Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) Open Interest History
Open interest tracks the total number of outstanding options contracts. Rising OI alongside price moves can indicate growing commitment to the trend; declining OI suggests positions are being closed.
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) operates in the Financial Services sector, specifically the Asset Management - Leveraged industry, with a market capitalization near $140.7M, listed on AMEX, carrying a beta of 2.81 to the broader market. The Direxion Daily NYSE FANG+ Bull 2X ETF is designed to achieve daily investment returns that are 200% (or two times) the performance of the NYSE FANG+ Index, calculated before the subtraction of fees and expenses. public since 2021-09-30.
Snapshot as of Oct 14, 2026.
- Spot Price
- $274.46
- Call OI
- 173
- Put OI
- 255
- Total OI
- 428
- Put/Call Ratio
- 0.08
As of Oct 14, 2026, Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) has 428 total contracts outstanding across all expirations. Put/call OI ratio is 1.47 (put-heavy positioning, often indicating hedging or bearish bias). Open interest reflects accumulated positions from prior sessions; persistent growth indicates sustained directional or hedging interest, while sharp drops typically mean post-expiration clean-up.
How FNGG open interest history Data Feeds Strategy Selection
Strategy selection on Direxion Daily NYSE FANG+ Bull 2X ETF options does not derive from any single metric in isolation. The open interest history view above sits inside a broader read: ATM IV currently sits at 39.4% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the open interest history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the FNGG open-interest data
The open-interest time-series below tracks the total Direxion Daily NYSE FANG+ Bull 2X ETF options inventory outstanding day by day. OI is a stock measure - the cumulative position count - so trends flag accumulating or distributing positioning. Current put/call ratio is 0.08, call-heavy - speculative or bullish positioning dominates. Total call OI of 173 versus put OI of 255 gives a put/call OI ratio of 1.47 - structurally a slower-moving signal than the volume-based ratio.
FNGG flow vs positioning
Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. Combined with the current negative dealer-gamma regime, large OI clusters tend to act as price repellents that accelerate moves through key strikes.
Using FNGG OI/volume data alongside other surfaces
Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for FNGG sits at 37 days, so near-dated volume currently dominates the flow reading.
Learn how open interest is reported and how to read the data →
Daily open-interest history for FNGG options over the last ~31 trading days. Each row reflects the end-of-day total OI summed across all listed strikes and expirations.
Most recent 15 trading days (descending). Older history appears in the chart above.
| Date | Call OI | Put OI | Total OI | P/C OI |
|---|---|---|---|---|
| Oct 14, 2026 | 173 | 255 | 428 | 1.47 |
| Oct 13, 2026 | 173 | 254 | 427 | 1.47 |
| Oct 12, 2026 | 173 | 234 | 407 | 1.35 |
| Oct 9, 2026 | 173 | 234 | 407 | 1.35 |
| Oct 8, 2026 | 173 | 233 | 406 | 1.35 |
| Oct 7, 2026 | 173 | 223 | 396 | 1.29 |
| Oct 6, 2026 | 171 | 223 | 394 | 1.30 |
| Oct 5, 2026 | 170 | 223 | 393 | 1.31 |
| Oct 2, 2026 | 168 | 223 | 391 | 1.33 |
| Oct 1, 2026 | 168 | 219 | 387 | 1.30 |
| Sep 30, 2026 | 166 | 219 | 385 | 1.32 |
| Sep 29, 2026 | 166 | 219 | 385 | 1.32 |
| Sep 28, 2026 | 166 | 190 | 356 | 1.14 |
| Sep 25, 2026 | 170 | 190 | 360 | 1.12 |
| Sep 24, 2026 | 170 | 187 | 357 | 1.10 |
Frequently asked FNGG open interest history questions
- What is the current FNGG options open interest?
- As of Oct 14, 2026, Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) has 428 total contracts outstanding across all listed expirations, split as 173 calls and 255 puts. Open interest reflects accumulated positions from prior trading sessions; it does not include today's volume until end-of-day reconciliation.
- What is the FNGG put/call open interest ratio?
- Put/call OI ratio of 1.47 is put-heavy, often indicating hedging demand or bearish positioning.
- What does FNGG open interest tell traders?
- Persistent OI growth indicates sustained directional or hedging interest; sharp drops typically mean post-expiration position cleanup. Heavy OI concentrations at specific strikes act as support and resistance levels because dealer hedging amplifies near those strikes - the gamma profile of the dealer book is concentrated there. Comparing today's volume to standing OI separates opening flow from closing flow.