Data through close

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

As of close · rank #363 by open interest · 484 sessions of history since Oct 29, 2024

FLG's nearest-expiration max pain is 13.00 for 2026-10-16, its GEX flip is 13.23, net GEX is -8,355,705, its put/call open-interest ratio is 0.88. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
11.70
prev 11.69
Gamma max
16.04
+37.1% from close
Delta neutral
12.37
+5.7% from close
Gamma neutral
13.23
+13.1% from close
Open interest
233,000
-0.8% vs prev
Contracts listed
113
83 calls · 52 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
13.00
+11.1% from close
2026-10-16
GEX flip
13.23
+13.1% from close
Net GEX
-8,355,705
-3,586,139 per 100k OI
Call wall
15.00
+28.2% from close
Put wall
12.00
+2.6% from close
Put/call OI
0.88
109,295 puts / 123,705 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
42.0
cross-sectional score / 100
Directional score
-23.8
relatively bearish positioning
IV rank
50.0
within trailing 52-week range
Front / back ATM IV
+29.6% / +33.2%
-3.7 pp front premium
Expected move
+5.8%
14 DTE · one standard deviation
ATM straddle / spot
+4.9%
front-window midpoint premium
25Δ risk reversal
3.3 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.02
3,778 contracts traded
Normalized net delta
-0.063
option-holder convention
Modeled dealer delta
0.063
opposite-side scenario
Vanna / 100k OI
2,744
volatility-sensitive delta
Charm / 100k OI
-677,086
time-decay-sensitive delta
IV surface range
115.8 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

FLG closed 37.1% below its gamma max of 16.04. It is 5.7% below the delta neutral price of 12.37. Total open interest is 233,000, -0.8% versus the previous session. Its options catalyst-intensity score is 42.0 out of 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.

FLG call and put open interest changes
Measure Value
Call OI change, 1 session +136 contracts · +0.1%
Put OI change, 1 session -1,907 contracts · -1.7%
Call minus put OI growth, 1 session +1.8 pp
Call OI change, 5 sessions +407 contracts · +0.3%
Put OI change, 5 sessions +9,095 contracts · +9.1%
Call minus put OI growth, 5 sessions -8.7 pp
Daily call OI change surprise +0.06σ (252 prior changes)
Daily put OI change surprise -0.30σ (252 prior changes)
Daily call-minus-put growth surprise +0.47σ (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 13 completed Day +10 paths · latest Jul 17, 2026
FLG 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 Nov 26, 2024 Cross on Feb 7, 2025 Cross on Feb 12, 2025 Cross on Feb 20, 2025 Cross on Aug 27, 2025 Cross on Sep 18, 2025 Cross on Feb 11, 2026 Cross on Feb 18, 2026 Cross on Apr 17, 2026 Cross on Jun 26, 2026 Cross on Jul 1, 2026 Cross on Jul 13, 2026 Cross on Jul 17, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FLG historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 13 -0.6% -1.8% to +0.5% 31% -1.8% to +0.5% 0.0%
Day +2 13 -0.3% -1.6% to +1.6% 46% -1.6% to +1.6% 0.0%
Day +3 13 -0.1% -1.8% to +1.0% 46% -1.8% to +1.0% 0.0%
Day +4 13 -1.3% -3.3% to +0.1% 38% -3.3% to +0.1% 0.0%
Day +5 13 -1.6% -4.3% to +0.7% 31% -4.3% to +0.7% 0.0%
Day +6 13 -1.3% -4.4% to +0.4% 31% -4.4% to +0.4% 0.0%
Day +7 13 -3.2% -6.0% to -0.8% 15% -6.0% to -0.8% -0.8%
Day +8 13 -3.4% -5.7% to -1.9% 8% -5.7% to -1.9% -1.9%
Day +9 13 -4.4% -5.5% to -1.9% 8% -5.5% to -1.9% -1.9%
Day +10 13 -4.2% -4.8% to -2.6% 8% -4.8% to -2.6% -2.6%
Crosses above gamma max 13 completed Day +10 paths · latest Jul 15, 2026
FLG 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. -12.0% -6.0% 0% +6.0% +12.0% Cross on Nov 25, 2024 Cross on Feb 4, 2025 Cross on Feb 10, 2025 Cross on Feb 14, 2025 Cross on Aug 25, 2025 Cross on Sep 12, 2025 Cross on Feb 6, 2026 Cross on Feb 13, 2026 Cross on Apr 9, 2026 Cross on Jun 25, 2026 Cross on Jun 30, 2026 Cross on Jul 10, 2026 Cross on Jul 15, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FLG historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 13 -0.5% -1.4% to +2.3% 46% -1.4% to +2.3% 0.0%
Day +2 13 -0.9% -2.3% to -0.3% 23% -2.3% to -0.3% -0.3%
Day +3 13 -1.1% -2.5% to -0.4% 23% -2.5% to -0.4% -0.4%
Day +4 13 -1.2% -2.1% to +1.8% 31% -2.1% to +1.8% 0.0%
Day +5 13 -1.3% -3.7% to +0.8% 31% -3.7% to +0.8% 0.0%
Day +6 13 -1.7% -4.2% to +2.1% 31% -4.2% to +2.1% 0.0%
Day +7 13 -2.6% -7.5% to +3.1% 38% -7.5% to +3.1% 0.0%
Day +8 13 -4.0% -6.9% to -0.4% 23% -6.9% to -0.4% -0.4%
Day +9 13 -2.5% -8.8% to +0.1% 31% -8.8% to +0.1% 0.0%
Day +10 13 -5.0% -8.6% to +0.4% 31% -8.6% to +0.4% 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

FLG trailing historical statistics
Sessions closed above gamma max 6%
Gamma max crosses 14
Delta neutral crosses 27
Prior-year sessions closer to gamma max 99.6% of 252
Prior-year sessions closer to delta neutral 69.0% of 252
Open interest percentile (1y) 18th
Daily open interest change versus prior year -0.08σ (-1,771 contracts; 252 prior changes)
Open interest change, 5 sessions +4.3%
Open interest change, 21 sessions +10.3%
History available Oct 29, 2024 → Oct 2, 2026

Recent crosses

  1. closed below delta neutral at 12.04 vs 12.19 (-1.3%)
  2. closed above delta neutral at 12.39 vs 11.83 (+4.5%)
  3. closed below delta neutral at 12.54 vs 12.79 (-2.0%)
  4. closed above delta neutral at 12.59 vs 12.46 (+1.0%)
  5. closed below delta neutral at 12.58 vs 12.65 (-0.6%)
  6. closed above delta neutral at 13.02 vs 12.89 (+1.0%)
  7. closed below delta neutral at 13.18 vs 13.22 (-0.3%)
  8. closed above delta neutral at 13.49 vs 13.34 (+1.1%)
  9. closed below delta neutral at 13.06 vs 13.07 (-0.1%)
  10. closed below gamma max at 14.90 vs 16.19 (-8.7%)

In today's screens

Neighbours by open interest

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Questions people ask about FLG

Where is FLG's gamma max today?

As of Oct 2, 2026, the gamma max for FLG is 16.04, +37.1% from the 11.70 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 FLG above or below its delta neutral price?

FLG closed below delta neutral: 11.70 against a delta neutral price of 12.37. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FLG have?

233,000 contracts of open interest across 113 listed contracts on Oct 2, 2026, -0.8% 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.