Data through close

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

As of close · rank #285 by open interest · 1,403 sessions of history since Dec 1, 2020

FHN's nearest-expiration max pain is 23.00 for 2026-10-16, its GEX flip is 11.91, net GEX is 24,087,565, its put/call open-interest ratio is 0.08. These are whole-chain derived aggregates as of Oct 15, 2026 close.

FHN max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
23.00
+0.6% from close
Expiry: 2026-10-16
GEX flip
11.91
-47.9% from close
Net GEX
24,087,565
6,601,178 per 100k OI
Call wall
28.00
+22.5% from close
Put wall
23.00
+0.6% from close
Put/call OI
0.08
28,430 puts / 336,468 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
22.86
prev 22.67
Gamma max
26.98
+18.0% from close
Delta neutral
18.57
-18.8% from close
Gamma neutral
11.91
-47.9% from close
Open interest
364,898
+0.2% vs prev
Contracts listed
108
67 calls · 55 puts

Advanced options analysis

Public aggregate 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
60.0
cross-sectional score / 100
Directional score
0.1
mixed positioning
IV rank
100.0
within trailing 52-week range
Front IV premium
182.2 pp
front minus back volatility difference
25Δ risk reversal
77.1 pp
put IV minus call IV
IV butterfly
-0.8 pp
front-window smile convexity
Volume / open interest
0.00
472 contracts traded
Normalized net delta
0.097
option-holder convention
Modeled dealer delta
-0.097
opposite-side scenario
Vanna / 100k OI
4,485
volatility-sensitive delta
Charm / 100k OI
-187,956,026
time-decay-sensitive delta
IV surface range
259.3 pp
aggregate volatility dispersion

Strongest relative signals: front IV premium 182.2 pp · 25Δ risk reversal 77.1 pp · IV rank 100

Download the dated aggregate analysis JSON .

FHN closed 18.0% below its gamma max of 26.98. It is 18.8% above the delta neutral price of 18.57. Total open interest is 364,898, +0.2% versus the previous session. Its options catalyst-intensity score is 60.0 out of 100, led by front IV premium 182.2 pp, 25Δ risk reversal 77.1 pp, IV rank 100. What gamma max means · What delta neutral means

Call versus put open interest changes

Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.

FHN call and put open interest changes
Measure Value
Call OI change, 1 session +254 contracts · +0.1%
Put OI change, 1 session +535 contracts · +1.9%
Call minus put OI growth, 1 session -1.8 pp
Call OI change, 5 sessions +970 contracts · +0.3%
Put OI change, 5 sessions +637 contracts · +2.3%
Call minus put OI growth, 5 sessions -2.0 pp
Daily call OI change surprise -0.00σ (252 prior changes)
Daily put OI change surprise +0.17σ (252 prior changes)
Daily call-minus-put growth surprise -0.13σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Daily ticker aggregates through 2026-10-15. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

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Swipe chart sideways to see the full range.

What followed prior gamma-max crosses?

Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.

Crosses below gamma max 52 completed Day +10 paths · latest Dec 23, 2025
FHN returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -10.0% -5.0% 0% +5.0% +10.0% Cross on Dec 10, 2020 Cross on Jan 15, 2021 Cross on Jan 26, 2021 Cross on Feb 18, 2021 Cross on Feb 25, 2021 Cross on Mar 2, 2021 Cross on Mar 4, 2021 Cross on Mar 9, 2021 Cross on Mar 23, 2021 Cross on Apr 20, 2021 Cross on Apr 22, 2021 Cross on May 20, 2021 Cross on May 24, 2021 Cross on Jun 22, 2021 Cross on Nov 19, 2021 Cross on Jan 21, 2022 Cross on Feb 17, 2022 Cross on Jun 9, 2023 Cross on Jun 14, 2023 Cross on Jul 17, 2023 Cross on Jul 20, 2023 Cross on Jul 25, 2023 Cross on Jul 27, 2023 Cross on Aug 15, 2023 Cross on Dec 6, 2023 Cross on Dec 8, 2023 Cross on Dec 12, 2023 Cross on Dec 15, 2023 Cross on Dec 20, 2023 Cross on Jan 3, 2024 Cross on Jan 9, 2024 Cross on Jan 25, 2024 Cross on Mar 21, 2024 Cross on Mar 28, 2024 Cross on May 7, 2024 Cross on May 10, 2024 Cross on May 15, 2024 Cross on Oct 18, 2024 Cross on Dec 17, 2024 Cross on Jan 8, 2025 Cross on Jan 15, 2025 Cross on Feb 10, 2025 Cross on Feb 12, 2025 Cross on Feb 19, 2025 Cross on Jun 30, 2025 Cross on Jul 15, 2025 Cross on Jul 23, 2025 Cross on Sep 22, 2025 Cross on Sep 30, 2025 Cross on Oct 9, 2025 Cross on Dec 12, 2025 Cross on Dec 23, 2025 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FHN historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 52 +0.1% -1.1% to +1.6% 50% -0.6% to +0.9% 0.0%
Day +2 52 +1.2% -0.6% to +2.7% 67% +0.3% to +1.7% +0.3%
Day +3 52 +0.8% -0.7% to +2.9% 60% -0.1% to +1.8% 0.0%
Day +4 52 +0.7% -0.6% to +2.8% 62% -0.1% to +1.5% 0.0%
Day +5 52 +0.9% -2.1% to +3.5% 62% 0.0% to +2.1% 0.0%
Day +6 52 +1.3% -2.0% to +3.6% 58% -0.3% to +2.9% 0.0%
Day +7 52 +1.7% -2.4% to +4.3% 62% -0.9% to +2.9% 0.0%
Day +8 52 +0.8% -3.3% to +3.9% 60% -0.4% to +2.2% 0.0%
Day +9 52 +0.8% -3.8% to +4.5% 56% -0.7% to +2.4% 0.0%
Day +10 52 +1.7% -2.6% to +4.7% 60% -0.5% to +2.2% 0.0%
Crosses above gamma max 50 completed Day +10 paths · latest Dec 22, 2025
FHN returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -8.0% -4.0% 0% +4.0% +8.0% Cross on Dec 2, 2020 Cross on Jan 6, 2021 Cross on Jan 22, 2021 Cross on Feb 4, 2021 Cross on Feb 23, 2021 Cross on Mar 1, 2021 Cross on Mar 3, 2021 Cross on Mar 5, 2021 Cross on Mar 10, 2021 Cross on Apr 16, 2021 Cross on Apr 21, 2021 Cross on Apr 23, 2021 Cross on May 21, 2021 Cross on Jun 21, 2021 Cross on Nov 16, 2021 Cross on Feb 16, 2022 Cross on Jun 7, 2023 Cross on Jun 12, 2023 Cross on Jul 13, 2023 Cross on Jul 18, 2023 Cross on Jul 24, 2023 Cross on Jul 26, 2023 Cross on Jul 28, 2023 Cross on Dec 4, 2023 Cross on Dec 7, 2023 Cross on Dec 11, 2023 Cross on Dec 14, 2023 Cross on Dec 19, 2023 Cross on Dec 22, 2023 Cross on Jan 5, 2024 Cross on Jan 24, 2024 Cross on Mar 20, 2024 Cross on Mar 27, 2024 Cross on May 3, 2024 Cross on May 9, 2024 Cross on May 14, 2024 Cross on Oct 16, 2024 Cross on Dec 20, 2024 Cross on Jan 10, 2025 Cross on Feb 6, 2025 Cross on Feb 11, 2025 Cross on Feb 18, 2025 Cross on Jun 27, 2025 Cross on Jul 1, 2025 Cross on Jul 17, 2025 Cross on Sep 19, 2025 Cross on Sep 29, 2025 Cross on Oct 8, 2025 Cross on Dec 11, 2025 Cross on Dec 22, 2025 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FHN historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 50 -0.1% -1.1% to +0.7% 48% -0.6% to +0.3% 0.0%
Day +2 50 -0.6% -2.0% to +1.5% 42% -1.4% to +0.3% 0.0%
Day +3 50 -0.1% -1.5% to +1.8% 48% -0.8% to +0.8% 0.0%
Day +4 50 +0.6% -1.7% to +2.1% 56% -0.4% to +1.3% 0.0%
Day +5 50 +0.4% -1.6% to +1.9% 62% -0.1% to +1.3% 0.0%
Day +6 50 +0.9% -1.4% to +2.5% 60% -0.4% to +1.4% 0.0%
Day +7 50 +0.8% -1.7% to +2.8% 58% -0.2% to +1.4% 0.0%
Day +8 50 +1.2% -1.4% to +3.7% 66% +0.5% to +2.2% +0.5%
Day +9 50 +0.7% -2.6% to +3.1% 60% -0.6% to +2.3% 0.0%
Day +10 50 +0.6% -3.2% to +4.0% 54% -1.3% to +1.4% 0.0%

Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.

Last 252 sessions

FHN trailing historical statistics
Sessions closed above gamma max 1%
Gamma max crosses 4
Delta neutral crosses 0
Prior-year sessions closer to gamma max 92.9% of 252
Prior-year sessions closer to delta neutral 88.9% of 252
Open interest percentile (1y) 71th
Daily open interest change versus prior year +0.02σ (789 contracts; 252 prior changes)
Open interest change, 5 sessions +0.4%
Open interest change, 21 sessions +3.9%
History available Dec 1, 2020 → Oct 15, 2026

Recent crosses

  1. closed below gamma max at 24.54 vs 24.61 (-0.3%)
  2. closed above gamma max at 24.61 vs 24.61 (+0.0%)
  3. closed below gamma max at 23.59 vs 24.29 (-3.0%)
  4. closed above gamma max at 23.96 vs 23.92 (+0.2%)
  5. closed below gamma max at 23.43 vs 25.16 (-7.4%)
  6. closed above gamma max at 23.06 vs 21.95 (+4.8%)
  7. closed below gamma max at 22.61 vs 22.71 (-0.4%)
  8. closed above gamma max at 22.66 vs 22.54 (+0.5%)
  9. closed below gamma max at 22.69 vs 22.87 (-0.8%)
  10. closed above gamma max at 23.10 vs 23.09 (+0.0%)

In today's screens

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Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/FHN

Questions people ask about FHN

What is FHN's max pain for the nearest expiration?

As of Oct 15, 2026 close, nearest-expiration max pain is 23.00 for the 2026-10-16 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do FHN's gamma exposure and gamma flip show?

Signed net GEX is 24,087,565 as of Oct 15, 2026 close. The confirmed GEX flip is 11.91. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is FHN's gamma max today?

As of Oct 15, 2026, the gamma max for FHN is 26.98, +18.0% from the 22.86 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 FHN above or below its delta neutral price?

FHN closed above delta neutral: 22.86 against a delta neutral price of 18.57. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FHN have?

364,898 contracts of open interest across 108 listed contracts on Oct 15, 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.