Data through close

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

As of close · rank #366 by open interest · 494 sessions of history since Oct 29, 2024

FLG's nearest-expiration max pain is 12.00 for 2026-11-20, its GEX flip is 12.04, net GEX is -2,986,941, its put/call open-interest ratio is 0.92. These are whole-chain derived aggregates as of Oct 16, 2026 close.

FLG 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
12.00
+8.3% from close
Expiry: 2026-11-20
GEX flip
12.04
+8.6% from close
Net GEX
-2,986,941
-1,341,276 per 100k OI
Call wall
12.00
+8.3% from close
Put wall
12.00
+8.3% from close
Put/call OI
0.92
106,716 puts / 115,978 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
11.08
prev 11.25
Gamma max
16.55
+49.3% from close
Delta neutral
11.80
+6.5% from close
Gamma neutral
12.04
+8.6% from close
Open interest
222,694
-20.0% vs prev
Contracts listed
109
77 calls · 50 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
52.3
cross-sectional score / 100
Directional score
-16.5
relatively bearish positioning
IV rank
100.0
within trailing 52-week range
Front IV premium
0.0 pp
front minus back volatility difference
25Δ risk reversal
9.2 pp
put IV minus call IV
IV butterfly
3.0 pp
front-window smile convexity
Volume / open interest
0.07
20,399 contracts traded
Normalized net delta
-0.031
option-holder convention
Modeled dealer delta
0.029
opposite-side scenario
Vanna / 100k OI
1,811
volatility-sensitive delta
Charm / 100k OI
-15,556
time-decay-sensitive delta
IV surface range
30.5 pp
aggregate volatility dispersion

Strongest relative signals: IV rank 100

Download the dated aggregate analysis JSON .

FLG closed 49.3% below its gamma max of 16.55. It is 6.5% below the delta neutral price of 11.80. Total open interest is 222,694, -20.0% versus the previous session. Its options catalyst-intensity score is 52.3 out of 100, led by IV rank 100. 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.

FLG call and put open interest changes
Measure Value
Call OI change, 1 session -52,893 contracts · -31.3%
Put OI change, 1 session -2,742 contracts · -2.5%
Call minus put OI growth, 1 session -28.8 pp
Call OI change, 5 sessions -12,294 contracts · -9.6%
Put OI change, 5 sessions -829 contracts · -0.8%
Call minus put OI growth, 5 sessions -8.8 pp
Daily call OI change surprise -4.90σ (252 prior changes)
Daily put OI change surprise -0.44σ (252 prior changes)
Daily call-minus-put growth surprise -6.84σ (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 2026-10-16. 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 below gamma max 13 completed Day +10 paths · latest Jul 17, 2026
FLG 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. -10.0% -5.0% 0% +5.0% +10.0% Cross on Nov 26, 2024 Cross on Feb 7, 2025 Cross on Feb 12, 2025 Cross on Feb 20, 2025 Cross on Aug 27, 2025 Cross on Sep 18, 2025 Cross on Feb 11, 2026 Cross on Feb 18, 2026 Cross on Apr 17, 2026 Cross on Jun 26, 2026 Cross on Jul 1, 2026 Cross on Jul 13, 2026 Cross on Jul 17, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FLG historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 13 -0.6% -1.8% to +0.5% 31% -1.8% to +0.5% 0.0%
Day +2 13 -0.3% -1.6% to +1.6% 46% -1.6% to +1.6% 0.0%
Day +3 13 -0.1% -1.8% to +1.0% 46% -1.8% to +1.0% 0.0%
Day +4 13 -1.3% -3.3% to +0.1% 38% -3.3% to +0.1% 0.0%
Day +5 13 -1.6% -4.3% to +0.7% 31% -4.3% to +0.7% 0.0%
Day +6 13 -1.3% -4.4% to +0.4% 31% -4.4% to +0.4% 0.0%
Day +7 13 -3.2% -6.0% to -0.8% 15% -6.0% to -0.8% -0.8%
Day +8 13 -3.4% -5.7% to -1.9% 8% -5.7% to -1.9% -1.9%
Day +9 13 -4.4% -5.5% to -1.9% 8% -5.5% to -1.9% -1.9%
Day +10 13 -4.2% -4.8% to -2.6% 8% -4.8% to -2.6% -2.6%
Crosses above gamma max 13 completed Day +10 paths · latest Jul 15, 2026
FLG 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. -12.0% -6.0% 0% +6.0% +12.0% Cross on Nov 25, 2024 Cross on Feb 4, 2025 Cross on Feb 10, 2025 Cross on Feb 14, 2025 Cross on Aug 25, 2025 Cross on Sep 12, 2025 Cross on Feb 6, 2026 Cross on Feb 13, 2026 Cross on Apr 9, 2026 Cross on Jun 25, 2026 Cross on Jun 30, 2026 Cross on Jul 10, 2026 Cross on Jul 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
FLG historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 13 -0.5% -1.4% to +2.3% 46% -1.4% to +2.3% 0.0%
Day +2 13 -0.9% -2.3% to -0.3% 23% -2.3% to -0.3% -0.3%
Day +3 13 -1.1% -2.5% to -0.4% 23% -2.5% to -0.4% -0.4%
Day +4 13 -1.2% -2.1% to +1.8% 31% -2.1% to +1.8% 0.0%
Day +5 13 -1.3% -3.7% to +0.8% 31% -3.7% to +0.8% 0.0%
Day +6 13 -1.7% -4.2% to +2.1% 31% -4.2% to +2.1% 0.0%
Day +7 13 -2.6% -7.5% to +3.1% 38% -7.5% to +3.1% 0.0%
Day +8 13 -4.0% -6.9% to -0.4% 23% -6.9% to -0.4% -0.4%
Day +9 13 -2.5% -8.8% to +0.1% 31% -8.8% to +0.1% 0.0%
Day +10 13 -5.0% -8.6% to +0.4% 31% -8.6% to +0.4% 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

FLG trailing historical statistics
Sessions closed above gamma max 6%
Gamma max crosses 14
Delta neutral crosses 26
Prior-year sessions closer to gamma max 99.2% of 252
Prior-year sessions closer to delta neutral 73.4% of 252
Open interest percentile (1y) 12th
Daily open interest change versus prior year -3.58σ (-55,635 contracts; 252 prior changes)
Open interest change, 5 sessions -5.6%
Open interest change, 21 sessions -0.1%
History available Oct 29, 2024 → Oct 16, 2026

Recent crosses

  1. closed below delta neutral at 11.25 vs 11.59 (-3.0%)
  2. closed above delta neutral at 11.11 vs 10.88 (+2.0%)
  3. closed below delta neutral at 12.04 vs 12.19 (-1.3%)
  4. closed above delta neutral at 12.39 vs 11.83 (+4.5%)
  5. closed below delta neutral at 12.54 vs 12.79 (-2.0%)
  6. closed above delta neutral at 12.59 vs 12.46 (+1.0%)
  7. closed below delta neutral at 12.58 vs 12.65 (-0.6%)
  8. closed above delta neutral at 13.02 vs 12.89 (+1.0%)
  9. closed below delta neutral at 13.18 vs 13.22 (-0.3%)
  10. closed above delta neutral at 13.49 vs 13.34 (+1.1%)

In today's screens

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Neighbours by open interest

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

Questions people ask about FLG

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

As of Oct 16, 2026 close, nearest-expiration max pain is 12.00 for the 2026-11-20 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 FLG's gamma exposure and gamma flip show?

Signed net GEX is -2,986,941 as of Oct 16, 2026 close. The confirmed GEX flip is 12.04. 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 FLG's gamma max today?

As of Oct 16, 2026, the gamma max for FLG is 16.55, +49.3% from the 11.08 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 FLG above or below its delta neutral price?

FLG closed below delta neutral: 11.08 against a delta neutral price of 11.80. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FLG have?

222,694 contracts of open interest across 109 listed contracts on Oct 16, 2026, -20.0% 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.