Data through close

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

As of close · rank #499 by open interest · 80 sessions of history since Jun 17, 2026

FRVO's nearest-expiration max pain is 15.00 for 2026-10-16, its GEX flip is 13.55, net GEX is 155,175, its put/call open-interest ratio is 0.38. These are whole-chain derived aggregates as of Oct 9, 2026 close.

FRVO max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
15.00
+9.1% from close
Expiry: 2026-10-16
GEX flip
13.55
-1.4% from close
Net GEX
155,175
100,525 per 100k OI
Call wall
15.00
+9.1% from close
Put wall
12.50
-9.1% from close
Put/call OI
0.38
42,755 puts / 111,609 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
13.75
prev 13.80
Gamma max
18.97
+37.9% from close
Delta neutral
12.94
-5.9% from close
Gamma neutral
13.55
-1.4% from close
Open interest
154,364
+0.2% vs prev
Contracts listed
158
101 calls · 85 puts

Advanced options analysis

Public aggregate 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
46.4
cross-sectional score / 100
Directional score
-8.1
mixed positioning
IV rank
91.7
within trailing 52-week range
Front IV premium
– pp
front minus back volatility difference
25Δ risk reversal
14.1 pp
put IV minus call IV
IV butterfly
-3.2 pp
front-window smile convexity
Volume / open interest
0.01
2,015 contracts traded
Normalized net delta
0.046
option-holder convention
Modeled dealer delta
-0.046
opposite-side scenario
Vanna / 100k OI
4,170
volatility-sensitive delta
Charm / 100k OI
1,084,498
time-decay-sensitive delta
IV surface range
54.7 pp
aggregate volatility dispersion

Strongest relative signals: IV rank 92 · 25Δ risk reversal 14.1 pp

Download the dated aggregate analysis JSON .

FRVO closed 37.9% below its gamma max of 18.97. It is 5.9% above the delta neutral price of 12.94. Total open interest is 154,364, +0.2% versus the previous session. Its options catalyst-intensity score is 46.4 out of 100, led by IV rank 92, 25Δ risk reversal 14.1 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.

FRVO call and put open interest changes
Measure Value
Call OI change, 1 session +217 contracts · +0.2%
Put OI change, 1 session +37 contracts · +0.1%
Call minus put OI growth, 1 session +0.1 pp
Call OI change, 5 sessions +44,478 contracts · +66.3%
Put OI change, 5 sessions +7,356 contracts · +20.8%
Call minus put OI growth, 5 sessions +45.5 pp
Daily call OI change surprise — (78 prior changes)
Daily put OI change surprise — (78 prior changes)
Daily call-minus-put growth surprise — (78 prior changes)

History

2026-06 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

Daily ticker aggregates through 2026-10-09. Contract-level charts are outside the public dataset.

Aggregate IV history

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Last 80 sessions

FRVO trailing historical statistics
Sessions closed above gamma max 0%
Gamma max crosses 0
Delta neutral crosses 12
Prior-year sessions closer to gamma max 49.4% of 79
Prior-year sessions closer to delta neutral 38.0% of 79
Open interest percentile (1y) 99th
Daily open interest change versus prior year – (254 contracts; 78 prior changes)
Open interest change, 5 sessions +50.6%
Open interest change, 21 sessions +86.3%
History available Jun 17, 2026 → Oct 9, 2026

Recent crosses

  1. closed above delta neutral at 14.33 vs 13.70 (+4.4%)
  2. closed below delta neutral at 13.46 vs 13.75 (-2.1%)
  3. closed above delta neutral at 14.46 vs 13.89 (+4.0%)
  4. closed below delta neutral at 13.75 vs 14.47 (-5.2%)
  5. closed above delta neutral at 15.16 vs 15.02 (+0.9%)
  6. closed below delta neutral at 14.96 vs 15.02 (-0.4%)
  7. closed above delta neutral at 19.75 vs 16.34 (+17.2%)
  8. closed below delta neutral at 14.77 vs 15.64 (-5.9%)
  9. closed above delta neutral at 15.96 vs 15.74 (+1.4%)
  10. closed below delta neutral at 20.16 vs 20.95 (-3.9%)

In today's screens

Neighbours by open interest

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

Questions people ask about FRVO

What is FRVO's max pain for the nearest expiration?

As of Oct 9, 2026 close, nearest-expiration max pain is 15.00 for the 2026-10-16 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do FRVO's gamma exposure and gamma flip show?

Signed net GEX is 155,175 as of Oct 9, 2026 close. The confirmed GEX flip is 13.55. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is FRVO's gamma max today?

As of Oct 9, 2026, the gamma max for FRVO is 18.97, +37.9% from the 13.75 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 FRVO above or below its delta neutral price?

FRVO closed above delta neutral: 13.75 against a delta neutral price of 12.94. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FRVO have?

154,364 contracts of open interest across 158 listed contracts on Oct 9, 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.