# MCHP: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 81.32 |
| Delta neutral (USD/share) | 67.86 |
| Gamma neutral (USD/share) | 60.37 |
| Gamma max (USD/share) | 72.24 |
| Open interest (contracts) | 479,632 |
| Nearest-expiration max pain (USD/share) | 76.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 72.50 |
| Net gamma exposure | 34,459,777 |
| Confirmed GEX flip (USD/share) | 60.37 |
| Call wall (USD/share) | 72.50 |
| Put wall (USD/share) | 72.50 |
| Put/call open-interest ratio | 0.50 |
| Options catalyst-intensity score (0–100) | 42.3 |
| Options directional score (-100 to +100) | -8.9 |
| IV rank | 100.0 |
| Front ATM IV | +45.2% |
| Front-minus-back IV | -10.8 pp |
| Front expected move | +6.3% |
| Front ATM straddle / spot | +4.8% |
| Front 25-delta risk reversal | 6.2 pp |
| Call OI change, 1 session | -7,218 contracts · -2.2% |
| Put OI change, 1 session | -3,726 contracts · -2.3% |
| Call minus put OI growth, 1 session | +0.1 pp |
| Call OI change, 5 sessions | +1,810 contracts · +0.6% |
| Put OI change, 5 sessions | +4,803 contracts · +3.1% |
| Call minus put OI growth, 5 sessions | -2.5 pp |
| Daily call OI change surprise | -0.55σ (252 prior changes) |
| Daily put OI change surprise | -0.65σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.02σ (252 prior changes) |
| Daily open interest change (contracts) | -10,944 |
| Daily open interest change z-score (prior 252) | -0.64σ (252 prior changes) |
| Gamma max distance from close | -11.2% |
| Delta neutral distance from close | -16.5% |
| Prior-year sessions closer to gamma max | 81.3% of 252 |
| Prior-year sessions closer to delta neutral | 64.7% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 31 | +0.1% | -1.2% to +1.8% | 52% | -0.6% to +1.3% | 0.0% |
| above | Day +3 | 31 | +1.6% | -2.7% to +4.3% | 58% | -0.8% to +3.4% | 0.0% |
| above | Day +5 | 31 | -0.2% | -3.0% to +3.2% | 48% | -2.5% to +2.1% | 0.0% |
| above | Day +10 | 31 | +0.9% | -3.7% to +2.8% | 55% | -2.6% to +2.4% | 0.0% |
| below | Day +1 | 30 | +0.3% | -1.2% to +2.8% | 53% | -0.8% to +1.7% | 0.0% |
| below | Day +3 | 30 | +0.6% | -2.3% to +3.0% | 57% | -1.7% to +2.3% | 0.0% |
| below | Day +5 | 30 | +0.3% | -2.7% to +2.6% | 53% | -1.9% to +2.1% | 0.0% |
| below | Day +10 | 30 | -0.9% | -5.2% to +3.5% | 43% | -3.3% to +2.1% | 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/MCHP.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/MCHP.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/MCHP.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).