# BORR: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/BORR
Data through: 2026-10-23 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 4.40 |
| Delta neutral (USD/share) | 3.67 |
| Gamma neutral (USD/share) | 3.77 |
| Gamma max (USD/share) | 5.74 |
| Open interest (contracts) | 120,073 |
| Nearest-expiration max pain (USD/share) | 5.00 (2026-11-20) |
| All-expiration max pain (USD/share) | 5.00 |
| Net gamma exposure | 982,932 |
| Confirmed GEX flip (USD/share) | 3.77 |
| Call wall (USD/share) | 5.00 |
| Put wall (USD/share) | 4.00 |
| Put/call open-interest ratio | 0.74 |
| Options catalyst-intensity score (0–100) | 44.0 |
| Options directional score (-100 to +100) | 11.7 |
| IV rank | 4.7 |
| Front-minus-back IV | – pp |
| Front 25-delta risk reversal | -9.9 pp |
| Call OI change, 1 session | +2,869 contracts · +4.3% |
| Put OI change, 1 session | +6,620 contracts · +14.9% |
| Call minus put OI growth, 1 session | -10.5 pp |
| Call OI change, 5 sessions | +922 contracts · +1.4% |
| Put OI change, 5 sessions | +12,973 contracts · +34.0% |
| Call minus put OI growth, 5 sessions | -32.7 pp |
| Daily call OI change surprise | +1.06σ (239 prior changes) |
| Daily put OI change surprise | +5.04σ (239 prior changes) |
| Daily call-minus-put growth surprise | -1.53σ (239 prior changes) |
| Daily open interest change (contracts) | 9,489 |
| Daily open interest change z-score (prior 252) | +2.65σ (252 prior changes) |
| Gamma max distance from close | +30.4% |
| Delta neutral distance from close | -16.5% |
| Prior-year sessions closer to gamma max | 90.1% of 252 |
| Prior-year sessions closer to delta neutral | 13.1% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 13 | 0.0% | -2.9% to +2.3% | 46% | -2.9% to +2.3% | 0.0% |
| above | Day +3 | 13 | -3.3% | -7.1% to +2.6% | 31% | -7.1% to +2.6% | 0.0% |
| above | Day +5 | 13 | -3.4% | -8.6% to +9.2% | 38% | -8.6% to +9.2% | 0.0% |
| above | Day +10 | 13 | +3.8% | -10.1% to +11.0% | 54% | -10.1% to +11.0% | 0.0% |
| below | Day +1 | 13 | -1.7% | -4.9% to +1.8% | 38% | -4.9% to +1.8% | 0.0% |
| below | Day +3 | 13 | -3.3% | -8.5% to +2.5% | 31% | -8.5% to +2.5% | 0.0% |
| below | Day +5 | 13 | -4.2% | -10.6% to +6.9% | 46% | -10.6% to +6.9% | 0.0% |
| below | Day +10 | 13 | +3.1% | -11.4% to +17.2% | 54% | -11.4% to +17.2% | 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/BORR.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/BORR.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/BORR.json?date=2026-10-23&public_schema=4)

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).