# LBTYA: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 8.92 |
| Delta neutral (USD/share) | 7.59 |
| Gamma neutral (USD/share) | 8.92 |
| Gamma max (USD/share) | 11.45 |
| Open interest (contracts) | 138,797 |
| Nearest-expiration max pain (USD/share) | 10.00 (2026-10-16) |
| All-expiration max pain (USD/share) | 10.00 |
| Net gamma exposure | 2,701,535 |
| Call wall (USD/share) | 10.00 |
| Put wall (USD/share) | 10.00 |
| Put/call open-interest ratio | 0.40 |
| Options catalyst-intensity score (0–100) | 32.9 |
| Options directional score (-100 to +100) | 34.0 |
| IV rank | 38.3 |
| Front ATM IV | – |
| Front-minus-back IV | – pp |
| Front expected move | – |
| Front ATM straddle / spot | – |
| Front 25-delta risk reversal | -157.4 pp |
| Call OI change, 1 session | +164 contracts · +0.2% |
| Put OI change, 1 session | -65 contracts · -0.2% |
| Call minus put OI growth, 1 session | +0.3 pp |
| Call OI change, 5 sessions | +5,341 contracts · +5.7% |
| Put OI change, 5 sessions | -223 contracts · -0.6% |
| Call minus put OI growth, 5 sessions | +6.3 pp |
| Daily call OI change surprise | -0.04σ (252 prior changes) |
| Daily put OI change surprise | -0.05σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.04σ (252 prior changes) |
| Daily open interest change (contracts) | 99 |
| Daily open interest change z-score (prior 252) | -0.05σ (252 prior changes) |
| Gamma max distance from close | +28.3% |
| Delta neutral distance from close | -14.9% |
| Prior-year sessions closer to gamma max | 84.9% of 251 |
| Prior-year sessions closer to delta neutral | 80.9% of 251 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 25 | -1.0% | -1.9% to -0.1% | 24% | -1.8% to -0.3% | -0.3% |
| above | Day +3 | 25 | -1.0% | -3.0% to +2.1% | 40% | -2.8% to +1.8% | 0.0% |
| above | Day +5 | 25 | -1.5% | -3.7% to +2.6% | 40% | -3.4% to +2.2% | 0.0% |
| above | Day +10 | 25 | -1.9% | -6.2% to +2.7% | 36% | -5.4% to +1.3% | 0.0% |
| below | Day +1 | 25 | +0.4% | -0.8% to +1.1% | 60% | -0.6% to +1.1% | 0.0% |
| below | Day +3 | 25 | +0.1% | -2.8% to +1.5% | 52% | -1.5% to +1.5% | 0.0% |
| below | Day +5 | 25 | -0.7% | -1.7% to +2.1% | 44% | -1.2% to +0.7% | 0.0% |
| below | Day +10 | 25 | -1.3% | -6.4% to +1.1% | 44% | -5.7% to +0.9% | 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/LBTYA.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/LBTYA.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/LBTYA.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).