Data through close

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

As of close · rank #514 by open interest · 85 sessions of history since Jun 17, 2026

FRVO's nearest-expiration max pain is 12.50 for 2026-11-20, its GEX flip is 12.10, net GEX is -4,950, its put/call open-interest ratio is 0.31. These are whole-chain derived aggregates as of Oct 16, 2026 close.

FRVO 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
12.50
+29.1% from close
Expiry: 2026-11-20
GEX flip
12.10
+25.0% from close
Net GEX
-4,950
-3,725 per 100k OI
Call wall
15.00
+55.0% from close
Put wall
12.50
+29.1% from close
Put/call OI
0.31
31,762 puts / 101,121 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
9.68
prev 10.26
Gamma max
20.93
+116.3% from close
Delta neutral
10.84
+12.0% from close
Gamma neutral
12.10
+25.0% from close
Open interest
132,883
-16.6% vs prev
Contracts listed
151
92 calls · 76 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
50.7
cross-sectional score / 100
Directional score
29.6
relatively bullish positioning
IV rank
100.0
within trailing 52-week range
Front IV premium
1.6 pp
front minus back volatility difference
25Δ risk reversal
-10.8 pp
put IV minus call IV
IV butterfly
– pp
front-window smile convexity
Volume / open interest
0.03
5,146 contracts traded
Normalized net delta
-0.091
option-holder convention
Modeled dealer delta
0.091
opposite-side scenario
Vanna / 100k OI
2,434
volatility-sensitive delta
Charm / 100k OI
43,679
time-decay-sensitive delta
IV surface range
23.6 pp
aggregate volatility dispersion

Strongest relative signals: IV rank 100

Download the dated aggregate analysis JSON .

FRVO closed 116.3% below its gamma max of 20.93. It is 12.0% below the delta neutral price of 10.84. Total open interest is 132,883, -16.6% versus the previous session. Its options catalyst-intensity score is 50.7 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.

FRVO call and put open interest changes
Measure Value
Call OI change, 1 session -15,347 contracts · -13.2%
Put OI change, 1 session -11,188 contracts · -26.0%
Call minus put OI growth, 1 session +12.9 pp
Call OI change, 5 sessions -10,488 contracts · -9.4%
Put OI change, 5 sessions -10,993 contracts · -25.7%
Call minus put OI growth, 5 sessions +16.3 pp
Daily call OI change surprise — (83 prior changes)
Daily put OI change surprise — (83 prior changes)
Daily call-minus-put growth surprise — (83 prior changes)

History

2026-06 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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Last 85 sessions

FRVO trailing historical statistics
Sessions closed above gamma max 0%
Gamma max crosses 0
Delta neutral crosses 13
Prior-year sessions closer to gamma max 100.0% of 84
Prior-year sessions closer to delta neutral 61.9% of 84
Open interest percentile (1y) 92th
Daily open interest change versus prior year – (-26,535 contracts; 83 prior changes)
Open interest change, 5 sessions -13.9%
Open interest change, 21 sessions +21.1%
History available Jun 17, 2026 → Oct 16, 2026

Recent crosses

  1. closed below delta neutral at 12.87 vs 13.06 (-1.5%)
  2. closed above delta neutral at 14.33 vs 13.70 (+4.4%)
  3. closed below delta neutral at 13.46 vs 13.75 (-2.1%)
  4. closed above delta neutral at 14.46 vs 13.89 (+4.0%)
  5. closed below delta neutral at 13.75 vs 14.47 (-5.2%)
  6. closed above delta neutral at 15.16 vs 15.02 (+0.9%)
  7. closed below delta neutral at 14.96 vs 15.02 (-0.4%)
  8. closed above delta neutral at 19.75 vs 16.34 (+17.2%)
  9. closed below delta neutral at 14.77 vs 15.64 (-5.9%)
  10. closed above delta neutral at 15.96 vs 15.74 (+1.4%)

In today's screens

Neighbours by open interest

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

Questions people ask about FRVO

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

As of Oct 16, 2026 close, nearest-expiration max pain is 12.50 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 FRVO's gamma exposure and gamma flip show?

Signed net GEX is -4,950 as of Oct 16, 2026 close. The confirmed GEX flip is 12.10. 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 FRVO's gamma max today?

As of Oct 16, 2026, the gamma max for FRVO is 20.93, +116.3% from the 9.68 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 FRVO above or below its delta neutral price?

FRVO closed below delta neutral: 9.68 against a delta neutral price of 10.84. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does FRVO have?

132,883 contracts of open interest across 151 listed contracts on Oct 16, 2026, -16.6% 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.