# SPXS: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 24.12 |
| Delta neutral (USD/share) | 24.44 |
| Gamma neutral (USD/share) | 22.40 |
| Gamma max (USD/share) | 24.63 |
| Open interest (contracts) | 177,042 |
| Nearest-expiration max pain (USD/share) | 23.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 25.00 |
| Net gamma exposure | 9,254,925 |
| Confirmed GEX flip (USD/share) | 22.40 |
| Call wall (USD/share) | 25.00 |
| Put wall (USD/share) | 26.00 |
| Put/call open-interest ratio | 0.94 |
| Options catalyst-intensity score (0–100) | 58.8 |
| Options directional score (-100 to +100) | -34.3 |
| IV rank | 82.0 |
| Front ATM IV | +36.5% |
| Front-minus-back IV | -5.1 pp |
| Front expected move | +5.1% |
| Front ATM straddle / spot | +3.4% |
| Front 25-delta risk reversal | 48.0 pp |
| Call OI change, 1 session | +1,633 contracts · +1.8% |
| Put OI change, 1 session | -4,446 contracts · -4.9% |
| Call minus put OI growth, 1 session | +6.7 pp |
| Call OI change, 5 sessions | +6,823 contracts · +8.1% |
| Put OI change, 5 sessions | -136 contracts · -0.2% |
| Call minus put OI growth, 5 sessions | +8.3 pp |
| Daily call OI change surprise | +0.11σ (252 prior changes) |
| Daily put OI change surprise | -0.48σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.60σ (252 prior changes) |
| Daily open interest change (contracts) | -2,813 |
| Daily open interest change z-score (prior 252) | -0.04σ (252 prior changes) |
| Gamma max distance from close | +2.1% |
| Delta neutral distance from close | +1.3% |
| Prior-year sessions closer to gamma max | 36.5% of 252 |
| Prior-year sessions closer to delta neutral | 19.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 82 | +0.2% | -1.8% to +2.2% | 51% | -0.2% to +0.9% | 0.0% |
| above | Day +3 | 82 | -1.5% | -4.9% to +1.9% | 37% | -3.0% to -0.4% | -0.4% |
| above | Day +5 | 82 | -2.3% | -6.4% to +3.1% | 34% | -3.4% to -1.0% | -1.0% |
| above | Day +10 | 82 | -3.9% | -9.4% to +3.3% | 38% | -6.4% to -1.6% | -1.6% |
| below | Day +1 | 84 | -0.2% | -2.1% to +2.1% | 45% | -1.2% to +0.5% | 0.0% |
| below | Day +3 | 84 | -1.4% | -4.5% to +2.7% | 36% | -2.6% to -0.2% | -0.2% |
| below | Day +5 | 84 | -2.0% | -4.8% to +3.6% | 39% | -3.5% to -0.2% | -0.2% |
| below | Day +10 | 84 | -3.4% | -9.0% to +3.3% | 40% | -6.6% to +0.3% | 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/SPXS.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/SPXS.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/SPXS.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).