PM gamma max, delta neutral & open interest levels
As of close · rank #524 by open interest · 1,379 sessions of history since Dec 1, 2020
PM closed 6.0% below its gamma max of 202.56. It is 5.4% above the delta neutral price of 180.68. Total open interest is 149,807, -4.3% versus the previous session. What gamma max means · What delta neutral means
One-year history
Last 252 sessions
| Sessions closed above gamma max | 1% |
| Gamma max crosses | 6 |
| Delta neutral crosses | 34 |
| Open interest percentile (1y) | 44th |
| Open interest change, 5 sessions | +1.0% |
| Open interest change, 21 sessions | +1.5% |
| History available | Dec 1, 2020 → Sep 11, 2026 |
Recent crosses
- closed above delta neutral at 165.41 vs 163.71 (+1.0%)
- closed below delta neutral at 162.64 vs 163.00 (-0.2%)
- closed above delta neutral at 165.89 vs 164.28 (+1.0%)
- closed below delta neutral at 160.90 vs 162.97 (-1.3%)
- closed above delta neutral at 163.95 vs 162.89 (+0.6%)
- closed below delta neutral at 157.33 vs 163.79 (-4.1%)
- closed above delta neutral at 164.83 vs 164.65 (+0.1%)
- closed below delta neutral at 162.49 vs 164.40 (-1.2%)
- closed above delta neutral at 165.50 vs 164.85 (+0.4%)
- closed below delta neutral at 166.14 vs 167.59 (-0.9%)
In today's screens
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Neighbours by open interest
Questions people ask about PM
Where is PM's gamma max today?
As of Sep 11, 2026, the gamma max for PM is 202.56, +6.0% from the 191.06 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 PM above or below its delta neutral price?
PM closed above delta neutral: 191.06 against a delta neutral price of 180.68. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does PM have?
149,807 contracts of open interest across 491 listed contracts on Sep 11, 2026, -4.3% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from end-of-day options data licensed from HistoricalOptionData.com; only derived aggregates are published. Methodology · Data and licence · Not investment advice.