# HE: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 8.90 |
| Delta neutral (USD/share) | 10.17 |
| Gamma neutral (USD/share) | 11.12 |
| Gamma max (USD/share) | 15.74 |
| Open interest (contracts) | 115,168 |
| Nearest-expiration max pain (USD/share) | 10.00 (2026-10-16) |
| All-expiration max pain (USD/share) | 10.00 |
| Net gamma exposure | -2,706,967 |
| Confirmed GEX flip (USD/share) | 11.12 |
| Call wall (USD/share) | 10.00 |
| Put wall (USD/share) | 10.00 |
| Put/call open-interest ratio | 0.31 |
| Options catalyst-intensity score (0–100) | 66.5 |
| Options directional score (-100 to +100) | 40.0 |
| IV rank | 100.0 |
| Front ATM IV | – |
| Front-minus-back IV | – pp |
| Front expected move | – |
| Front ATM straddle / spot | – |
| Front 25-delta risk reversal | -234.3 pp |
| Call OI change, 1 session | +199 contracts · +0.2% |
| Put OI change, 1 session | -64 contracts · -0.2% |
| Call minus put OI growth, 1 session | +0.5 pp |
| Call OI change, 5 sessions | +2,178 contracts · +2.5% |
| Put OI change, 5 sessions | -66 contracts · -0.2% |
| Call minus put OI growth, 5 sessions | +2.8 pp |
| Daily call OI change surprise | +0.06σ (252 prior changes) |
| Daily put OI change surprise | -0.03σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.12σ (252 prior changes) |
| Daily open interest change (contracts) | 135 |
| Daily open interest change z-score (prior 252) | +0.02σ (252 prior changes) |
| Gamma max distance from close | +76.9% |
| Delta neutral distance from close | +14.2% |
| Prior-year sessions closer to gamma max | 100.0% of 252 |
| Prior-year sessions closer to delta neutral | 28.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 15 | +0.5% | -2.5% to +1.8% | 67% | -2.5% to +2.1% | 0.0% |
| above | Day +3 | 15 | +0.7% | -1.2% to +2.4% | 53% | -1.5% to +2.7% | 0.0% |
| above | Day +5 | 15 | +0.6% | -2.3% to +6.0% | 53% | -2.5% to +6.1% | 0.0% |
| above | Day +10 | 15 | -1.3% | -2.7% to +5.6% | 40% | -2.8% to +6.1% | 0.0% |
| below | Day +1 | 12 | +1.2% | -0.1% to +3.6% | 67% | -0.4% to +4.5% | 0.0% |
| below | Day +3 | 12 | -0.7% | -1.5% to +2.5% | 42% | -2.1% to +4.6% | 0.0% |
| below | Day +5 | 12 | -2.2% | -3.2% to +2.9% | 42% | -3.3% to +4.1% | 0.0% |
| below | Day +10 | 12 | -1.4% | -3.3% to +3.3% | 42% | -3.3% to +6.9% | 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/HE.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/HE.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/HE.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).