1 consecutive session in contango (the normal upward slope).
━ 2026-09-25┅ 2026-08-26 (21 sessions earlier)■ earnings, at the first session it can move (□ no expected move served)tenors in calendar days, log scale
The 2026-09-24 calendar snapshot lists nothing after the 2026-09-25 close.
Earnings: 2026-11-04 time unknown, stated by the vendor's estimate, first moves the 2026-11-04 session (40d on the tenor axis), no expected move served.
Skew · risk reversal
25-delta
-2.2 pts
own all (<3y) 53.8% · n=40
10-delta
-3.1 pts
own all (<3y) 33.8% · n=40
Skew has been collected since 2026-07-30 only: the vendor serves no earlier history, so each percentile here is taken over all of it - the few weeks of readings there are, which the n beside it counts.
Smile by expiry: the 8 expiries within 120 DTE carrying the most open interest · book as of 2026-09-24
1d2026-09-25 · short
Expiry window · 55–65 DTE
Next earnings: 2026-11-04 time unknown, stated by the vendor's estimate, first moves the 2026-11-04 session, no expected move served. As the vendor's calendar stood on 2026-09-28, not on the page's date.
DTE counts calendar days from 2026-09-25, the page's date and the earliest an entry could be made - not from the 2026-09-24 book the expiries and IVs come from, which would overstate it by 1 day; an expiry first listed after 2026-09-24 is not in the book and not here. A premarket report moves its own session and a postmarket one the next; one with no stated time is placed at the earlier of the two - or at the later, once the earlier is already in the 2026-09-25 close - so an expiry can be called spanning when it might not be, never the reverse. "spans +N": the expiry settles N calendar days after that session, and the line under it says whether the 28-DTE exit comes before it ("inside the exit": that date is already behind 2026-09-25, so it protects nothing); "clear N": it settles N days before it. Thesis = DTE − 28 (the hard exit is 21), cut to the last session before a report that comes first. Every expiry in the band is listed, and one that is not a third Friday is marked — §1 of the trading rules admits no weeklies and no 0DTE, so those rows are context, not candidates; the mark is the calendar test on the date alone, and a monthly pulled back to a Thursday by a holiday carries it too. ATM IV is the vendor's at the 2026-09-24 close, on the out-of-the-money side of the listed strike nearest book spot: a display selection, not a statistic, read at that one strike, so "no IV at X" is about X and not about its neighbours. The expected move is the vendor's, for the report the expiry spans. Every row links to that expiry on the strike axis below.
Chain · one strike axis
Book as of 2026-09-24: 1 session behind 2026-09-25: no META chain statistics (net_gex) dated after 2026-09-24 are knowable as of 2026-09-25, and no ticker has newer ones. The strikes drawn below are 2026-09-24's rows as stored now; the levels and statistics are the readings dated 2026-09-24, computed from those rows when the readings were derived, and a fetch of 2026-09-24 after that can revise rows. Open interest is what entered 2026-09-24 (OCC's settlement of 2026-09-23), valued at the 2026-09-24 close.
net GEX · carried book
+$2.11bn per 1%
own all (<3y) 99.3% · n=69
gamma flip
—
no flip within ±25% of book spot
flip distance
no flip within ±25% of book spot
last reading -6.68 ATR on 2026-09-18
0DTE share of volume
not listed daily
book spot $777.59 (unadjusted close, 2026-09-24) · call wall $750.00 (-3.55% from book spot) · put wall $750.00 (-3.55% from book spot) · max pain $630.00 (-18.98% from book spot, 2026-10-16 monthly)
low 23.4%245 sessions, 1y · today 41.3%high 57.0%
As the vendor's calendar stood on 2026-09-28, not on the page's date.
90-day IV
41.7%
own all (<3y) 87.8% · n=246
slope, 30d − 90d
-0.4 pts
own all (<3y) 64.6% · n=246
variance risk premium, 30d
-14.6 pts
own all (<3y) 14.3% · n=241
4d2026-09-28 · short
8d2026-10-02
15d2026-10-09
22d2026-10-16
57d2026-11-20
85d2026-12-18
113d2027-01-15
IV against strike, out-of-the-money side. Each window widens with √DTE, to ±25% at the longest expiry, so every panel shows a comparable slice of its smile; all share one IV scale (43%–50%), set by the expiries past 7 DTE. 23 short-dated points beyond it are pinned to the edge as open circles.
weekly
Each level is stored as a distance from the book's own spot, so each is drawn at $777.59 × (1 + that distance) - the 2026-09-24 unadjusted close, the price the chain was taken at. That is why two prices appear on this page. META headlines $751.66, its newest unadjusted close, on 2026-09-25; the book was taken at $777.59 on 2026-09-24, because the book trails the page by the one session counted above. Both are closes, both are dated, and neither is adjusted. Recomputing a wall on the newer close would put it at a level this book never had, so none of these is: they are the 2026-09-24 book's levels, on the 2026-09-24 close.
Dashed: 7 DTE or less, where the vendor's gamma is noisy. "mp": the monthly max pain describes.
Tradability of the 2027-01-15 expiry: 112 calendar days from 2026-09-25 (113 from the book date), outside the owner's 35–65 DTE entry window. Spreads are the NBBO stored with the 2026-09-24 chain snapshot - not a live quote, and not DESIGN J's quote at a trade (per-trade quotes are not collected) - as a percent of mid; a zero or missing bid, or a crossed quote, is drawn as × for no two-sided quote. The owner's floors are marked and filter nothing: spread 10% of mid, OI 500, and the strike nearest 0.20 delta on each side - call 1000 (Δ 0.20), put 660 (Δ -0.21); the call one lies outside the strikes drawn.
call put OI carried through 2026-09-23 · opened by 2026-09-23's trading · closed by it / net GEX long / short gammabook spotcall wallput wallmax paingamma flipfloors, marked not filtered: spread 10% of mid · OI 500 · ▸◂ strike nearest 0.20 delta, beside the spread panel · × no two-sided quote · | spread past 25%
2027-01-15 expiry, 39 strikes within ±25% of book spot (the flip search band); 111 hidden (52 above, 59 below), 111 of them with open interest. One row per listed strike: rows are evenly spaced, prices are not. Net GEX is this expiry's alone (+$653.2m per 1% in all); the walls, flip and headline sum every carried expiry. Volume is 2026-09-24's own - whether it opened positions shows in the 2026-09-25 book's change.
max pain $630.00 belongs to the 2026-10-16 monthly (22 days from 2026-09-24, as max_pain_expiry_dte stores it: the nearest monthly at least 7 days out), not to this expiry.
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