FTNT max pain, gamma exposure (GEX) & options open interest
As of close · rank #496 by open interest · 1,394 sessions of history since Dec 1, 2020
FTNT's nearest-expiration max pain is 172.50 for 2026-10-09, its GEX flip is 166.08, net GEX is 3,375,382, its put/call open-interest ratio is 1.03. 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.
FTNT closed 4.2% below its gamma max of 188.50. It is 9.2% above the delta neutral price of 164.30. Total open interest is 149,068, -4.8% versus the previous session. Its options catalyst-intensity score is 27.6 out of 100. 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 | -4,670 contracts · -6.0% |
| Put OI change, 1 session | -2,818 contracts · -3.6% |
| Call minus put OI growth, 1 session | -2.4 pp |
| Call OI change, 5 sessions | +7,061 contracts · +10.6% |
| Put OI change, 5 sessions | +5,133 contracts · +7.3% |
| Call minus put OI growth, 5 sessions | +3.3 pp |
| Daily call OI change surprise | -0.66σ (252 prior changes) |
| Daily put OI change surprise | -0.38σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.63σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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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 above gamma max 41 completed Day +10 paths · latest Jun 1, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 41 | +0.3% | -0.7% to +1.0% | 61% | -0.2% to +0.7% | 0.0% |
| Day +2 | 41 | +0.0% | -1.5% to +1.8% | 51% | -0.4% to +0.8% | 0.0% |
| Day +3 | 41 | +0.3% | -1.6% to +2.0% | 59% | -1.2% to +1.7% | 0.0% |
| Day +4 | 41 | -0.4% | -1.7% to +2.1% | 49% | -1.0% to +1.1% | 0.0% |
| Day +5 | 41 | +0.0% | -2.0% to +1.7% | 51% | -1.2% to +1.2% | 0.0% |
| Day +6 | 41 | +0.3% | -1.7% to +2.5% | 56% | -1.1% to +1.3% | 0.0% |
| Day +7 | 41 | +0.5% | -1.7% to +3.4% | 54% | -1.0% to +1.8% | 0.0% |
| Day +8 | 41 | +0.4% | -1.4% to +3.9% | 54% | -0.7% to +3.0% | 0.0% |
| Day +9 | 41 | +1.9% | -2.4% to +4.2% | 59% | -0.5% to +3.5% | 0.0% |
| Day +10 | 41 | +1.5% | -2.0% to +5.4% | 61% | -0.8% to +4.4% | 0.0% |
Crosses below gamma max 41 completed Day +10 paths · latest May 22, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 41 | +0.3% | -0.6% to +0.9% | 59% | -0.3% to +0.6% | 0.0% |
| Day +2 | 41 | -0.0% | -2.2% to +2.1% | 49% | -0.8% to +0.7% | 0.0% |
| Day +3 | 41 | +0.1% | -1.8% to +3.1% | 56% | -1.3% to +1.7% | 0.0% |
| Day +4 | 41 | +1.1% | -2.1% to +3.3% | 59% | -1.0% to +2.7% | 0.0% |
| Day +5 | 41 | +1.2% | -1.4% to +4.1% | 61% | -0.3% to +2.5% | 0.0% |
| Day +6 | 41 | +0.7% | -1.8% to +4.9% | 59% | -0.3% to +3.7% | 0.0% |
| Day +7 | 41 | +1.2% | -1.6% to +5.6% | 59% | -0.8% to +3.3% | 0.0% |
| Day +8 | 41 | +2.1% | -1.8% to +5.7% | 59% | -0.4% to +4.6% | 0.0% |
| Day +9 | 41 | +2.6% | -1.3% to +7.4% | 63% | -0.4% to +5.2% | 0.0% |
| Day +10 | 41 | +2.1% | -0.7% to +7.5% | 71% | +0.3% to +6.2% | +0.3% |
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
| Sessions closed above gamma max | 4% |
| Gamma max crosses | 12 |
| Delta neutral crosses | 28 |
| Prior-year sessions closer to gamma max | 29.4% of 252 |
| Prior-year sessions closer to delta neutral | 93.7% of 252 |
| Open interest percentile (1y) | 4th |
| Daily open interest change versus prior year | -0.54σ (-7,488 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +8.9% |
| Open interest change, 21 sessions | -13.5% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed above delta neutral at 156.29 vs 155.70 (+0.4%)
- closed below delta neutral at 154.54 vs 154.90 (-0.2%)
- closed above delta neutral at 153.51 vs 152.26 (+0.8%)
- closed below delta neutral at 152.85 vs 152.92 (-0.0%)
- closed above delta neutral at 152.37 vs 151.10 (+0.8%)
- closed below delta neutral at 151.54 vs 153.00 (-1.0%)
- closed below gamma max at 144.68 vs 165.96 (-14.7%)
- closed above gamma max at 147.14 vs 144.24 (+2.0%)
- closed below gamma max at 133.95 vs 136.64 (-2.0%)
- closed above gamma max at 130.00 vs 127.83 (+1.7%)
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/FTNT
Questions people ask about FTNT
Where is FTNT's gamma max today?
As of Oct 2, 2026, the gamma max for FTNT is 188.50, +4.2% from the 180.95 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 FTNT above or below its delta neutral price?
FTNT closed above delta neutral: 180.95 against a delta neutral price of 164.30. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does FTNT have?
149,068 contracts of open interest across 604 listed contracts on Oct 2, 2026, -4.8% 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.