# DB: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/DB
Data through: 2026-11-13 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 36.62 |
| Delta neutral (USD/share) | 32.99 |
| Gamma neutral (USD/share) | 30.36 |
| Gamma max (USD/share) | 36.91 |
| Open interest (contracts) | 101,574 |
| Nearest-expiration max pain (USD/share) | 33.00 (2026-11-20) |
| All-expiration max pain (USD/share) | 34.00 |
| Net gamma exposure | 9,321,091 |
| Confirmed GEX flip (USD/share) | 30.36 |
| Call wall (USD/share) | 40.00 |
| Put wall (USD/share) | 35.00 |
| Put/call open-interest ratio | 0.64 |
| Net GEX sign history | positive for the last 85 sessions; negative on 64 of the past 252 |
| Max pain expiration record (past 252 sessions) | expiration close nearer the prior-session max pain on 4 of 12 expirations (33%); median distance 4.75% vs 2.12% for an unchanged prior close |
| Options catalyst-intensity score (0–100) | 42.6 |
| Options directional score (-100 to +100) | -13.0 |
| IV rank | 4.9 |
| Front-minus-back IV | 5.1 pp |
| Front 25-delta risk reversal | 7.2 pp |
| Call OI change, 1 session | +17 contracts · +0.0% |
| Put OI change, 1 session | +799 contracts · +2.1% |
| Call minus put OI growth, 1 session | -2.0 pp |
| Call OI change, 5 sessions | +2,887 contracts · +4.9% |
| Put OI change, 5 sessions | +1,995 contracts · +5.3% |
| Call minus put OI growth, 5 sessions | -0.4 pp |
| Daily call OI change surprise | -0.02σ (252 prior changes) |
| Daily put OI change surprise | +0.28σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.59σ (252 prior changes) |
| Daily open interest change (contracts) | 816 |
| Daily open interest change z-score (prior 252) | +0.16σ (252 prior changes) |
| Gamma max distance from close | +0.8% |
| Delta neutral distance from close | -9.9% |
| Prior-year sessions closer to gamma max | 4.0% of 252 |
| Prior-year sessions closer to delta neutral | 73.8% of 252 |

## Recent expirations vs max pain

| Expiration | Max pain (session before) | Prior close | Expiration close | Close vs max pain | Nearer |
| --- | ---: | ---: | ---: | ---: | --- |
| 2026-10-16 | 34.00 | 32.86 | 32.57 | -4.35% | Prior close |
| 2026-09-18 | 37.00 | 39.05 | 37.98 | +2.51% | Max pain |
| 2026-08-21 | 35.00 | 37.56 | 37.82 | +7.51% | Prior close |
| 2026-07-17 | 35.00 | 36.06 | 35.20 | +0.55% | Max pain |
| 2026-06-18 | 32.00 | 35.05 | 35.27 | +9.33% | Prior close |
| 2026-05-15 | 31.00 | 31.72 | 30.95 | -0.14% | Max pain |
| 2026-04-17 | 32.00 | 32.81 | 33.69 | +5.15% | Prior close |
| 2026-03-20 | 35.00 | 29.40 | 28.47 | -22.21% | Prior close |
| 2026-02-20 | 37.00 | 35.80 | 36.72 | -0.78% | Max pain |
| 2026-01-16 | 32.00 | 38.87 | 38.88 | +17.70% | Prior close |

Each expiration compares the last session before it, when it was the nearest expiration, with the expiration-session close; distances are percentages of that prior close. Underlying closes are not option settlement values. Descriptive history, not a forecast.

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 43 | +0.1% | -0.7% to +1.7% | 56% | -0.4% to +0.7% | 0.0% |
| above | Day +3 | 43 | +0.6% | -0.7% to +3.6% | 65% | +0.1% to +1.4% | +0.1% |
| above | Day +5 | 43 | +1.5% | -1.0% to +4.5% | 67% | +0.1% to +3.3% | +0.1% |
| above | Day +10 | 42 | +3.5% | -1.6% to +7.2% | 67% | +0.8% to +5.6% | +0.8% |
| below | Day +1 | 42 | +0.1% | -1.2% to +1.4% | 52% | -0.9% to +0.7% | 0.0% |
| below | Day +3 | 42 | +1.1% | -1.7% to +3.6% | 62% | 0.0% to +1.9% | 0.0% |
| below | Day +5 | 42 | +1.3% | -3.1% to +3.5% | 62% | -0.7% to +2.5% | 0.0% |
| below | Day +10 | 41 | -0.9% | -5.3% to +7.4% | 46% | -3.4% to +5.8% | 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/DB.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/DB.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/DB.json?date=2026-11-13&public_schema=5)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; the 60-session close-versus-max-pain chart, full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).