# NIO: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 3.37 |
| Delta neutral (USD/share) | 3.71 |
| Gamma neutral (USD/share) | 3.44 |
| Gamma max (USD/share) | 5.43 |
| Open interest (contracts) | 2,424,985 |
| Nearest-expiration max pain (USD/share) | 3.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 4.00 |
| Net gamma exposure | -3,440,074 |
| Confirmed GEX flip (USD/share) | 3.44 |
| Call wall (USD/share) | 4.00 |
| Put wall (USD/share) | 4.00 |
| Put/call open-interest ratio | 0.74 |
| Options catalyst-intensity score (0–100) | 63.2 |
| Options directional score (-100 to +100) | -22.8 |
| IV rank | 100.0 |
| Front ATM IV | +50.2% |
| Front-minus-back IV | -0.6 pp |
| Front expected move | +7.0% |
| Front ATM straddle / spot | +6.1% |
| Front 25-delta risk reversal | 11.2 pp |
| Call OI change, 1 session | -42,478 contracts · -3.0% |
| Put OI change, 1 session | -926 contracts · -0.1% |
| Call minus put OI growth, 1 session | -2.9 pp |
| Call OI change, 5 sessions | +6,416 contracts · +0.5% |
| Put OI change, 5 sessions | +4,691 contracts · +0.5% |
| Call minus put OI growth, 5 sessions | +0.0 pp |
| Daily call OI change surprise | -0.41σ (252 prior changes) |
| Daily put OI change surprise | +0.05σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.55σ (252 prior changes) |
| Daily open interest change (contracts) | -43,404 |
| Daily open interest change z-score (prior 252) | -0.27σ (252 prior changes) |
| Gamma max distance from close | +61.0% |
| Delta neutral distance from close | +10.0% |
| Prior-year sessions closer to gamma max | 100.0% of 252 |
| Prior-year sessions closer to delta neutral | 45.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 14 | +0.4% | -0.9% to +1.8% | 57% | -1.1% to +1.9% | 0.0% |
| above | Day +3 | 14 | -0.7% | -6.8% to +5.5% | 43% | -7.2% to +5.5% | 0.0% |
| above | Day +5 | 14 | -3.2% | -11.6% to +10.1% | 36% | -13.9% to +10.6% | 0.0% |
| above | Day +10 | 14 | +2.4% | -8.0% to +9.1% | 64% | -10.4% to +9.3% | 0.0% |
| below | Day +1 | 15 | -0.5% | -4.5% to +5.1% | 40% | -5.1% to +7.1% | 0.0% |
| below | Day +3 | 15 | -2.5% | -7.2% to +9.7% | 40% | -9.3% to +10.0% | 0.0% |
| below | Day +5 | 15 | -3.8% | -8.8% to +13.8% | 40% | -10.6% to +16.6% | 0.0% |
| below | Day +10 | 15 | +0.1% | -7.2% to +9.1% | 53% | -7.9% to +9.7% | 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/NIO.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/NIO.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/NIO.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).