# TLN: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 320.77 |
| Delta neutral (USD/share) | 300.64 |
| Gamma neutral (USD/share) | 283.46 |
| Gamma max (USD/share) | 382.09 |
| Open interest (contracts) | 122,278 |
| Nearest-expiration max pain (USD/share) | 310.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 320.00 |
| Net gamma exposure | 3,116,149 |
| Confirmed GEX flip (USD/share) | 283.46 |
| Call wall (USD/share) | 400.00 |
| Put wall (USD/share) | 310.00 |
| Put/call open-interest ratio | 0.59 |
| Options catalyst-intensity score (0–100) | 53.5 |
| Options directional score (-100 to +100) | -14.3 |
| IV rank | 84.1 |
| Front ATM IV | +55.2% |
| Front-minus-back IV | -1.2 pp |
| Front expected move | +7.7% |
| Front ATM straddle / spot | +6.6% |
| Front 25-delta risk reversal | 6.6 pp |
| Call OI change, 1 session | +606 contracts · +0.8% |
| Put OI change, 1 session | -913 contracts · -2.0% |
| Call minus put OI growth, 1 session | +2.8 pp |
| Call OI change, 5 sessions | +13,867 contracts · +22.0% |
| Put OI change, 5 sessions | +5,604 contracts · +14.1% |
| Call minus put OI growth, 5 sessions | +7.9 pp |
| Daily call OI change surprise | +0.17σ (252 prior changes) |
| Daily put OI change surprise | -0.56σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.68σ (252 prior changes) |
| Daily open interest change (contracts) | -307 |
| Daily open interest change z-score (prior 252) | -0.11σ (252 prior changes) |
| Gamma max distance from close | +19.1% |
| Delta neutral distance from close | -6.3% |
| Prior-year sessions closer to gamma max | 76.2% of 252 |
| Prior-year sessions closer to delta neutral | 34.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 20 | +0.0% | -3.7% to +1.7% | 50% | -3.6% to +1.5% | 0.0% |
| above | Day +3 | 20 | +0.8% | -4.1% to +3.9% | 55% | -3.3% to +3.2% | 0.0% |
| above | Day +5 | 20 | -2.0% | -7.0% to +5.5% | 40% | -6.0% to +5.5% | 0.0% |
| above | Day +10 | 20 | +1.0% | -8.9% to +7.2% | 50% | -8.6% to +7.0% | 0.0% |
| below | Day +1 | 20 | +0.1% | -1.9% to +2.5% | 50% | -1.5% to +2.2% | 0.0% |
| below | Day +3 | 20 | -1.1% | -4.2% to +4.3% | 45% | -4.1% to +4.0% | 0.0% |
| below | Day +5 | 20 | -2.1% | -6.8% to +4.2% | 50% | -6.7% to +3.9% | 0.0% |
| below | Day +10 | 20 | +0.3% | -6.3% to +8.4% | 55% | -5.8% to +8.3% | 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/TLN.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/TLN.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/TLN.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).