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F

Ford Motor CompanyClose $13.06EOD only

Max Pain

$13.00

Next expiry May 22, 2026

Expected Move

±$0.45

3.5% from close

Price Gap

-0.06

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.72

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 19, 2026 close

End-of-day snapshot

This page reflects F options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 19, 2026 close

F Flow Report

Analysis based on market close March 31, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Flow Verdict

Confidence:

7.5 / 10

base 5; +1.5 heavy put flow near-term; +1 negative GEX/flow alignment; -0 low-flow day penalty

Watch next session: $11.50 PUT OI buildup for 4/10; Any call buying to defend $12.00 level

Flow Summary

Net premium: +$2.9M (mixed, skewed by deep OTM calls)

P/C volume ratio: 1.09 — slight put lean

P/C OI ratio: 1.14 — moderate put lean

Flow is mixed with a defensive tilt. While net premium is positive, it's heavily distorted by massive, near-zero premium deep OTM call purchases. The meaningful, high-premium flow is dominated by put buying in the $11.50-$13.00 range, aligning with negative GEX and a spot below max pain.

Notable Prints

F 5/8/26 $13.00 Put

Vol: 7,773

OI: 104

Vol/OI: 74.7x

IV: 43.9%

Notional: ~$1.41M

Intent: Fresh directional put buying / bearish speculation

Dual read: Bought to open (bearish) or sold/covered (bullish)

Read-through: High IV (44%) and massive volume/OI spike suggests new bearish bets. The $13 strike is well above spot, targeting a move lower or hedging a long position against a decline.

F 4/10/26 $11.50 Put

Vol: 8,188

OI: 2,504

Vol/OI: 3.3x

IV: 33.0%

Notional: ~$331K

Intent: Near-term directional put buying / earnings hedge

Dual read: Bought to open (bearish) or sold/covered (bullish)

Read-through: Expires just before earnings (4/29). This is a near-the-money put (spot $11.54) with significant volume. Likely a hedge against a pre-earnings drop or a bet on continued weakness toward the $11.50 max pain level for that week.

F 12/18/26 $5.00 Call

Vol: 3,248

OI: 936

Vol/OI: 3.5x

IV: 0.0%

Notional: ~$3.12M (Premium)

Intent: Lottery ticket / speculative long-dated call buying

Dual read: Bought to open (bullish) or sold (neutral/bearish)

Read-through: Massive notional premium but 0% IV indicates these are deep, deep OTM calls bought for pennies. This is speculative, low-probability bullish betting, not a near-term directional signal. Distorts net premium metric.

F 5/8/26 $11.50 Put

Vol: 1,821

OI: 133

Vol/OI: 13.7x

IV: 41.4%

Notional: ~$150K

Intent: Mid-term bearish positioning / hedge

Dual read: Bought to open (bearish) or sold/covered (bullish)

Read-through: Another put strike with elevated volume on the 5/8 expiry, reinforcing the bearish flow in that monthly cycle. Targets a break below the key $11.50 level.

Institutional Positioning

Call additions: Deep OTM $4.82-$5.00 calls in Dec'26/Jan'27 (speculative, low IV). Minimal near-term call buying.

Put additions: $11.50-$13.00 puts across Apr'26 and May'26 expiries. Meaningful premium spent.

GEX/DEX consistency: Yes — Negative GEX (-$38.2M) aligns with put-heavy, bearish flow. Market is in a 'trending' gamma regime, favoring continuation of the current move (spot below max pain).

OI clusters: Major PUT walls at $7.67-$8.00 (70k+ OI) and $10.00 (53k+ OI). Major CALL wall at $14.85 (53k OI). Current spot ($11.54) sits between the $10 put wall and $14.85 call wall.

Hedging evidence: Yes. The concentrated put OI at $7.67-$8.00 (70k+ contracts) is a massive, long-dated protective position. Combined with near-term put buying, suggests institutional books are defensively positioned.

Max pain context: Spot ($11.54) is below nearest max pain ($12.00 for 3/27). The overall max pain trend is falling ($12 → $10), indicating put-heavy positioning is increasing over time, pressuring spot lower.

Signal vs Noise

~Deep OTM $4.82/$5.00 Calls (Dec'26/Jan'27): Massive premium flow but 0% IV. These are lottery tickets, not a near-term bullish signal. They distort net premium positively.

~Top OI $7.67-$8.00 Puts: While massive, volume is low today. This is legacy hedging/positioning, not new flow.

~Top OI $19.85 Calls: High OI but low volume. Likely legacy positions or covered call writes, not active directional betting.

Key Conclusions

🐻High-premium flow is bearish, with concentrated put buying at $11.50-$13.00 for April/May.

⚖️Negative GEX (-$38.2M) and spot below max pain support the bearish flow thesis in a 'trending' regime.

🎫Ignore the net premium positivity; it's driven by speculative, deep OTM call lottery tickets.

🛡️Massive, long-dated put OI at $7.67-$8.00 indicates a strong institutional floor/hedge is in place far below.

How to Use These Reports

This flow reflects the market close on March 31, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.