# APLD: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 25.38 |
| Delta neutral (USD/share) | 23.10 |
| Gamma neutral (USD/share) | 21.20 |
| Gamma max (USD/share) | 31.53 |
| Open interest (contracts) | 719,389 |
| Nearest-expiration max pain (USD/share) | 25.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 22.00 |
| Net gamma exposure | 9,817,923 |
| Confirmed GEX flip (USD/share) | 21.20 |
| Call wall (USD/share) | 30.00 |
| Put wall (USD/share) | 25.00 |
| Put/call open-interest ratio | 0.48 |
| Options catalyst-intensity score (0–100) | 76.0 |
| Options directional score (-100 to +100) | 17.4 |
| IV rank | 72.7 |
| Front ATM IV | +130.6% |
| Front-minus-back IV | 42.9 pp |
| Front expected move | +18.1% |
| Front ATM straddle / spot | +13.2% |
| Front 25-delta risk reversal | -4.1 pp |
| Call OI change, 1 session | -23,641 contracts · -4.6% |
| Put OI change, 1 session | -11,761 contracts · -4.8% |
| Call minus put OI growth, 1 session | +0.2 pp |
| Call OI change, 5 sessions | +27,486 contracts · +6.0% |
| Put OI change, 5 sessions | +20,109 contracts · +9.5% |
| Call minus put OI growth, 5 sessions | -3.5 pp |
| Daily call OI change surprise | -0.66σ (252 prior changes) |
| Daily put OI change surprise | -0.54σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.06σ (252 prior changes) |
| Daily open interest change (contracts) | -35,402 |
| Daily open interest change z-score (prior 252) | -0.63σ (252 prior changes) |
| Gamma max distance from close | +24.2% |
| Delta neutral distance from close | -9.0% |
| Prior-year sessions closer to gamma max | 83.3% of 252 |
| Prior-year sessions closer to delta neutral | 9.9% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 28 | -0.4% | -3.9% to +2.9% | 46% | -3.6% to +1.2% | 0.0% |
| above | Day +3 | 28 | -0.7% | -11.5% to +5.4% | 50% | -7.6% to +3.1% | 0.0% |
| above | Day +5 | 28 | +0.7% | -9.4% to +10.3% | 54% | -5.8% to +6.3% | 0.0% |
| above | Day +10 | 28 | -1.6% | -18.6% to +13.6% | 46% | -9.4% to +10.9% | 0.0% |
| below | Day +1 | 30 | -0.8% | -3.7% to +3.6% | 40% | -1.6% to +2.9% | 0.0% |
| below | Day +3 | 30 | -1.0% | -4.9% to +5.5% | 43% | -3.6% to +4.4% | 0.0% |
| below | Day +5 | 30 | -1.1% | -8.6% to +8.9% | 47% | -4.6% to +5.1% | 0.0% |
| below | Day +10 | 30 | +6.2% | -10.6% to +16.0% | 57% | -8.5% to +11.5% | 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/APLD.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/APLD.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/APLD.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).