# FRO: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 52.49 |
| Delta neutral (USD/share) | 51.64 |
| Gamma neutral (USD/share) | 47.14 |
| Gamma max (USD/share) | 60.13 |
| Open interest (contracts) | 178,308 |
| Nearest-expiration max pain (USD/share) | 54.20 (2026-11-20) |
| All-expiration max pain (USD/share) | 54.20 |
| Net gamma exposure | 1,699,741 |
| Confirmed GEX flip (USD/share) | 47.14 |
| Call wall (USD/share) | 59.20 |
| Put wall (USD/share) | 54.20 |
| Put/call open-interest ratio | 1.06 |
| Options catalyst-intensity score (0–100) | 33.1 |
| Options directional score (-100 to +100) | -8.7 |
| IV rank | 100.0 |
| Front-minus-back IV | -3.9 pp |
| Front 25-delta risk reversal | -0.5 pp |
| Call OI change, 1 session | -21,531 contracts · -19.9% |
| Put OI change, 1 session | -30,781 contracts · -25.2% |
| Call minus put OI growth, 1 session | +5.3 pp |
| Call OI change, 5 sessions | -2,276 contracts · -2.6% |
| Put OI change, 5 sessions | -2,760 contracts · -2.9% |
| Call minus put OI growth, 5 sessions | +0.4 pp |
| Daily call OI change surprise | -2.63σ (250 prior changes) |
| Daily put OI change surprise | -6.34σ (250 prior changes) |
| Daily call-minus-put growth surprise | +0.56σ (250 prior changes) |
| Daily open interest change (contracts) | -52,312 |
| Daily open interest change z-score (prior 252) | -4.23σ (252 prior changes) |
| Gamma max distance from close | +14.6% |
| Delta neutral distance from close | -1.6% |
| Prior-year sessions closer to gamma max | 79.0% of 252 |
| Prior-year sessions closer to delta neutral | 11.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 55 | -0.5% | -1.6% to +1.6% | 38% | -1.0% to +0.1% | 0.0% |
| above | Day +3 | 55 | -0.2% | -1.9% to +3.0% | 49% | -1.0% to +1.9% | 0.0% |
| above | Day +5 | 55 | +0.1% | -3.8% to +4.4% | 53% | -1.6% to +1.8% | 0.0% |
| above | Day +10 | 54 | -2.4% | -8.4% to +4.4% | 37% | -4.2% to -0.1% | -0.1% |
| below | Day +1 | 53 | +0.2% | -1.9% to +1.4% | 53% | -0.7% to +1.0% | 0.0% |
| below | Day +3 | 52 | +1.1% | -3.3% to +3.8% | 60% | -1.7% to +2.0% | 0.0% |
| below | Day +5 | 52 | -0.2% | -5.1% to +4.9% | 48% | -2.9% to +2.0% | 0.0% |
| below | Day +10 | 52 | -0.5% | -6.9% to +4.1% | 48% | -4.4% to +1.6% | 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/FRO.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/FRO.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/FRO.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).