# ONDS: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 7.24 |
| Delta neutral (USD/share) | 6.96 |
| Gamma neutral (USD/share) | 4.93 |
| Gamma max (USD/share) | 8.76 |
| Open interest (contracts) | 1,536,065 |
| Nearest-expiration max pain (USD/share) | 7.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 8.00 |
| Net gamma exposure | 19,250,597 |
| Confirmed GEX flip (USD/share) | 4.93 |
| Call wall (USD/share) | 10.00 |
| Put wall (USD/share) | 7.00 |
| Put/call open-interest ratio | 0.47 |
| Options catalyst-intensity score (0–100) | 44.7 |
| Options directional score (-100 to +100) | 31.2 |
| IV rank | 33.3 |
| Front ATM IV | +60.9% |
| Front-minus-back IV | -14.7 pp |
| Front expected move | +8.4% |
| Front ATM straddle / spot | +6.4% |
| Front 25-delta risk reversal | -162.8 pp |
| Call OI change, 1 session | -46,897 contracts · -4.3% |
| Put OI change, 1 session | -33,863 contracts · -6.5% |
| Call minus put OI growth, 1 session | +2.2 pp |
| Call OI change, 5 sessions | +19,743 contracts · +1.9% |
| Put OI change, 5 sessions | +9,948 contracts · +2.1% |
| Call minus put OI growth, 5 sessions | -0.2 pp |
| Daily call OI change surprise | -0.77σ (252 prior changes) |
| Daily put OI change surprise | -0.93σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.48σ (252 prior changes) |
| Daily open interest change (contracts) | -80,760 |
| Daily open interest change z-score (prior 252) | -0.84σ (252 prior changes) |
| Gamma max distance from close | +21.0% |
| Delta neutral distance from close | -3.8% |
| Prior-year sessions closer to gamma max | 65.9% of 252 |
| Prior-year sessions closer to delta neutral | 7.1% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 24 | +0.4% | -2.4% to +4.2% | 50% | -1.7% to +2.5% | 0.0% |
| above | Day +3 | 24 | +1.7% | -3.7% to +6.0% | 58% | -2.4% to +4.6% | 0.0% |
| above | Day +5 | 24 | -1.1% | -8.6% to +8.0% | 46% | -7.3% to +7.1% | 0.0% |
| above | Day +10 | 24 | -6.9% | -14.3% to +12.7% | 42% | -13.1% to +10.1% | 0.0% |
| below | Day +1 | 29 | -0.9% | -4.5% to +5.4% | 45% | -4.2% to +1.9% | 0.0% |
| below | Day +3 | 29 | -3.7% | -8.2% to +6.3% | 41% | -6.2% to +3.4% | 0.0% |
| below | Day +5 | 29 | -0.4% | -10.3% to +8.2% | 48% | -5.8% to +6.2% | 0.0% |
| below | Day +10 | 29 | 0.0% | -9.6% to +9.4% | 45% | -7.0% to +7.6% | 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/ONDS.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/ONDS.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/ONDS.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).