M gamma max, delta neutral & open interest levels
As of close · rank #459 by open interest · 1,379 sessions of history since Dec 1, 2020
M closed 13.6% below its gamma max of 25.08. It is 0.2% below the delta neutral price of 22.13. Total open interest is 181,783, -14.3% versus the previous session. What gamma max means · What delta neutral means
One-year history
Last 252 sessions
| Sessions closed above gamma max | 6% |
| Gamma max crosses | 27 |
| Delta neutral crosses | 9 |
| Open interest percentile (1y) | 58th |
| Open interest change, 5 sessions | +8.2% |
| Open interest change, 21 sessions | +11.1% |
| History available | Dec 1, 2020 → Sep 11, 2026 |
Recent crosses
- closed below delta neutral at 20.50 vs 20.96 (-2.3%)
- closed above delta neutral at 23.05 vs 22.77 (+1.2%)
- closed below delta neutral at 22.47 vs 22.68 (-0.9%)
- closed above delta neutral at 21.93 vs 21.09 (+3.8%)
- closed below delta neutral at 21.96 vs 22.49 (-2.4%)
- closed above delta neutral at 22.01 vs 21.10 (+4.2%)
- closed below delta neutral at 22.51 vs 22.99 (-2.1%)
- closed below gamma max at 23.95 vs 25.08 (-4.7%)
- closed above gamma max at 24.66 vs 24.33 (+1.3%)
- closed below gamma max at 24.68 vs 25.02 (-1.4%)
In today's screens
Not in any screen today. See all screens.
Neighbours by open interest
Questions people ask about M
Where is M's gamma max today?
As of Sep 11, 2026, the gamma max for M is 25.08, +13.6% from the 22.08 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 M above or below its delta neutral price?
M closed below delta neutral: 22.08 against a delta neutral price of 22.13. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does M have?
181,783 contracts of open interest across 435 listed contracts on Sep 11, 2026, -14.3% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from end-of-day options data licensed from HistoricalOptionData.com; only derived aggregates are published. Methodology · Data and licence · Not investment advice.