Data through close

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

As of close · rank #284 by open interest · 294 sessions of history since Aug 5, 2025

FIG's nearest-expiration max pain is 22.00 for 2026-10-09, its GEX flip is 20.62, net GEX is 1,860,344, its put/call open-interest ratio is 0.54. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
21.36
prev 21.57
Gamma max
26.93
+26.1% from close
Delta neutral
20.60
-3.5% from close
Gamma neutral
20.62
-3.5% from close
Open interest
329,053
-8.0% vs prev
Contracts listed
486
288 calls · 236 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
22.00
+3.0% from close
2026-10-09
GEX flip
20.62
-3.5% from close
Net GEX
1,860,344
565,363 per 100k OI
Call wall
25.00
+17.0% from close
Put wall
20.00
-6.4% from close
Put/call OI
0.54
115,415 puts / 213,638 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
44.0
cross-sectional score / 100
Directional score
-3.3
mixed positioning
IV rank
92.1
within trailing 52-week range
Front / back ATM IV
+64.2% / +80.7%
-16.6 pp front premium
Expected move
+8.9%
7 DTE · one standard deviation
ATM straddle / spot
+6.7%
front-window midpoint premium
25Δ risk reversal
2.3 pp
put IV minus call IV
IV butterfly
-1.7 pp
front-window smile convexity
Volume / open interest
0.09
34,111 contracts traded
Normalized net delta
0.045
option-holder convention
Modeled dealer delta
-0.044
opposite-side scenario
Vanna / 100k OI
3,020
volatility-sensitive delta
Charm / 100k OI
10,492
time-decay-sensitive delta
IV surface range
125.5 pp
published contour maximum minus minimum

Strongest relative signals: volume/OI 0.09 · IV rank 92 · 7d expected move +8.9%

Download the complete dated analysis JSON .

FIG closed 26.1% below its gamma max of 26.93. It is 3.5% above the delta neutral price of 20.60. Total open interest is 329,053, -8.0% versus the previous session. Its options catalyst-intensity score is 44.0 out of 100, led by volume/OI 0.09, IV rank 92, 7d expected move +8.9%. 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.

FIG call and put open interest changes
Measure Value
Call OI change, 1 session -20,950 contracts · -8.9%
Put OI change, 1 session -7,567 contracts · -6.2%
Call minus put OI growth, 1 session -2.8 pp
Call OI change, 5 sessions +8,441 contracts · +4.1%
Put OI change, 5 sessions +5,823 contracts · +5.3%
Call minus put OI growth, 5 sessions -1.2 pp
Daily call OI change surprise -0.83σ (252 prior changes)
Daily put OI change surprise -0.74σ (252 prior changes)
Daily call-minus-put growth surprise -0.61σ (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

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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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 5 completed Day +10 paths · latest Aug 28, 2026
FIG 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. -28.0% -14.0% 0% +14.0% +28.0% Cross on Dec 5, 2025 Cross on Feb 26, 2026 Cross on May 18, 2026 Cross on Jun 2, 2026 Cross on Aug 28, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FIG historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 5 -4.5% -4.6% to -2.7% 0% -5.9% to -0.8% -0.8%
Day +2 5 -5.8% -7.1% to -5.6% 20% -7.3% to +1.3% 0.0%
Day +3 5 -10.2% -10.7% to +1.7% 40% -11.4% to +3.4% 0.0%
Day +4 5 -6.2% -12.5% to -1.9% 20% -12.9% to +1.9% 0.0%
Day +5 5 -9.9% -15.3% to -5.0% 20% -16.3% to +0.3% 0.0%
Day +6 5 -12.4% -18.4% to -7.6% 0% -21.1% to -3.7% -3.7%
Day +7 5 -5.3% -20.1% to -3.7% 20% -23.6% to +0.9% 0.0%
Day +8 5 -6.2% -23.2% to -1.6% 20% -23.5% to +4.7% 0.0%
Day +9 5 -7.9% -19.5% to -2.6% 20% -23.6% to +11.3% 0.0%
Day +10 5 -13.4% -17.0% to -0.6% 20% -25.8% to +4.0% 0.0%
Crosses above gamma max 5 completed Day +10 paths · latest Aug 27, 2026
FIG 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. -34.0% -17.0% 0% +17.0% +34.0% Cross on Oct 7, 2025 Cross on Feb 25, 2026 Cross on May 15, 2026 Cross on Jun 1, 2026 Cross on Aug 27, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FIG historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 5 -3.3% -5.9% to +6.3% 40% -10.7% to +16.8% 0.0%
Day +2 5 -5.9% -10.2% to +1.5% 40% -15.9% to +11.7% 0.0%
Day +3 5 -8.8% -11.2% to -1.5% 20% -17.0% to +0.4% 0.0%
Day +4 5 -5.8% -16.0% to -1.6% 20% -19.8% to +5.7% 0.0%
Day +5 5 -5.1% -17.6% to -0.3% 0% -22.2% to -0.0% -0.0%
Day +6 5 -4.2% -21.2% to -3.0% 20% -24.4% to +4.9% 0.0%
Day +7 5 -6.8% -25.7% to -6.8% 0% -27.1% to -5.0% -5.0%
Day +8 5 -6.6% -28.1% to -2.4% 20% -28.6% to +2.4% 0.0%
Day +9 5 -9.3% -27.7% to -8.4% 20% -31.6% to +11.3% 0.0%
Day +10 5 -10.9% -24.2% to -8.4% 20% -31.7% to +18.3% 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

FIG trailing historical statistics
Sessions closed above gamma max 3%
Gamma max crosses 12
Delta neutral crosses 23
Prior-year sessions closer to gamma max 83.3% of 252
Prior-year sessions closer to delta neutral 20.6% of 252
Open interest percentile (1y) 45th
Daily open interest change versus prior year -0.85σ (-28,517 contracts; 252 prior changes)
Open interest change, 5 sessions +4.5%
Open interest change, 21 sessions -5.5%
History available Aug 5, 2025 → Oct 2, 2026

Recent crosses

  1. closed above delta neutral at 20.72 vs 20.65 (+0.3%)
  2. closed below delta neutral at 20.25 vs 20.57 (-1.6%)
  3. closed above delta neutral at 22.14 vs 21.88 (+1.2%)
  4. closed below delta neutral at 22.01 vs 22.08 (-0.3%)
  5. closed below gamma max at 28.82 vs 30.81 (-6.9%)
  6. closed above gamma max at 30.62 vs 29.93 (+2.3%)
  7. closed above delta neutral at 18.61 vs 17.66 (+5.1%)
  8. closed below delta neutral at 16.85 vs 17.51 (-3.9%)
  9. closed above delta neutral at 18.63 vs 17.94 (+3.7%)
  10. closed below delta neutral at 17.98 vs 18.45 (-2.6%)

In today's screens

Neighbours by open interest

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Questions people ask about FIG

Where is FIG's gamma max today?

As of Oct 2, 2026, the gamma max for FIG is 26.93, +26.1% from the 21.36 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 FIG above or below its delta neutral price?

FIG closed above delta neutral: 21.36 against a delta neutral price of 20.60. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FIG have?

329,053 contracts of open interest across 486 listed contracts on Oct 2, 2026, -8.0% 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.