# ONON: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 30.85 |
| Delta neutral (USD/share) | 31.05 |
| Gamma neutral (USD/share) | 30.80 |
| Gamma max (USD/share) | 34.38 |
| Open interest (contracts) | 439,344 |
| Nearest-expiration max pain (USD/share) | 30.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 32.50 |
| Net gamma exposure | 304,886 |
| Confirmed GEX flip (USD/share) | 30.80 |
| Call wall (USD/share) | 33.00 |
| Put wall (USD/share) | 30.00 |
| Put/call open-interest ratio | 0.92 |
| Options catalyst-intensity score (0–100) | 46.3 |
| Options directional score (-100 to +100) | -35.0 |
| IV rank | 100.0 |
| Front ATM IV | +41.5% |
| Front-minus-back IV | -9.1 pp |
| Front expected move | +5.8% |
| Front ATM straddle / spot | +4.3% |
| Front 25-delta risk reversal | 175.3 pp |
| Call OI change, 1 session | -7,912 contracts · -3.3% |
| Put OI change, 1 session | -2,582 contracts · -1.2% |
| Call minus put OI growth, 1 session | -2.1 pp |
| Call OI change, 5 sessions | +10,746 contracts · +4.9% |
| Put OI change, 5 sessions | +18,349 contracts · +9.6% |
| Call minus put OI growth, 5 sessions | -4.6 pp |
| Daily call OI change surprise | -0.58σ (252 prior changes) |
| Daily put OI change surprise | -0.25σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.40σ (252 prior changes) |
| Daily open interest change (contracts) | -10,494 |
| Daily open interest change z-score (prior 252) | -0.47σ (252 prior changes) |
| Gamma max distance from close | +11.4% |
| Delta neutral distance from close | +0.7% |
| Prior-year sessions closer to gamma max | 33.3% of 252 |
| Prior-year sessions closer to delta neutral | 9.1% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 20 | -0.3% | -1.5% to +1.2% | 45% | -1.3% to +1.1% | 0.0% |
| above | Day +3 | 20 | +0.1% | -2.7% to +1.8% | 50% | -2.7% to +1.7% | 0.0% |
| above | Day +5 | 20 | +0.6% | -5.9% to +2.0% | 55% | -5.9% to +1.4% | 0.0% |
| above | Day +10 | 19 | -1.8% | -7.3% to +2.3% | 32% | -7.2% to +2.1% | 0.0% |
| below | Day +1 | 20 | +0.0% | -1.8% to +1.4% | 50% | -1.8% to +1.1% | 0.0% |
| below | Day +3 | 20 | +0.6% | -2.0% to +2.1% | 55% | -1.7% to +1.4% | 0.0% |
| below | Day +5 | 20 | +0.9% | -3.2% to +2.7% | 55% | -3.0% to +2.7% | 0.0% |
| below | Day +10 | 20 | -0.3% | -4.1% to +2.4% | 45% | -4.1% to +2.2% | 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/ONON.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/ONON.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/ONON.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).