# GXO: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/GXO
Data through: 2026-11-13 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 54.63 |
| Delta neutral (USD/share) | 47.38 |
| Gamma neutral (USD/share) | 44.50 |
| Gamma max (USD/share) | 57.15 |
| Open interest (contracts) | 107,581 |
| Nearest-expiration max pain (USD/share) | 45.00 (2026-11-20) |
| All-expiration max pain (USD/share) | 45.00 |
| Net gamma exposure | 19,405,829 |
| Confirmed GEX flip (USD/share) | 44.50 |
| Call wall (USD/share) | 57.50 |
| Put wall (USD/share) | 45.00 |
| Put/call open-interest ratio | 0.42 |
| Net GEX sign history | positive for the last 60 sessions; negative on 62 of the past 252 |
| Max pain expiration record (past 252 sessions) | expiration close nearer the prior-session max pain on 0 of 12 expirations (0%); median distance 6.01% vs 1.39% for an unchanged prior close |
| Options catalyst-intensity score (0–100) | 54.0 |
| Options directional score (-100 to +100) | 2.4 |
| IV rank | 6.9 |
| Front-minus-back IV | 18.1 pp |
| Front 25-delta risk reversal | 5.0 pp |
| Call OI change, 1 session | +9,142 contracts · +13.7% |
| Put OI change, 1 session | +1,853 contracts · +6.2% |
| Call minus put OI growth, 1 session | +7.5 pp |
| Call OI change, 5 sessions | +10,256 contracts · +15.6% |
| Put OI change, 5 sessions | +2,883 contracts · +10.0% |
| Call minus put OI growth, 5 sessions | +5.6 pp |
| Daily call OI change surprise | +2.09σ (252 prior changes) |
| Daily put OI change surprise | +0.52σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.25σ (251 prior changes) |
| Daily open interest change (contracts) | 10,995 |
| Daily open interest change z-score (prior 252) | +1.61σ (252 prior changes) |
| Gamma max distance from close | +4.6% |
| Delta neutral distance from close | -13.3% |
| Prior-year sessions closer to gamma max | 21.8% of 252 |
| Prior-year sessions closer to delta neutral | 74.6% of 252 |

## Recent expirations vs max pain

| Expiration | Max pain (session before) | Prior close | Expiration close | Close vs max pain | Nearer |
| --- | ---: | ---: | ---: | ---: | --- |
| 2026-10-16 | 45.00 | 46.55 | 47.18 | +4.68% | Prior close |
| 2026-09-18 | 42.50 | 46.58 | 45.92 | +7.34% | Prior close |
| 2026-08-21 | 47.50 | 45.37 | 45.72 | -3.92% | Prior close |
| 2026-07-17 | 50.00 | 54.55 | 54.05 | +7.42% | Prior close |
| 2026-06-18 | 47.50 | 48.13 | 48.67 | +2.43% | Prior close |
| 2026-05-15 | 50.00 | 49.92 | 48.18 | -3.65% | Prior close |
| 2026-04-17 | 50.00 | 57.07 | 58.79 | +15.40% | Prior close |
| 2026-03-20 | 57.50 | 51.27 | 49.93 | -14.76% | Prior close |
| 2026-02-20 | 57.50 | 64.60 | 65.59 | +12.52% | Prior close |
| 2026-01-16 | 55.00 | 57.14 | 56.54 | +2.70% | Prior close |

Each expiration compares the last session before it, when it was the nearest expiration, with the expiration-session close; distances are percentages of that prior close. Underlying closes are not option settlement values. Descriptive history, not a forecast.

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 29 | -0.2% | -1.5% to +1.3% | 41% | -1.4% to +0.8% | 0.0% |
| above | Day +3 | 29 | -0.2% | -2.5% to +3.6% | 45% | -2.1% to +2.0% | 0.0% |
| above | Day +5 | 29 | +0.9% | -4.2% to +4.3% | 55% | -2.6% to +2.5% | 0.0% |
| above | Day +10 | 28 | -0.3% | -5.8% to +2.3% | 46% | -3.1% to +1.4% | 0.0% |
| below | Day +1 | 26 | -0.2% | -1.6% to +0.8% | 38% | -0.8% to +0.1% | 0.0% |
| below | Day +3 | 26 | -0.5% | -4.6% to +0.7% | 31% | -3.4% to -0.3% | -0.3% |
| below | Day +5 | 26 | -0.6% | -4.2% to +1.2% | 38% | -2.8% to +0.4% | 0.0% |
| below | Day +10 | 25 | -1.7% | -4.5% to +1.7% | 28% | -4.4% to -0.4% | -0.4% |

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/GXO.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/GXO.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/GXO.json?date=2026-11-13&public_schema=5)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; the 60-session close-versus-max-pain chart, full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).