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FNKO

Funko, Inc.Close $4.91EOD only
Max Pain
$5.00
Next expiry Jun 18, 2026
Expected Move
±$1.20
24.4% from close
Price Gap
+0.09
Distance to max pain
IV Rank
3
Low premium
P/C OI
0.19
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: May 20, 2026 close
End-of-day snapshot

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

Published Snapshot
May 20, 2026 close
FNKO Flow Report
Analysis based on market close March 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasNeutral/No Signal
Confirmation: N/A — Market is illiquid. A signal would require sustained volume >10K and OI >1K to establish a baseline.
Invalidation: N/A — No thesis to invalidate due to insufficient data.
Confidence:
1 / 10
base 0; +1 for clear low-flow signal; -0 for no contradictory data. Total volume 330, OI 6. Data is statistically insignificant.

Watch next session: Any volume spike >1,000 contracts; OI growth beyond single digits at any strike

Flow Summary

Net premium: $-0K (negligible)

P/C volume ratio: 0.13 — call-dominant but on negligible volume

P/C OI ratio: N/A — OI too low for meaningful ratio

Market is effectively dormant. With only 330 total contracts traded and 6 total open interest, there is no institutional or meaningful retail flow to analyze. The 'mixed' flow regime is a data artifact, not a signal.

Notable Prints

Institutional Positioning

Call additions: None detected. Total OI of 6 contracts precludes institutional activity.

Put additions: None detected.

GEX/DEX consistency: N/A — GEX of $-0K is meaningless with such low OI.

OI clusters: No meaningful clusters. Top OI is 5 contracts at the $5.00 Put.

Hedging evidence: None. The $5.00 Put with 5 OI is more likely a long-term lottery ticket or legacy position than a hedge.

Max pain context: Max Pain at $2.50 for near-term expiries, but with spot at $3.37 and minimal OI, pin risk is non-existent. The rising MP trend to $7.50 in 2027 reflects the few long-dated contracts, not a consensus view.

Signal vs Noise

~All flow is noise. Total daily volume of 330 contracts is below the threshold for meaningful order flow analysis.
~The $5.00 Put with $180 in premium flow is statistically meaningless; it represents a few small retail trades.
~The IV term structure (12.5% near-term, 6.2% long-term) is inverted but based on negligible trading activity and likely stale quotes.

Key Conclusions

🚫Market is illiquid — No actionable flow signal. Total OI: 6, Volume: 330.
📊Data quality insufficient for analysis. A 'notable print' would need to be >33 contracts (10% of volume) and >5x OI, which is impossible with current OI levels.
⚠️Avoid over-interpretation. The provided metrics (P/C ratio, net premium, GEX) are mathematical outputs of tiny numbers, not reflections of market positioning.
How to Use These Reports
This flow reflects the market close on March 26, 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.