses below gamma max 25 completed Day +10 paths · latest May 12, 2026
TSLL 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. -34.0% -17.0% 0% +17.0% +34.0% Cross on Aug 18, 2022 Cross on Aug 22, 2022 Cross on Aug 25, 2022 Cross on Sep 21, 2022 Cross on Jan 30, 2023 Cross on Feb 3, 2023 Cross on Feb 7, 2023 Cross on Feb 10, 2023 Cross on Feb 16, 2023 Cross on Mar 22, 2023 Cross on May 19, 2023 Cross on May 24, 2023 Cross on Jun 21, 2023 Cross on Dec 18, 2023 Cross on Dec 20, 2023 Cross on Dec 28, 2023 Cross on Feb 16, 2024 Cross on Oct 28, 2024 Cross on Dec 9, 2024 Cross on Mar 25, 2025 Cross on May 13, 2025 Cross on Sep 16, 2025 Cross on Dec 5, 2025 Cross on Apr 17, 2026 Cross on May 12, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
TSLL historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 25 +2.0% -3.0% to +3.9% 60% -2.8% to +3.5% 0.0%
Day +2 25 -1.7% -3.9% to +5.0% 44% -3.9% to +4.4% 0.0%
Day +3 25 -0.4% -7.0% to +4.7% 48% -6.6% to +3.1% 0.0%
Day +4 25 -1.5% -9.0% to +4.5% 36% -6.1% to +3.8% 0.0%
Day +5 25 +1.3% -6.8% to +5.5% 52% -6.4% to +5.3% 0.0%
Day +6 25 -0.2% -7.6% to +9.2% 44% -7.4% to +4.4% 0.0%
Day +7 25 +1.3% -6.7% to +12.6% 56% -6.5% to +3.6% 0.0%
Day +8 25 +2.4% -6.5% to +11.4% 56% -4.4% to +8.4% 0.0%
Day +9 25 +0.7% -8.2% to +12.6% 52% -6.7% to +9.0% 0.0%
Day +10 25 +2.1% -7.2% to +12.8% 56% -6.0% to +10.8% 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

TSLL trailing historical statistics
Sessions closed above gamma max 3%
Gamma max crosses 10
Delta neutral crosses 28
Prior-year sessions closer to gamma max 93.3% of 252
Prior-year sessions closer to delta neutral 33.7% of 252
Open interest percentile (1y) 62th
Daily open interest change versus prior year -1.26σ (-124,660 contracts; 252 prior changes)
Open interest change, 5 sessions -4.4%
Open interest change, 21 sessions -21.5%
History available Aug 11, 2022 → Oct 16, 2026

Recent crosses

  1. closed below gamma max at 9.15 vs 11.01 (-20.3%)
  2. closed above gamma max at 10.38 vs 10.30 (+0.7%)
  3. closed above delta neutral at 7.21 vs 6.82 (+5.5%)
  4. closed below delta neutral at 7.76 vs 9.62 (-23.9%)
  5. closed below gamma max at 12.27 vs 14.96 (-21.9%)
  6. closed above gamma max at 14.52 vs 14.43 (+0.7%)
  7. closed above delta neutral at 11.68 vs 10.59 (+9.3%)
  8. closed below delta neutral at 11.41 vs 11.59 (-1.6%)
  9. closed below gamma max at 15.96 vs 16.38 (-2.6%)
  10. closed above gamma max at 15.62 vs 15.06 (+3.6%)

In today's screens

Neighbours by open interest

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

Questions people ask about TSLL

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

As of Oct 16, 2026 close, nearest-expiration max pain is 10.00 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 TSLL's gamma exposure and gamma flip show?

Signed net GEX is 9,402,225 as of Oct 16, 2026 close. The confirmed GEX flip is 7.12. 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 TSLL's gamma max today?

As of Oct 16, 2026, the gamma max for TSLL is 11.52, +29.3% from the 8.91 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 TSLL above or below its delta neutral price?

TSLL closed above delta neutral: 8.91 against a delta neutral price of 8.33. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does TSLL have?

717,096 contracts of open interest across 469 listed contracts on Oct 16, 2026, -14.8% 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.