# FEZ: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 67.00 |
| Delta neutral (USD/share) | 68.98 |
| Gamma neutral (USD/share) | 72.98 |
| Gamma max (USD/share) | 76.37 |
| Open interest (contracts) | 154,977 |
| Nearest-expiration max pain (USD/share) | 68.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 68.00 |
| Net gamma exposure | -45,949,560 |
| Confirmed GEX flip (USD/share) | 72.98 |
| Call wall (USD/share) | 66.00 |
| Put wall (USD/share) | 66.00 |
| Put/call open-interest ratio | 2.11 |
| Options catalyst-intensity score (0–100) | 58.0 |
| Options directional score (-100 to +100) | -41.4 |
| IV rank | 91.2 |
| Front ATM IV | +85.7% |
| Front-minus-back IV | 66.2 pp |
| Front expected move | +11.9% |
| Front ATM straddle / spot | +3.1% |
| Front 25-delta risk reversal | 7.8 pp |
| Call OI change, 1 session | -116 contracts · -0.2% |
| Put OI change, 1 session | +2,579 contracts · +2.5% |
| Call minus put OI growth, 1 session | -2.7 pp |
| Call OI change, 5 sessions | +6,580 contracts · +15.2% |
| Put OI change, 5 sessions | +3,987 contracts · +3.9% |
| Call minus put OI growth, 5 sessions | +11.3 pp |
| Daily call OI change surprise | -0.02σ (252 prior changes) |
| Daily put OI change surprise | +0.37σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.16σ (252 prior changes) |
| Daily open interest change (contracts) | 2,463 |
| Daily open interest change z-score (prior 252) | +0.16σ (252 prior changes) |
| Gamma max distance from close | +14.0% |
| Delta neutral distance from close | +3.0% |
| Prior-year sessions closer to gamma max | 90.1% of 252 |
| Prior-year sessions closer to delta neutral | 63.9% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 22 | -0.2% | -0.4% to +0.8% | 45% | -0.3% to +0.7% | 0.0% |
| above | Day +3 | 22 | +0.1% | -0.8% to +0.9% | 55% | -0.8% to +0.7% | 0.0% |
| above | Day +5 | 22 | -0.0% | -1.7% to +0.8% | 50% | -1.1% to +0.6% | 0.0% |
| above | Day +10 | 22 | +0.4% | -1.1% to +1.7% | 55% | -0.9% to +1.5% | 0.0% |
| below | Day +1 | 19 | +0.3% | -0.6% to +0.7% | 58% | -0.6% to +0.7% | 0.0% |
| below | Day +3 | 19 | -0.1% | -0.9% to +0.8% | 47% | -0.7% to +0.7% | 0.0% |
| below | Day +5 | 19 | +0.1% | -0.9% to +0.9% | 53% | -0.8% to +0.7% | 0.0% |
| below | Day +10 | 19 | +0.4% | -1.3% to +2.1% | 58% | -1.1% to +2.1% | 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/FEZ.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/FEZ.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/FEZ.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).