# ORBS: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 1.16 |
| Delta neutral (USD/share) | 0.75 |
| Gamma neutral (USD/share) | 1.16 |
| Gamma max (USD/share) | 0.95 |
| Open interest (contracts) | 161,205 |
| Nearest-expiration max pain (USD/share) | 1.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 1.00 |
| Net gamma exposure | 5,226,350 |
| Call wall (USD/share) | 1.50 |
| Put wall (USD/share) | 1.00 |
| Put/call open-interest ratio | 0.30 |
| Options catalyst-intensity score (0–100) | 62.3 |
| Options directional score (-100 to +100) | 36.7 |
| IV rank | 82.9 |
| Front ATM IV | – |
| Front-minus-back IV | – pp |
| Front expected move | – |
| Front ATM straddle / spot | – |
| Front 25-delta risk reversal | -44.6 pp |
| Call OI change, 1 session | -18,819 contracts · -13.2% |
| Put OI change, 1 session | -333 contracts · -0.9% |
| Call minus put OI growth, 1 session | -12.3 pp |
| Call OI change, 5 sessions | -9,765 contracts · -7.3% |
| Put OI change, 5 sessions | +1,418 contracts · +4.0% |
| Call minus put OI growth, 5 sessions | -11.3 pp |
| Daily call OI change surprise | — (179 prior changes) |
| Daily put OI change surprise | — (179 prior changes) |
| Daily call-minus-put growth surprise | — (178 prior changes) |
| Daily open interest change (contracts) | -19,152 |
| Daily open interest change z-score (prior 252) | — |
| Gamma max distance from close | -18.3% |
| Delta neutral distance from close | -35.2% |
| Prior-year sessions closer to gamma max | 45.5% of 191 |
| Prior-year sessions closer to delta neutral | 60.7% of 191 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 4 | -2.9% | -7.5% to +2.7% | 50% | — | – |
| above | Day +3 | 4 | +1.5% | -3.3% to +3.3% | 75% | — | – |
| above | Day +5 | 4 | -2.8% | -10.8% to +2.7% | 50% | — | – |
| above | Day +10 | 4 | +1.0% | -10.4% to +8.3% | 50% | — | – |
| below | Day +1 | 6 | -2.3% | -8.6% to +3.4% | 33% | -31.6% to +26.2% | 0.0% |
| below | Day +3 | 6 | -5.9% | -6.9% to +1.6% | 33% | -36.1% to +7.6% | 0.0% |
| below | Day +5 | 6 | +3.5% | -2.3% to +8.9% | 67% | -31.8% to +23.8% | 0.0% |
| below | Day +10 | 6 | +4.9% | -2.6% to +14.8% | 50% | -5.9% to +21.5% | 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/ORBS.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/ORBS.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/ORBS.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).