Data through close

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

As of close · rank #3962 by open interest · snapshot page

Chart Download CSV JSON snapshot Advanced analysis

MWA's nearest-expiration max pain is 22.50 for 2026-10-16, its GEX flip is 27.07, net GEX is -15,739, its put/call open-interest ratio is 0.59. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
21.66
prev 21.50
Gamma max
28.63
+32.2% from close
Delta neutral
21.36
-1.4% from close
Gamma neutral
27.07
+25.0% from close
Open interest
594
+0.2% vs prev
Contracts listed
29
18 calls · 12 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
22.50
+3.9% from close
2026-10-16
GEX flip
27.07
+25.0% from close
Net GEX
-15,739
-2,649,611 per 100k OI
Call wall
20.00
-7.7% from close
Put wall
22.50
+3.9% from close
Put/call OI
0.59
220 puts / 374 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
11.9
within trailing 52-week range
Front / back ATM IV
+34.3% / +33.8%
0.6 pp front premium
Expected move
+6.7%
14 DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
– pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.01
5 contracts traded
Normalized net delta
0.042
option-holder convention
Modeled dealer delta
-0.042
opposite-side scenario
Vanna / 100k OI
1,852
volatility-sensitive delta
Charm / 100k OI
-204,882
time-decay-sensitive delta
IV surface range
10.8 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

MWA closed 32.2% below its gamma max of 28.63. It is 1.4% above the delta neutral price of 21.36. Total open interest is 594, +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

Neighbours by open interest

← BUZZ (#3961) XRN (#3963) →

Questions people ask about MWA

Where is MWA's gamma max today?

As of Oct 2, 2026, the gamma max for MWA is 28.63, +32.2% from the 21.66 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 MWA above or below its delta neutral price?

MWA closed above delta neutral: 21.66 against a delta neutral price of 21.36. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MWA have?

594 contracts of open interest across 29 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.