# HPQ: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 32.12 |
| Delta neutral (USD/share) | 31.41 |
| Gamma neutral (USD/share) | 34.02 |
| Gamma max (USD/share) | 40.02 |
| Open interest (contracts) | 416,697 |
| Nearest-expiration max pain (USD/share) | 32.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 30.00 |
| Net gamma exposure | -5,379,199 |
| Confirmed GEX flip (USD/share) | 34.02 |
| Call wall (USD/share) | 35.00 |
| Put wall (USD/share) | 30.00 |
| Put/call open-interest ratio | 1.13 |
| Options catalyst-intensity score (0–100) | 50.2 |
| Options directional score (-100 to +100) | -6.5 |
| IV rank | 91.4 |
| Front ATM IV | +44.0% |
| Front-minus-back IV | -4.5 pp |
| Front expected move | +6.1% |
| Front ATM straddle / spot | +4.5% |
| Front 25-delta risk reversal | -4.7 pp |
| Call OI change, 1 session | -7,440 contracts · -3.7% |
| Put OI change, 1 session | -11,241 contracts · -4.8% |
| Call minus put OI growth, 1 session | +1.2 pp |
| Call OI change, 5 sessions | +3,044 contracts · +1.6% |
| Put OI change, 5 sessions | -2,952 contracts · -1.3% |
| Call minus put OI growth, 5 sessions | +2.9 pp |
| Daily call OI change surprise | -0.53σ (252 prior changes) |
| Daily put OI change surprise | -0.76σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.23σ (252 prior changes) |
| Daily open interest change (contracts) | -18,681 |
| Daily open interest change z-score (prior 252) | -0.70σ (252 prior changes) |
| Gamma max distance from close | +24.6% |
| Delta neutral distance from close | -2.2% |
| Prior-year sessions closer to gamma max | 76.6% of 252 |
| Prior-year sessions closer to delta neutral | 21.8% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 32 | -0.5% | -1.2% to +0.2% | 28% | -0.9% to -0.2% | -0.2% |
| above | Day +3 | 32 | -0.8% | -3.4% to +0.6% | 31% | -2.1% to -0.0% | -0.0% |
| above | Day +5 | 32 | -0.8% | -3.5% to +1.2% | 41% | -2.6% to +0.6% | 0.0% |
| above | Day +10 | 32 | +0.2% | -2.9% to +3.5% | 53% | -1.7% to +2.6% | 0.0% |
| below | Day +1 | 33 | -0.3% | -1.9% to +0.5% | 36% | -1.2% to +0.3% | 0.0% |
| below | Day +3 | 33 | -0.2% | -2.4% to +1.4% | 39% | -1.2% to +0.6% | 0.0% |
| below | Day +5 | 33 | -0.5% | -2.6% to +2.0% | 45% | -1.5% to +1.1% | 0.0% |
| below | Day +10 | 33 | +0.4% | -1.7% to +4.9% | 58% | -1.1% to +4.0% | 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/HPQ.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/HPQ.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/HPQ.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).