# MCD: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 231.89 |
| Delta neutral (USD/share) | 239.65 |
| Gamma neutral (USD/share) | 232.10 |
| Gamma max (USD/share) | 266.56 |
| Open interest (contracts) | 413,912 |
| Nearest-expiration max pain (USD/share) | 235.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 250.00 |
| Net gamma exposure | -374,185 |
| Confirmed GEX flip (USD/share) | 232.10 |
| Call wall (USD/share) | 250.00 |
| Put wall (USD/share) | 230.00 |
| Put/call open-interest ratio | 0.51 |
| Options catalyst-intensity score (0–100) | 55.3 |
| Options directional score (-100 to +100) | 14.7 |
| IV rank | 85.6 |
| Front ATM IV | +22.0% |
| Front-minus-back IV | -1.7 pp |
| Front expected move | +3.0% |
| Front ATM straddle / spot | +2.1% |
| Front 25-delta risk reversal | -2.9 pp |
| Call OI change, 1 session | -14,265 contracts · -5.0% |
| Put OI change, 1 session | -3,163 contracts · -2.2% |
| Call minus put OI growth, 1 session | -2.7 pp |
| Call OI change, 5 sessions | +24,811 contracts · +10.0% |
| Put OI change, 5 sessions | +9,059 contracts · +6.9% |
| Call minus put OI growth, 5 sessions | +3.1 pp |
| Daily call OI change surprise | -1.74σ (252 prior changes) |
| Daily put OI change surprise | -0.54σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.17σ (252 prior changes) |
| Daily open interest change (contracts) | -17,428 |
| Daily open interest change z-score (prior 252) | -1.28σ (252 prior changes) |
| Gamma max distance from close | +15.0% |
| Delta neutral distance from close | +3.3% |
| Prior-year sessions closer to gamma max | 96.4% of 252 |
| Prior-year sessions closer to delta neutral | 75.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 8 | +0.2% | -0.6% to +0.5% | 50% | -0.7% to +0.6% | 0.0% |
| above | Day +3 | 8 | +0.2% | -0.2% to +0.6% | 50% | -0.3% to +0.7% | 0.0% |
| above | Day +5 | 8 | -0.6% | -1.4% to +0.1% | 25% | -1.5% to +0.4% | 0.0% |
| above | Day +10 | 8 | +0.0% | -2.7% to +1.4% | 63% | -5.9% to +1.7% | 0.0% |
| below | Day +1 | 8 | -0.2% | -0.5% to +0.3% | 50% | -0.5% to +0.6% | 0.0% |
| below | Day +3 | 8 | +0.0% | -0.4% to +0.7% | 50% | -0.6% to +0.7% | 0.0% |
| below | Day +5 | 8 | -0.1% | -2.3% to +0.8% | 38% | -4.6% to +1.2% | 0.0% |
| below | Day +10 | 8 | +0.9% | -2.5% to +2.0% | 63% | -6.7% to +2.6% | 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/MCD.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/MCD.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/MCD.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).