# FCX: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/FCX
Data through: 2026-10-02 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 72.04 |
| Delta neutral (USD/share) | 65.78 |
| Gamma neutral (USD/share) | 65.96 |
| Gamma max (USD/share) | 80.87 |
| Open interest (contracts) | 951,856 |
| Nearest-expiration max pain (USD/share) | 76.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 65.00 |
| Net gamma exposure | 22,874,363 |
| Confirmed GEX flip (USD/share) | 65.96 |
| Call wall (USD/share) | 80.00 |
| Put wall (USD/share) | 65.00 |
| Put/call open-interest ratio | 0.97 |
| Options catalyst-intensity score (0–100) | 51.2 |
| Options directional score (-100 to +100) | -24.1 |
| IV rank | 31.8 |
| Front ATM IV | +50.2% |
| Front-minus-back IV | 1.4 pp |
| Front expected move | +7.0% |
| Front ATM straddle / spot | +5.1% |
| Front 25-delta risk reversal | 2.8 pp |
| Call OI change, 1 session | -16,493 contracts · -3.3% |
| Put OI change, 1 session | -6,241 contracts · -1.3% |
| Call minus put OI growth, 1 session | -2.0 pp |
| Call OI change, 5 sessions | +13,891 contracts · +3.0% |
| Put OI change, 5 sessions | +15,923 contracts · +3.5% |
| Call minus put OI growth, 5 sessions | -0.6 pp |
| Daily call OI change surprise | -0.43σ (252 prior changes) |
| Daily put OI change surprise | -0.21σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.78σ (252 prior changes) |
| Daily open interest change (contracts) | -22,734 |
| Daily open interest change z-score (prior 252) | -0.34σ (252 prior changes) |
| Gamma max distance from close | +12.3% |
| Delta neutral distance from close | -8.7% |
| Prior-year sessions closer to gamma max | 71.0% of 252 |
| Prior-year sessions closer to delta neutral | 46.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 35 | -0.9% | -1.4% to +0.4% | 29% | -1.1% to -0.2% | -0.2% |
| above | Day +3 | 35 | -0.9% | -3.9% to +2.3% | 43% | -3.2% to +1.1% | 0.0% |
| above | Day +5 | 35 | -0.4% | -5.3% to +3.0% | 49% | -4.1% to +1.6% | 0.0% |
| above | Day +10 | 35 | -0.2% | -5.5% to +5.0% | 49% | -2.3% to +1.5% | 0.0% |
| below | Day +1 | 34 | -0.4% | -1.5% to +0.3% | 32% | -1.2% to -0.1% | -0.1% |
| below | Day +3 | 34 | +0.2% | -3.3% to +3.2% | 50% | -1.0% to +1.4% | 0.0% |
| below | Day +5 | 34 | -1.3% | -6.0% to +3.1% | 47% | -4.2% to +2.1% | 0.0% |
| below | Day +10 | 34 | -0.9% | -5.6% to +5.5% | 44% | -3.3% to +1.4% | 0.0% |

Returns are close-to-close after the labelled number of subsequent trading sessions. Cohorts require gamma max to be within 10% of the close on both crossing sessions. Historical windows can overlap and are not independent observations, so interval coverage is not guaranteed.

- [Machine-readable snapshot](https://halfonadouble.com/api/v1/tickers/FCX.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/FCX.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/FCX.json?date=2026-10-02)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).