# PEP: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 125.89 |
| Delta neutral (USD/share) | 131.80 |
| Gamma neutral (USD/share) | 127.54 |
| Gamma max (USD/share) | 148.37 |
| Open interest (contracts) | 348,785 |
| Nearest-expiration max pain (USD/share) | 133.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 135.00 |
| Net gamma exposure | -3,796,309 |
| Confirmed GEX flip (USD/share) | 127.54 |
| Call wall (USD/share) | 140.00 |
| Put wall (USD/share) | 125.00 |
| Put/call open-interest ratio | 0.53 |
| Options catalyst-intensity score (0–100) | 60.5 |
| Options directional score (-100 to +100) | 1.5 |
| IV rank | 99.7 |
| Front ATM IV | +37.3% |
| Front-minus-back IV | 13.4 pp |
| Front expected move | +5.2% |
| Front ATM straddle / spot | +3.7% |
| Front 25-delta risk reversal | 0.9 pp |
| Call OI change, 1 session | -12,333 contracts · -5.1% |
| Put OI change, 1 session | -3,443 contracts · -2.8% |
| Call minus put OI growth, 1 session | -2.4 pp |
| Call OI change, 5 sessions | +6,790 contracts · +3.1% |
| Put OI change, 5 sessions | +4,731 contracts · +4.1% |
| Call minus put OI growth, 5 sessions | -1.0 pp |
| Daily call OI change surprise | -0.67σ (252 prior changes) |
| Daily put OI change surprise | -0.24σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.45σ (252 prior changes) |
| Daily open interest change (contracts) | -15,776 |
| Daily open interest change z-score (prior 252) | -0.55σ (252 prior changes) |
| Gamma max distance from close | +17.9% |
| Delta neutral distance from close | +4.7% |
| Prior-year sessions closer to gamma max | 99.6% of 252 |
| Prior-year sessions closer to delta neutral | 84.9% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 14 | -0.3% | -1.0% to +0.1% | 36% | -1.0% to +0.1% | 0.0% |
| above | Day +3 | 14 | -0.5% | -1.2% to +0.4% | 50% | -1.3% to +0.4% | 0.0% |
| above | Day +5 | 14 | -0.6% | -1.2% to +0.2% | 29% | -1.3% to +0.2% | 0.0% |
| above | Day +10 | 14 | -0.5% | -1.6% to +1.1% | 50% | -1.6% to +1.1% | 0.0% |
| below | Day +1 | 14 | +0.0% | -0.7% to +0.2% | 50% | -0.7% to +0.2% | 0.0% |
| below | Day +3 | 14 | +0.4% | -0.3% to +1.0% | 64% | -0.4% to +1.0% | 0.0% |
| below | Day +5 | 14 | +0.4% | -2.3% to +0.8% | 57% | -2.6% to +0.9% | 0.0% |
| below | Day +10 | 14 | +0.1% | -2.2% to +0.9% | 50% | -2.6% to +0.9% | 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/PEP.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/PEP.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/PEP.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).