# SGHC: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 11.25 |
| Delta neutral (USD/share) | 10.48 |
| Gamma neutral (USD/share) | 11.25 |
| Gamma max (USD/share) | 12.82 |
| Open interest (contracts) | 102,928 |
| Nearest-expiration max pain (USD/share) | 13.00 (2026-10-16) |
| All-expiration max pain (USD/share) | 11.00 |
| Net gamma exposure | 6,670,731 |
| Call wall (USD/share) | 11.00 |
| Put wall (USD/share) | 13.00 |
| Put/call open-interest ratio | 0.34 |
| Options catalyst-intensity score (0–100) | 45.2 |
| Options directional score (-100 to +100) | 37.0 |
| IV rank | 66.1 |
| Front ATM IV | +41.4% |
| Front-minus-back IV | -14.3 pp |
| Front expected move | +8.1% |
| Front ATM straddle / spot | +6.4% |
| Front 25-delta risk reversal | -152.8 pp |
| Call OI change, 1 session | +1 contracts · +0.0% |
| Put OI change, 1 session | -190 contracts · -0.7% |
| Call minus put OI growth, 1 session | +0.7 pp |
| Call OI change, 5 sessions | +16,875 contracts · +28.1% |
| Put OI change, 5 sessions | +628 contracts · +2.5% |
| Call minus put OI growth, 5 sessions | +25.6 pp |
| Daily call OI change surprise | +0.00σ (252 prior changes) |
| Daily put OI change surprise | -0.14σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.12σ (252 prior changes) |
| Daily open interest change (contracts) | -189 |
| Daily open interest change z-score (prior 252) | -0.01σ (252 prior changes) |
| Gamma max distance from close | +13.9% |
| Delta neutral distance from close | -6.9% |
| Prior-year sessions closer to gamma max | 75.8% of 252 |
| Prior-year sessions closer to delta neutral | 13.1% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 31 | -0.9% | -1.7% to +1.6% | 32% | -1.5% to -0.1% | -0.1% |
| above | Day +3 | 31 | -1.0% | -3.5% to +1.4% | 42% | -1.7% to +0.8% | 0.0% |
| above | Day +5 | 31 | +0.2% | -3.1% to +4.0% | 52% | -1.9% to +3.4% | 0.0% |
| above | Day +10 | 31 | -1.4% | -4.6% to +3.2% | 48% | -3.6% to +1.0% | 0.0% |
| below | Day +1 | 39 | +0.3% | -2.6% to +1.8% | 51% | -1.0% to +1.0% | 0.0% |
| below | Day +3 | 39 | -0.3% | -3.5% to +3.8% | 44% | -3.1% to +1.5% | 0.0% |
| below | Day +5 | 39 | +0.2% | -4.9% to +3.1% | 51% | -3.2% to +1.7% | 0.0% |
| below | Day +10 | 39 | +0.4% | -4.8% to +2.7% | 51% | -3.8% 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/SGHC.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/SGHC.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/SGHC.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).