Data through close

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

As of close · rank #1537 by open interest · snapshot page

Chart Download CSV JSON snapshot Advanced analysis

FWRD's nearest-expiration max pain is 15.00 for 2026-10-16, net GEX is 770,378, its put/call open-interest ratio is 0.13. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
15.91
prev 15.50
Gamma max
16.91
+6.3% from close
Delta neutral
7.53
-52.7% from close
Gamma neutral
15.91
0.0% from close
Open interest
20,858
-0.1% vs prev
Contracts listed
68
52 calls · 33 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
15.00
-5.7% from close
2026-10-16
GEX flip
–
Net GEX
770,378
3,693,442 per 100k OI
Call wall
30.00
+88.6% from close
Put wall
30.00
+88.6% from close
Put/call OI
0.13
2,381 puts / 18,477 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
54.9
within trailing 52-week range
Front / back ATM IV
– / –
– pp front premium
Expected move
–
– DTE · one standard deviation
ATM straddle / spot
–
front-window midpoint premium
25Δ risk reversal
-15.8 pp
put IV minus call IV
IV butterfly
2.5 pp
front-window smile convexity
Volume / open interest
0.00
60 contracts traded
Normalized net delta
0.318
option-holder convention
Modeled dealer delta
-0.318
opposite-side scenario
Vanna / 100k OI
2,622
volatility-sensitive delta
Charm / 100k OI
-17,365
time-decay-sensitive delta
IV surface range
27.8 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

FWRD closed 6.3% below its gamma max of 16.91. It is 52.7% above the delta neutral price of 7.53. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 20,858, -0.1% 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

← SNDQ (#1536) ABEO (#1538) →

Questions people ask about FWRD

Where is FWRD's gamma max today?

As of Oct 2, 2026, the gamma max for FWRD is 16.91, +6.3% from the 15.91 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 FWRD above or below its delta neutral price?

FWRD closed above delta neutral: 15.91 against a delta neutral price of 7.53. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FWRD have?

20,858 contracts of open interest across 68 listed contracts on Oct 2, 2026, -0.1% 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.