# HYG: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 76.91 |
| Delta neutral (USD/share) | 79.24 |
| Gamma neutral (USD/share) | 79.63 |
| Gamma max (USD/share) | 81.42 |
| Open interest (contracts) | 9,478,558 |
| Nearest-expiration max pain (USD/share) | 77.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 79.00 |
| Net gamma exposure | -5,006,208,609 |
| Confirmed GEX flip (USD/share) | 79.63 |
| Call wall (USD/share) | 79.00 |
| Put wall (USD/share) | 77.00 |
| Put/call open-interest ratio | 2.91 |
| Options catalyst-intensity score (0–100) | 50.4 |
| Options directional score (-100 to +100) | -35.7 |
| IV rank | 18.8 |
| Front ATM IV | +10.0% |
| Front-minus-back IV | 1.3 pp |
| Front expected move | +1.4% |
| Front ATM straddle / spot | +0.6% |
| Front 25-delta risk reversal | 2.6 pp |
| Call OI change, 1 session | +130,192 contracts · +5.7% |
| Put OI change, 1 session | -231,031 contracts · -3.2% |
| Call minus put OI growth, 1 session | +8.8 pp |
| Call OI change, 5 sessions | +450,646 contracts · +22.8% |
| Put OI change, 5 sessions | +523,856 contracts · +8.0% |
| Call minus put OI growth, 5 sessions | +14.8 pp |
| Daily call OI change surprise | +1.09σ (252 prior changes) |
| Daily put OI change surprise | -0.44σ (252 prior changes) |
| Daily call-minus-put growth surprise | +2.43σ (252 prior changes) |
| Daily open interest change (contracts) | -100,839 |
| Daily open interest change z-score (prior 252) | -0.17σ (252 prior changes) |
| Gamma max distance from close | +5.9% |
| Delta neutral distance from close | +3.0% |
| Prior-year sessions closer to gamma max | 83.3% of 252 |
| Prior-year sessions closer to delta neutral | 95.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 2 | +0.1% | +0.0% to +0.1% | 50% | — | – |
| above | Day +3 | 2 | -0.2% | -0.2% to -0.2% | 0% | — | – |
| above | Day +5 | 2 | +0.2% | +0.2% to +0.2% | 100% | — | – |
| above | Day +10 | 2 | -0.4% | -0.5% to -0.2% | 0% | — | – |
| below | Day +1 | 1 | -0.2% | -0.2% to -0.2% | 0% | — | – |
| below | Day +3 | 1 | -0.1% | -0.1% to -0.1% | 0% | — | – |
| below | Day +5 | 1 | +0.0% | +0.0% to +0.0% | 100% | — | – |
| below | Day +10 | 1 | -1.2% | -1.2% to -1.2% | 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/HYG.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/HYG.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/HYG.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).