# ANET: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 207.35 |
| Delta neutral (USD/share) | 183.89 |
| Gamma neutral (USD/share) | 187.22 |
| Gamma max (USD/share) | 221.53 |
| Open interest (contracts) | 279,470 |
| Nearest-expiration max pain (USD/share) | 195.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 165.00 |
| Net gamma exposure | 9,693,138 |
| Confirmed GEX flip (USD/share) | 187.22 |
| Call wall (USD/share) | 210.00 |
| Put wall (USD/share) | 190.00 |
| Put/call open-interest ratio | 0.87 |
| Options catalyst-intensity score (0–100) | 38.0 |
| Options directional score (-100 to +100) | -11.9 |
| IV rank | 61.8 |
| Front ATM IV | +44.3% |
| Front-minus-back IV | -8.7 pp |
| Front expected move | +6.1% |
| Front ATM straddle / spot | +4.4% |
| Front 25-delta risk reversal | 0.1 pp |
| Call OI change, 1 session | -10,461 contracts · -6.5% |
| Put OI change, 1 session | -7,887 contracts · -5.7% |
| Call minus put OI growth, 1 session | -0.8 pp |
| Call OI change, 5 sessions | +1,480 contracts · +1.0% |
| Put OI change, 5 sessions | +3,312 contracts · +2.6% |
| Call minus put OI growth, 5 sessions | -1.6 pp |
| Daily call OI change surprise | -0.75σ (252 prior changes) |
| Daily put OI change surprise | -0.70σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.25σ (252 prior changes) |
| Daily open interest change (contracts) | -18,348 |
| Daily open interest change z-score (prior 252) | -0.74σ (252 prior changes) |
| Gamma max distance from close | +6.8% |
| Delta neutral distance from close | -11.3% |
| Prior-year sessions closer to gamma max | 31.0% of 252 |
| Prior-year sessions closer to delta neutral | 65.1% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 33 | -0.2% | -1.8% to +1.1% | 45% | -1.0% to +0.4% | 0.0% |
| above | Day +3 | 33 | -0.8% | -2.6% to +1.7% | 39% | -2.2% to +0.8% | 0.0% |
| above | Day +5 | 33 | +0.9% | -1.8% to +2.8% | 67% | +0.2% to +1.9% | +0.2% |
| above | Day +10 | 33 | -0.1% | -5.4% to +5.3% | 48% | -4.9% to +4.0% | 0.0% |
| below | Day +1 | 34 | +0.6% | -0.3% to +2.1% | 68% | +0.0% to +1.7% | +0.0% |
| below | Day +3 | 34 | +0.5% | -1.0% to +2.3% | 59% | -0.8% to +1.7% | 0.0% |
| below | Day +5 | 34 | +0.2% | -2.0% to +3.1% | 53% | -1.8% to +2.1% | 0.0% |
| below | Day +10 | 34 | +0.7% | -4.8% to +4.7% | 56% | -1.7% to +2.8% | 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/ANET.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/ANET.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/ANET.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).