Data through close

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

As of close · rank #2138 by open interest · snapshot page

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MLM's nearest-expiration max pain is 470.00 for 2026-10-16, its GEX flip is 102.82, net GEX is 821,866, its put/call open-interest ratio is 0.33. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
482.63
prev 479.30
Gamma max
513.72
+6.4% from close
Delta neutral
457.40
-5.2% from close
Gamma neutral
102.82
-78.7% from close
Open interest
9,136
+1.3% vs prev
Contracts listed
242
145 calls · 104 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
470.00
-2.6% from close
2026-10-16
GEX flip
102.82
-78.7% from close
Net GEX
821,866
8,995,908 per 100k OI
Call wall
540.00
+11.9% from close
Put wall
490.00
+1.5% from close
Put/call OI
0.33
2,258 puts / 6,878 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
31.1
within trailing 52-week range
Front / back ATM IV
+30.6% / +31.9%
-1.2 pp front premium
Expected move
+6.0%
14 DTE · one standard deviation
ATM straddle / spot
+4.7%
front-window midpoint premium
25Δ risk reversal
-1.2 pp
put IV minus call IV
IV butterfly
-1.7 pp
front-window smile convexity
Volume / open interest
0.01
121 contracts traded
Normalized net delta
0.098
option-holder convention
Modeled dealer delta
-0.098
opposite-side scenario
Vanna / 100k OI
1,708
volatility-sensitive delta
Charm / 100k OI
-3,337,040
time-decay-sensitive delta
IV surface range
51.1 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

MLM closed 6.4% below its gamma max of 513.72. It is 5.2% above the delta neutral price of 457.40. Total open interest is 9,136, +1.3% 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

← PRTH (#2137) WFRD (#2139) →

Questions people ask about MLM

Where is MLM's gamma max today?

As of Oct 2, 2026, the gamma max for MLM is 513.72, +6.4% from the 482.63 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 MLM above or below its delta neutral price?

MLM closed above delta neutral: 482.63 against a delta neutral price of 457.40. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MLM have?

9,136 contracts of open interest across 242 listed contracts on Oct 2, 2026, +1.3% 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.