# DELL: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 562.22 |
| Delta neutral (USD/share) | 504.33 |
| Gamma neutral (USD/share) | 524.48 |
| Gamma max (USD/share) | 622.28 |
| Open interest (contracts) | 655,384 |
| Nearest-expiration max pain (USD/share) | 537.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 400.00 |
| Net gamma exposure | 7,951,162 |
| Confirmed GEX flip (USD/share) | 524.48 |
| Call wall (USD/share) | 600.00 |
| Put wall (USD/share) | 500.00 |
| Put/call open-interest ratio | 1.44 |
| Options catalyst-intensity score (0–100) | 48.5 |
| Options directional score (-100 to +100) | -15.7 |
| IV rank | 69.7 |
| Front ATM IV | +56.7% |
| Front-minus-back IV | -3.5 pp |
| Front expected move | +7.8% |
| Front ATM straddle / spot | +5.8% |
| Front 25-delta risk reversal | -1.3 pp |
| Call OI change, 1 session | -28,883 contracts · -9.7% |
| Put OI change, 1 session | -42,879 contracts · -10.0% |
| Call minus put OI growth, 1 session | +0.3 pp |
| Call OI change, 5 sessions | +4,212 contracts · +1.6% |
| Put OI change, 5 sessions | -15,375 contracts · -3.8% |
| Call minus put OI growth, 5 sessions | +5.4 pp |
| Daily call OI change surprise | -1.53σ (248 prior changes) |
| Daily put OI change surprise | -1.94σ (248 prior changes) |
| Daily call-minus-put growth surprise | +0.12σ (248 prior changes) |
| Daily open interest change (contracts) | -71,762 |
| Daily open interest change z-score (prior 252) | -1.80σ (252 prior changes) |
| Gamma max distance from close | +10.7% |
| Delta neutral distance from close | -10.3% |
| Prior-year sessions closer to gamma max | 49.2% of 252 |
| Prior-year sessions closer to delta neutral | 61.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 44 | -0.5% | -1.9% to +1.1% | 36% | -1.6% to 0.0% | 0.0% |
| above | Day +3 | 44 | -1.1% | -3.3% to +1.9% | 43% | -2.2% to +0.5% | 0.0% |
| above | Day +5 | 44 | -0.5% | -3.9% to +2.6% | 45% | -2.8% to +1.3% | 0.0% |
| above | Day +10 | 44 | +0.9% | -3.2% to +5.2% | 55% | -1.4% to +2.7% | 0.0% |
| below | Day +1 | 42 | +0.3% | -1.2% to +2.4% | 57% | -0.2% to +1.5% | 0.0% |
| below | Day +3 | 42 | -0.2% | -1.6% to +3.0% | 48% | -1.1% to +1.2% | 0.0% |
| below | Day +5 | 42 | +1.2% | -3.1% to +6.1% | 60% | -0.8% to +2.8% | 0.0% |
| below | Day +10 | 42 | +2.0% | -1.4% to +7.5% | 64% | +0.1% to +6.3% | +0.1% |

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/DELL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/DELL.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/DELL.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).