# PBR: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 21.65 |
| Delta neutral (USD/share) | 18.64 |
| Gamma neutral (USD/share) | 17.62 |
| Gamma max (USD/share) | 22.61 |
| Open interest (contracts) | 2,254,127 |
| Nearest-expiration max pain (USD/share) | 21.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 19.00 |
| Net gamma exposure | 127,311,558 |
| Confirmed GEX flip (USD/share) | 17.62 |
| Call wall (USD/share) | 22.00 |
| Put wall (USD/share) | 20.00 |
| Put/call open-interest ratio | 0.80 |
| Options catalyst-intensity score (0–100) | 62.1 |
| Options directional score (-100 to +100) | -17.8 |
| IV rank | 40.1 |
| Front ATM IV | +78.4% |
| Front-minus-back IV | 24.9 pp |
| Front expected move | +10.9% |
| Front ATM straddle / spot | +8.0% |
| Front 25-delta risk reversal | 2.3 pp |
| Call OI change, 1 session | -12,053 contracts · -1.0% |
| Put OI change, 1 session | -390 contracts · -0.0% |
| Call minus put OI growth, 1 session | -0.9 pp |
| Call OI change, 5 sessions | +25,652 contracts · +2.1% |
| Put OI change, 5 sessions | +20,022 contracts · +2.0% |
| Call minus put OI growth, 5 sessions | +0.0 pp |
| Daily call OI change surprise | -0.42σ (252 prior changes) |
| Daily put OI change surprise | -0.08σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.33σ (252 prior changes) |
| Daily open interest change (contracts) | -12,443 |
| Daily open interest change z-score (prior 252) | -0.29σ (252 prior changes) |
| Gamma max distance from close | +4.4% |
| Delta neutral distance from close | -13.9% |
| Prior-year sessions closer to gamma max | 21.8% of 252 |
| Prior-year sessions closer to delta neutral | 79.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 18 | +1.6% | -0.9% to +2.5% | 67% | -0.9% to +2.5% | 0.0% |
| above | Day +3 | 18 | -0.1% | -3.0% to +3.9% | 44% | -2.4% to +2.9% | 0.0% |
| above | Day +5 | 18 | +3.0% | -1.9% to +5.8% | 67% | -0.6% to +5.5% | 0.0% |
| above | Day +10 | 18 | +5.5% | -2.0% to +9.7% | 67% | -1.4% to +8.8% | 0.0% |
| below | Day +1 | 18 | -1.4% | -3.7% to +0.5% | 33% | -2.9% to +0.1% | 0.0% |
| below | Day +3 | 18 | +0.3% | -1.4% to +2.0% | 61% | -1.3% to +1.7% | 0.0% |
| below | Day +5 | 18 | +0.5% | -3.0% to +2.7% | 56% | -2.4% to +2.5% | 0.0% |
| below | Day +10 | 18 | +1.6% | -2.8% to +6.3% | 61% | -1.3% to +5.9% | 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/PBR.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/PBR.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/PBR.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).