# APO: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 114.02 |
| Delta neutral (USD/share) | 125.28 |
| Gamma neutral (USD/share) | 128.80 |
| Gamma max (USD/share) | 159.29 |
| Open interest (contracts) | 327,609 |
| Nearest-expiration max pain (USD/share) | 115.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 130.00 |
| Net gamma exposure | -24,390,785 |
| Confirmed GEX flip (USD/share) | 128.80 |
| Call wall (USD/share) | 130.00 |
| Put wall (USD/share) | 115.00 |
| Put/call open-interest ratio | 0.99 |
| Options catalyst-intensity score (0–100) | 72.3 |
| Options directional score (-100 to +100) | 4.5 |
| IV rank | 100.0 |
| Front ATM IV | +39.1% |
| Front-minus-back IV | -2.3 pp |
| Front expected move | +5.4% |
| Front ATM straddle / spot | +4.2% |
| Front 25-delta risk reversal | -54.2 pp |
| Call OI change, 1 session | -601 contracts · -0.4% |
| Put OI change, 1 session | +1,719 contracts · +1.1% |
| Call minus put OI growth, 1 session | -1.4 pp |
| Call OI change, 5 sessions | +1,555 contracts · +1.0% |
| Put OI change, 5 sessions | +3,997 contracts · +2.5% |
| Call minus put OI growth, 5 sessions | -1.6 pp |
| Daily call OI change surprise | -0.05σ (252 prior changes) |
| Daily put OI change surprise | +0.24σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.47σ (252 prior changes) |
| Daily open interest change (contracts) | 1,118 |
| Daily open interest change z-score (prior 252) | +0.08σ (252 prior changes) |
| Gamma max distance from close | +39.7% |
| Delta neutral distance from close | +9.9% |
| Prior-year sessions closer to gamma max | 90.9% of 252 |
| Prior-year sessions closer to delta neutral | 88.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 39 | -0.1% | -0.9% to +0.8% | 46% | -0.7% to +0.4% | 0.0% |
| above | Day +3 | 39 | +0.4% | -0.7% to +2.2% | 54% | -0.4% to +1.4% | 0.0% |
| above | Day +5 | 39 | +1.1% | -0.7% to +3.4% | 62% | -0.3% to +2.9% | 0.0% |
| above | Day +10 | 39 | +0.9% | -1.0% to +4.6% | 59% | -0.3% to +2.9% | 0.0% |
| below | Day +1 | 38 | +0.3% | -0.5% to +1.3% | 66% | +0.1% to +1.0% | +0.1% |
| below | Day +3 | 38 | +1.3% | -0.1% to +2.6% | 71% | +0.3% to +1.8% | +0.3% |
| below | Day +5 | 38 | +2.2% | -0.6% to +5.3% | 71% | +0.3% to +3.3% | +0.3% |
| below | Day +10 | 38 | +1.3% | -1.0% to +5.6% | 63% | -0.2% to +3.4% | 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/APO.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/APO.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/APO.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).