Data through close

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

As of close · rank #158 by open interest · 1,394 sessions of history since Dec 1, 2020

FSLR's nearest-expiration max pain is 175.00 for 2026-10-09, its GEX flip is 186.85, net GEX is -5,538,849, its put/call open-interest ratio is 0.79. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
174.61
prev 172.11
Gamma max
263.40
+50.8% from close
Delta neutral
186.86
+7.0% from close
Gamma neutral
186.85
+7.0% from close
Open interest
654,439
+0.8% vs prev
Contracts listed
901
558 calls · 426 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
175.00
+0.2% from close
2026-10-09
GEX flip
186.85
+7.0% from close
Net GEX
-5,538,849
-846,351 per 100k OI
Call wall
410.00
+134.8% from close
Put wall
150.00
-14.1% from close
Put/call OI
0.79
289,725 puts / 364,714 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
37.3
cross-sectional score / 100
Directional score
-3.9
mixed positioning
IV rank
84.0
within trailing 52-week range
Front / back ATM IV
+46.5% / +58.0%
-11.5 pp front premium
Expected move
+6.4%
7 DTE · one standard deviation
ATM straddle / spot
+4.8%
front-window midpoint premium
25Δ risk reversal
-0.9 pp
put IV minus call IV
IV butterfly
-0.1 pp
front-window smile convexity
Volume / open interest
0.03
20,667 contracts traded
Normalized net delta
-0.047
option-holder convention
Modeled dealer delta
0.047
opposite-side scenario
Vanna / 100k OI
8,476
volatility-sensitive delta
Charm / 100k OI
142,571
time-decay-sensitive delta
IV surface range
73.8 pp
published contour maximum minus minimum

Strongest relative signals: OI change 0.26σ

Download the complete dated analysis JSON .

FSLR closed 50.8% below its gamma max of 263.40. It is 7.0% below the delta neutral price of 186.86. Total open interest is 654,439, +0.8% versus the previous session. Its options catalyst-intensity score is 37.3 out of 100, led by OI change 0.26σ. 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.

FSLR call and put open interest changes
Measure Value
Call OI change, 1 session -3,928 contracts · -1.1%
Put OI change, 1 session +8,977 contracts · +3.2%
Call minus put OI growth, 1 session -4.3 pp
Call OI change, 5 sessions +14,840 contracts · +4.2%
Put OI change, 5 sessions +19,338 contracts · +7.2%
Call minus put OI growth, 5 sessions -2.9 pp
Daily call OI change surprise -0.34σ (252 prior changes)
Daily put OI change surprise +1.00σ (252 prior changes)
Daily call-minus-put growth surprise -2.52σ (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 Jun 8, 2026
FSLR 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. -20.0% -10.0% 0% +10.0% +20.0% Cross on Dec 23, 2020 Cross on Jan 8, 2021 Cross on Jun 25, 2021 Cross on Jun 30, 2021 Cross on Oct 29, 2021 Cross on Nov 2, 2021 Cross on Aug 12, 2022 Cross on Mar 2, 2023 Cross on May 14, 2025 Cross on Aug 19, 2025 Cross on May 12, 2026 Cross on May 14, 2026 Cross on Jun 8, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FSLR historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 13 +0.2% -1.6% to +1.3% 54% -1.6% to +1.3% 0.0%
Day +2 13 -0.6% -1.7% to +0.8% 46% -1.7% to +0.8% 0.0%
Day +3 13 -1.5% -4.1% to +0.8% 38% -4.1% to +0.8% 0.0%
Day +4 13 -0.1% -2.9% to +2.5% 46% -2.9% to +2.5% 0.0%
Day +5 13 -2.7% -3.8% to -0.7% 23% -3.8% to -0.7% -0.7%
Day +6 13 -3.0% -4.0% to +3.8% 38% -4.0% to +3.8% 0.0%
Day +7 13 -3.0% -6.6% to +3.9% 38% -6.6% to +3.9% 0.0%
Day +8 13 +0.4% -6.5% to +3.3% 54% -6.5% to +3.3% 0.0%
Day +9 13 +2.5% -5.0% to +3.6% 54% -5.0% to +3.6% 0.0%
Day +10 13 +0.8% -7.2% to +4.2% 54% -7.2% to +4.2% 0.0%
Crosses above gamma max 12 completed Day +10 paths · latest May 22, 2026
FSLR 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. -18.0% -9.0% 0% +9.0% +18.0% Cross on Dec 22, 2020 Cross on Jan 7, 2021 Cross on Jun 24, 2021 Cross on Jun 28, 2021 Cross on Oct 28, 2021 Cross on Nov 1, 2021 Cross on Aug 10, 2022 Cross on May 13, 2025 Cross on Aug 18, 2025 Cross on May 11, 2026 Cross on May 13, 2026 Cross on May 22, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FSLR historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 12 -0.7% -2.1% to +0.9% 42% -2.3% to +1.3% 0.0%
Day +2 12 -0.9% -2.7% to +2.7% 42% -2.8% to +3.0% 0.0%
Day +3 12 -0.9% -3.7% to +1.2% 33% -3.8% to +3.2% 0.0%
Day +4 12 -1.7% -6.1% to +0.8% 33% -7.8% to +2.2% 0.0%
Day +5 12 -0.5% -4.7% to +1.3% 50% -5.0% to +1.6% 0.0%
Day +6 12 -3.3% -6.6% to +3.7% 33% -8.5% to +6.0% 0.0%
Day +7 12 -2.8% -5.8% to +3.4% 42% -8.4% to +7.9% 0.0%
Day +8 12 -1.8% -7.2% to +7.0% 33% -10.2% to +8.0% 0.0%
Day +9 12 +0.8% -6.6% to +6.8% 50% -8.4% to +8.2% 0.0%
Day +10 12 +0.7% -4.7% to +7.5% 67% -7.3% to +9.5% 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

FSLR trailing historical statistics
Sessions closed above gamma max 5%
Gamma max crosses 6
Delta neutral crosses 3
Prior-year sessions closer to gamma max 98.8% of 252
Prior-year sessions closer to delta neutral 23.8% of 252
Open interest percentile (1y) 79th
Daily open interest change versus prior year +0.26σ (5,049 contracts; 252 prior changes)
Open interest change, 5 sessions +5.5%
Open interest change, 21 sessions +3.5%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed below delta neutral at 191.97 vs 194.33 (-1.2%)
  2. closed above delta neutral at 201.16 vs 197.60 (+1.8%)
  3. closed below delta neutral at 191.07 vs 197.56 (-3.4%)
  4. closed below gamma max at 275.39 vs 282.67 (-2.6%)
  5. closed above gamma max at 257.85 vs 257.15 (+0.3%)
  6. closed below gamma max at 231.77 vs 243.44 (-5.0%)
  7. closed above gamma max at 234.88 vs 229.51 (+2.3%)
  8. closed below gamma max at 228.06 vs 232.56 (-2.0%)
  9. closed above gamma max at 233.47 vs 233.28 (+0.1%)
  10. closed below gamma max at 210.96 vs 230.48 (-9.3%)

In today's screens

Neighbours by open interest

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Questions people ask about FSLR

Where is FSLR's gamma max today?

As of Oct 2, 2026, the gamma max for FSLR is 263.40, +50.8% from the 174.61 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 FSLR above or below its delta neutral price?

FSLR closed below delta neutral: 174.61 against a delta neutral price of 186.86. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FSLR have?

654,439 contracts of open interest across 901 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.