# NBIS: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 242.81 |
| Delta neutral (USD/share) | 193.53 |
| Gamma neutral (USD/share) | 209.79 |
| Gamma max (USD/share) | 266.75 |
| Open interest (contracts) | 1,247,303 |
| Nearest-expiration max pain (USD/share) | 222.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 197.50 |
| Net gamma exposure | 22,568,322 |
| Confirmed GEX flip (USD/share) | 209.79 |
| Call wall (USD/share) | 300.00 |
| Put wall (USD/share) | 220.00 |
| Put/call open-interest ratio | 0.93 |
| Options catalyst-intensity score (0–100) | 35.0 |
| Options directional score (-100 to +100) | -9.6 |
| IV rank | 10.3 |
| Front ATM IV | +72.0% |
| Front-minus-back IV | -12.4 pp |
| Front expected move | +10.0% |
| Front ATM straddle / spot | +7.3% |
| Front 25-delta risk reversal | -0.8 pp |
| Call OI change, 1 session | -55,294 contracts · -7.9% |
| Put OI change, 1 session | -22,997 contracts · -3.7% |
| Call minus put OI growth, 1 session | -4.2 pp |
| Call OI change, 5 sessions | +4,792 contracts · +0.7% |
| Put OI change, 5 sessions | +25,530 contracts · +4.4% |
| Call minus put OI growth, 5 sessions | -3.7 pp |
| Daily call OI change surprise | -1.68σ (252 prior changes) |
| Daily put OI change surprise | -0.58σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.08σ (252 prior changes) |
| Daily open interest change (contracts) | -78,291 |
| Daily open interest change z-score (prior 252) | -1.11σ (252 prior changes) |
| Gamma max distance from close | +9.9% |
| Delta neutral distance from close | -20.3% |
| Prior-year sessions closer to gamma max | 23.8% of 252 |
| Prior-year sessions closer to delta neutral | 74.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 19 | +0.2% | -3.8% to +3.8% | 53% | -2.4% to +3.3% | 0.0% |
| above | Day +3 | 19 | +1.3% | -7.6% to +4.8% | 53% | -6.5% to +4.3% | 0.0% |
| above | Day +5 | 19 | +3.4% | -11.4% to +8.2% | 58% | -10.8% to +7.8% | 0.0% |
| above | Day +10 | 19 | -2.2% | -7.5% to +13.9% | 47% | -6.4% to +12.6% | 0.0% |
| below | Day +1 | 19 | +4.2% | -1.5% to +4.9% | 63% | -0.7% to +4.8% | 0.0% |
| below | Day +3 | 19 | +0.6% | -2.6% to +7.4% | 53% | -2.6% to +7.2% | 0.0% |
| below | Day +5 | 19 | +3.0% | -6.5% to +9.2% | 63% | -4.5% to +6.0% | 0.0% |
| below | Day +10 | 19 | -0.7% | -9.1% to +7.6% | 47% | -7.6% to +6.0% | 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/NBIS.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/NBIS.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/NBIS.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).