# FHN: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 22.88 |
| Delta neutral (USD/share) | 10.83 |
| Gamma neutral (USD/share) | 22.88 |
| Gamma max (USD/share) | 26.34 |
| Open interest (contracts) | 361,544 |
| Nearest-expiration max pain (USD/share) | 24.00 (2026-11-20) |
| All-expiration max pain (USD/share) | 22.00 |
| Net gamma exposure | 27,090,083 |
| Call wall (USD/share) | 28.00 |
| Put wall (USD/share) | 22.00 |
| Put/call open-interest ratio | 0.08 |
| Options catalyst-intensity score (0–100) | 36.0 |
| Options directional score (-100 to +100) | -1.0 |
| IV rank | 55.3 |
| Front-minus-back IV | 0.0 pp |
| Front 25-delta risk reversal | 118.0 pp |
| Call OI change, 1 session | -1,430 contracts · -0.4% |
| Put OI change, 1 session | -1,924 contracts · -6.8% |
| Call minus put OI growth, 1 session | +6.3 pp |
| Call OI change, 5 sessions | -425 contracts · -0.1% |
| Put OI change, 5 sessions | -1,299 contracts · -4.7% |
| Call minus put OI growth, 5 sessions | +4.5 pp |
| Daily call OI change surprise | -0.06σ (252 prior changes) |
| Daily put OI change surprise | -0.57σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.20σ (252 prior changes) |
| Daily open interest change (contracts) | -3,354 |
| Daily open interest change z-score (prior 252) | -0.12σ (252 prior changes) |
| Gamma max distance from close | +15.1% |
| Delta neutral distance from close | -52.7% |
| Prior-year sessions closer to gamma max | 81.3% of 252 |
| Prior-year sessions closer to delta neutral | 98.8% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 50 | -0.1% | -1.1% to +0.7% | 48% | -0.6% to +0.3% | 0.0% |
| above | Day +3 | 50 | -0.1% | -1.5% to +1.8% | 48% | -0.8% to +0.8% | 0.0% |
| above | Day +5 | 50 | +0.4% | -1.6% to +1.9% | 62% | -0.1% to +1.3% | 0.0% |
| above | Day +10 | 50 | +0.6% | -3.2% to +4.0% | 54% | -1.3% to +1.4% | 0.0% |
| below | Day +1 | 52 | +0.1% | -1.1% to +1.6% | 50% | -0.6% to +0.9% | 0.0% |
| below | Day +3 | 52 | +0.8% | -0.7% to +2.9% | 60% | -0.1% to +1.8% | 0.0% |
| below | Day +5 | 52 | +0.9% | -2.1% to +3.5% | 62% | 0.0% to +2.1% | 0.0% |
| below | Day +10 | 52 | +1.7% | -2.6% to +4.7% | 60% | -0.5% to +2.2% | 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/FHN.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/FHN.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/FHN.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).