# DRAM: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 61.78 |
| Delta neutral (USD/share) | 52.90 |
| Gamma neutral (USD/share) | 55.04 |
| Gamma max (USD/share) | 66.44 |
| Open interest (contracts) | 2,245,243 |
| Nearest-expiration max pain (USD/share) | 61.00 (2026-10-05) |
| All-expiration max pain (USD/share) | 55.00 |
| Net gamma exposure | 91,288,891 |
| Confirmed GEX flip (USD/share) | 55.04 |
| Call wall (USD/share) | 70.00 |
| Put wall (USD/share) | 55.00 |
| Put/call open-interest ratio | 0.53 |
| Options catalyst-intensity score (0–100) | 40.9 |
| Options directional score (-100 to +100) | -4.8 |
| IV rank | 12.7 |
| Front ATM IV | +42.1% |
| Front-minus-back IV | -12.2 pp |
| Front expected move | +3.8% |
| Front ATM straddle / spot | +2.2% |
| Front 25-delta risk reversal | 1.5 pp |
| Call OI change, 1 session | -30,842 contracts · -2.1% |
| Put OI change, 1 session | -55,366 contracts · -6.6% |
| Call minus put OI growth, 1 session | +4.5 pp |
| Call OI change, 5 sessions | +58,694 contracts · +4.2% |
| Put OI change, 5 sessions | +16,116 contracts · +2.1% |
| Call minus put OI growth, 5 sessions | +2.1 pp |
| Daily call OI change surprise | — (122 prior changes) |
| Daily put OI change surprise | — (122 prior changes) |
| Daily call-minus-put growth surprise | — (121 prior changes) |
| Daily open interest change (contracts) | -86,208 |
| Daily open interest change z-score (prior 252) | — |
| Gamma max distance from close | +7.5% |
| Delta neutral distance from close | -14.4% |
| Prior-year sessions closer to gamma max | 35.8% of 123 |
| Prior-year sessions closer to delta neutral | 48.8% of 123 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 4 | +2.4% | -0.3% to +5.2% | 75% | — | – |
| above | Day +3 | 4 | +3.9% | +2.6% to +6.0% | 100% | — | – |
| above | Day +5 | 4 | -1.2% | -5.3% to +4.4% | 50% | — | – |
| above | Day +10 | 4 | +1.3% | -0.4% to +3.6% | 50% | — | – |
| below | Day +1 | 3 | +2.0% | +1.1% to +2.5% | 100% | — | – |
| below | Day +3 | 3 | +1.8% | -8.9% to +6.9% | 67% | — | – |
| below | Day +5 | 3 | +8.5% | -2.9% to +11.6% | 67% | — | – |
| below | Day +10 | 3 | -2.2% | -3.6% to +4.4% | 33% | — | – |

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