Data through close

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

As of close · rank #1634 by open interest · snapshot page

Chart Download CSV JSON snapshot Advanced analysis

MIAX's nearest-expiration max pain is 40.00 for 2026-10-16, its GEX flip is 31.39, net GEX is 83,587, its put/call open-interest ratio is 0.53. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
33.01
prev 33.75
Gamma max
46.89
+42.1% from close
Delta neutral
36.97
+12.0% from close
Gamma neutral
31.39
-4.9% from close
Open interest
18,365
+0.2% vs prev
Contracts listed
89
60 calls · 39 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
40.00
+21.2% from close
2026-10-16
GEX flip
31.39
-4.9% from close
Net GEX
83,587
455,144 per 100k OI
Call wall
45.00
+36.3% from close
Put wall
35.00
+6.0% from close
Put/call OI
0.53
6,374 puts / 11,991 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
51.4
within trailing 52-week range
Front / back ATM IV
– / –
– pp front premium
Expected move
–
– DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
-12.0 pp
put IV minus call IV
IV butterfly
10.2 pp
front-window smile convexity
Volume / open interest
0.01
158 contracts traded
Normalized net delta
-0.116
option-holder convention
Modeled dealer delta
0.116
opposite-side scenario
Vanna / 100k OI
3,169
volatility-sensitive delta
Charm / 100k OI
-587,427
time-decay-sensitive delta
IV surface range
29.2 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

MIAX closed 42.1% below its gamma max of 46.89. It is 12.0% below the delta neutral price of 36.97. Total open interest is 18,365, +0.2% 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

Chart loads when this section is in view.

In today's screens

Not in any screen today. See all screens.

Neighbours by open interest

← JXN (#1633) SRE (#1635) →

Questions people ask about MIAX

Where is MIAX's gamma max today?

As of Oct 2, 2026, the gamma max for MIAX is 46.89, +42.1% from the 33.01 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 MIAX above or below its delta neutral price?

MIAX closed below delta neutral: 33.01 against a delta neutral price of 36.97. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MIAX have?

18,365 contracts of open interest across 89 listed contracts on Oct 2, 2026, +0.2% 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.