Data through close

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

As of close · rank #2456 by open interest · snapshot page

Chart Download CSV JSON snapshot Advanced analysis

MTG's nearest-expiration max pain is 17.50 for 2026-10-16, net GEX is 855,114, its put/call open-interest ratio is 0.28. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
26.95
prev 26.37
Gamma max
26.98
+0.1% from close
Delta neutral
23.64
-12.3% from close
Gamma neutral
26.95
0.0% from close
Open interest
6,010
+9.9% vs prev
Contracts listed
21
14 calls · 9 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
17.50
-35.1% from close
2026-10-16
GEX flip
–
Net GEX
855,114
14,228,186 per 100k OI
Call wall
30.00
+11.3% from close
Put wall
25.00
-7.2% from close
Put/call OI
0.28
1,320 puts / 4,690 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
0.0
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
5.8 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.00
8 contracts traded
Normalized net delta
0.294
option-holder convention
Modeled dealer delta
-0.294
opposite-side scenario
Vanna / 100k OI
3,461
volatility-sensitive delta
Charm / 100k OI
-1,716,872
time-decay-sensitive delta
IV surface range
113.0 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

MTG closed 0.1% below its gamma max of 26.98. It is 12.3% above the delta neutral price of 23.64. Total open interest is 6,010, +9.9% 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

← SNK (#2455) HRZN (#2457) →

Questions people ask about MTG

Where is MTG's gamma max today?

As of Oct 2, 2026, the gamma max for MTG is 26.98, +0.1% from the 26.95 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 MTG above or below its delta neutral price?

MTG closed above delta neutral: 26.95 against a delta neutral price of 23.64. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MTG have?

6,010 contracts of open interest across 21 listed contracts on Oct 2, 2026, +9.9% 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.