# BTBT: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 1.63 |
| Delta neutral (USD/share) | 1.26 |
| Gamma neutral (USD/share) | 0.21 |
| Gamma max (USD/share) | 1.88 |
| Open interest (contracts) | 425,184 |
| Nearest-expiration max pain (USD/share) | 1.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 2.00 |
| Net gamma exposure | 9,758,433 |
| Confirmed GEX flip (USD/share) | 0.21 |
| Call wall (USD/share) | 2.00 |
| Put wall (USD/share) | 2.00 |
| Put/call open-interest ratio | 0.28 |
| Options catalyst-intensity score (0–100) | 41.5 |
| Options directional score (-100 to +100) | 34.6 |
| IV rank | 63.2 |
| Front ATM IV | – |
| Front-minus-back IV | – pp |
| Front expected move | – |
| Front ATM straddle / spot | – |
| Front 25-delta risk reversal | -32.4 pp |
| Call OI change, 1 session | -4,713 contracts · -1.4% |
| Put OI change, 1 session | +209 contracts · +0.2% |
| Call minus put OI growth, 1 session | -1.6 pp |
| Call OI change, 5 sessions | +12,668 contracts · +4.0% |
| Put OI change, 5 sessions | +2,584 contracts · +2.8% |
| Call minus put OI growth, 5 sessions | +1.1 pp |
| Daily call OI change surprise | -0.16σ (252 prior changes) |
| Daily put OI change surprise | +0.05σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.49σ (252 prior changes) |
| Daily open interest change (contracts) | -4,504 |
| Daily open interest change z-score (prior 252) | -0.13σ (252 prior changes) |
| Gamma max distance from close | +15.5% |
| Delta neutral distance from close | -22.8% |
| Prior-year sessions closer to gamma max | 36.9% of 252 |
| Prior-year sessions closer to delta neutral | 22.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 51 | +0.6% | -3.4% to +2.9% | 51% | -1.2% to +2.0% | 0.0% |
| above | Day +3 | 51 | +0.6% | -4.2% to +7.7% | 51% | -2.1% to +3.6% | 0.0% |
| above | Day +5 | 51 | -1.7% | -7.8% to +11.1% | 45% | -5.6% to +4.0% | 0.0% |
| above | Day +10 | 51 | +2.3% | -12.3% to +16.8% | 57% | -5.4% to +6.5% | 0.0% |
| below | Day +1 | 60 | +0.6% | -2.5% to +3.6% | 55% | -0.4% to +2.2% | 0.0% |
| below | Day +3 | 60 | +0.7% | -5.0% to +8.1% | 52% | -1.7% to +4.6% | 0.0% |
| below | Day +5 | 60 | +0.1% | -8.8% to +8.6% | 50% | -3.0% to +5.8% | 0.0% |
| below | Day +10 | 60 | -2.7% | -12.0% to +12.8% | 42% | -4.9% to +0.5% | 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/BTBT.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/BTBT.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/BTBT.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).