# HL: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 17.20 |
| Delta neutral (USD/share) | 16.78 |
| Gamma neutral (USD/share) | 16.65 |
| Gamma max (USD/share) | 20.92 |
| Open interest (contracts) | 777,489 |
| Nearest-expiration max pain (USD/share) | 18.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 15.00 |
| Net gamma exposure | 3,417,362 |
| Confirmed GEX flip (USD/share) | 16.65 |
| Call wall (USD/share) | 20.00 |
| Put wall (USD/share) | 10.00 |
| Put/call open-interest ratio | 1.02 |
| Options catalyst-intensity score (0–100) | 46.9 |
| Options directional score (-100 to +100) | -26.0 |
| IV rank | 50.5 |
| Front ATM IV | +54.0% |
| Front-minus-back IV | -5.6 pp |
| Front expected move | +7.5% |
| Front ATM straddle / spot | +5.5% |
| Front 25-delta risk reversal | 3.0 pp |
| Call OI change, 1 session | -4,446 contracts · -1.1% |
| Put OI change, 1 session | -3,267 contracts · -0.8% |
| Call minus put OI growth, 1 session | -0.3 pp |
| Call OI change, 5 sessions | +9,462 contracts · +2.5% |
| Put OI change, 5 sessions | +6,430 contracts · +1.7% |
| Call minus put OI growth, 5 sessions | +0.9 pp |
| Daily call OI change surprise | -0.19σ (252 prior changes) |
| Daily put OI change surprise | -0.35σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.03σ (252 prior changes) |
| Daily open interest change (contracts) | -7,713 |
| Daily open interest change z-score (prior 252) | -0.25σ (252 prior changes) |
| Gamma max distance from close | +21.6% |
| Delta neutral distance from close | -2.5% |
| Prior-year sessions closer to gamma max | 78.6% of 252 |
| Prior-year sessions closer to delta neutral | 2.8% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 61 | -0.4% | -2.3% to +2.2% | 41% | -1.6% to +0.5% | 0.0% |
| above | Day +3 | 61 | +0.8% | -4.7% to +4.7% | 51% | -1.7% to +1.8% | 0.0% |
| above | Day +5 | 61 | +0.4% | -4.1% to +7.3% | 52% | -1.5% to +3.7% | 0.0% |
| above | Day +10 | 61 | -0.4% | -7.1% to +7.1% | 49% | -2.8% to +4.4% | 0.0% |
| below | Day +1 | 57 | -0.5% | -1.8% to +1.4% | 47% | -1.3% to +0.6% | 0.0% |
| below | Day +3 | 57 | -0.1% | -3.2% to +3.8% | 49% | -2.2% to +2.5% | 0.0% |
| below | Day +5 | 57 | -0.5% | -4.0% to +4.1% | 42% | -1.8% to +1.4% | 0.0% |
| below | Day +10 | 57 | -2.8% | -7.2% to +2.2% | 42% | -4.7% 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/HL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/HL.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/HL.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).