# FCEL: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/FCEL
Data through: 2026-10-16 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 13.00 |
| Delta neutral (USD/share) | 14.19 |
| Gamma neutral (USD/share) | 15.61 |
| Gamma max (USD/share) | 20.99 |
| Open interest (contracts) | 119,887 |
| Nearest-expiration max pain (USD/share) | 16.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 15.00 |
| Net gamma exposure | -1,066,517 |
| Confirmed GEX flip (USD/share) | 15.61 |
| Call wall (USD/share) | 20.00 |
| Put wall (USD/share) | 14.00 |
| Put/call open-interest ratio | 0.51 |
| Options catalyst-intensity score (0–100) | 62.1 |
| Options directional score (-100 to +100) | -14.8 |
| IV rank | 100.0 |
| Front-minus-back IV | 4.4 pp |
| Front 25-delta risk reversal | 7.0 pp |
| Call OI change, 1 session | -49,906 contracts · -38.6% |
| Put OI change, 1 session | -50,398 contracts · -55.5% |
| Call minus put OI growth, 1 session | +17.0 pp |
| Call OI change, 5 sessions | -39,630 contracts · -33.3% |
| Put OI change, 5 sessions | -55,512 contracts · -57.9% |
| Call minus put OI growth, 5 sessions | +24.7 pp |
| Daily call OI change surprise | -5.34σ (252 prior changes) |
| Daily put OI change surprise | -12.86σ (252 prior changes) |
| Daily call-minus-put growth surprise | +2.63σ (252 prior changes) |
| Daily open interest change (contracts) | -100,304 |
| Daily open interest change z-score (prior 252) | -8.04σ (252 prior changes) |
| Gamma max distance from close | +61.5% |
| Delta neutral distance from close | +9.1% |
| Prior-year sessions closer to gamma max | 100.0% of 252 |
| Prior-year sessions closer to delta neutral | 13.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 47 | +1.0% | -2.2% to +5.6% | 60% | -0.4% to +2.5% | 0.0% |
| above | Day +3 | 47 | -2.4% | -7.4% to +16.7% | 45% | -5.0% to +2.6% | 0.0% |
| above | Day +5 | 47 | -6.1% | -12.8% to +8.4% | 30% | -9.4% to -1.0% | -1.0% |
| above | Day +10 | 47 | -3.4% | -17.4% to +18.3% | 45% | -13.9% to +5.8% | 0.0% |
| below | Day +1 | 46 | -1.9% | -4.8% to +3.4% | 41% | -3.9% to +1.7% | 0.0% |
| below | Day +3 | 46 | -3.9% | -7.5% to +7.6% | 41% | -5.7% to +2.5% | 0.0% |
| below | Day +5 | 46 | -0.9% | -13.1% to +14.1% | 48% | -7.7% to +7.1% | 0.0% |
| below | Day +10 | 46 | +1.1% | -14.3% to +18.0% | 50% | -6.9% to +12.1% | 0.0% |

Returns are close-to-close after the labelled number of subsequent trading sessions. Cohorts require gamma max to be within 10% of the close on both crossing sessions. Historical windows can overlap and are not independent observations, so interval coverage is not guaranteed.

- [Machine-readable snapshot](https://halfonadouble.com/api/v1/tickers/FCEL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/FCEL.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/FCEL.json?date=2026-10-16&public_schema=4)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).