Data through close

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

As of close · rank #607 by open interest · 172 sessions of history since Feb 11, 2026

FPS's nearest-expiration max pain is 35.00 for 2026-11-20, its GEX flip is 22.73, net GEX is 2,567,902, its put/call open-interest ratio is 0.45. These are whole-chain derived aggregates as of Oct 16, 2026 close.

FPS 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
35.00
+10.5% from close
Expiry: 2026-11-20
GEX flip
22.73
-28.3% from close
Net GEX
2,567,902
2,523,761 per 100k OI
Call wall
40.00
+26.3% from close
Put wall
35.00
+10.5% from close
Put/call OI
0.45
31,386 puts / 70,363 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
31.68
prev 32.37
Gamma max
39.78
+25.6% from close
Delta neutral
30.13
-4.9% from close
Gamma neutral
22.73
-28.3% from close
Open interest
101,749
-25.6% vs prev
Contracts listed
207
130 calls · 103 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
54.5
cross-sectional score / 100
Directional score
7.9
mixed positioning
IV rank
100.0
within trailing 52-week range
Front IV premium
4.4 pp
front minus back volatility difference
25Δ risk reversal
3.5 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.05
7,270 contracts traded
Normalized net delta
0.042
option-holder convention
Modeled dealer delta
-0.042
opposite-side scenario
Vanna / 100k OI
2,099
volatility-sensitive delta
Charm / 100k OI
-124,686
time-decay-sensitive delta
IV surface range
23.8 pp
aggregate volatility dispersion

Strongest relative signals: IV rank 100

Download the dated aggregate analysis JSON .

FPS closed 25.6% below its gamma max of 39.78. It is 4.9% above the delta neutral price of 30.13. Total open interest is 101,749, -25.6% versus the previous session. Its options catalyst-intensity score is 54.5 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.

FPS call and put open interest changes
Measure Value
Call OI change, 1 session -27,081 contracts · -27.8%
Put OI change, 1 session -7,860 contracts · -20.0%
Call minus put OI growth, 1 session -7.8 pp
Call OI change, 5 sessions -27,860 contracts · -28.4%
Put OI change, 5 sessions -6,577 contracts · -17.3%
Call minus put OI growth, 5 sessions -11.0 pp
Daily call OI change surprise — (170 prior changes)
Daily put OI change surprise — (170 prior changes)
Daily call-minus-put growth surprise — (153 prior changes)

History

2026-02 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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Swipe chart sideways to see the full range.

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 6 completed Day +10 paths · latest Oct 7, 2026
FPS 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. -26.0% -13.0% 0% +13.0% +26.0% Cross on Feb 13, 2026 Cross on May 18, 2026 Cross on Jun 9, 2026 Cross on Jun 18, 2026 Cross on Sep 17, 2026 Cross on Sep 28, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FPS historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 8 -0.4% -2.2% to +2.2% 50% -2.5% to +3.6% 0.0%
Day +2 8 +0.5% -1.8% to +2.7% 50% -2.7% to +3.9% 0.0%
Day +3 8 +1.6% -0.4% to +2.4% 75% -5.2% to +3.3% 0.0%
Day +4 8 +3.8% -1.0% to +7.0% 75% -7.4% to +10.3% 0.0%
Day +5 8 +2.3% -6.9% to +4.5% 63% -13.1% to +6.5% 0.0%
Day +6 8 +2.0% -8.7% to +8.7% 63% -13.3% to +9.8% 0.0%
Day +7 8 -0.8% -13.0% to +10.5% 50% -16.1% to +11.0% 0.0%
Day +8 7 +2.7% -9.6% to +8.5% 57% -21.3% to +26.9% 0.0%
Day +9 7 +2.4% -10.2% to +6.6% 57% -26.1% to +30.8% 0.0%
Day +10 6 +1.9% -1.1% to +4.5% 67% -25.1% to +32.0% 0.0%
Crosses above gamma max 6 completed Day +10 paths · latest Oct 6, 2026
FPS 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. -28.0% -14.0% 0% +14.0% +28.0% Cross on Apr 20, 2026 Cross on May 21, 2026 Cross on Jun 12, 2026 Cross on Sep 16, 2026 Cross on Sep 18, 2026 Cross on Oct 2, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
FPS historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 7 -1.3% -2.6% to +1.2% 29% -4.3% to +9.2% 0.0%
Day +2 7 +1.7% -0.9% to +2.6% 71% -3.7% to +13.2% 0.0%
Day +3 7 +1.1% -0.9% to +3.2% 71% -3.2% to +8.4% 0.0%
Day +4 7 -1.2% -1.7% to +5.3% 43% -10.3% to +10.6% 0.0%
Day +5 7 +4.8% -1.0% to +10.8% 57% -12.5% to +14.5% 0.0%
Day +6 7 +0.5% -7.7% to +10.0% 57% -20.9% to +16.1% 0.0%
Day +7 7 +1.8% -8.0% to +9.2% 57% -21.7% to +17.2% 0.0%
Day +8 7 -0.6% -12.0% to +7.7% 43% -23.4% to +23.2% 0.0%
Day +9 6 +0.7% -6.3% to +13.0% 50% -19.8% to +33.1% 0.0%
Day +10 6 +4.9% -4.6% to +15.8% 67% -21.5% to +21.9% 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 172 sessions

FPS trailing historical statistics
Sessions closed above gamma max 27%
Gamma max crosses 15
Delta neutral crosses 10
Prior-year sessions closer to gamma max 82.9% of 170
Prior-year sessions closer to delta neutral 13.5% of 170
Open interest percentile (1y) 88th
Daily open interest change versus prior year – (-34,941 contracts; 170 prior changes)
Open interest change, 5 sessions -25.3%
Open interest change, 21 sessions -29.6%
History available Feb 11, 2026 → Oct 16, 2026

Recent crosses

  1. closed below gamma max at 40.65 vs 40.98 (-0.8%)
  2. closed above gamma max at 41.35 vs 40.13 (+2.9%)
  3. closed below gamma max at 38.97 vs 39.50 (-1.4%)
  4. closed above gamma max at 40.35 vs 39.18 (+2.9%)
  5. closed below gamma max at 36.59 vs 37.81 (-3.3%)
  6. closed above gamma max at 39.44 vs 36.09 (+8.5%)
  7. closed below gamma max at 38.06 vs 39.62 (-4.1%)
  8. closed above gamma max at 34.84 vs 33.26 (+4.5%)
  9. closed above delta neutral at 33.18 vs 28.74 (+13.4%)
  10. closed below delta neutral at 34.46 vs 35.24 (-2.3%)

In today's screens

Neighbours by open interest

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

Questions people ask about FPS

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

As of Oct 16, 2026 close, nearest-expiration max pain is 35.00 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 FPS's gamma exposure and gamma flip show?

Signed net GEX is 2,567,902 as of Oct 16, 2026 close. The confirmed GEX flip is 22.73. 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 FPS's gamma max today?

As of Oct 16, 2026, the gamma max for FPS is 39.78, +25.6% from the 31.68 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 FPS above or below its delta neutral price?

FPS closed above delta neutral: 31.68 against a delta neutral price of 30.13. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FPS have?

101,749 contracts of open interest across 207 listed contracts on Oct 16, 2026, -25.6% 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.