# PYPL: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 52.80 |
| Delta neutral (USD/share) | 48.43 |
| Gamma neutral (USD/share) | 41.03 |
| Gamma max (USD/share) | 60.87 |
| Open interest (contracts) | 1,617,981 |
| Nearest-expiration max pain (USD/share) | 54.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 52.50 |
| Net gamma exposure | 46,858,009 |
| Confirmed GEX flip (USD/share) | 41.03 |
| Call wall (USD/share) | 55.00 |
| Put wall (USD/share) | 53.00 |
| Put/call open-interest ratio | 0.37 |
| Options catalyst-intensity score (0–100) | 37.2 |
| Options directional score (-100 to +100) | 20.6 |
| IV rank | 37.1 |
| Front ATM IV | +34.2% |
| Front-minus-back IV | -8.3 pp |
| Front expected move | +4.7% |
| Front ATM straddle / spot | +3.5% |
| Front 25-delta risk reversal | -2.9 pp |
| Call OI change, 1 session | -62,391 contracts · -5.0% |
| Put OI change, 1 session | -21,550 contracts · -4.7% |
| Call minus put OI growth, 1 session | -0.3 pp |
| Call OI change, 5 sessions | +12,929 contracts · +1.1% |
| Put OI change, 5 sessions | +6,433 contracts · +1.5% |
| Call minus put OI growth, 5 sessions | -0.4 pp |
| Daily call OI change surprise | -1.12σ (252 prior changes) |
| Daily put OI change surprise | -0.84σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.19σ (252 prior changes) |
| Daily open interest change (contracts) | -83,941 |
| Daily open interest change z-score (prior 252) | -1.07σ (252 prior changes) |
| Gamma max distance from close | +15.3% |
| Delta neutral distance from close | -8.3% |
| Prior-year sessions closer to gamma max | 66.3% of 252 |
| Prior-year sessions closer to delta neutral | 76.6% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 16 | -0.4% | -1.2% to +1.4% | 44% | -1.2% to +1.2% | 0.0% |
| above | Day +3 | 16 | +0.4% | -1.9% to +2.5% | 50% | -1.7% to +2.4% | 0.0% |
| above | Day +5 | 16 | +0.6% | -1.7% to +3.6% | 56% | -1.4% to +3.6% | 0.0% |
| above | Day +10 | 16 | +1.2% | -3.0% to +2.6% | 56% | -2.9% to +2.4% | 0.0% |
| below | Day +1 | 17 | +0.5% | -0.4% to +1.0% | 59% | -0.4% to +1.0% | 0.0% |
| below | Day +3 | 17 | +0.6% | -1.6% to +2.9% | 65% | -1.6% to +2.9% | 0.0% |
| below | Day +5 | 17 | +1.2% | -1.3% to +4.1% | 65% | -1.3% to +4.1% | 0.0% |
| below | Day +10 | 17 | +1.3% | -3.2% to +2.6% | 59% | -3.2% 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/PYPL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/PYPL.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/PYPL.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).