# TIC: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/TIC
Data through: 2026-11-13 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 10.62 |
| Delta neutral (USD/share) | 8.88 |
| Gamma neutral (USD/share) | 7.53 |
| Gamma max (USD/share) | 11.23 |
| Open interest (contracts) | 105,058 |
| Nearest-expiration max pain (USD/share) | 7.50 (2026-11-20) |
| All-expiration max pain (USD/share) | 10.00 |
| Net gamma exposure | 8,514,612 |
| Confirmed GEX flip (USD/share) | 7.53 |
| Call wall (USD/share) | 10.00 |
| Put wall (USD/share) | 10.00 |
| Put/call open-interest ratio | 0.41 |
| Net GEX sign history | positive for the last 28 sessions; negative on 102 of the past 252 |
| Max pain expiration record (past 252 sessions) | expiration close nearer the prior-session max pain on 0 of 12 expirations (0%); median distance 12.44% vs 1.26% for an unchanged prior close |
| Options catalyst-intensity score (0–100) | 43.5 |
| Options directional score (-100 to +100) | 17.8 |
| IV rank | 1.9 |
| Front-minus-back IV | 45.9 pp |
| Front 25-delta risk reversal | -1.0 pp |
| Call OI change, 1 session | -19 contracts · -0.0% |
| Put OI change, 1 session | +1 contracts · +0.0% |
| Call minus put OI growth, 1 session | -0.0 pp |
| Call OI change, 5 sessions | +51 contracts · +0.1% |
| Put OI change, 5 sessions | +30 contracts · +0.1% |
| Call minus put OI growth, 5 sessions | -0.0 pp |
| Daily call OI change surprise | -0.05σ (252 prior changes) |
| Daily put OI change surprise | -0.07σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.05σ (234 prior changes) |
| Daily open interest change (contracts) | -18 |
| Daily open interest change z-score (prior 252) | -0.07σ (252 prior changes) |
| Gamma max distance from close | +5.7% |
| Delta neutral distance from close | -16.4% |
| Prior-year sessions closer to gamma max | 1.6% of 250 |
| Prior-year sessions closer to delta neutral | 27.6% of 250 |

## Recent expirations vs max pain

| Expiration | Max pain (session before) | Prior close | Expiration close | Close vs max pain | Nearer |
| --- | ---: | ---: | ---: | ---: | --- |
| 2026-10-16 | 7.50 | 8.67 | 8.65 | +13.26% | Prior close |
| 2026-09-18 | 10.00 | 9.00 | 9.06 | -10.44% | Prior close |
| 2026-08-21 | 7.50 | 9.02 | 9.51 | +22.28% | Prior close |
| 2026-07-17 | 10.00 | 6.92 | 6.85 | -45.52% | Prior close |
| 2026-06-18 | 7.50 | 8.13 | 8.44 | +11.63% | Prior close |
| 2026-05-15 | 5.00 | 8.92 | 8.96 | +44.39% | Prior close |
| 2026-04-17 | 7.50 | 7.99 | 8.50 | +12.52% | Prior close |
| 2026-03-20 | 10.00 | 7.69 | 7.60 | -31.21% | Prior close |
| 2026-02-20 | 10.00 | 9.65 | 9.78 | -2.28% | Prior close |
| 2026-01-16 | 10.00 | 11.64 | 11.44 | +12.37% | Prior close |

Each expiration compares the last session before it, when it was the nearest expiration, with the expiration-session close; distances are percentages of that prior close. Underlying closes are not option settlement values. Descriptive history, not a forecast.

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 1 | -5.3% | -5.3% to -5.3% | 0% | — | – |
| above | Day +3 | 0 | – | – to – | — | — | – |
| above | Day +5 | 0 | – | – to – | — | — | – |
| above | Day +10 | 0 | – | – to – | — | — | – |
| below | Day +1 | 2 | +0.4% | +0.1% to +0.7% | 50% | — | – |
| below | Day +3 | 1 | -3.1% | -3.1% to -3.1% | 0% | — | – |
| below | Day +5 | 1 | -7.3% | -7.3% to -7.3% | 0% | — | – |
| below | Day +10 | 1 | -10.8% | -10.8% to -10.8% | 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/TIC.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/TIC.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/TIC.json?date=2026-11-13&public_schema=5)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; the 60-session close-versus-max-pain chart, full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).