Data through close

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

As of close · rank #301 by open interest · 865 sessions of history since Dec 1, 2020

FISV's nearest-expiration max pain is 46.50 for 2026-10-23, net GEX is 4,721,759, its put/call open-interest ratio is 0.51. These are whole-chain derived aggregates as of Oct 16, 2026 close.

FISV 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
46.50
-2.2% from close
Expiry: 2026-10-23
GEX flip
–
Net GEX
4,721,759
1,668,443 per 100k OI
Call wall
50.00
+5.2% from close
Put wall
50.00
+5.2% from close
Put/call OI
0.51
95,588 puts / 187,416 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
47.55
prev 47.21
Gamma max
51.52
+8.3% from close
Delta neutral
46.64
-1.9% from close
Gamma neutral
47.55
0.0% from close
Open interest
283,004
-5.9% vs prev
Contracts listed
445
273 calls · 196 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
28.0
cross-sectional score / 100
Directional score
-10.9
mixed positioning
IV rank
43.9
within trailing 52-week range
Front IV premium
-9.2 pp
front minus back volatility difference
25Δ risk reversal
12.4 pp
put IV minus call IV
IV butterfly
-2.1 pp
front-window smile convexity
Volume / open interest
0.02
6,072 contracts traded
Normalized net delta
0.037
option-holder convention
Modeled dealer delta
-0.036
opposite-side scenario
Vanna / 100k OI
3,545
volatility-sensitive delta
Charm / 100k OI
-237,790
time-decay-sensitive delta
IV surface range
202.3 pp
aggregate volatility dispersion

Strongest relative signals: 25Δ risk reversal 12.4 pp

Download the dated aggregate analysis JSON .

FISV closed 8.3% below its gamma max of 51.52. It is 1.9% above the delta neutral price of 46.64. Total open interest is 283,004, -5.9% versus the previous session. Its options catalyst-intensity score is 28.0 out of 100, led by 25Δ risk reversal 12.4 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.

FISV call and put open interest changes
Measure Value
Call OI change, 1 session -13,591 contracts · -6.8%
Put OI change, 1 session -4,086 contracts · -4.1%
Call minus put OI growth, 1 session -2.7 pp
Call OI change, 5 sessions +12,176 contracts · +6.9%
Put OI change, 5 sessions +826 contracts · +0.9%
Call minus put OI growth, 5 sessions +6.1 pp
Daily call OI change surprise -0.85σ (231 prior changes)
Daily put OI change surprise -0.22σ (231 prior changes)
Daily call-minus-put growth surprise -0.24σ (231 prior changes)

History

2023-05 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 2026-10-16. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

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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 16 completed Day +10 paths · latest Apr 15, 2026
FISV 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. -4.0% -2.0% 0% +2.0% +4.0% Cross on Dec 4, 2020 Cross on Dec 11, 2020 Cross on Feb 4, 2021 Cross on Feb 24, 2021 Cross on Mar 10, 2021 Cross on Apr 15, 2021 Cross on Aug 19, 2021 Cross on Nov 1, 2021 Cross on Nov 3, 2021 Cross on Jan 6, 2022 Cross on Jan 20, 2022 Cross on Jul 28, 2022 Cross on Aug 17, 2022 Cross on Feb 7, 2023 Cross on Feb 15, 2023 Cross on Apr 15, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FISV historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 16 -0.2% -1.1% to +0.3% 31% -1.0% to +0.2% 0.0%
Day +2 16 +0.0% -1.1% to +0.8% 50% -1.1% to +0.7% 0.0%
Day +3 16 -0.3% -1.8% to +0.4% 50% -1.8% to +0.3% 0.0%
Day +4 16 -1.1% -2.5% to +0.4% 31% -2.5% to +0.2% 0.0%
Day +5 16 -0.9% -2.1% to +0.2% 25% -2.0% to -0.0% -0.0%
Day +6 16 -1.3% -2.1% to +0.4% 31% -2.0% to +0.4% 0.0%
Day +7 16 -1.2% -2.2% to -0.3% 25% -2.1% to -0.6% -0.6%
Day +8 16 -1.4% -2.6% to +0.2% 38% -2.5% to +0.2% 0.0%
Day +9 16 -1.2% -1.9% to +0.7% 44% -1.9% to +0.7% 0.0%
Day +10 16 -0.6% -1.9% to -0.1% 19% -1.9% to -0.1% -0.1%
Crosses below gamma max 15 completed Day +10 paths · latest Feb 17, 2023
FISV 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. -8.0% -4.0% 0% +4.0% +8.0% Cross on Dec 3, 2020 Cross on Dec 8, 2020 Cross on Dec 18, 2020 Cross on Feb 5, 2021 Cross on Feb 25, 2021 Cross on Mar 19, 2021 Cross on Apr 16, 2021 Cross on Aug 20, 2021 Cross on Nov 2, 2021 Cross on Jan 7, 2022 Cross on Jan 21, 2022 Cross on Jul 29, 2022 Cross on Aug 18, 2022 Cross on Feb 14, 2023 Cross on Feb 17, 2023 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FISV historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 15 -0.1% -1.2% to +1.0% 47% -1.3% to +1.1% 0.0%
Day +2 15 -0.1% -2.3% to +0.7% 47% -2.7% to +0.8% 0.0%
Day +3 15 -0.3% -2.6% to +1.1% 40% -2.7% to +1.1% 0.0%
Day +4 15 -0.8% -2.6% to +0.4% 33% -3.3% to +0.6% 0.0%
Day +5 15 -0.6% -1.9% to +0.3% 47% -2.0% to +0.4% 0.0%
Day +6 15 -0.3% -2.0% to +0.8% 40% -2.2% to +0.8% 0.0%
Day +7 15 -1.0% -2.3% to +0.5% 40% -2.6% to +0.5% 0.0%
Day +8 15 -0.8% -1.8% to +1.5% 47% -2.3% to +1.5% 0.0%
Day +9 15 -0.8% -2.4% to +1.8% 40% -2.5% to +2.2% 0.0%
Day +10 15 -0.2% -3.1% to +1.7% 47% -4.0% to +2.3% 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

FISV trailing historical statistics
Sessions closed above gamma max 1%
Gamma max crosses 2
Delta neutral crosses 40
Prior-year sessions closer to gamma max 17.1% of 252
Prior-year sessions closer to delta neutral 36.5% of 252
Open interest percentile (1y) 29th
Daily open interest change versus prior year -0.50σ (-17,677 contracts; 252 prior changes)
Open interest change, 5 sessions +4.8%
Open interest change, 21 sessions -12.4%
History available Dec 1, 2020 → Oct 16, 2026

Recent crosses

  1. closed above delta neutral at 47.21 vs 46.54 (+1.4%)
  2. closed below delta neutral at 46.07 vs 46.55 (-1.0%)
  3. closed above delta neutral at 46.66 vs 46.52 (+0.3%)
  4. closed below delta neutral at 50.02 vs 50.38 (-0.7%)
  5. closed above delta neutral at 51.58 vs 51.36 (+0.4%)
  6. closed below delta neutral at 50.86 vs 52.55 (-3.3%)
  7. closed above delta neutral at 52.73 vs 52.67 (+0.1%)
  8. closed below delta neutral at 51.67 vs 52.57 (-1.7%)
  9. closed above delta neutral at 52.58 vs 52.52 (+0.1%)
  10. closed below delta neutral at 52.44 vs 52.60 (-0.3%)

In today's screens

Neighbours by open interest

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

Questions people ask about FISV

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

As of Oct 16, 2026 close, nearest-expiration max pain is 46.50 for the 2026-10-23 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 FISV's gamma exposure and gamma flip show?

Signed net GEX is 4,721,759 as of Oct 16, 2026 close. No confirmed GEX flip is available; this does not imply a zero exposure level. 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 FISV's gamma max today?

As of Oct 16, 2026, the gamma max for FISV is 51.52, +8.3% from the 47.55 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 FISV above or below its delta neutral price?

FISV closed above delta neutral: 47.55 against a delta neutral price of 46.64. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FISV have?

283,004 contracts of open interest across 445 listed contracts on Oct 16, 2026, -5.9% 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.