# SMR: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 7.75 |
| Delta neutral (USD/share) | 8.44 |
| Gamma neutral (USD/share) | 7.12 |
| Gamma max (USD/share) | 10.32 |
| Open interest (contracts) | 512,607 |
| Nearest-expiration max pain (USD/share) | 8.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 10.00 |
| Net gamma exposure | 2,252,634 |
| Confirmed GEX flip (USD/share) | 7.12 |
| Call wall (USD/share) | 10.00 |
| Put wall (USD/share) | 8.00 |
| Put/call open-interest ratio | 0.47 |
| Options catalyst-intensity score (0–100) | 41.1 |
| Options directional score (-100 to +100) | 22.0 |
| IV rank | 38.9 |
| Front ATM IV | +67.9% |
| Front-minus-back IV | -14.2 pp |
| Front expected move | +9.4% |
| Front ATM straddle / spot | +7.0% |
| Front 25-delta risk reversal | -6.6 pp |
| Call OI change, 1 session | -29,088 contracts · -7.7% |
| Put OI change, 1 session | -10,487 contracts · -6.0% |
| Call minus put OI growth, 1 session | -1.7 pp |
| Call OI change, 5 sessions | -1,794 contracts · -0.5% |
| Put OI change, 5 sessions | +3,958 contracts · +2.5% |
| Call minus put OI growth, 5 sessions | -3.0 pp |
| Daily call OI change surprise | -0.90σ (252 prior changes) |
| Daily put OI change surprise | -0.37σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.30σ (252 prior changes) |
| Daily open interest change (contracts) | -39,575 |
| Daily open interest change z-score (prior 252) | -0.69σ (252 prior changes) |
| Gamma max distance from close | +33.2% |
| Delta neutral distance from close | +8.9% |
| Prior-year sessions closer to gamma max | 79.4% of 252 |
| Prior-year sessions closer to delta neutral | 57.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 23 | -1.8% | -4.8% to +1.8% | 35% | -4.6% to +0.7% | 0.0% |
| above | Day +3 | 23 | -2.5% | -11.5% to +9.1% | 39% | -7.1% to +4.2% | 0.0% |
| above | Day +5 | 23 | -0.1% | -8.5% to +8.7% | 43% | -5.3% to +5.9% | 0.0% |
| above | Day +10 | 23 | +3.7% | -11.5% to +17.7% | 57% | -3.5% to +14.6% | 0.0% |
| below | Day +1 | 25 | -1.3% | -6.7% to +5.6% | 48% | -6.1% to +3.4% | 0.0% |
| below | Day +3 | 25 | +5.4% | -6.7% to +16.9% | 52% | -4.8% to +9.6% | 0.0% |
| below | Day +5 | 25 | +2.9% | -4.1% to +12.2% | 68% | -0.1% to +11.8% | 0.0% |
| below | Day +10 | 25 | +13.9% | -6.8% to +32.5% | 64% | -6.1% to +23.1% | 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/SMR.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/SMR.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/SMR.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).