Data through close

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

As of close · rank #637 by open interest · snapshot page

MMM's nearest-expiration max pain is 167.50 for 2026-10-09, its GEX flip is 151.46, net GEX is 4,299,007, its put/call open-interest ratio is 0.67. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
161.87
prev 163.06
Gamma max
177.95
+9.9% from close
Delta neutral
159.90
-1.2% from close
Gamma neutral
151.46
-6.4% from close
Open interest
99,772
-0.4% vs prev
Contracts listed
491
294 calls · 250 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
167.50
+3.5% from close
2026-10-09
GEX flip
151.46
-6.4% from close
Net GEX
4,299,007
4,308,831 per 100k OI
Call wall
175.00
+8.1% from close
Put wall
160.00
-1.2% from close
Put/call OI
0.67
39,932 puts / 59,840 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
93.5
within trailing 52-week range
Front / back ATM IV
+28.2% / +31.2%
-3.0 pp front premium
Expected move
+3.9%
7 DTE · one standard deviation
ATM straddle / spot
+2.7%
front-window midpoint premium
25Δ risk reversal
35.3 pp
put IV minus call IV
IV butterfly
3.5 pp
front-window smile convexity
Volume / open interest
0.07
7,691 contracts traded
Normalized net delta
0.028
option-holder convention
Modeled dealer delta
-0.027
opposite-side scenario
Vanna / 100k OI
3,251
volatility-sensitive delta
Charm / 100k OI
667,782
time-decay-sensitive delta
IV surface range
118.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

MMM closed 9.9% below its gamma max of 177.95. It is 1.2% above the delta neutral price of 159.90. Total open interest is 99,772, -0.4% 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

Questions people ask about MMM

Where is MMM's gamma max today?

As of Oct 2, 2026, the gamma max for MMM is 177.95, +9.9% from the 161.87 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 MMM above or below its delta neutral price?

MMM closed above delta neutral: 161.87 against a delta neutral price of 159.90. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MMM have?

99,772 contracts of open interest across 491 listed contracts on Oct 2, 2026, -0.4% 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.