# MSTR: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 160.01 |
| Delta neutral (USD/share) | 140.30 |
| Gamma neutral (USD/share) | 140.18 |
| Gamma max (USD/share) | 176.91 |
| Open interest (contracts) | 2,268,311 |
| Nearest-expiration max pain (USD/share) | 150.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 136.00 |
| Net gamma exposure | 34,106,998 |
| Confirmed GEX flip (USD/share) | 140.18 |
| Call wall (USD/share) | 160.00 |
| Put wall (USD/share) | 160.00 |
| Put/call open-interest ratio | 0.79 |
| Options catalyst-intensity score (0–100) | 47.6 |
| Options directional score (-100 to +100) | 3.8 |
| IV rank | 12.4 |
| Front ATM IV | +61.7% |
| Front-minus-back IV | -4.0 pp |
| Front expected move | +8.6% |
| Front ATM straddle / spot | +6.3% |
| Front 25-delta risk reversal | -3.8 pp |
| Call OI change, 1 session | -223,012 contracts · -15.0% |
| Put OI change, 1 session | -156,132 contracts · -13.5% |
| Call minus put OI growth, 1 session | -1.4 pp |
| Call OI change, 5 sessions | +3,277 contracts · +0.3% |
| Put OI change, 5 sessions | -30,765 contracts · -3.0% |
| Call minus put OI growth, 5 sessions | +3.2 pp |
| Daily call OI change surprise | -1.68σ (252 prior changes) |
| Daily put OI change surprise | -1.77σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.46σ (252 prior changes) |
| Daily open interest change (contracts) | -379,144 |
| Daily open interest change z-score (prior 252) | -1.74σ (252 prior changes) |
| Gamma max distance from close | +10.6% |
| Delta neutral distance from close | -12.3% |
| Prior-year sessions closer to gamma max | 59.9% of 252 |
| Prior-year sessions closer to delta neutral | 86.1% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 34 | +0.1% | -4.1% to +3.7% | 50% | -1.7% to +3.2% | 0.0% |
| above | Day +3 | 34 | -1.9% | -5.5% to +5.3% | 38% | -4.3% to +1.7% | 0.0% |
| above | Day +5 | 34 | -0.9% | -7.3% to +8.3% | 47% | -5.6% to +5.4% | 0.0% |
| above | Day +10 | 34 | +4.1% | -7.0% to +14.2% | 56% | -4.0% to +10.5% | 0.0% |
| below | Day +1 | 34 | -0.0% | -3.3% to +6.0% | 50% | -2.6% to +3.1% | 0.0% |
| below | Day +3 | 34 | -1.3% | -4.3% to +5.2% | 44% | -3.9% to +2.5% | 0.0% |
| below | Day +5 | 34 | -1.6% | -4.8% to +6.7% | 38% | -4.1% to +1.1% | 0.0% |
| below | Day +10 | 33 | +4.8% | -9.4% to +18.0% | 61% | -1.6% to +13.3% | 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/MSTR.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/MSTR.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/MSTR.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).