Data through close

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

As of close · rank #2005 by open interest · snapshot page

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MFA's nearest-expiration max pain is 10.00 for 2026-10-16, net GEX is 49,593, its put/call open-interest ratio is 1.25. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
7.65
prev 7.74
Gamma max
7.92
+3.5% from close
Delta neutral
9.21
+20.4% from close
Gamma neutral
7.65
0.0% from close
Open interest
11,154
+2.0% vs prev
Contracts listed
29
33 calls · 27 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
10.00
+30.7% from close
2026-10-16
GEX flip
–
Net GEX
49,593
444,621 per 100k OI
Call wall
9.00
+17.6% from close
Put wall
9.00
+17.6% from close
Put/call OI
1.25
6,189 puts / 4,965 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
100.0
within trailing 52-week range
Front / back ATM IV
+59.1% / +49.6%
9.5 pp front premium
Expected move
+11.6%
14 DTE · one standard deviation
ATM straddle / spot
+14.1%
front-window midpoint premium
25Δ risk reversal
-184.8 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.10
1,121 contracts traded
Normalized net delta
-0.234
option-holder convention
Modeled dealer delta
0.230
opposite-side scenario
Vanna / 100k OI
-430
volatility-sensitive delta
Charm / 100k OI
680,554
time-decay-sensitive delta
IV surface range
66.5 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

MFA closed 3.5% below its gamma max of 7.92. It is 20.4% below the delta neutral price of 9.21. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 11,154, +2.0% 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

Neighbours by open interest

← SENS (#2004) CHRS (#2006) →

Questions people ask about MFA

Where is MFA's gamma max today?

As of Oct 2, 2026, the gamma max for MFA is 7.92, +3.5% from the 7.65 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 MFA above or below its delta neutral price?

MFA closed below delta neutral: 7.65 against a delta neutral price of 9.21. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MFA have?

11,154 contracts of open interest across 29 listed contracts on Oct 2, 2026, +2.0% 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.