Max Payne 3 has the same vRam limitation that was present and in GTA IV. As with Rockstar's open world game though, there is a way to bypass it. All you have to do is to locate the commandline.txt file that is located in the folder where you've installed Max Payne 3. Open this file and add "-availablevidmem 2100" and you will be able to select each and every graphical option.