Data through close

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

As of close · rank #324 by open interest · 1,394 sessions of history since Dec 1, 2020

MDB's nearest-expiration max pain is 350.00 for 2026-10-09, its GEX flip is 310.53, net GEX is 5,142,134, its put/call open-interest ratio is 0.64. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
357.96
prev 351.73
Gamma max
417.56
+16.7% from close
Delta neutral
300.22
-16.1% from close
Gamma neutral
310.53
-13.3% from close
Open interest
273,354
-16.4% vs prev
Contracts listed
2,011
1,274 calls · 1,113 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
350.00
-2.2% from close
2026-10-09
GEX flip
310.53
-13.3% from close
Net GEX
5,142,134
1,881,126 per 100k OI
Call wall
360.00
+0.6% from close
Put wall
350.00
-2.2% from close
Put/call OI
0.64
106,723 puts / 166,631 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
64.2
cross-sectional score / 100
Directional score
11.8
mixed positioning
IV rank
99.8
within trailing 52-week range
Front / back ATM IV
+57.8% / +55.7%
2.0 pp front premium
Expected move
+8.0%
7 DTE · one standard deviation
ATM straddle / spot
+5.5%
front-window midpoint premium
25Δ risk reversal
-6.0 pp
put IV minus call IV
IV butterfly
-4.5 pp
front-window smile convexity
Volume / open interest
0.10
34,187 contracts traded
Normalized net delta
0.184
option-holder convention
Modeled dealer delta
-0.183
opposite-side scenario
Vanna / 100k OI
678
volatility-sensitive delta
Charm / 100k OI
-2,027,323
time-decay-sensitive delta
IV surface range
91.9 pp
published contour maximum minus minimum

Strongest relative signals: front IV premium 2.0 pp · IV rank 100 · volume/OI 0.10

Download the complete dated analysis JSON .

MDB closed 16.7% below its gamma max of 417.56. It is 16.1% above the delta neutral price of 300.22. Total open interest is 273,354, -16.4% versus the previous session. Its options catalyst-intensity score is 64.2 out of 100, led by front IV premium 2.0 pp, IV rank 100, volume/OI 0.10. 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.

MDB call and put open interest changes
Measure Value
Call OI change, 1 session -34,292 contracts · -17.1%
Put OI change, 1 session -19,367 contracts · -15.4%
Call minus put OI growth, 1 session -1.7 pp
Call OI change, 5 sessions +35,290 contracts · +26.9%
Put OI change, 5 sessions +29,301 contracts · +37.8%
Call minus put OI growth, 5 sessions -11.0 pp
Daily call OI change surprise -3.99σ (252 prior changes)
Daily put OI change surprise -2.36σ (252 prior changes)
Daily call-minus-put growth surprise -0.50σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
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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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 13 completed Day +10 paths · latest Aug 14, 2026
MDB returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -20.0% -10.0% 0% +10.0% +20.0% Cross on Dec 14, 2020 Cross on Dec 18, 2020 Cross on Jun 10, 2021 Cross on Jun 15, 2021 Cross on Jun 18, 2021 Cross on Aug 26, 2021 Cross on Sep 7, 2021 Cross on Jun 5, 2023 Cross on Aug 29, 2025 Cross on Dec 3, 2025 Cross on Jun 2, 2026 Cross on Aug 10, 2026 Cross on Aug 14, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
MDB historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 13 -0.2% -2.4% to +1.7% 46% -2.4% to +1.7% 0.0%
Day +2 13 -0.8% -3.0% to +5.1% 46% -3.0% to +5.1% 0.0%
Day +3 13 +0.8% -0.2% to +4.3% 62% -0.2% to +4.3% 0.0%
Day +4 13 +1.2% -1.0% to +8.9% 62% -1.0% to +8.9% 0.0%
Day +5 13 +3.2% -1.7% to +5.3% 62% -1.7% to +5.3% 0.0%
Day +6 13 +3.6% -1.2% to +12.6% 69% -1.2% to +12.6% 0.0%
Day +7 13 +4.1% -3.1% to +10.6% 62% -3.1% to +10.6% 0.0%
Day +8 13 +2.5% -4.7% to +10.3% 62% -4.7% to +10.3% 0.0%
Day +9 13 +3.4% -4.3% to +6.8% 54% -4.3% to +6.8% 0.0%
Day +10 13 -0.2% -3.4% to +7.0% 46% -3.4% to +7.0% 0.0%
Crosses above gamma max 11 completed Day +10 paths · latest Aug 13, 2026
MDB returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -28.0% -14.0% 0% +14.0% +28.0% Cross on Dec 10, 2020 Cross on Dec 17, 2020 Cross on Jun 9, 2021 Cross on Jun 14, 2021 Cross on Jun 16, 2021 Cross on Aug 25, 2021 Cross on Mar 17, 2022 Cross on Feb 2, 2023 Cross on Jun 1, 2026 Cross on Aug 7, 2026 Cross on Aug 13, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
MDB historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 11 -0.2% -1.3% to +4.2% 45% -1.4% to +4.5% 0.0%
Day +2 11 +2.8% -3.3% to +5.7% 73% -7.1% to +6.6% 0.0%
Day +3 11 +5.1% -2.6% to +6.9% 73% -5.8% to +7.6% 0.0%
Day +4 11 +4.1% -3.6% to +7.4% 64% -6.7% to +8.7% 0.0%
Day +5 11 +7.9% -5.1% to +11.2% 64% -10.2% to +12.9% 0.0%
Day +6 11 +6.6% -5.7% to +9.9% 64% -8.8% to +10.0% 0.0%
Day +7 11 +9.0% -7.0% to +14.6% 64% -11.6% to +16.3% 0.0%
Day +8 11 +10.4% -4.5% to +16.0% 64% -6.9% to +17.0% 0.0%
Day +9 11 +6.9% -4.4% to +15.4% 64% -5.0% to +15.5% 0.0%
Day +10 11 +8.0% -6.4% to +17.9% 64% -6.7% to +18.6% 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

MDB trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 8
Delta neutral crosses 12
Prior-year sessions closer to gamma max 68.7% of 252
Prior-year sessions closer to delta neutral 66.3% of 252
Open interest percentile (1y) 98th
Daily open interest change versus prior year -3.34σ (-53,659 contracts; 252 prior changes)
Open interest change, 5 sessions +30.9%
Open interest change, 21 sessions +12.3%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed below gamma max at 460.33 vs 473.28 (-2.8%)
  2. closed above gamma max at 472.29 vs 459.52 (+2.7%)
  3. closed below gamma max at 416.67 vs 417.00 (-0.1%)
  4. closed above gamma max at 398.80 vs 388.89 (+2.5%)
  5. closed below gamma max at 398.25 vs 411.63 (-3.4%)
  6. closed above gamma max at 403.88 vs 384.72 (+4.7%)
  7. closed above delta neutral at 244.06 vs 241.60 (+1.0%)
  8. closed below delta neutral at 229.49 vs 241.72 (-5.3%)
  9. closed above delta neutral at 249.36 vs 246.05 (+1.3%)
  10. closed below delta neutral at 253.76 vs 255.18 (-0.6%)

In today's screens

Neighbours by open interest

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Questions people ask about MDB

Where is MDB's gamma max today?

As of Oct 2, 2026, the gamma max for MDB is 417.56, +16.7% from the 357.96 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 MDB above or below its delta neutral price?

MDB closed above delta neutral: 357.96 against a delta neutral price of 300.22. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MDB have?

273,354 contracts of open interest across 2,011 listed contracts on Oct 2, 2026, -16.4% 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.