# SNAP: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 5.59 |
| Delta neutral (USD/share) | 4.85 |
| Gamma neutral (USD/share) | 1.26 |
| Gamma max (USD/share) | 6.12 |
| Open interest (contracts) | 1,296,031 |
| Nearest-expiration max pain (USD/share) | 5.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 6.00 |
| Net gamma exposure | 45,079,256 |
| Confirmed GEX flip (USD/share) | 1.26 |
| Call wall (USD/share) | 6.00 |
| Put wall (USD/share) | 5.00 |
| Put/call open-interest ratio | 0.31 |
| Options catalyst-intensity score (0–100) | 42.2 |
| Options directional score (-100 to +100) | 29.2 |
| IV rank | 41.5 |
| Front ATM IV | +52.4% |
| Front-minus-back IV | -30.0 pp |
| Front expected move | +7.3% |
| Front ATM straddle / spot | +5.5% |
| Front 25-delta risk reversal | -8.1 pp |
| Call OI change, 1 session | -21,948 contracts · -2.2% |
| Put OI change, 1 session | -11,612 contracts · -3.7% |
| Call minus put OI growth, 1 session | +1.5 pp |
| Call OI change, 5 sessions | +22,252 contracts · +2.3% |
| Put OI change, 5 sessions | -3,662 contracts · -1.2% |
| Call minus put OI growth, 5 sessions | +3.5 pp |
| Daily call OI change surprise | -0.27σ (252 prior changes) |
| Daily put OI change surprise | -0.37σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.54σ (252 prior changes) |
| Daily open interest change (contracts) | -33,560 |
| Daily open interest change z-score (prior 252) | -0.31σ (252 prior changes) |
| Gamma max distance from close | +9.6% |
| Delta neutral distance from close | -13.2% |
| Prior-year sessions closer to gamma max | 35.3% of 252 |
| Prior-year sessions closer to delta neutral | 75.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 20 | +0.5% | -0.3% to +1.8% | 65% | -0.2% to +1.7% | 0.0% |
| above | Day +3 | 20 | +3.2% | -1.8% to +7.6% | 60% | -1.7% to +7.6% | 0.0% |
| above | Day +5 | 20 | +2.2% | -1.0% to +8.0% | 65% | -0.9% to +7.9% | 0.0% |
| above | Day +10 | 20 | +3.1% | -4.3% to +7.5% | 55% | -3.8% to +7.2% | 0.0% |
| below | Day +1 | 24 | +0.4% | -2.0% to +2.7% | 54% | -1.5% to +2.2% | 0.0% |
| below | Day +3 | 24 | +0.6% | -1.9% to +5.3% | 54% | -1.2% to +3.5% | 0.0% |
| below | Day +5 | 24 | +1.0% | -2.6% to +6.5% | 58% | -1.5% to +1.5% | 0.0% |
| below | Day +10 | 24 | +1.1% | -7.6% to +8.6% | 50% | -6.2% to +6.9% | 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/SNAP.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/SNAP.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/SNAP.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).