Data through close

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

As of close · rank #396 by open interest · 1,107 sessions of history since Jan 21, 2022

FLNC's nearest-expiration max pain is 8.00 for 2026-10-16, its GEX flip is 0.89, net GEX is 2,610,605, its put/call open-interest ratio is 0.40. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
7.61
prev 7.57
Gamma max
9.38
+23.3% from close
Delta neutral
7.08
-6.9% from close
Gamma neutral
0.89
-88.3% from close
Open interest
209,123
+0.2% vs prev
Contracts listed
261
179 calls · 117 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
8.00
+5.1% from close
2026-10-16
GEX flip
0.89
-88.3% from close
Net GEX
2,610,605
1,248,359 per 100k OI
Call wall
10.00
+31.4% from close
Put wall
8.00
+5.1% from close
Put/call OI
0.40
59,322 puts / 149,801 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
27.1
cross-sectional score / 100
Directional score
26.5
relatively bullish positioning
IV rank
15.7
within trailing 52-week range
Front / back ATM IV
– / –
– pp front premium
Expected move
–
– DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
-10.2 pp
put IV minus call IV
IV butterfly
0.8 pp
front-window smile convexity
Volume / open interest
0.01
2,464 contracts traded
Normalized net delta
0.050
option-holder convention
Modeled dealer delta
-0.050
opposite-side scenario
Vanna / 100k OI
3,536
volatility-sensitive delta
Charm / 100k OI
-52,471
time-decay-sensitive delta
IV surface range
29.9 pp
published contour maximum minus minimum

Strongest relative signals: OI change 0.02σ

Download the complete dated analysis JSON .

FLNC closed 23.3% below its gamma max of 9.38. It is 6.9% above the delta neutral price of 7.08. Total open interest is 209,123, +0.2% versus the previous session. Its options catalyst-intensity score is 27.1 out of 100, led by OI change 0.02σ. 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.

FLNC call and put open interest changes
Measure Value
Call OI change, 1 session +373 contracts · +0.2%
Put OI change, 1 session -33 contracts · -0.1%
Call minus put OI growth, 1 session +0.3 pp
Call OI change, 5 sessions +4,471 contracts · +3.1%
Put OI change, 5 sessions +1,404 contracts · +2.4%
Call minus put OI growth, 5 sessions +0.7 pp
Daily call OI change surprise +0.02σ (252 prior changes)
Daily put OI change surprise +0.02σ (252 prior changes)
Daily call-minus-put growth surprise -0.01σ (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 30 completed Day +10 paths · latest Jun 23, 2026
FLNC 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. -34.0% -17.0% 0% +17.0% +34.0% Cross on Feb 11, 2022 Cross on Aug 26, 2022 Cross on Dec 14, 2022 Cross on Jan 25, 2023 Cross on Feb 2, 2023 Cross on May 16, 2023 Cross on May 18, 2023 Cross on Jul 20, 2023 Cross on May 10, 2024 Cross on Sep 20, 2024 Cross on Sep 25, 2024 Cross on Oct 1, 2024 Cross on Feb 19, 2025 Cross on Feb 21, 2025 Cross on Jul 7, 2025 Cross on Jul 14, 2025 Cross on Jul 18, 2025 Cross on Sep 23, 2025 Cross on Sep 25, 2025 Cross on Oct 7, 2025 Cross on Oct 10, 2025 Cross on Oct 21, 2025 Cross on Oct 28, 2025 Cross on Nov 4, 2025 Cross on Dec 1, 2025 Cross on Dec 15, 2025 Cross on Jan 14, 2026 Cross on May 12, 2026 Cross on Jun 3, 2026 Cross on Jun 23, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FLNC historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 30 +3.3% -3.1% to +7.3% 63% -1.0% to +4.8% 0.0%
Day +2 30 +1.1% -2.8% to +7.3% 57% -1.4% to +3.3% 0.0%
Day +3 30 +2.2% -3.9% to +8.1% 60% -2.4% to +5.4% 0.0%
Day +4 30 +1.6% -5.6% to +13.4% 57% -1.9% to +9.0% 0.0%
Day +5 30 +2.9% -6.5% to +9.5% 57% -4.1% to +7.4% 0.0%
Day +6 30 -0.1% -7.7% to +16.8% 50% -2.3% to +3.6% 0.0%
Day +7 30 -1.1% -5.5% to +16.8% 47% -4.6% to +9.1% 0.0%
Day +8 30 +0.3% -5.4% to +16.3% 53% -2.7% to +10.5% 0.0%
Day +9 30 +1.7% -7.2% to +17.2% 60% -4.1% to +9.7% 0.0%
Day +10 30 -0.5% -5.6% to +14.1% 47% -2.9% to +11.0% 0.0%
Crosses above gamma max 29 completed Day +10 paths · latest Jun 4, 2026
FLNC 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. -28.0% -14.0% 0% +14.0% +28.0% Cross on Nov 25, 2022 Cross on Jan 20, 2023 Cross on Feb 1, 2023 Cross on May 15, 2023 Cross on May 17, 2023 Cross on Jul 18, 2023 Cross on Nov 29, 2023 Cross on May 2, 2024 Cross on Sep 11, 2024 Cross on Sep 24, 2024 Cross on Sep 27, 2024 Cross on Nov 25, 2024 Cross on Feb 18, 2025 Cross on Feb 20, 2025 Cross on Jul 3, 2025 Cross on Jul 8, 2025 Cross on Jul 15, 2025 Cross on Sep 24, 2025 Cross on Oct 1, 2025 Cross on Oct 8, 2025 Cross on Oct 13, 2025 Cross on Oct 24, 2025 Cross on Oct 29, 2025 Cross on Nov 28, 2025 Cross on Dec 2, 2025 Cross on Jan 12, 2026 Cross on Jan 15, 2026 Cross on May 8, 2026 Cross on Jun 4, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FLNC historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 29 -0.9% -4.5% to +2.6% 34% -3.3% to +0.9% 0.0%
Day +2 29 -0.9% -7.5% to +2.7% 41% -5.8% to +2.5% 0.0%
Day +3 29 +2.0% -7.3% to +6.2% 55% -3.0% to +3.9% 0.0%
Day +4 29 -2.6% -8.4% to +4.9% 48% -6.1% to +4.0% 0.0%
Day +5 29 -2.9% -9.4% to +9.5% 45% -7.8% to +5.6% 0.0%
Day +6 29 -2.3% -12.4% to +6.6% 41% -7.6% to +4.1% 0.0%
Day +7 29 -2.7% -10.8% to +7.1% 34% -9.9% to +2.1% 0.0%
Day +8 29 +0.9% -11.9% to +11.2% 52% -10.2% to +7.4% 0.0%
Day +9 29 +0.2% -10.2% to +8.7% 52% -6.6% to +6.3% 0.0%
Day +10 29 -1.0% -7.5% to +6.8% 48% -6.4% to +6.5% 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

FLNC trailing historical statistics
Sessions closed above gamma max 19%
Gamma max crosses 25
Delta neutral crosses 8
Prior-year sessions closer to gamma max 59.5% of 252
Prior-year sessions closer to delta neutral 15.1% of 252
Open interest percentile (1y) 73th
Daily open interest change versus prior year +0.02σ (340 contracts; 252 prior changes)
Open interest change, 5 sessions +2.9%
Open interest change, 21 sessions +15.6%
History available Jan 21, 2022 → Oct 2, 2026

Recent crosses

  1. closed above delta neutral at 7.82 vs 7.38 (+5.6%)
  2. closed below delta neutral at 7.50 vs 7.60 (-1.3%)
  3. closed above delta neutral at 7.58 vs 7.34 (+3.2%)
  4. closed below delta neutral at 7.66 vs 9.10 (-18.8%)
  5. closed above delta neutral at 9.93 vs 9.89 (+0.5%)
  6. closed below delta neutral at 9.69 vs 9.77 (-0.8%)
  7. closed above delta neutral at 10.35 vs 10.22 (+1.3%)
  8. closed below delta neutral at 10.20 vs 10.34 (-1.4%)
  9. closed below gamma max at 21.21 vs 22.79 (-7.4%)
  10. closed above gamma max at 24.76 vs 21.31 (+13.9%)

In today's screens

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Neighbours by open interest

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

Questions people ask about FLNC

Where is FLNC's gamma max today?

As of Oct 2, 2026, the gamma max for FLNC is 9.38, +23.3% from the 7.61 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 FLNC above or below its delta neutral price?

FLNC closed above delta neutral: 7.61 against a delta neutral price of 7.08. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FLNC have?

209,123 contracts of open interest across 261 listed contracts on Oct 2, 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.