SPX Options
SPX $7,520.93 · Updated Nov 10, 4:00 PM ET
SPX is at $7,520.93. The nearest expiration, Nov 11, 2026 (1 day out), lists 287 strikes, with 173,543 calls and 190,395 puts traded in the latest session. At-the-money implied volatility is 24.9%. The at-the-money straddle prices a move of about $74.20 (1.0%) by expiration.
SPX Options Chain
SPX is at $7,520.93. The nearest expiration, Nov 11, 2026 (1 day out), lists 287 strikes, with 173,543 calls and 190,395 puts traded in the latest session. At-the-money implied volatility is 24.9%. The at-the-money straddle prices a move of about $74.20 (1.0%) by expiration.
SPX Gamma Exposure (GEX)
SPX total dealer gamma exposure is -$6.03B across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $7,587.50, with spot 0.9% below it. The call wall is $8,000.00 and the put wall $7,000.00.
SPX Max Pain
SPX max pain for Nov 11, 2026 (1 day out) is $7,550.00, 0.4% above the current $7,520.93. That is the settlement price at which the open contracts on that date would pay holders the least. For Dec 10, 2026, max pain is $7,525.00.
SPX Put/Call Ratio (Put to Call Ratio)
Across every listed SPX expiration, the put/call ratio is 1.35 by volume and 1.47 by open interest. More puts than calls are trading, a defensive tilt. 11,715,140 puts and 7,960,775 calls are open in total.
SPX Implied Volatility
SPX at-the-money implied volatility is 24.9% for Nov 11, 2026 (1 day out). For Dec 10, 2026 it is 15.6%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
SPX Open Interest by Strike
Across all SPX expirations, the largest call open interest near the current $7,520.93 sits at the $7,000.00 strike (903,238 contracts) and the largest put open interest at $7,000.00 (1,034,895). 7,960,775 calls and 11,715,140 puts are open in total.
SPX Expected Move
The options market prices SPX to move about $74.20 (1.0%) by Nov 11, 2026, a range of $7,446.73 to $7,595.13. For Dec 10, 2026 (30 days out) the expected move is $273.75 (3.6%).