# ET: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 20.47 |
| Delta neutral (USD/share) | 18.03 |
| Gamma neutral (USD/share) | 15.39 |
| Gamma max (USD/share) | 21.47 |
| Open interest (contracts) | 1,013,844 |
| Nearest-expiration max pain (USD/share) | 20.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 17.00 |
| Net gamma exposure | 153,729,157 |
| Confirmed GEX flip (USD/share) | 15.39 |
| Call wall (USD/share) | 20.00 |
| Put wall (USD/share) | 20.00 |
| Put/call open-interest ratio | 0.19 |
| Options catalyst-intensity score (0–100) | 45.4 |
| Options directional score (-100 to +100) | 38.6 |
| IV rank | 33.0 |
| Front ATM IV | +21.7% |
| Front-minus-back IV | -0.2 pp |
| Front expected move | +3.0% |
| Front ATM straddle / spot | +2.0% |
| Front 25-delta risk reversal | -18.6 pp |
| Call OI change, 1 session | -6,498 contracts · -0.8% |
| Put OI change, 1 session | -914 contracts · -0.6% |
| Call minus put OI growth, 1 session | -0.2 pp |
| Call OI change, 5 sessions | +10,742 contracts · +1.3% |
| Put OI change, 5 sessions | +6,900 contracts · +4.5% |
| Call minus put OI growth, 5 sessions | -3.2 pp |
| Daily call OI change surprise | -0.26σ (252 prior changes) |
| Daily put OI change surprise | -0.08σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.12σ (252 prior changes) |
| Daily open interest change (contracts) | -7,412 |
| Daily open interest change z-score (prior 252) | -0.22σ (252 prior changes) |
| Gamma max distance from close | +4.9% |
| Delta neutral distance from close | -11.9% |
| Prior-year sessions closer to gamma max | 62.3% of 252 |
| Prior-year sessions closer to delta neutral | 42.9% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 41 | +0.0% | -0.7% to +0.9% | 51% | -0.4% to +0.6% | 0.0% |
| above | Day +3 | 41 | +0.1% | -1.0% to +0.9% | 51% | -0.8% to +0.4% | 0.0% |
| above | Day +5 | 41 | -0.3% | -2.7% to +0.9% | 44% | -1.8% to +0.5% | 0.0% |
| above | Day +10 | 41 | -0.5% | -2.7% to +1.4% | 46% | -1.5% to +0.8% | 0.0% |
| below | Day +1 | 41 | -0.3% | -1.5% to +0.5% | 34% | -0.8% to 0.0% | 0.0% |
| below | Day +3 | 41 | -0.3% | -1.2% to +1.4% | 44% | -0.6% to +0.4% | 0.0% |
| below | Day +5 | 41 | -0.6% | -2.8% to +0.9% | 39% | -1.9% to +0.3% | 0.0% |
| below | Day +10 | 41 | +0.3% | -2.7% to +2.0% | 54% | -1.2% to +1.1% | 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/ET.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/ET.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/ET.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).