# DBA: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 28.21 |
| Delta neutral (USD/share) | 24.09 |
| Gamma neutral (USD/share) | 28.21 |
| Gamma max (USD/share) | 29.43 |
| Open interest (contracts) | 137,224 |
| Nearest-expiration max pain (USD/share) | 25.00 (2026-10-16) |
| All-expiration max pain (USD/share) | 26.00 |
| Net gamma exposure | 32,973,746 |
| Call wall (USD/share) | 30.00 |
| Put wall (USD/share) | 28.00 |
| Put/call open-interest ratio | 0.05 |
| Options catalyst-intensity score (0–100) | 43.4 |
| Options directional score (-100 to +100) | 12.8 |
| IV rank | 26.6 |
| Front ATM IV | +21.3% |
| Front-minus-back IV | -1.3 pp |
| Front expected move | +4.2% |
| Front ATM straddle / spot | +3.2% |
| Front 25-delta risk reversal | 2.6 pp |
| Call OI change, 1 session | -934 contracts · -0.7% |
| Put OI change, 1 session | +43 contracts · +0.7% |
| Call minus put OI growth, 1 session | -1.4 pp |
| Call OI change, 5 sessions | -1,295 contracts · -1.0% |
| Put OI change, 5 sessions | +201 contracts · +3.3% |
| Call minus put OI growth, 5 sessions | -4.2 pp |
| Daily call OI change surprise | -0.36σ (252 prior changes) |
| Daily put OI change surprise | +0.08σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.15σ (207 prior changes) |
| Daily open interest change (contracts) | -891 |
| Daily open interest change z-score (prior 252) | -0.33σ (252 prior changes) |
| Gamma max distance from close | +4.3% |
| Delta neutral distance from close | -14.6% |
| Prior-year sessions closer to gamma max | 59.5% of 252 |
| Prior-year sessions closer to delta neutral | 48.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 66 | +0.1% | -0.5% to +0.8% | 53% | -0.2% to +0.4% | 0.0% |
| above | Day +3 | 66 | +0.3% | -0.6% to +1.3% | 61% | -0.0% to +0.6% | 0.0% |
| above | Day +5 | 66 | +0.7% | -0.5% to +1.5% | 64% | +0.3% to +1.0% | +0.3% |
| above | Day +10 | 66 | +0.7% | -1.2% to +2.6% | 59% | -0.5% to +1.6% | 0.0% |
| below | Day +1 | 67 | +0.1% | -0.3% to +0.6% | 57% | -0.1% to +0.3% | 0.0% |
| below | Day +3 | 67 | +0.3% | -0.4% to +1.2% | 64% | +0.1% to +0.8% | +0.1% |
| below | Day +5 | 67 | +0.5% | -0.7% to +1.9% | 58% | -0.1% to +1.2% | 0.0% |
| below | Day +10 | 67 | +0.6% | -1.9% to +2.5% | 54% | -0.8% to +1.4% | 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/DBA.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/DBA.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/DBA.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).