Data through close

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

As of close · rank #1485 by open interest · snapshot page

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FORM's nearest-expiration max pain is 115.00 for 2026-10-16, its GEX flip is 118.44, net GEX is 1,044,786, its put/call open-interest ratio is 0.80. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
149.15
prev 148.44
Gamma max
149.03
-0.1% from close
Delta neutral
125.51
-15.9% from close
Gamma neutral
118.44
-20.6% from close
Open interest
22,676
+3.8% vs prev
Contracts listed
201
141 calls · 108 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
115.00
-22.9% from close
2026-10-16
GEX flip
118.44
-20.6% from close
Net GEX
1,044,786
4,607,453 per 100k OI
Call wall
140.00
-6.1% from close
Put wall
140.00
-6.1% from close
Put/call OI
0.80
10,104 puts / 12,572 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
–
cross-sectional score / 100
Directional score
–
IV rank
4.8
within trailing 52-week range
Front / back ATM IV
+72.4% / +81.1%
-8.7 pp front premium
Expected move
+14.2%
14 DTE · one standard deviation
ATM straddle / spot
+10.9%
front-window midpoint premium
25Δ risk reversal
3.8 pp
put IV minus call IV
IV butterfly
-1.3 pp
front-window smile convexity
Volume / open interest
0.03
593 contracts traded
Normalized net delta
0.224
option-holder convention
Modeled dealer delta
-0.203
opposite-side scenario
Vanna / 100k OI
520
volatility-sensitive delta
Charm / 100k OI
-8,055,116
time-decay-sensitive delta
IV surface range
46.3 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

FORM closed 0.1% above its gamma max of 149.03. It is 15.9% above the delta neutral price of 125.51. Total open interest is 22,676, +3.8% versus the previous session. What gamma max means · What delta neutral means

History

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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In today's screens

Neighbours by open interest

← TDAY (#1484) XPO (#1486) →

Questions people ask about FORM

Where is FORM's gamma max today?

As of Oct 2, 2026, the gamma max for FORM is 149.03, -0.1% from the 149.15 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 FORM above or below its delta neutral price?

FORM closed above delta neutral: 149.15 against a delta neutral price of 125.51. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FORM have?

22,676 contracts of open interest across 201 listed contracts on Oct 2, 2026, +3.8% 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.