Simplify Analytics
MSFT

MSFT

$493.78 unadjusted close, 2026-09-18
as of 2026-09-18
AAPLAMDAMZNAVGOCATCRSRCRWDDEDELLDIAGOOGINTCIWMLMTMETAMRVLMSFTMUNVDAORCLPANWPLTRQQQSMHSNDKSOXXSPCXSPYSTXWDCXLEXLFXLIXLKXLPXLUXLVXLYXOM

Implied volatility · 30-day constant maturity

level
24.0%
IV percentile
16.8%
own all (<3y) · n=241
IV rank
20.2%
own all (<1y) · n=241
range
18.3% – 46.5%
own all (<1y) · n=241
low 18.3%241 sessions, all (<1y) · today 24.0%high 46.5%

Term structure · constant maturity

35 consecutive sessions in contango (the normal upward slope).

25 calendar days out: every tenor of 5d or longer spans it Wed 09-23 09:45 ET · US Flash Manufacturing PMI (September) Wed 09-23 09:45 ET · US Flash Services PMI (September)46 calendar days out: every tenor of 6d or longer spans it Thu 09-24 08:00 ET · Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin Thu 09-24 08:30 ET · Weekly Jobless Claims (September) Thu 09-24 10:00 ET · New Home Sales (August) Thu 09-24 11:00 ET · Kansas City Fed Survey (September)27 calendar days out: every tenor of 7d or longer spans it Fri 09-25 08:30 ET · Durable Goods (August) Fri 09-25 10:00 ET · U. Michigan Final Consumer Survey (September)E 11-04 time?Earnings 2026-11-04, time unknown - date stated by the vendor's estimate First session it can move: 2026-11-04, 47 calendar days from the 2026-09-18 curve - every tenor of 47d or longer spans it No expected move served for this date1d5d7d14d30d60d90d180d365d31.9%16.8%
2026-09-182026-08-19 (21 sessions earlier)◆ scheduled release, at the first tenor spanning it■ earnings, at the first session it can move (□ no expected move served)tenors in calendar days, log scale
Scheduled after the 2026-09-18 close, from the 2026-09-18 calendar snapshot (forecasts as they stood then). Each is marked with the shortest tenor, in calendar days, that spans it:
  • Wed 09-23 09:45 · 5d US Flash Manufacturing PMI (September) · prev 53.2
  • Wed 09-23 09:45 · 5d US Flash Services PMI (September) · prev 56.8
  • Thu 09-24 08:00 · 6d Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin
  • Thu 09-24 08:30 · 6d Weekly Jobless Claims (September)
  • Thu 09-24 10:00 · 6d New Home Sales (August) · prev 607000
  • Thu 09-24 11:00 · 6d Kansas City Fed Survey (September) · prev 17
  • Fri 09-25 08:30 · 7d Durable Goods (August) · prev 1.1%
  • Fri 09-25 10:00 · 7d U. Michigan Final Consumer Survey (September) · prev 51.7

Earnings: 2026-11-04 time unknown, stated by the vendor's estimate, first moves the 2026-11-04 session (47d on the tenor axis), no expected move served. As the vendor's calendar stood on 2026-09-20, not on the page's date.

90-day IV
28.9%
own all (<3y) 37.3% · n=241
slope, 30d − 90d
-4.9 pts
own all (<3y) 15.1% · n=241
variance risk premium, 30d
+4.7 pts
own all (<3y) 65.0% · n=236

Skew · risk reversal

25-delta
+0.2 pts
own all (<3y) 55.7% · n=35
10-delta
+1.5 pts
own all (<3y) 27.1% · n=35

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 2026-09-17

1d2026-09-18 · short
2026-09-18: 5 put and 4 call strikes within ±2.3%, IV 27% to 30%36%22%2.3%book spot+2.3%
8d2026-09-25
2026-09-25: 13 put and 12 call strikes within ±6.5%, IV 23% to 27%36%22%6.5%book spot+6.5%
15d2026-10-02
2026-10-02: 15 put and 13 call strikes within ±8.8%, IV 23% to 28%36%22%8.8%book spot+8.8%
22d2026-10-09
2026-10-09: 11 put and 11 call strikes within ±11%, IV 23% to 29%36%22%11%book spot+11%
29d2026-10-16
2026-10-16: 12 put and 12 call strikes within ±12%, IV 23% to 29%36%22%12%book spot+12%
64d2026-11-20
2026-11-20: 18 put and 18 call strikes within ±18%, IV 29% to 35%36%22%18%book spot+18%
92d2026-12-18
2026-12-18: 22 put and 22 call strikes within ±22%, IV 28% to 35%36%22%22%book spot+22%
120d2027-01-15
2027-01-15: 24 put and 24 call strikes within ±25%, IV 27% to 35%36%22%25%book spot+25%
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 (22%36%), set by the expiries past 7 DTE.

Expiry window · 0120 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 2026-09-20, not on the page's date.

expiryDTE28-DTE exitthesisearnings 11-04 time?
the vendor's estimate
ATM IV · 09-17expected move
2026-09-18 Fri02026-08-21insideclear · 47d27.1% p 497.5
2026-09-21 Monweekly32026-08-24insideclear · 44d20.3% p 497.5
2026-09-23 Wedweekly52026-08-26insideclear · 42d22.3% p 497.5
2026-09-25 Friweekly72026-08-28insideclear · 40d23.5% p 497.5
2026-09-28 Monweekly102026-08-31insideclear · 37d22.1% p 497.5
2026-09-30 Wedweekly122026-09-02insideclear · 35d23.0% p 497.5
2026-10-02 Friweekly142026-09-04insideclear · 33d25.4% p 497.5
2026-10-09 Friweekly212026-09-11insideclear · 26d24.2% c 500
2026-10-16 Fri282026-09-180dclear · 19d24.3% c 500
2026-10-23 Friweekly352026-09-257dclear · 12d24.8% c 500
2026-10-30 Friweekly422026-10-0214dclear · 5d30.6% c 500
2026-11-20 Fri632026-10-2335dspans · +16d
exit 12d before
29.8% c 500none served
2026-12-18 Fri912026-11-2063d
exit by 11-03 · 46d
spans · +44d
exit 16d after
28.7% c 500none served
2027-01-15 Fri1192026-12-1891d
exit by 11-03 · 46d
spans · +72d
exit 44d after
28.4% c 500none served

DTE counts calendar days from 2026-09-18, the page's date and the earliest an entry could be made - not from the 2026-09-17 book the expiries and IVs come from, which would overstate it by 1 day; an expiry first listed after 2026-09-17 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 2026-09-18 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 2026-09-18, 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 weekly — §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 2026-09-17 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 2026-09-17: 1 session behind 2026-09-18: no MSFT chain statistics (net_gex) dated after 2026-09-17 are knowable as of 2026-09-18, and no ticker has newer ones. The strikes drawn below are 2026-09-17's rows as stored now; the levels and statistics are the readings dated 2026-09-17, computed from those rows when the readings were derived, and a fetch of 2026-09-17 after that can revise rows. Open interest is what entered 2026-09-17 (OCC's settlement of 2026-09-16), valued at the 2026-09-17 close.

net GEX · carried book
+$1.52bn per 1%
own all (<3y) 93.0% · n=64
gamma flip
$436.72
flip within ±25% of book spot
flip distance
-5.96 ATR
own all (<3y) 35.2% · n=64
0DTE share of volume
not listed daily

book spot $497.75 (unadjusted close, 2026-09-17) · call wall $500.00 (+0.45% from book spot) · put wall $500.00 (+0.45% from book spot) · max pain $460.00 (-7.58% from book spot, 2026-10-16 monthly)

Each level is stored as a distance from the book's own spot, so each is drawn at $497.75 × (1 + that distance) - the 2026-09-17 unadjusted close, the price the chain was taken at. That is why two prices appear on this page. MSFT headlines $493.78, its newest unadjusted close, on 2026-09-18; the book was taken at $497.75 on 2026-09-17, 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 2026-09-17 book's levels, on the 2026-09-17 close.

Dashed: 7 DTE or less, where the vendor's gamma is noisy. "mp": the monthly max pain describes.

Tradability of the 2026-11-20 expiry: 63 calendar days from 2026-09-18 (64 from the book date), inside the owner's 35–65 DTE entry window. Spreads are the NBBO stored with the 2026-09-17 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 560 (Δ 0.20), put 450 (Δ -0.20).

call put OI carried through 2026-09-16 · opened by 2026-09-16's trading · closed by it / net GEX long / short gamma book spot call wall put wall max pain gamma 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%
OI changes are 2026-09-16's trading; volume is 2026-09-17's.◀ put OIcall OI ▶entering 2026-09-17◀ put volcall vol ▶traded 2026-09-17◀ putcall ▶spread, % of mid− net GEX+$ per 1% move620615610605600595590585580575570565560555550545540535530525520515510505500495490485480475470465460455450445440435430425420415410405400395390385380375put strike nearest 0.20 delta: 450call strike nearest 0.20 delta: 56031k031k31131125%10%10%25%-$25.4m+$25.4mcall wall 500put wall 500book spot 497.75γ flip 436.72strike 620 calls: OI 434 (+2) · vol 7 (at ask 6, at bid 1) · NBBO 1.21 × 1.45, spread 18.0% of mid · Δ 0.05 puts: OI 0 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 120.25 × 124.10, spread 3.2% of mid · Δ -0.99 net GEX +$177k per 1% (calls +$177k, puts +$0)strike 615 calls: OI 181 (+0) · vol 4 (at ask 3, at bid 0) · NBBO 1.29 × 1.80, spread 33.0% of mid · Δ 0.06 puts: OI 0 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 115.15 × 119.10, spread 3.4% of mid · Δ -0.99 net GEX +$81k per 1% (calls +$81k, puts +$0)strike 610 calls: OI 493 (+14) · vol 1 (at ask 1, at bid 0, sweep 1) · NBBO 1.51 × 1.96, spread 25.9% of mid · Δ 0.07 puts: OI 0 (-1) · vol 0 (at ask 0, at bid 0) · NBBO 110.25 × 114.10, spread 3.4% of mid · Δ -0.99 net GEX +$244k per 1% (calls +$244k, puts +$0)strike 605 calls: OI 18,214 (+1) · vol 28 (at ask 3, at bid 21, sweep 1, multi-leg 21) · NBBO 1.85 × 2.34, spread 23.4% of mid · Δ 0.07 puts: OI 0 (-1) · vol 0 (at ask 0, at bid 0) · NBBO 105.20 × 108.95, spread 3.5% of mid · Δ -0.99 net GEX +$9.9m per 1% (calls +$9.9m, puts +$0)strike 600 calls: OI 4,943 (+49) · vol 123 (at ask 32, at bid 89, multi-leg 25) · NBBO 2.00 × 2.61, spread 26.5% of mid · Δ 0.08 puts: OI 14 (-1) · vol 0 (at ask 0, at bid 0) · NBBO 100.30 × 104.15, spread 3.8% of mid · Δ -0.98 net GEX +$2.9m per 1% (calls +$2.9m, puts -$3k)strike 595 calls: OI 611 (+1) · vol 3 (at ask 3, at bid 0, sweep 2) · NBBO 2.18 × 3.05, spread 33.3% of mid · Δ 0.09 puts: OI 22 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 95.60 × 99.00, spread 3.5% of mid · Δ -0.98 net GEX +$388k per 1% (calls +$394k, puts -$6k)strike 590 calls: OI 1,102 (+117) · vol 54 (at ask 51, at bid 2, multi-leg 1) · NBBO 2.75 × 3.35, spread 19.7% of mid · Δ 0.10 puts: OI 12 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 90.90 × 93.90, spread 3.2% of mid · Δ -0.97 net GEX +$766k per 1% (calls +$770k, puts -$4k)strike 585 calls: OI 1,254 (-6) · vol 75 (at ask 17, at bid 57, sweep 5, multi-leg 64) · NBBO 3.15 × 3.65, spread 14.7% of mid · Δ 0.12 puts: OI 6 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 86.30 × 89.15, spread 3.2% of mid · Δ -0.96 net GEX +$949k per 1% (calls +$952k, puts -$3k)strike 580 calls: OI 10,733 (+33) · vol 50 (at ask 24, at bid 25, sweep 1, multi-leg 28) · NBBO 3.50 × 4.50, spread 25.0% of mid · Δ 0.13 puts: OI 44 (+0) · vol 1 (at ask 1, at bid 0, multi-leg 1) · NBBO 81.75 × 84.85, spread 3.7% of mid · Δ -0.94 net GEX +$8.8m per 1% (calls +$8.8m, puts -$28k)strike 575 calls: OI 3,925 (+3) · vol 68 (at ask 5, at bid 63, sweep 2, multi-leg 18) · NBBO 4.00 × 4.80, spread 18.2% of mid · Δ 0.14 puts: OI 11 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 77.05 × 80.05, spread 3.8% of mid · Δ -0.92 net GEX +$3.5m per 1% (calls +$3.5m, puts -$8k)strike 570 calls: OI 1,531 (-1) · vol 20 (at ask 19, at bid 1, multi-leg 8) · NBBO 4.70 × 5.45, spread 14.8% of mid · Δ 0.16 puts: OI 22 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 72.95 × 75.50, spread 3.4% of mid · Δ -0.90 net GEX +$1.4m per 1% (calls +$1.5m, puts -$19k)strike 565 calls: OI 1,175 (-1) · vol 111 (at ask 7, at bid 103, multi-leg 5) · NBBO 5.30 × 6.15, spread 14.8% of mid · Δ 0.18 puts: OI 44 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 68.20 × 71.20, spread 4.3% of mid · Δ -0.88 net GEX +$1.1m per 1% (calls +$1.2m, puts -$42k)strike 560 calls: OI 6,808 (+12) · vol 25 (at ask 19, at bid 4, sweep 2, multi-leg 5) · NBBO 6.40 × 6.85, spread 6.8% of mid · Δ 0.20 puts: OI 24 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 64.10 × 66.95, spread 4.3% of mid · Δ -0.86 net GEX +$7.3m per 1% (calls +$7.3m, puts -$26k)strike 555 calls: OI 1,583 (+12) · vol 62 (at ask 35, at bid 26, sweep 2, multi-leg 20) · NBBO 7.15 × 7.60, spread 6.1% of mid · Δ 0.22 puts: OI 20 (-1) · vol 0 (at ask 0, at bid 0) · NBBO 59.80 × 62.85, spread 5.0% of mid · Δ -0.84 net GEX +$1.8m per 1% (calls +$1.8m, puts -$23k)strike 550 calls: OI 6,950 (+24) · vol 311 (at ask 79, at bid 228, sweep 3, multi-leg 114) · NBBO 8.25 × 8.60, spread 4.2% of mid · Δ 0.24 puts: OI 153 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 56.00 × 58.70, spread 4.7% of mid · Δ -0.81 net GEX +$8.2m per 1% (calls +$8.3m, puts -$194k)strike 545 calls: OI 16,573 (-1) · vol 111 (at ask 83, at bid 23, sweep 1, multi-leg 14) · NBBO 9.15 × 10.00, spread 8.9% of mid · Δ 0.26 puts: OI 26 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 52.20 × 54.80, spread 4.9% of mid · Δ -0.78 net GEX +$20.8m per 1% (calls +$20.9m, puts -$35k)strike 540 calls: OI 3,787 (+118) · vol 245 (at ask 216, at bid 25, sweep 3, multi-leg 142) · NBBO 10.25 × 11.25, spread 9.3% of mid · Δ 0.29 puts: OI 44 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 48.35 × 50.95, spread 5.2% of mid · Δ -0.75 net GEX +$4.9m per 1% (calls +$5.0m, puts -$63k)strike 535 calls: OI 19,206 (+499) · vol 309 (at ask 278, at bid 23, sweep 1, multi-leg 36) · NBBO 11.15 × 12.55, spread 11.8% of mid · Δ 0.31 puts: OI 604 (+9) · vol 15 (at ask 9, at bid 6, sweep 2, multi-leg 9) · NBBO 44.70 × 46.90, spread 4.8% of mid · Δ -0.72 net GEX +$25.4m per 1% (calls +$26.3m, puts -$911k)strike 530 calls: OI 2,138 (+566) · vol 89 (at ask 49, at bid 36, sweep 1, multi-leg 34) · NBBO 13.00 × 14.00, spread 7.4% of mid · Δ 0.34 puts: OI 154 (-1) · vol 1 (at ask 0, at bid 1) · NBBO 41.20 × 43.30, spread 5.0% of mid · Δ -0.69 net GEX +$2.8m per 1% (calls +$3.0m, puts -$242k)strike 525 calls: OI 1,578 (+29) · vol 39 (at ask 20, at bid 18, multi-leg 23) · NBBO 14.45 × 16.20, spread 11.4% of mid · Δ 0.37 puts: OI 432 (-1) · vol 0 (at ask 0, at bid 0) · NBBO 37.65 × 40.10, spread 6.3% of mid · Δ -0.66 net GEX +$1.6m per 1% (calls +$2.3m, puts -$698k)strike 520 calls: OI 3,061 (+42) · vol 223 (at ask 154, at bid 64, sweep 31, multi-leg 77) · NBBO 16.25 × 17.70, spread 8.5% of mid · Δ 0.39 puts: OI 123 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 34.40 × 37.00, spread 7.3% of mid · Δ -0.63 net GEX +$4.3m per 1% (calls +$4.5m, puts -$202k)strike 515 calls: OI 2,134 (-1) · vol 109 (at ask 70, at bid 37, multi-leg 28) · NBBO 18.55 × 19.05, spread 2.7% of mid · Δ 0.42 puts: OI 662 (+14) · vol 6 (at ask 3, at bid 3, sweep 1, multi-leg 5) · NBBO 31.60 × 33.40, spread 5.5% of mid · Δ -0.59 net GEX +$2.1m per 1% (calls +$3.2m, puts -$1.1m)strike 510 calls: OI 3,785 (-15) · vol 63 (at ask 24, at bid 38, sweep 5, multi-leg 17) · NBBO 20.30 × 22.00, spread 8.0% of mid · Δ 0.45 puts: OI 3,509 (+3) · vol 14 (at ask 11, at bid 3, multi-leg 12) · NBBO 28.60 × 30.85, spread 7.6% of mid · Δ -0.56 net GEX -$284k per 1% (calls +$5.7m, puts -$5.9m)strike 505 calls: OI 1,503 (+37) · vol 113 (at ask 28, at bid 71, sweep 21, multi-leg 43) · NBBO 22.70 × 23.75, spread 4.5% of mid · Δ 0.48 puts: OI 947 (+8) · vol 23 (at ask 21, at bid 2, multi-leg 23) · NBBO 26.35 × 27.70, spread 5.0% of mid · Δ -0.53 net GEX +$622k per 1% (calls +$2.2m, puts -$1.6m)strike 500 calls: OI 7,104 (+115) · vol 259 (at ask 105, at bid 139, sweep 21, multi-leg 59) · NBBO 25.20 × 26.00, spread 3.1% of mid · Δ 0.51 puts: OI 4,965 (+150) · vol 41 (at ask 2, at bid 39, multi-leg 9) · NBBO 23.45 × 24.95, spread 6.2% of mid · Δ -0.49 net GEX +$2.0m per 1% (calls +$10.6m, puts -$8.6m)strike 495 calls: OI 1,643 (+45) · vol 31 (at ask 19, at bid 11, sweep 1, multi-leg 8) · NBBO 27.60 × 28.95, spread 4.8% of mid · Δ 0.54 puts: OI 2,525 (-5) · vol 32 (at ask 19, at bid 13, sweep 1, multi-leg 25) · NBBO 21.40 × 22.80, spread 6.3% of mid · Δ -0.46 net GEX -$1.9m per 1% (calls +$2.4m, puts -$4.3m)strike 490 calls: OI 4,204 (+10) · vol 101 (at ask 62, at bid 37, sweep 2, multi-leg 12) · NBBO 30.60 × 31.75, spread 3.7% of mid · Δ 0.57 puts: OI 2,706 (-9) · vol 8 (at ask 6, at bid 2, multi-leg 1) · NBBO 18.80 × 20.90, spread 10.6% of mid · Δ -0.42 net GEX +$1.5m per 1% (calls +$6.0m, puts -$4.5m)strike 485 calls: OI 2,064 (+34) · vol 61 (at ask 22, at bid 39, multi-leg 50) · NBBO 33.05 × 35.30, spread 6.6% of mid · Δ 0.60 puts: OI 892 (+49) · vol 11 (at ask 3, at bid 8, sweep 1, multi-leg 5) · NBBO 16.75 × 18.40, spread 9.4% of mid · Δ -0.39 net GEX +$1.4m per 1% (calls +$2.9m, puts -$1.4m)strike 480 calls: OI 11,822 (+6) · vol 33 (at ask 26, at bid 5, sweep 1, multi-leg 18) · NBBO 36.50 × 38.00, spread 4.0% of mid · Δ 0.63 puts: OI 1,715 (+81) · vol 38 (at ask 19, at bid 15, sweep 3, multi-leg 14) · NBBO 15.45 × 16.20, spread 4.7% of mid · Δ -0.36 net GEX +$13.3m per 1% (calls +$15.9m, puts -$2.6m)strike 475 calls: OI 1,040 (+7) · vol 11 (at ask 7, at bid 2, multi-leg 9) · NBBO 39.60 × 41.45, spread 4.6% of mid · Δ 0.66 puts: OI 1,503 (+3) · vol 42 (at ask 30, at bid 12, sweep 3, multi-leg 6) · NBBO 13.65 × 14.55, spread 6.4% of mid · Δ -0.33 net GEX -$849k per 1% (calls +$1.3m, puts -$2.2m)strike 470 calls: OI 4,630 (+1) · vol 3 (at ask 2, at bid 1, multi-leg 1) · NBBO 42.55 × 44.95, spread 5.5% of mid · Δ 0.68 puts: OI 1,739 (+78) · vol 119 (at ask 79, at bid 40, multi-leg 6) · NBBO 11.65 × 13.35, spread 13.6% of mid · Δ -0.30 net GEX +$3.3m per 1% (calls +$5.7m, puts -$2.4m)strike 465 calls: OI 1,787 (-4) · vol 160 (at ask 84, at bid 75, sweep 1, multi-leg 2) · NBBO 46.30 × 48.40, spread 4.4% of mid · Δ 0.71 puts: OI 933 (+67) · vol 17 (at ask 8, at bid 7, sweep 1, multi-leg 6) · NBBO 10.40 × 11.55, spread 10.5% of mid · Δ -0.27 net GEX +$884k per 1% (calls +$2.1m, puts -$1.2m)strike 460 calls: OI 2,082 (+38) · vol 13 (at ask 4, at bid 9, multi-leg 9) · NBBO 49.65 × 52.30, spread 5.2% of mid · Δ 0.73 puts: OI 2,220 (+93) · vol 104 (at ask 51, at bid 51, sweep 2, multi-leg 42) · NBBO 9.40 × 10.20, spread 8.2% of mid · Δ -0.25 net GEX -$406k per 1% (calls +$2.3m, puts -$2.7m)strike 455 calls: OI 827 (+2) · vol 2 (at ask 2, at bid 0, multi-leg 1) · NBBO 53.40 × 56.45, spread 5.6% of mid · Δ 0.75 puts: OI 1,666 (+54) · vol 12 (at ask 3, at bid 7, sweep 1, multi-leg 1) · NBBO 8.25 × 9.40, spread 13.0% of mid · Δ -0.22 net GEX -$1.0m per 1% (calls +$872k, puts -$1.9m)strike 450 calls: OI 4,696 (+3) · vol 17 (at ask 9, at bid 7, multi-leg 12) · NBBO 57.95 × 59.95, spread 3.4% of mid · Δ 0.77 puts: OI 2,728 (+195) · vol 98 (at ask 39, at bid 41, sweep 1, multi-leg 11) · NBBO 7.25 × 7.80, spread 7.3% of mid · Δ -0.20 net GEX +$1.7m per 1% (calls +$4.6m, puts -$2.9m)strike 445 calls: OI 1,160 (-1) · vol 1 (at ask 0, at bid 1, multi-leg 1) · NBBO 61.40 × 64.30, spread 4.6% of mid · Δ 0.79 puts: OI 1,035 (+41) · vol 35 (at ask 17, at bid 4, sweep 1, multi-leg 4) · NBBO 6.45 × 7.30, spread 12.4% of mid · Δ -0.18 net GEX +$54k per 1% (calls +$1.1m, puts -$1.0m)strike 440 calls: OI 2,090 (-2) · vol 11 (at ask 9, at bid 2, multi-leg 11) · NBBO 65.60 × 68.25, spread 4.0% of mid · Δ 0.81 puts: OI 1,951 (+26) · vol 30 (at ask 11, at bid 18, sweep 1, multi-leg 21) · NBBO 5.40 × 6.20, spread 13.8% of mid · Δ -0.16 net GEX +$43k per 1% (calls +$1.8m, puts -$1.8m)strike 435 calls: OI 904 (-1) · vol 1 (at ask 0, at bid 1, multi-leg 1) · NBBO 69.85 × 73.00, spread 4.4% of mid · Δ 0.82 puts: OI 1,080 (+5) · vol 8 (at ask 2, at bid 4, sweep 2, multi-leg 1) · NBBO 4.65 × 5.40, spread 14.9% of mid · Δ -0.14 net GEX -$165k per 1% (calls +$731k, puts -$896k)strike 430 calls: OI 1,299 (+1) · vol 1 (at ask 1, at bid 0, multi-leg 1) · NBBO 74.25 × 76.85, spread 3.4% of mid · Δ 0.84 puts: OI 1,983 (+3) · vol 15 (at ask 2, at bid 13, multi-leg 9) · NBBO 4.00 × 5.05, spread 23.2% of mid · Δ -0.13 net GEX -$521k per 1% (calls +$976k, puts -$1.5m)strike 425 calls: OI 1,372 (-1) · vol 0 (at ask 0, at bid 0) · NBBO 78.65 × 81.30, spread 3.3% of mid · Δ 0.85 puts: OI 1,052 (+1) · vol 12 (at ask 5, at bid 7, sweep 2, multi-leg 1) · NBBO 3.65 × 4.20, spread 14.0% of mid · Δ -0.11 net GEX +$236k per 1% (calls +$956k, puts -$721k)strike 420 calls: OI 26,382 (-5,000) · vol 0 (at ask 0, at bid 0) · NBBO 83.10 × 86.35, spread 3.8% of mid · Δ 0.86 puts: OI 2,397 (+6) · vol 88 (at ask 84, at bid 1, sweep 2, multi-leg 10) · NBBO 3.20 × 3.85, spread 18.4% of mid · Δ -0.10 net GEX +$15.6m per 1% (calls +$17.1m, puts -$1.5m)strike 415 calls: OI 1,053 (+0) · vol 1 (at ask 0, at bid 1, multi-leg 1) · NBBO 87.60 × 90.30, spread 3.0% of mid · Δ 0.87 puts: OI 1,210 (-7) · vol 6 (at ask 1, at bid 4, sweep 1, multi-leg 4) · NBBO 2.55 × 3.20, spread 22.6% of mid · Δ -0.09 net GEX -$48k per 1% (calls +$631k, puts -$678k)strike 410 calls: OI 990 (+0) · vol 8 (at ask 7, at bid 1) · NBBO 92.25 × 94.90, spread 2.8% of mid · Δ 0.88 puts: OI 2,819 (-36) · vol 8 (at ask 5, at bid 2, multi-leg 2) · NBBO 2.55 × 2.90, spread 12.8% of mid · Δ -0.08 net GEX -$872k per 1% (calls +$550k, puts -$1.4m)strike 405 calls: OI 1,265 (+0) · vol 3 (at ask 1, at bid 2, multi-leg 2) · NBBO 97.15 × 100.15, spread 3.0% of mid · Δ 0.89 puts: OI 1,267 (+8) · vol 67 (at ask 60, at bid 6, sweep 3) · NBBO 2.23 × 2.63, spread 16.5% of mid · Δ -0.07 net GEX +$78k per 1% (calls +$652k, puts -$574k)strike 400 calls: OI 4,311 (+2) · vol 2 (at ask 2, at bid 0, multi-leg 2) · NBBO 101.40 × 104.85, spread 3.3% of mid · Δ 0.89 puts: OI 3,865 (+10) · vol 60 (at ask 35, at bid 24, multi-leg 3) · NBBO 2.05 × 2.20, spread 7.1% of mid · Δ -0.06 net GEX +$494k per 1% (calls +$2.1m, puts -$1.6m)strike 395 calls: OI 1,431 (+1) · vol 0 (at ask 0, at bid 0) · NBBO 106.10 × 109.60, spread 3.2% of mid · Δ 0.90 puts: OI 2,673 (+0) · vol 6 (at ask 3, at bid 3) · NBBO 1.60 × 2.00, spread 22.2% of mid · Δ -0.06 net GEX -$339k per 1% (calls +$636k, puts -$975k)strike 390 calls: OI 1,213 (-2) · vol 0 (at ask 0, at bid 0) · NBBO 110.90 × 114.40, spread 3.1% of mid · Δ 0.91 puts: OI 2,982 (+2) · vol 178 (at ask 89, at bid 70, multi-leg 108) · NBBO 1.51 × 1.79, spread 17.0% of mid · Δ -0.05 net GEX -$475k per 1% (calls +$501k, puts -$976k)strike 385 calls: OI 865 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 115.70 × 119.10, spread 2.9% of mid · Δ 0.91 puts: OI 1,369 (+13) · vol 7 (at ask 3, at bid 1, multi-leg 1) · NBBO 1.32 × 1.59, spread 18.6% of mid · Δ -0.04 net GEX -$68k per 1% (calls +$332k, puts -$400k)strike 380 calls: OI 671 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 120.45 × 124.00, spread 2.9% of mid · Δ 0.92 puts: OI 3,618 (-58) · vol 4 (at ask 1, at bid 1) · NBBO 1.20 × 1.45, spread 18.9% of mid · Δ -0.04 net GEX -$697k per 1% (calls +$240k, puts -$937k)strike 375 calls: OI 843 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 125.25 × 128.85, spread 2.8% of mid · Δ 0.92 puts: OI 1,414 (-41) · vol 2 (at ask 0, at bid 2) · NBBO 1.00 × 1.28, spread 24.6% of mid · Δ -0.03 net GEX -$44k per 1% (calls +$281k, puts -$325k)

2026-11-20 expiry, 50 strikes within ±25% of book spot (the flip search band); 47 hidden (13 above, 34 below), 47 of them with open interest. One row per listed strike: rows are evenly spaced, prices are not. Net GEX is this expiry's alone (+$146.4m per 1% in all); the walls, flip and headline sum every carried expiry. Volume is 2026-09-17's own - whether it opened positions shows in the 2026-09-18 book's change.

max pain $460.00 belongs to the 2026-10-16 monthly (29 days from 2026-09-17, as max_pain_expiry_dte stores it: the nearest monthly at least 7 days out), not to this expiry.

Table view · 50 strikes
putsstrikecallsGEX, $ per 1%
ΔOIOImulti-legsweep@bid@askvolΔspraskbidbidasksprΔvol@ask@bidsweepmulti-legOIΔOIputcallnet
+0000000-0.993.2%124.10120.256201.211.4518.0%0.0576100434+2+$0+$177k+$177k
+0000000-0.993.4%119.10115.156151.291.8033.0%0.0643000181+0+$0+$81k+$81k
-1000000-0.993.4%114.10110.256101.511.9625.9%0.0711010493+14+$0+$244k+$244k
-1000000-0.993.5%108.95105.206051.852.3423.4%0.072832112118,214+1+$0+$9.9m+$9.9m
-11400000-0.983.8%104.15100.306002.002.6126.5%0.0812332890254,943+49-$3k+$2.9m+$2.9m
+02200000-0.983.5%99.0095.605952.183.0533.3%0.0933020611+1-$6k+$394k+$388k
+01200000-0.973.2%93.9090.905902.753.3519.7%0.1054512011,102+117-$4k+$770k+$766k
+0600000-0.963.2%89.1586.305853.153.6514.7%0.127517575641,254-6-$3k+$952k+$949k
+04410011-0.943.7%84.8581.755803.504.5025.0%0.1350242512810,733+33-$28k+$8.8m+$8.8m
+01100000-0.923.8%80.0577.055754.004.8018.2%0.14685632183,925+3-$8k+$3.5m+$3.5m
+02200000-0.903.4%75.5072.955704.705.4514.8%0.1620191081,531-1-$19k+$1.5m+$1.4m
+04400000-0.884.3%71.2068.205655.306.1514.8%0.181117103051,175-1-$42k+$1.2m+$1.1m
+02400000-0.864.3%66.9564.105606.406.856.8%0.2025194256,808+12-$26k+$7.3m+$7.3m
-12000000-0.845.0%62.8559.805557.157.606.1%0.226235262201,583+12-$23k+$1.8m+$1.8m
+015300000-0.814.7%58.7056.005508.258.604.2%0.243117922831146,950+24-$194k+$8.3m+$8.2m
+02600000-0.784.9%54.8052.205459.1510.008.9%0.26111832311416,573-1-$35k+$20.9m+$20.8m
+04400000-0.755.2%50.9548.3554010.2511.259.3%0.292452162531423,787+118-$63k+$5.0m+$4.9m
+9604926915-0.724.8%46.9044.7053511.1512.5511.8%0.313092782313619,206+499-$911k+$26.3m+$25.4m
-115400101-0.695.0%43.3041.2053013.0014.007.4%0.348949361342,138+566-$242k+$3.0m+$2.8m
-143200000-0.666.3%40.1037.6552514.4516.2011.4%0.373920180231,578+29-$698k+$2.3m+$1.6m
+012300000-0.637.3%37.0034.4052016.2517.708.5%0.392231546431773,061+42-$202k+$4.5m+$4.3m
+1466251336-0.595.5%33.4031.6051518.5519.052.7%0.4210970370282,134-1-$1.1m+$3.2m+$2.1m
+33,50912031114-0.567.6%30.8528.6051020.3022.008.0%0.456324385173,785-15-$5.9m+$5.7m-$284k
+894723022123-0.535.0%27.7026.3550522.7023.754.5%0.48113287121431,503+37-$1.6m+$2.2m+$622k
+1504,9659039241-0.496.2%24.9523.4550025.2026.003.1%0.5125910513921597,104+115-$8.6m+$10.6m+$2.0m
-52,525251131932-0.466.3%22.8021.4049527.6028.954.8%0.54311911181,643+45-$4.3m+$2.4m-$1.9m
-92,70610268-0.4210.6%20.9018.8049030.6031.753.7%0.5710162372124,204+10-$4.5m+$6.0m+$1.5m
+49892518311-0.399.4%18.4016.7548533.0535.306.6%0.606122390502,064+34-$1.4m+$2.9m+$1.4m
+811,715143151938-0.364.7%16.2015.4548036.5038.004.0%0.633326511811,822+6-$2.6m+$15.9m+$13.3m
+31,50363123042-0.336.4%14.5513.6547539.6041.454.6%0.661172091,040+7-$2.2m+$1.3m-$849k
+781,739604079119-0.3013.6%13.3511.6547042.5544.955.5%0.68321014,630+1-$2.4m+$5.7m+$3.3m
+67933617817-0.2710.5%11.5510.4046546.3048.404.4%0.711608475121,787-4-$1.2m+$2.1m+$884k
+932,2204225151104-0.258.2%10.209.4046049.6552.305.2%0.731349092,082+38-$2.7m+$2.3m-$406k
+541,666117312-0.2213.0%9.408.2545553.4056.455.6%0.7522001827+2-$1.9m+$872k-$1.0m
+1952,728111413998-0.207.3%7.807.2545057.9559.953.4%0.7717970124,696+3-$2.9m+$4.6m+$1.7m
+411,0354141735-0.1812.4%7.306.4544561.4064.304.6%0.79101011,160-1-$1.0m+$1.1m+$54k
+261,951211181130-0.1613.8%6.205.4044065.6068.254.0%0.8111920112,090-2-$1.8m+$1.8m+$43k
+51,08012428-0.1414.9%5.404.6543569.8573.004.4%0.8210101904-1-$896k+$731k-$165k
+31,9839013215-0.1323.2%5.054.0043074.2576.853.4%0.84110011,299+1-$1.5m+$976k-$521k
+11,052127512-0.1114.0%4.203.6542578.6581.303.3%0.85000001,372-1-$721k+$956k+$236k
+62,39710218488-0.1018.4%3.853.2042083.1086.353.8%0.860000026,382-5,000-$1.5m+$17.1m+$15.6m
-71,21041416-0.0922.6%3.202.5541587.6090.303.0%0.87101011,053+0-$678k+$631k-$48k
-362,81920258-0.0812.8%2.902.5541092.2594.902.8%0.8887100990+0-$1.4m+$550k-$872k
+81,2670366067-0.0716.5%2.632.2340597.15100.153.0%0.89312021,265+0-$574k+$652k+$78k
+103,86530243560-0.067.1%2.202.05400101.40104.853.3%0.89220024,311+2-$1.6m+$2.1m+$494k
+02,67300336-0.0622.2%2.001.60395106.10109.603.2%0.90000001,431+1-$975k+$636k-$339k
+22,98210807089178-0.0517.0%1.791.51390110.90114.403.1%0.91000001,213-2-$976k+$501k-$475k
+131,36910137-0.0418.6%1.591.32385115.70119.102.9%0.9100000865+0-$400k+$332k-$68k
-583,61800114-0.0418.9%1.451.20380120.45124.002.9%0.9200000671+0-$937k+$240k-$697k
-411,41400202-0.0324.6%1.281.00375125.25128.852.8%0.9200000843+0-$325k+$281k-$44k