MAGS max pain, gamma exposure (GEX) & options open interest
As of close · rank #480 by open interest · 835 sessions of history since Dec 7, 2020
MAGS's nearest-expiration max pain is 71.00 for 2026-10-09, its GEX flip is 60.12, net GEX is 26,242,247, its put/call open-interest ratio is 0.50. 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.
MAGS closed 1.4% below its gamma max of 73.62. It is 7.9% above the delta neutral price of 66.83. Total open interest is 155,936, -8.0% versus the previous session. Its options catalyst-intensity score is 44.2 out of 100. 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 | -4,188 contracts · -3.9% |
| Put OI change, 1 session | -9,445 contracts · -15.4% |
| Call minus put OI growth, 1 session | +11.5 pp |
| Call OI change, 5 sessions | +4,215 contracts · +4.2% |
| Put OI change, 5 sessions | -4,012 contracts · -7.2% |
| Call minus put OI growth, 5 sessions | +11.4 pp |
| Daily call OI change surprise | -0.52σ (252 prior changes) |
| Daily put OI change surprise | -3.28σ (252 prior changes) |
| Daily call-minus-put growth surprise | +1.12σ (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 24 completed Day +10 paths · latest Sep 23, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 25 | +0.0% | -1.1% to +1.0% | 52% | -1.1% to +0.7% | 0.0% |
| Day +2 | 25 | +0.2% | -1.6% to +2.4% | 64% | -1.2% to +1.1% | 0.0% |
| Day +3 | 25 | +0.1% | -0.9% to +1.1% | 52% | -0.8% to +1.1% | 0.0% |
| Day +4 | 25 | +0.0% | -2.0% to +1.4% | 52% | -1.6% to +1.3% | 0.0% |
| Day +5 | 25 | -0.9% | -2.5% to +1.1% | 36% | -1.4% to +0.2% | 0.0% |
| Day +6 | 25 | -0.6% | -2.0% to +0.6% | 48% | -1.9% to +0.5% | 0.0% |
| Day +7 | 25 | +0.0% | -2.3% to +2.0% | 52% | -1.8% to +1.4% | 0.0% |
| Day +8 | 24 | +0.4% | -1.6% to +1.8% | 58% | -1.6% to +1.1% | 0.0% |
| Day +9 | 24 | +0.6% | -2.0% to +1.7% | 63% | -0.7% to +1.4% | 0.0% |
| Day +10 | 24 | +0.7% | -1.1% to +2.0% | 58% | -1.1% to +1.6% | 0.0% |
Crosses above gamma max 26 completed Day +10 paths · latest Sep 21, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 27 | -0.1% | -0.3% to +0.9% | 44% | -0.3% to +0.6% | 0.0% |
| Day +2 | 27 | -0.1% | -1.3% to +0.9% | 48% | -1.0% to +0.8% | 0.0% |
| Day +3 | 27 | +0.3% | -1.8% to +1.2% | 56% | -1.5% to +0.9% | 0.0% |
| Day +4 | 27 | +1.0% | -0.7% to +2.4% | 63% | -0.3% to +1.5% | 0.0% |
| Day +5 | 27 | +0.9% | -1.5% to +2.5% | 59% | -1.3% to +1.7% | 0.0% |
| Day +6 | 27 | +0.1% | -2.2% to +2.4% | 52% | -2.2% to +1.5% | 0.0% |
| Day +7 | 27 | +0.0% | -1.8% to +1.3% | 52% | -1.7% to +0.8% | 0.0% |
| Day +8 | 27 | -0.2% | -2.1% to +2.3% | 44% | -2.1% to +1.1% | 0.0% |
| Day +9 | 27 | -0.2% | -2.6% to +2.1% | 48% | -2.5% to +1.8% | 0.0% |
| Day +10 | 26 | +0.3% | -2.1% to +2.6% | 54% | -0.9% to +1.5% | 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 | 11% |
| Gamma max crosses | 26 |
| Delta neutral crosses | 12 |
| Prior-year sessions closer to gamma max | 28.6% of 252 |
| Prior-year sessions closer to delta neutral | 59.5% of 252 |
| Open interest percentile (1y) | 79th |
| Daily open interest change versus prior year | -1.30σ (-13,633 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +0.1% |
| Open interest change, 21 sessions | -12.1% |
| History available | Dec 7, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 72.08 vs 72.30 (-0.3%)
- closed above gamma max at 72.97 vs 71.14 (+2.5%)
- closed below gamma max at 68.26 vs 69.54 (-1.9%)
- closed above gamma max at 68.49 vs 68.37 (+0.2%)
- closed below gamma max at 68.44 vs 68.97 (-0.8%)
- closed above gamma max at 69.14 vs 69.08 (+0.1%)
- closed below gamma max at 68.42 vs 68.63 (-0.3%)
- closed above gamma max at 68.38 vs 67.70 (+1.0%)
- closed below gamma max at 66.91 vs 68.26 (-2.0%)
- closed above gamma max at 69.02 vs 68.61 (+0.6%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
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/MAGS
Questions people ask about MAGS
Where is MAGS's gamma max today?
As of Oct 2, 2026, the gamma max for MAGS is 73.62, +1.4% from the 72.59 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 MAGS above or below its delta neutral price?
MAGS closed above delta neutral: 72.59 against a delta neutral price of 66.83. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does MAGS have?
155,936 contracts of open interest across 565 listed contracts on Oct 2, 2026, -8.0% 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.