# OWL: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 9.08 |
| Delta neutral (USD/share) | 11.19 |
| Gamma neutral (USD/share) | 14.71 |
| Gamma max (USD/share) | 17.71 |
| Open interest (contracts) | 777,694 |
| Nearest-expiration max pain (USD/share) | 9.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 12.00 |
| Net gamma exposure | -24,095,329 |
| Confirmed GEX flip (USD/share) | 14.71 |
| Call wall (USD/share) | 10.00 |
| Put wall (USD/share) | 10.00 |
| Put/call open-interest ratio | 1.57 |
| Options catalyst-intensity score (0–100) | 57.3 |
| Options directional score (-100 to +100) | -5.2 |
| IV rank | 84.9 |
| Front ATM IV | +49.7% |
| Front-minus-back IV | -3.0 pp |
| Front expected move | +6.9% |
| Front ATM straddle / spot | +5.2% |
| Front 25-delta risk reversal | -11.5 pp |
| Call OI change, 1 session | -34,098 contracts · -10.1% |
| Put OI change, 1 session | -19,468 contracts · -3.9% |
| Call minus put OI growth, 1 session | -6.2 pp |
| Call OI change, 5 sessions | -14,784 contracts · -4.7% |
| Put OI change, 5 sessions | -12,558 contracts · -2.6% |
| Call minus put OI growth, 5 sessions | -2.1 pp |
| Daily call OI change surprise | -1.46σ (252 prior changes) |
| Daily put OI change surprise | -0.64σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.95σ (252 prior changes) |
| Daily open interest change (contracts) | -53,566 |
| Daily open interest change z-score (prior 252) | -1.08σ (252 prior changes) |
| Gamma max distance from close | +95.1% |
| Delta neutral distance from close | +23.2% |
| Prior-year sessions closer to gamma max | 79.8% of 252 |
| Prior-year sessions closer to delta neutral | 85.3% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 21 | -0.7% | -1.5% to +0.3% | 38% | -1.3% to +0.1% | 0.0% |
| above | Day +3 | 21 | -0.3% | -1.3% to +0.3% | 38% | -1.2% to +0.2% | 0.0% |
| above | Day +5 | 21 | -0.4% | -1.6% to +1.3% | 43% | -1.0% to +1.2% | 0.0% |
| above | Day +10 | 21 | -0.3% | -3.3% to +1.2% | 38% | -3.0% to +1.2% | 0.0% |
| below | Day +1 | 18 | +0.7% | -0.4% to +1.2% | 67% | -0.1% to +1.1% | 0.0% |
| below | Day +3 | 18 | +0.7% | -0.8% to +2.1% | 67% | -0.6% to +1.9% | 0.0% |
| below | Day +5 | 18 | +0.5% | -1.7% to +2.4% | 61% | -0.5% to +1.8% | 0.0% |
| below | Day +10 | 18 | +0.1% | -2.4% to +4.6% | 50% | -1.7% to +2.6% | 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/OWL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/OWL.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/OWL.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).