# PAGP: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 26.06 |
| Delta neutral (USD/share) | 24.21 |
| Gamma neutral (USD/share) | 11.76 |
| Gamma max (USD/share) | 24.82 |
| Open interest (contracts) | 167,934 |
| Nearest-expiration max pain (USD/share) | 28.00 (2026-10-16) |
| All-expiration max pain (USD/share) | 25.00 |
| Net gamma exposure | 21,048,535 |
| Confirmed GEX flip (USD/share) | 11.76 |
| Call wall (USD/share) | 25.00 |
| Put wall (USD/share) | 27.00 |
| Put/call open-interest ratio | 0.38 |
| Options catalyst-intensity score (0–100) | 43.9 |
| Options directional score (-100 to +100) | 35.7 |
| IV rank | 15.1 |
| Front ATM IV | +23.7% |
| Front-minus-back IV | 1.6 pp |
| Front expected move | +4.6% |
| Front ATM straddle / spot | +3.3% |
| Front 25-delta risk reversal | -121.5 pp |
| Call OI change, 1 session | +293 contracts · +0.2% |
| Put OI change, 1 session | -2,922 contracts · -6.0% |
| Call minus put OI growth, 1 session | +6.2 pp |
| Call OI change, 5 sessions | +1,315 contracts · +1.1% |
| Put OI change, 5 sessions | +1,844 contracts · +4.2% |
| Call minus put OI growth, 5 sessions | -3.1 pp |
| Daily call OI change surprise | +0.01σ (252 prior changes) |
| Daily put OI change surprise | -0.68σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.64σ (252 prior changes) |
| Daily open interest change (contracts) | -2,629 |
| Daily open interest change z-score (prior 252) | -0.30σ (252 prior changes) |
| Gamma max distance from close | -4.8% |
| Delta neutral distance from close | -7.1% |
| Prior-year sessions closer to gamma max | 48.0% of 252 |
| Prior-year sessions closer to delta neutral | 19.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 62 | +0.2% | -1.2% to +1.2% | 55% | -0.2% to +0.8% | 0.0% |
| above | Day +3 | 62 | +0.8% | -1.5% to +2.2% | 61% | +0.2% to +1.4% | +0.2% |
| above | Day +5 | 62 | +1.1% | -1.4% to +2.6% | 66% | +0.5% to +1.6% | +0.5% |
| above | Day +10 | 62 | -0.1% | -3.7% to +3.0% | 50% | -1.1% to +1.0% | 0.0% |
| below | Day +1 | 59 | +0.3% | -1.1% to +1.0% | 56% | -0.2% to +0.6% | 0.0% |
| below | Day +3 | 59 | +1.1% | -1.0% to +2.1% | 63% | +0.1% to +1.6% | +0.1% |
| below | Day +5 | 59 | +0.8% | -2.0% to +2.5% | 59% | -0.2% to +1.5% | 0.0% |
| below | Day +10 | 59 | +0.7% | -2.2% to +3.0% | 54% | -0.7% to +1.6% | 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/PAGP.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/PAGP.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/PAGP.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).