FRMI max pain, gamma exposure (GEX) & options open interest
As of close · rank #138 by open interest · 251 sessions of history since Oct 6, 2025
FRMI's nearest-expiration max pain is 4.50 for 2026-10-09, net GEX is 2,204,603, its put/call open-interest ratio is 0.37. These are whole-chain derived aggregates as of Oct 2, 2026 close.
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.
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.
Strongest relative signals: 7d expected move +13.5% · IV rank 100 · 25Δ risk reversal -16.9 pp
FRMI closed 50.5% below its gamma max of 6.07. It is 1.5% above the delta neutral price of 3.97. Total open interest is 729,966, -0.8% versus the previous session. Its options catalyst-intensity score is 46.7 out of 100, led by 7d expected move +13.5%, IV rank 100, 25Δ risk reversal -16.9 pp. 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.
| Measure | Value |
|---|---|
| Call OI change, 1 session | -1,085 contracts · -0.2% |
| Put OI change, 1 session | -4,598 contracts · -2.3% |
| Call minus put OI growth, 1 session | +2.1 pp |
| Call OI change, 5 sessions | +52,811 contracts · +11.0% |
| Put OI change, 5 sessions | -1,494 contracts · -0.7% |
| Call minus put OI growth, 5 sessions | +11.8 pp |
| Daily call OI change surprise | -0.10σ (249 prior changes) |
| Daily put OI change surprise | -0.44σ (249 prior changes) |
| Daily call-minus-put growth surprise | +0.07σ (248 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
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 7 completed Day +10 paths · latest Jul 27, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 7 | -3.1% | -9.6% to +4.5% | 43% | -13.1% to +15.8% | 0.0% |
| Day +2 | 7 | -7.6% | -8.8% to -2.1% | 29% | -18.9% to +17.0% | 0.0% |
| Day +3 | 7 | -6.9% | -9.0% to -3.5% | 14% | -14.7% to +6.7% | 0.0% |
| Day +4 | 7 | -12.0% | -14.0% to -9.2% | 14% | -21.3% to +7.9% | 0.0% |
| Day +5 | 7 | -13.3% | -15.1% to -1.0% | 14% | -22.1% to +4.4% | 0.0% |
| Day +6 | 7 | -12.7% | -13.7% to -0.2% | 29% | -22.1% to +7.9% | 0.0% |
| Day +7 | 7 | +1.1% | -14.4% to +4.2% | 57% | -22.5% to +7.8% | 0.0% |
| Day +8 | 7 | +2.2% | -15.6% to +5.2% | 57% | -30.3% to +6.3% | 0.0% |
| Day +9 | 7 | -2.9% | -10.1% to +0.3% | 43% | -33.2% to +9.0% | 0.0% |
| Day +10 | 7 | -8.1% | -16.0% to -1.0% | 29% | -28.7% to +13.0% | 0.0% |
Crosses above gamma max 5 completed Day +10 paths · latest Jun 18, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 5 | +1.0% | -5.4% to +3.7% | 60% | -5.5% to +22.8% | 0.0% |
| Day +2 | 5 | -5.3% | -7.8% to +8.5% | 40% | -9.1% to +10.2% | 0.0% |
| Day +3 | 5 | -6.8% | -12.6% to +9.2% | 40% | -16.5% to +22.2% | 0.0% |
| Day +4 | 5 | -8.3% | -9.8% to -2.2% | 20% | -11.0% to +33.0% | 0.0% |
| Day +5 | 5 | -0.8% | -14.2% to +1.3% | 40% | -16.8% to +25.8% | 0.0% |
| Day +6 | 5 | -0.9% | -12.7% to +1.2% | 40% | -18.0% to +20.8% | 0.0% |
| Day +7 | 5 | -4.0% | -11.8% to -0.8% | 20% | -19.3% to +11.0% | 0.0% |
| Day +8 | 5 | -0.4% | -10.7% to +7.2% | 40% | -13.6% to +22.0% | 0.0% |
| Day +9 | 5 | +0.1% | -15.5% to +9.6% | 60% | -16.0% to +31.9% | 0.0% |
| Day +10 | 5 | +3.0% | -4.7% to +12.5% | 60% | -13.7% to +31.7% | 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 251 sessions
| Sessions closed above gamma max | 6% |
| Gamma max crosses | 18 |
| Delta neutral crosses | 14 |
| Prior-year sessions closer to gamma max | 84.8% of 250 |
| Prior-year sessions closer to delta neutral | 3.2% of 250 |
| Open interest percentile (1y) | 87th |
| Daily open interest change versus prior year | -0.21σ (-5,683 contracts; 249 prior changes) |
| Open interest change, 5 sessions | +7.6% |
| Open interest change, 21 sessions | +3.2% |
| History available | Oct 6, 2025 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 4.03 vs 3.97 (+1.5%)
- closed below delta neutral at 4.26 vs 4.29 (-0.8%)
- closed below gamma max at 7.23 vs 7.56 (-4.5%)
- closed above gamma max at 7.40 vs 7.33 (+0.9%)
- closed below gamma max at 9.45 vs 9.63 (-1.9%)
- closed above gamma max at 9.47 vs 9.31 (+1.6%)
- closed below gamma max at 8.67 vs 10.22 (-17.9%)
- closed above gamma max at 9.54 vs 8.63 (+9.5%)
- closed below gamma max at 8.77 vs 8.98 (-2.4%)
- closed above gamma max at 7.18 vs 6.88 (+4.1%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/FRMI
Questions people ask about FRMI
Where is FRMI's gamma max today?
As of Oct 2, 2026, the gamma max for FRMI is 6.07, +50.5% from the 4.03 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 FRMI above or below its delta neutral price?
FRMI closed above delta neutral: 4.03 against a delta neutral price of 3.97. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does FRMI have?
729,966 contracts of open interest across 254 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.