MA max pain, gamma exposure (GEX) & options open interest
As of close · rank #534 by open interest · 1,394 sessions of history since Dec 1, 2020
MA's nearest-expiration max pain is 565.00 for 2026-10-09, its GEX flip is 552.30, net GEX is -10,163, its put/call open-interest ratio is 1.00. These are whole-chain derived aggregates as of Oct 2, 2026 close.
Whole-chain analytics
Derived after the close from the same dated options chain. Signed gamma exposure uses calls positive and puts negative; it is a model convention, not observed dealer inventory.
Advanced options analysis
Complete derived analysis from the dated chain, normalized where possible for comparison across tickers. Catalyst intensity measures unusual pricing and activity; it does not identify an event, predict direction, or establish that an investment is attractive.
Strongest relative signals: IV rank 100 · smile convexity 8.8 pp
MA closed 9.1% below its gamma max of 602.50. It is 2.0% above the delta neutral price of 541.23. Total open interest is 132,476, -2.9% versus the previous session. Its options catalyst-intensity score is 52.4 out of 100, led by IV rank 100, smile convexity 8.8 pp. What gamma max means · What delta neutral means
Call versus put open interest changes
Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -1,278 contracts · -1.9% |
| Put OI change, 1 session | -2,700 contracts · -3.9% |
| Call minus put OI growth, 1 session | +2.0 pp |
| Call OI change, 5 sessions | +1,971 contracts · +3.1% |
| Put OI change, 5 sessions | +1,229 contracts · +1.9% |
| Call minus put OI growth, 5 sessions | +1.2 pp |
| Daily call OI change surprise | -0.33σ (252 prior changes) |
| Daily put OI change surprise | -0.70σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.96σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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Gamma walls
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What followed prior gamma-max crosses?
Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.
Crosses below gamma max 9 completed Day +10 paths · latest Jul 31, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 9 | -0.4% | -1.2% to +0.0% | 33% | -1.5% to +0.7% | 0.0% |
| Day +2 | 9 | -0.3% | -1.5% to +1.0% | 33% | -1.9% to +1.4% | 0.0% |
| Day +3 | 9 | +0.3% | -2.1% to +1.2% | 56% | -2.7% to +1.7% | 0.0% |
| Day +4 | 9 | -0.5% | -2.0% to +0.5% | 44% | -2.4% to +1.1% | 0.0% |
| Day +5 | 9 | -0.9% | -1.4% to -0.6% | 22% | -1.8% to +1.2% | 0.0% |
| Day +6 | 9 | -0.3% | -0.8% to +1.4% | 44% | -1.7% to +1.5% | 0.0% |
| Day +7 | 9 | -0.0% | -0.3% to +2.3% | 44% | -2.0% to +3.5% | 0.0% |
| Day +8 | 9 | +1.0% | -1.9% to +1.4% | 56% | -2.3% to +3.6% | 0.0% |
| Day +9 | 9 | +1.9% | -1.1% to +2.3% | 67% | -1.1% to +6.2% | 0.0% |
| Day +10 | 9 | +0.8% | -0.7% to +1.9% | 67% | -1.5% to +5.4% | 0.0% |
Crosses above gamma max 9 completed Day +10 paths · latest Jul 30, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 9 | -0.7% | -1.4% to +0.4% | 33% | -1.4% to +0.7% | 0.0% |
| Day +2 | 9 | -1.1% | -1.4% to -0.7% | 22% | -3.7% to +0.7% | 0.0% |
| Day +3 | 9 | -1.1% | -2.3% to -0.1% | 22% | -2.4% to +1.2% | 0.0% |
| Day +4 | 9 | -0.5% | -1.2% to +0.2% | 44% | -2.3% to +0.2% | 0.0% |
| Day +5 | 9 | -0.6% | -1.6% to +0.1% | 33% | -1.9% to +0.1% | 0.0% |
| Day +6 | 9 | -0.5% | -2.2% to +0.1% | 33% | -2.5% to +0.7% | 0.0% |
| Day +7 | 9 | -0.1% | -1.8% to +0.1% | 44% | -2.1% to +0.7% | 0.0% |
| Day +8 | 9 | -0.1% | -0.2% to +1.6% | 44% | -2.8% to +2.0% | 0.0% |
| Day +9 | 9 | +0.9% | -0.1% to +2.1% | 67% | -2.6% to +2.4% | 0.0% |
| Day +10 | 9 | +1.1% | +0.4% to +3.9% | 78% | -1.8% to +4.7% | 0.0% |
Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.
Last 252 sessions
| Sessions closed above gamma max | 1% |
| Gamma max crosses | 6 |
| Delta neutral crosses | 26 |
| Prior-year sessions closer to gamma max | 50.0% of 252 |
| Prior-year sessions closer to delta neutral | 36.5% of 252 |
| Open interest percentile (1y) | 40th |
| Daily open interest change versus prior year | -0.52σ (-3,978 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +2.5% |
| Open interest change, 21 sessions | -9.4% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 573.10 vs 589.54 (-2.9%)
- closed above gamma max at 577.35 vs 575.32 (+0.4%)
- closed below gamma max at 543.60 vs 566.42 (-4.2%)
- closed above gamma max at 551.54 vs 549.97 (+0.3%)
- closed below gamma max at 539.39 vs 546.06 (-1.2%)
- closed above gamma max at 522.63 vs 520.99 (+0.3%)
- closed above delta neutral at 498.36 vs 494.52 (+0.8%)
- closed below delta neutral at 490.30 vs 492.11 (-0.4%)
- closed above delta neutral at 494.29 vs 494.06 (+0.0%)
- closed below delta neutral at 493.65 vs 495.88 (-0.5%)
In today's screens
Neighbours by open interest
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Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/MA
Questions people ask about MA
Where is MA's gamma max today?
As of Oct 2, 2026, the gamma max for MA is 602.50, +9.1% from the 552.26 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 MA above or below its delta neutral price?
MA closed above delta neutral: 552.26 against a delta neutral price of 541.23. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does MA have?
132,476 contracts of open interest across 1,286 listed contracts on Oct 2, 2026, -2.9% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from licensed end-of-day options data; only derived aggregates are published. Methodology · Data and licence · Not investment advice.