# AFRM: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/AFRM
Data through: 2026-10-02 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 70.77 |
| Delta neutral (USD/share) | 69.90 |
| Gamma neutral (USD/share) | 69.51 |
| Gamma max (USD/share) | 82.06 |
| Open interest (contracts) | 232,479 |
| Nearest-expiration max pain (USD/share) | 70.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 70.00 |
| Net gamma exposure | 1,255,034 |
| Confirmed GEX flip (USD/share) | 69.51 |
| Call wall (USD/share) | 80.00 |
| Put wall (USD/share) | 70.00 |
| Put/call open-interest ratio | 1.22 |
| Options catalyst-intensity score (0–100) | 43.4 |
| Options directional score (-100 to +100) | -12.7 |
| IV rank | 100.0 |
| Front ATM IV | +52.5% |
| Front-minus-back IV | -11.8 pp |
| Front expected move | +7.3% |
| Front ATM straddle / spot | +5.3% |
| Front 25-delta risk reversal | -1.3 pp |
| Call OI change, 1 session | -12,724 contracts · -10.8% |
| Put OI change, 1 session | -5,645 contracts · -4.2% |
| Call minus put OI growth, 1 session | -6.6 pp |
| Call OI change, 5 sessions | +6,692 contracts · +6.8% |
| Put OI change, 5 sessions | +5,562 contracts · +4.6% |
| Call minus put OI growth, 5 sessions | +2.3 pp |
| Daily call OI change surprise | -0.91σ (252 prior changes) |
| Daily put OI change surprise | -0.49σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.87σ (252 prior changes) |
| Daily open interest change (contracts) | -18,369 |
| Daily open interest change z-score (prior 252) | -0.75σ (252 prior changes) |
| Gamma max distance from close | +16.0% |
| Delta neutral distance from close | -1.2% |
| Prior-year sessions closer to gamma max | 58.7% of 252 |
| Prior-year sessions closer to delta neutral | 12.7% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 13 | +1.2% | -1.7% to +3.1% | 62% | -1.7% to +3.1% | 0.0% |
| above | Day +3 | 13 | +0.8% | -3.9% to +4.6% | 62% | -3.9% to +4.6% | 0.0% |
| above | Day +5 | 13 | +2.7% | -6.1% to +9.3% | 62% | -6.1% to +9.3% | 0.0% |
| above | Day +10 | 13 | +9.3% | -0.2% to +13.1% | 69% | -0.2% to +13.1% | 0.0% |
| below | Day +1 | 14 | +1.2% | -0.9% to +3.0% | 71% | -1.2% to +3.2% | 0.0% |
| below | Day +3 | 14 | -0.6% | -3.8% to +3.4% | 50% | -4.0% to +3.4% | 0.0% |
| below | Day +5 | 14 | +0.8% | -2.0% to +8.1% | 50% | -2.1% to +8.6% | 0.0% |
| below | Day +10 | 14 | +4.3% | -7.9% to +14.4% | 57% | -8.7% to +15.1% | 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/AFRM.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/AFRM.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/AFRM.json?date=2026-10-02)

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).