# NET: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 348.79 |
| Delta neutral (USD/share) | 283.66 |
| Gamma neutral (USD/share) | 286.67 |
| Gamma max (USD/share) | 379.88 |
| Open interest (contracts) | 185,346 |
| Nearest-expiration max pain (USD/share) | 320.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 270.00 |
| Net gamma exposure | 5,260,795 |
| Confirmed GEX flip (USD/share) | 286.67 |
| Call wall (USD/share) | 380.00 |
| Put wall (USD/share) | 340.00 |
| Put/call open-interest ratio | 0.73 |
| Options catalyst-intensity score (0–100) | 37.6 |
| Options directional score (-100 to +100) | -4.2 |
| IV rank | 65.7 |
| Front ATM IV | +55.1% |
| Front-minus-back IV | -12.4 pp |
| Front expected move | +7.6% |
| Front ATM straddle / spot | +5.5% |
| Front 25-delta risk reversal | -0.3 pp |
| Call OI change, 1 session | -10,145 contracts · -8.7% |
| Put OI change, 1 session | -6,987 contracts · -8.2% |
| Call minus put OI growth, 1 session | -0.5 pp |
| Call OI change, 5 sessions | +1,570 contracts · +1.5% |
| Put OI change, 5 sessions | +1,063 contracts · +1.4% |
| Call minus put OI growth, 5 sessions | +0.1 pp |
| Daily call OI change surprise | -1.17σ (252 prior changes) |
| Daily put OI change surprise | -1.00σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.13σ (252 prior changes) |
| Daily open interest change (contracts) | -17,132 |
| Daily open interest change z-score (prior 252) | -1.12σ (252 prior changes) |
| Gamma max distance from close | +8.9% |
| Delta neutral distance from close | -18.7% |
| Prior-year sessions closer to gamma max | 44.4% of 252 |
| Prior-year sessions closer to delta neutral | 92.9% 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 | +0.7% | -0.9% to +1.8% | 63% | -0.2% to +1.7% | 0.0% |
| above | Day +3 | 19 | -0.1% | -2.8% to +3.3% | 47% | -2.3% to +2.8% | 0.0% |
| above | Day +5 | 19 | +2.7% | -6.2% to +4.4% | 63% | -4.2% to +4.0% | 0.0% |
| above | Day +10 | 19 | +1.3% | -9.7% to +8.1% | 53% | -8.2% to +7.9% | 0.0% |
| below | Day +1 | 19 | -0.3% | -2.6% to +1.1% | 47% | -2.5% to +0.7% | 0.0% |
| below | Day +3 | 19 | +0.3% | -3.5% to +1.9% | 53% | -2.3% to +1.7% | 0.0% |
| below | Day +5 | 19 | +1.1% | -3.0% to +5.1% | 58% | -2.9% to +4.4% | 0.0% |
| below | Day +10 | 19 | -1.7% | -11.6% to +8.4% | 42% | -10.7% to +8.3% | 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/NET.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/NET.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/NET.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).