Every number here is computed from the traded OIH options chain. The call wall is where dealer hedging accumulates above spot, the put wall is its mirror below, and the gamma flip is the level where hedging switches from running against the move to running with it.
OIH closed at $366.06 on Nov 4, 2026. Price was 10.18% below the gamma flip at $407.53.
The call wall is at $390.00. The put wall is at $360.00. Below the flip, dealer hedging adds to price moves.
Computed
Orange: negative gamma zone.Blue: positive gamma zone.
A read of structure from open-interest levels, not a directional forecast. The complete gamma exposure guide
The last recorded price. Every distance on this page is measured from it.
The largest cluster of call gamma. It often acts as a ceiling that slows a rally.
Read the explainerThe largest cluster of put gamma. It often acts as a floor that slows a decline.
Read the explainerWhere net gamma changes sign. Above it moves tend to calm, below it they tend to speed up.
Read the explainerLast completed session, from the Finviro engine close archive · today's session levels refresh every five minutes inside the platform.
VanEck Oil Services ETF is an exchange-traded fund, listed since 2011, with about $1.46B in assets. The fund's price follows what it holds, so it moves with its basket, not with one company.
VanEck Oil Services ETF (OIH) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Listed Oil Services 25 Index (MVOIHTR), which is intended to track the overall performance of U.S.-listed companies involved in oil services to the upstream oil sector, which include oil equipment, oil services, or oil drilling.
Its beta is 0.47: the fund is usually calmer than the broad market, so its moves are narrower than the index.
On the price was $365.61, below its 50-day simple average (DMA-50 at $400.16) by 8.6%, and below its 200-day average (DMA-200 at $398.24) by 8.2%. Price is below both averages: the medium- and long-term trend is down.
A fund does not publish earnings and revenue statements like a company, so its numbers are read from its assets and its price.
These numbers describe the fund's size and nature and change slowly, while gamma levels describe how the fund moves within the session.
At the Nov 4, 2026 close, OIH closed at $366.06: 6.14% below the call wall and 1.68% above the put wall. The gap between the two walls was 8.20% of the price. The close sat 10.18% below the gamma flip.
Over the last 52 weeks, OIH traded between $270.55 (Nov 21, 2025) and $459.28 (May 20, 2026). The last close of $366.06 on Nov 4, 2026 is 20.30% below the high and 35.30% above the low.
Over three months OIH underperformed SPY by 6.41 percentage points.
Closing prices from completed daily candles. A description of what happened, not a forecast.
Live walls, gamma flip, regime, options chain and archive for OIH are for members.
