# BTG: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 5.20 |
| Delta neutral (USD/share) | 3.29 |
| Gamma neutral (USD/share) | 1.02 |
| Gamma max (USD/share) | 5.38 |
| Open interest (contracts) | 582,145 |
| Nearest-expiration max pain (USD/share) | 5.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 3.50 |
| Net gamma exposure | 45,650,211 |
| Confirmed GEX flip (USD/share) | 1.02 |
| Call wall (USD/share) | 5.50 |
| Put wall (USD/share) | 5.00 |
| Put/call open-interest ratio | 0.13 |
| Options catalyst-intensity score (0–100) | 52.9 |
| Options directional score (-100 to +100) | 2.4 |
| IV rank | 47.2 |
| Front ATM IV | +59.1% |
| Front-minus-back IV | 6.1 pp |
| Front expected move | +8.2% |
| Front ATM straddle / spot | +8.2% |
| Front 25-delta risk reversal | 16.5 pp |
| Call OI change, 1 session | -1,180 contracts · -0.2% |
| Put OI change, 1 session | -2,981 contracts · -4.3% |
| Call minus put OI growth, 1 session | +4.0 pp |
| Call OI change, 5 sessions | +38,975 contracts · +8.2% |
| Put OI change, 5 sessions | -3,031 contracts · -4.3% |
| Call minus put OI growth, 5 sessions | +12.5 pp |
| Daily call OI change surprise | -0.10σ (252 prior changes) |
| Daily put OI change surprise | -0.27σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.62σ (252 prior changes) |
| Daily open interest change (contracts) | -4,161 |
| Daily open interest change z-score (prior 252) | -0.18σ (252 prior changes) |
| Gamma max distance from close | +3.5% |
| Delta neutral distance from close | -36.7% |
| Prior-year sessions closer to gamma max | 31.7% of 252 |
| Prior-year sessions closer to delta neutral | 50.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 53 | -0.6% | -2.5% to +1.9% | 42% | -1.5% to +0.4% | 0.0% |
| above | Day +3 | 53 | -1.7% | -4.5% to +1.8% | 34% | -2.9% to -0.8% | -0.8% |
| above | Day +5 | 53 | -0.8% | -4.8% to +2.5% | 40% | -2.9% to +0.6% | 0.0% |
| above | Day +10 | 52 | -3.8% | -6.1% to +2.4% | 40% | -5.0% to +0.7% | 0.0% |
| below | Day +1 | 49 | +0.5% | -1.0% to +2.1% | 53% | -0.5% to +1.7% | 0.0% |
| below | Day +3 | 48 | -0.6% | -2.6% to +3.4% | 48% | -1.3% to +2.4% | 0.0% |
| below | Day +5 | 48 | -1.4% | -3.8% to +2.6% | 42% | -2.8% to +0.8% | 0.0% |
| below | Day +10 | 47 | -1.6% | -7.9% to +2.6% | 40% | -4.8% to +0.7% | 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/BTG.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/BTG.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/BTG.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).