# IYR: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 94.77 |
| Delta neutral (USD/share) | 98.66 |
| Gamma neutral (USD/share) | 98.66 |
| Gamma max (USD/share) | 103.13 |
| Open interest (contracts) | 131,749 |
| Nearest-expiration max pain (USD/share) | 97.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 99.00 |
| Net gamma exposure | -15,744,061 |
| Confirmed GEX flip (USD/share) | 98.66 |
| Call wall (USD/share) | 100.00 |
| Put wall (USD/share) | 95.00 |
| Put/call open-interest ratio | 2.03 |
| Options catalyst-intensity score (0–100) | 46.2 |
| Options directional score (-100 to +100) | -37.0 |
| IV rank | 84.4 |
| Front ATM IV | +19.4% |
| Front-minus-back IV | 3.1 pp |
| Front expected move | +2.7% |
| Front ATM straddle / spot | +2.4% |
| Front 25-delta risk reversal | 4.0 pp |
| Call OI change, 1 session | -3,129 contracts · -6.7% |
| Put OI change, 1 session | -1,948 contracts · -2.2% |
| Call minus put OI growth, 1 session | -4.6 pp |
| Call OI change, 5 sessions | +1,850 contracts · +4.4% |
| Put OI change, 5 sessions | +5,453 contracts · +6.6% |
| Call minus put OI growth, 5 sessions | -2.1 pp |
| Daily call OI change surprise | -0.82σ (252 prior changes) |
| Daily put OI change surprise | -0.26σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.58σ (252 prior changes) |
| Daily open interest change (contracts) | -5,077 |
| Daily open interest change z-score (prior 252) | -0.50σ (252 prior changes) |
| Gamma max distance from close | +8.8% |
| Delta neutral distance from close | +4.1% |
| Prior-year sessions closer to gamma max | 89.3% 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 | 16 | +0.3% | -0.3% to +0.9% | 56% | -0.3% to +0.9% | 0.0% |
| above | Day +3 | 16 | +1.0% | -0.3% to +1.4% | 63% | -0.2% to +1.3% | 0.0% |
| above | Day +5 | 16 | +0.3% | -1.0% to +0.9% | 56% | -1.0% to +0.8% | 0.0% |
| above | Day +10 | 16 | +0.1% | -1.4% to +1.5% | 50% | -1.2% to +1.4% | 0.0% |
| below | Day +1 | 16 | +0.1% | -0.2% to +0.5% | 63% | -0.2% to +0.4% | 0.0% |
| below | Day +3 | 16 | +0.1% | -0.8% to +1.2% | 56% | -0.7% to +1.2% | 0.0% |
| below | Day +5 | 16 | -0.1% | -0.9% to +1.3% | 50% | -0.8% to +1.2% | 0.0% |
| below | Day +10 | 16 | -0.6% | -1.9% to +1.6% | 44% | -1.9% to +1.3% | 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/IYR.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/IYR.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/IYR.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).