# SHOP: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 151.39 |
| Delta neutral (USD/share) | 128.38 |
| Gamma neutral (USD/share) | 124.71 |
| Gamma max (USD/share) | 150.96 |
| Open interest (contracts) | 574,563 |
| Nearest-expiration max pain (USD/share) | 140.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 135.00 |
| Net gamma exposure | 27,103,274 |
| Confirmed GEX flip (USD/share) | 124.71 |
| Call wall (USD/share) | 145.00 |
| Put wall (USD/share) | 105.00 |
| Put/call open-interest ratio | 0.95 |
| Options catalyst-intensity score (0–100) | 45.3 |
| Options directional score (-100 to +100) | -12.1 |
| IV rank | 92.1 |
| Front ATM IV | +49.5% |
| Front-minus-back IV | -12.6 pp |
| Front expected move | +6.9% |
| Front ATM straddle / spot | +5.0% |
| Front 25-delta risk reversal | -0.5 pp |
| Call OI change, 1 session | -21,017 contracts · -6.7% |
| Put OI change, 1 session | -12,223 contracts · -4.2% |
| Call minus put OI growth, 1 session | -2.5 pp |
| Call OI change, 5 sessions | -5,419 contracts · -1.8% |
| Put OI change, 5 sessions | +6,960 contracts · +2.5% |
| Call minus put OI growth, 5 sessions | -4.4 pp |
| Daily call OI change surprise | -0.66σ (252 prior changes) |
| Daily put OI change surprise | -0.75σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.45σ (252 prior changes) |
| Daily open interest change (contracts) | -33,240 |
| Daily open interest change z-score (prior 252) | -0.76σ (252 prior changes) |
| Gamma max distance from close | -0.3% |
| Delta neutral distance from close | -15.2% |
| Prior-year sessions closer to gamma max | 0.8% of 252 |
| Prior-year sessions closer to delta neutral | 88.9% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 16 | -0.2% | -2.7% to +1.4% | 50% | -2.7% to +1.2% | 0.0% |
| above | Day +3 | 16 | -2.3% | -5.2% to -0.4% | 19% | -4.4% to -0.4% | -0.4% |
| above | Day +5 | 16 | -4.2% | -7.2% to -0.3% | 25% | -7.2% to -0.6% | -0.6% |
| above | Day +10 | 15 | -3.6% | -9.2% to +1.1% | 33% | -9.2% to +1.5% | 0.0% |
| below | Day +1 | 17 | +0.3% | -1.4% to +2.0% | 59% | -1.4% to +2.0% | 0.0% |
| below | Day +3 | 17 | -2.2% | -3.8% to +0.8% | 29% | -3.8% to +0.8% | 0.0% |
| below | Day +5 | 17 | -3.3% | -5.3% to +0.5% | 29% | -5.3% to +0.5% | 0.0% |
| below | Day +10 | 16 | -3.1% | -9.8% to -0.6% | 13% | -9.5% to -0.8% | -0.8% |

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/SHOP.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/SHOP.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/SHOP.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).