Data through close

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

As of close · rank #27 by open interest · 1,399 sessions of history since Dec 1, 2020

FXI's nearest-expiration max pain is 34.50 for 2026-10-16, its GEX flip is 34.52, net GEX is -32,983,298, its put/call open-interest ratio is 0.96. These are whole-chain derived aggregates as of Oct 9, 2026 close.

FXI 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
34.50
+0.8% from close
Expiry: 2026-10-16
GEX flip
34.52
+0.8% from close
Net GEX
-32,983,298
-1,004,144 per 100k OI
Call wall
35.00
+2.2% from close
Put wall
35.00
+2.2% from close
Put/call OI
0.96
1,609,600 puts / 1,675,117 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
34.24
prev 33.45
Gamma max
37.61
+9.8% from close
Delta neutral
34.49
+0.7% from close
Gamma neutral
34.52
+0.8% from close
Open interest
3,284,717
-0.8% vs prev
Contracts listed
674
406 calls · 310 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
52.4
cross-sectional score / 100
Directional score
5.3
mixed positioning
IV rank
39.2
within trailing 52-week range
Front IV premium
-1.2 pp
front minus back volatility difference
25Δ risk reversal
-50.3 pp
put IV minus call IV
IV butterfly
8.8 pp
front-window smile convexity
Volume / open interest
0.05
166,441 contracts traded
Normalized net delta
-0.005
option-holder convention
Modeled dealer delta
0.005
opposite-side scenario
Vanna / 100k OI
3,633
volatility-sensitive delta
Charm / 100k OI
-39,532
time-decay-sensitive delta
IV surface range
164.5 pp
aggregate volatility dispersion

Strongest relative signals: 25Δ risk reversal -50.3 pp

Download the dated aggregate analysis JSON .

FXI closed 9.8% below its gamma max of 37.61. It is 0.7% below the delta neutral price of 34.49. Total open interest is 3,284,717, -0.8% versus the previous session. Its options catalyst-intensity score is 52.4 out of 100, led by 25Δ risk reversal -50.3 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.

FXI call and put open interest changes
Measure Value
Call OI change, 1 session -10,159 contracts · -0.6%
Put OI change, 1 session -15,631 contracts · -1.0%
Call minus put OI growth, 1 session +0.4 pp
Call OI change, 5 sessions +6,187 contracts · +0.4%
Put OI change, 5 sessions -10,521 contracts · -0.6%
Call minus put OI growth, 5 sessions +1.0 pp
Daily call OI change surprise -0.06σ (252 prior changes)
Daily put OI change surprise -0.13σ (252 prior changes)
Daily call-minus-put growth surprise +0.13σ (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

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

Aggregate IV history

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 10 completed Day +10 paths · latest Sep 18, 2025
FXI 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. -18.0% -9.0% 0% +9.0% +18.0% Cross on May 7, 2024 Cross on Sep 3, 2024 Cross on Sep 25, 2024 Cross on Sep 27, 2024 Cross on Oct 3, 2024 Cross on Feb 13, 2025 Cross on Feb 19, 2025 Cross on Feb 27, 2025 Cross on Jul 18, 2025 Cross on Sep 18, 2025 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FXI historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 10 +0.2% -0.4% to +2.5% 50% -1.2% to +3.6% 0.0%
Day +2 10 +2.3% +0.0% to +3.4% 70% -1.0% to +8.0% 0.0%
Day +3 10 +1.3% -2.3% to +3.0% 50% -2.8% to +7.5% 0.0%
Day +4 10 +2.1% -0.7% to +5.1% 70% -1.8% to +7.3% 0.0%
Day +5 10 +3.2% -0.4% to +5.6% 70% -2.1% to +11.1% 0.0%
Day +6 10 +2.5% -0.5% to +4.6% 70% -1.8% to +15.9% 0.0%
Day +7 10 +0.5% -0.3% to +3.6% 60% -1.1% to +8.3% 0.0%
Day +8 10 +0.5% -0.7% to +5.5% 60% -1.5% to +9.0% 0.0%
Day +9 10 +0.4% -1.2% to +2.6% 70% -3.4% to +5.6% 0.0%
Day +10 10 +1.5% -2.1% to +3.8% 70% -3.5% to +5.0% 0.0%
Crosses above gamma max 10 completed Day +10 paths · latest Sep 17, 2025
FXI 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. -16.0% -8.0% 0% +8.0% +16.0% Cross on May 2, 2024 Cross on May 10, 2024 Cross on Sep 24, 2024 Cross on Sep 26, 2024 Cross on Oct 2, 2024 Cross on Feb 12, 2025 Cross on Feb 14, 2025 Cross on Feb 26, 2025 Cross on Jul 17, 2025 Cross on Sep 17, 2025 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FXI historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 10 +0.3% -1.2% to +0.9% 50% -2.7% to +1.3% 0.0%
Day +2 10 +0.8% -0.3% to +1.5% 60% -1.7% to +2.6% 0.0%
Day +3 10 +2.5% -0.0% to +3.6% 70% -2.3% to +5.1% 0.0%
Day +4 10 +3.0% -3.0% to +4.4% 60% -3.8% to +5.0% 0.0%
Day +5 10 +2.3% +0.2% to +5.4% 70% -2.5% to +8.2% 0.0%
Day +6 10 +2.0% -1.5% to +5.2% 70% -6.4% to +12.0% 0.0%
Day +7 10 +2.4% -2.0% to +4.4% 70% -5.7% to +13.6% 0.0%
Day +8 10 +2.3% -1.5% to +3.5% 60% -6.9% to +4.4% 0.0%
Day +9 10 +0.5% -0.9% to +4.1% 60% -8.2% to +6.6% 0.0%
Day +10 10 -0.3% -1.3% to +5.2% 40% -8.1% to +7.6% 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

FXI trailing historical statistics
Sessions closed above gamma max 0%
Gamma max crosses 0
Delta neutral crosses 23
Prior-year sessions closer to gamma max 41.7% of 252
Prior-year sessions closer to delta neutral 19.0% of 252
Open interest percentile (1y) 6th
Daily open interest change versus prior year -0.10σ (-25,790 contracts; 252 prior changes)
Open interest change, 5 sessions -0.1%
Open interest change, 21 sessions -14.5%
History available Dec 1, 2020 → Oct 9, 2026

Recent crosses

  1. closed below delta neutral at 34.36 vs 34.68 (-0.9%)
  2. closed above delta neutral at 34.91 vs 34.65 (+0.7%)
  3. closed below delta neutral at 35.00 vs 35.21 (-0.6%)
  4. closed above delta neutral at 35.51 vs 35.30 (+0.6%)
  5. closed below delta neutral at 35.24 vs 35.27 (-0.1%)
  6. closed above delta neutral at 35.06 vs 35.04 (+0.1%)
  7. closed below delta neutral at 34.86 vs 35.11 (-0.7%)
  8. closed above delta neutral at 35.28 vs 34.73 (+1.6%)
  9. closed below delta neutral at 34.43 vs 34.56 (-0.4%)
  10. closed above delta neutral at 35.04 vs 34.70 (+1.0%)

In today's screens

Neighbours by open interest

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

Questions people ask about FXI

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

As of Oct 9, 2026 close, nearest-expiration max pain is 34.50 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 FXI's gamma exposure and gamma flip show?

Signed net GEX is -32,983,298 as of Oct 9, 2026 close. The confirmed GEX flip is 34.52. 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 FXI's gamma max today?

As of Oct 9, 2026, the gamma max for FXI is 37.61, +9.8% from the 34.24 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 FXI above or below its delta neutral price?

FXI closed below delta neutral: 34.24 against a delta neutral price of 34.49. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FXI have?

3,284,717 contracts of open interest across 674 listed contracts on Oct 9, 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.