Data through close

MAKX max pain, gamma exposure (GEX) & options open interest

As of close · rank #5079 by open interest · snapshot page

MAKX's nearest-expiration max pain is 54.00 for 2026-11-20, net GEX is 4,323, its put/call open-interest ratio is 1.43. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
71.01
prev 69.55
Gamma max
–
Delta neutral
–
Gamma neutral
–
Open interest
34
0.0% vs prev
Contracts listed
5
4 calls · 1 puts

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.

Nearest max pain
54.00
-24.0% from close
2026-11-20
GEX flip
–
Net GEX
4,323
12,714,670 per 100k OI
Call wall
71.00
-0.0% from close
Put wall
54.00
-24.0% from close
Put/call OI
1.43
20 puts / 14 calls

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.

Catalyst intensity
–
cross-sectional score / 100
Directional score
–
IV rank
0.0
within trailing 52-week range
Front / back ATM IV
+14.5% / +14.5%
0.0 pp front premium
Expected move
+5.3%
49 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.00
0 contracts traded
Normalized net delta
0.185
option-holder convention
Modeled dealer delta
-0.179
opposite-side scenario
Vanna / 100k OI
0
volatility-sensitive delta
Charm / 100k OI
0
time-decay-sensitive delta
IV surface range
0.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

Total open interest is 34, 0.0% versus the previous session. What gamma max means · What delta neutral means

History

Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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In today's screens

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Neighbours by open interest

Questions people ask about MAKX

Where is MAKX's gamma max today?

No gamma max could be computed for MAKX on Oct 2, 2026. 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 MAKX above or below its delta neutral price?

No delta neutral price was available for MAKX on Oct 2, 2026. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MAKX have?

34 contracts of open interest across 5 listed contracts on Oct 2, 2026, 0.0% 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.