# TEVA: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 39.53 |
| Delta neutral (USD/share) | 33.68 |
| Gamma neutral (USD/share) | 30.05 |
| Gamma max (USD/share) | 41.00 |
| Open interest (contracts) | 289,040 |
| Nearest-expiration max pain (USD/share) | 40.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 32.00 |
| Net gamma exposure | 23,117,431 |
| Confirmed GEX flip (USD/share) | 30.05 |
| Call wall (USD/share) | 40.00 |
| Put wall (USD/share) | 37.00 |
| Put/call open-interest ratio | 0.55 |
| Options catalyst-intensity score (0–100) | 57.3 |
| Options directional score (-100 to +100) | 9.6 |
| IV rank | 100.0 |
| Front ATM IV | +40.6% |
| Front-minus-back IV | 2.8 pp |
| Front expected move | +5.6% |
| Front ATM straddle / spot | +3.6% |
| Front 25-delta risk reversal | -1.5 pp |
| Call OI change, 1 session | -5,374 contracts · -2.8% |
| Put OI change, 1 session | -2,162 contracts · -2.1% |
| Call minus put OI growth, 1 session | -0.7 pp |
| Call OI change, 5 sessions | +5,561 contracts · +3.1% |
| Put OI change, 5 sessions | -416 contracts · -0.4% |
| Call minus put OI growth, 5 sessions | +3.5 pp |
| Daily call OI change surprise | -0.21σ (252 prior changes) |
| Daily put OI change surprise | -0.10σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.22σ (252 prior changes) |
| Daily open interest change (contracts) | -7,536 |
| Daily open interest change z-score (prior 252) | -0.17σ (252 prior changes) |
| Gamma max distance from close | +3.7% |
| Delta neutral distance from close | -14.8% |
| Prior-year sessions closer to gamma max | 38.5% of 252 |
| Prior-year sessions closer to delta neutral | 42.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 33 | 0.0% | -1.2% to +1.4% | 48% | -0.6% to +0.9% | 0.0% |
| above | Day +3 | 33 | +0.1% | -1.2% to +2.6% | 55% | -0.5% to +2.0% | 0.0% |
| above | Day +5 | 33 | +1.0% | -1.5% to +3.4% | 61% | 0.0% to +2.0% | 0.0% |
| above | Day +10 | 33 | +0.1% | -3.7% to +4.9% | 52% | -2.5% to +2.6% | 0.0% |
| below | Day +1 | 32 | +0.2% | -1.1% to +1.3% | 50% | -0.7% to +0.9% | 0.0% |
| below | Day +3 | 32 | +0.2% | -1.1% to +2.7% | 56% | -0.7% to +1.8% | 0.0% |
| below | Day +5 | 32 | +0.3% | -2.4% to +3.5% | 53% | -0.8% to +2.9% | 0.0% |
| below | Day +10 | 32 | +0.9% | -3.5% to +3.7% | 53% | -2.2% to +3.0% | 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/TEVA.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/TEVA.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/TEVA.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).