Data through close

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

As of close · rank #2045 by open interest · snapshot page

MRSH's nearest-expiration max pain is 190.00 for 2026-11-20, its GEX flip is 176.42, net GEX is 514,305, its put/call open-interest ratio is 0.77. These are whole-chain derived aggregates as of Oct 23, 2026 close.

MRSH max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
190.00
-3.8% from close
Expiry: 2026-11-20
GEX flip
176.42
-10.7% from close
Net GEX
514,305
5,184,007 per 100k OI
Call wall
200.00
+1.3% from close
Put wall
190.00
-3.8% from close
Put/call OI
0.77
4,306 puts / 5,615 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
197.48
prev 199.27
Gamma max
211.01
+6.8% from close
Delta neutral
182.64
-7.5% from close
Gamma neutral
176.42
-10.7% from close
Open interest
9,921
+5.3% vs prev
Contracts listed
177
105 calls · 102 puts

Advanced options analysis

Public aggregate 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
1.6
within trailing 52-week range
Front IV premium
1.6 pp
front minus back volatility difference
25Δ risk reversal
1.1 pp
put IV minus call IV
IV butterfly
-1.9 pp
front-window smile convexity
Volume / open interest
0.15
1,516 contracts traded
Normalized net delta
0.241
option-holder convention
Modeled dealer delta
-0.239
opposite-side scenario
Vanna / 100k OI
1,341
volatility-sensitive delta
Charm / 100k OI
-201,139
time-decay-sensitive delta
IV surface range
38.0 pp
aggregate volatility dispersion

Download the dated aggregate analysis JSON .

MRSH closed 6.8% below its gamma max of 211.01. It is 7.5% above the delta neutral price of 182.64. Total open interest is 9,921, +5.3% 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

Daily ticker aggregates through 2026-10-23. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

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In today's screens

Neighbours by open interest

Questions people ask about MRSH

What is MRSH's max pain for the nearest expiration?

As of Oct 23, 2026 close, nearest-expiration max pain is 190.00 for the 2026-11-20 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do MRSH's gamma exposure and gamma flip show?

Signed net GEX is 514,305 as of Oct 23, 2026 close. The confirmed GEX flip is 176.42. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is MRSH's gamma max today?

As of Oct 23, 2026, the gamma max for MRSH is 211.01, +6.8% from the 197.48 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 MRSH above or below its delta neutral price?

MRSH closed above delta neutral: 197.48 against a delta neutral price of 182.64. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MRSH have?

9,921 contracts of open interest across 177 listed contracts on Oct 23, 2026, +5.3% 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.