Data through close

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

As of close · rank #3460 by open interest · snapshot page

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MANH's nearest-expiration max pain is 180.00 for 2026-10-16, its GEX flip is 157.87, net GEX is 85,124, its put/call open-interest ratio is 0.78. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
204.15
prev 204.15
Gamma max
205.28
+0.6% from close
Delta neutral
182.28
-10.7% from close
Gamma neutral
157.87
-22.7% from close
Open interest
1,406
+5.2% vs prev
Contracts listed
121
68 calls · 68 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
180.00
-11.8% from close
2026-10-16
GEX flip
157.87
-22.7% from close
Net GEX
85,124
6,054,371 per 100k OI
Call wall
200.00
-2.0% from close
Put wall
210.00
+2.9% from close
Put/call OI
0.78
615 puts / 791 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
26.6
within trailing 52-week range
Front / back ATM IV
+38.7% / +51.7%
-13.0 pp front premium
Expected move
+7.6%
14 DTE · one standard deviation
ATM straddle / spot
+5.8%
front-window midpoint premium
25Δ risk reversal
158.9 pp
put IV minus call IV
IV butterfly
1.7 pp
front-window smile convexity
Volume / open interest
0.01
11 contracts traded
Normalized net delta
0.187
option-holder convention
Modeled dealer delta
-0.179
opposite-side scenario
Vanna / 100k OI
213
volatility-sensitive delta
Charm / 100k OI
-2,304,267
time-decay-sensitive delta
IV surface range
48.2 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

MANH closed 0.6% below its gamma max of 205.28. It is 10.7% above the delta neutral price of 182.28. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 1,406, +5.2% 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

Neighbours by open interest

← STOK (#3459) SUNS (#3461) →

Questions people ask about MANH

Where is MANH's gamma max today?

As of Oct 2, 2026, the gamma max for MANH is 205.28, +0.6% from the 204.15 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 MANH above or below its delta neutral price?

MANH closed above delta neutral: 204.15 against a delta neutral price of 182.28. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MANH have?

1,406 contracts of open interest across 121 listed contracts on Oct 2, 2026, +5.2% 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.