# EL: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 91.97 |
| Delta neutral (USD/share) | 81.17 |
| Gamma neutral (USD/share) | 72.29 |
| Gamma max (USD/share) | 101.09 |
| Open interest (contracts) | 185,125 |
| Nearest-expiration max pain (USD/share) | 93.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 85.00 |
| Net gamma exposure | 8,143,607 |
| Confirmed GEX flip (USD/share) | 72.29 |
| Call wall (USD/share) | 105.00 |
| Put wall (USD/share) | 80.00 |
| Put/call open-interest ratio | 0.58 |
| Options catalyst-intensity score (0–100) | 50.2 |
| Options directional score (-100 to +100) | 19.1 |
| IV rank | 83.0 |
| Front ATM IV | +39.0% |
| Front-minus-back IV | -8.2 pp |
| Front expected move | +5.4% |
| Front ATM straddle / spot | +6.2% |
| Front 25-delta risk reversal | -16.3 pp |
| Call OI change, 1 session | +2,722 contracts · +2.4% |
| Put OI change, 1 session | +131 contracts · +0.2% |
| Call minus put OI growth, 1 session | +2.2 pp |
| Call OI change, 5 sessions | +4,113 contracts · +3.6% |
| Put OI change, 5 sessions | +1,515 contracts · +2.3% |
| Call minus put OI growth, 5 sessions | +1.4 pp |
| Daily call OI change surprise | +0.46σ (252 prior changes) |
| Daily put OI change surprise | +0.07σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.56σ (252 prior changes) |
| Daily open interest change (contracts) | 2,853 |
| Daily open interest change z-score (prior 252) | +0.30σ (252 prior changes) |
| Gamma max distance from close | +9.9% |
| Delta neutral distance from close | -11.7% |
| Prior-year sessions closer to gamma max | 30.2% of 252 |
| Prior-year sessions closer to delta neutral | 88.9% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 11 | -1.4% | -2.3% to +0.7% | 36% | -2.7% to +1.3% | 0.0% |
| above | Day +3 | 11 | -1.1% | -2.8% to +0.8% | 27% | -3.1% to +1.6% | 0.0% |
| above | Day +5 | 11 | -0.3% | -2.9% to +1.0% | 45% | -3.6% to +1.7% | 0.0% |
| above | Day +10 | 11 | -1.2% | -5.6% to +3.5% | 45% | -5.8% to +3.9% | 0.0% |
| below | Day +1 | 7 | +1.5% | +0.6% to +2.6% | 71% | -2.1% to +4.3% | 0.0% |
| below | Day +3 | 7 | +1.0% | -2.3% to +2.6% | 57% | -3.1% to +5.6% | 0.0% |
| below | Day +5 | 7 | -0.1% | -1.1% to +2.1% | 43% | -4.0% to +3.6% | 0.0% |
| below | Day +10 | 7 | -3.8% | -4.4% to -2.8% | 14% | -7.1% to +4.1% | 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/EL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/EL.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/EL.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).