# APP: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 268.22 |
| Delta neutral (USD/share) | 305.58 |
| Gamma neutral (USD/share) | 306.72 |
| Gamma max (USD/share) | 370.27 |
| Open interest (contracts) | 358,741 |
| Nearest-expiration max pain (USD/share) | 302.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 330.00 |
| Net gamma exposure | -9,088,678 |
| Confirmed GEX flip (USD/share) | 306.72 |
| Call wall (USD/share) | 300.00 |
| Put wall (USD/share) | 270.00 |
| Put/call open-interest ratio | 0.86 |
| Options catalyst-intensity score (0–100) | 43.7 |
| Options directional score (-100 to +100) | -18.7 |
| IV rank | 94.3 |
| Front ATM IV | +54.2% |
| Front-minus-back IV | -17.8 pp |
| Front expected move | +7.5% |
| Front ATM straddle / spot | +5.5% |
| Front 25-delta risk reversal | 2.0 pp |
| Call OI change, 1 session | -6,858 contracts · -3.4% |
| Put OI change, 1 session | -14,431 contracts · -8.0% |
| Call minus put OI growth, 1 session | +4.6 pp |
| Call OI change, 5 sessions | +16,589 contracts · +9.4% |
| Put OI change, 5 sessions | +13,526 contracts · +8.9% |
| Call minus put OI growth, 5 sessions | +0.6 pp |
| Daily call OI change surprise | -0.40σ (252 prior changes) |
| Daily put OI change surprise | -1.33σ (252 prior changes) |
| Daily call-minus-put growth surprise | +1.68σ (252 prior changes) |
| Daily open interest change (contracts) | -21,289 |
| Daily open interest change z-score (prior 252) | -0.77σ (252 prior changes) |
| Gamma max distance from close | +38.0% |
| Delta neutral distance from close | +13.9% |
| Prior-year sessions closer to gamma max | 94.0% of 252 |
| Prior-year sessions closer to delta neutral | 82.1% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 27 | +0.5% | -2.1% to +2.0% | 56% | -0.7% to +1.6% | 0.0% |
| above | Day +3 | 27 | +0.6% | -2.6% to +4.7% | 52% | -1.5% to +4.0% | 0.0% |
| above | Day +5 | 27 | +1.0% | -1.8% to +5.8% | 67% | -1.3% to +4.1% | 0.0% |
| above | Day +10 | 27 | +3.2% | -10.6% to +9.4% | 63% | -1.8% to +7.1% | 0.0% |
| below | Day +1 | 29 | +0.3% | -1.2% to +2.5% | 55% | -0.4% to +1.9% | 0.0% |
| below | Day +3 | 29 | -1.0% | -5.0% to +1.6% | 45% | -3.0% to +0.7% | 0.0% |
| below | Day +5 | 29 | -2.0% | -7.0% to +2.6% | 41% | -4.6% to +1.7% | 0.0% |
| below | Day +10 | 29 | +4.4% | -7.3% to +10.4% | 59% | -2.3% to +10.0% | 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/APP.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/APP.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/APP.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).