# TRIP: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 8.51 |
| Delta neutral (USD/share) | 9.60 |
| Gamma neutral (USD/share) | 10.73 |
| Gamma max (USD/share) | 14.81 |
| Open interest (contracts) | 317,033 |
| Nearest-expiration max pain (USD/share) | 2.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 10.00 |
| Net gamma exposure | -4,903,298 |
| Confirmed GEX flip (USD/share) | 10.73 |
| Call wall (USD/share) | 9.00 |
| Put wall (USD/share) | 8.00 |
| Put/call open-interest ratio | 0.97 |
| Options catalyst-intensity score (0–100) | 62.5 |
| Options directional score (-100 to +100) | -5.5 |
| IV rank | 100.0 |
| Front ATM IV | +54.6% |
| Front-minus-back IV | 7.7 pp |
| Front expected move | +7.6% |
| Front ATM straddle / spot | +5.6% |
| Front 25-delta risk reversal | -2.7 pp |
| Call OI change, 1 session | -3,800 contracts · -2.3% |
| Put OI change, 1 session | -362 contracts · -0.2% |
| Call minus put OI growth, 1 session | -2.1 pp |
| Call OI change, 5 sessions | +632 contracts · +0.4% |
| Put OI change, 5 sessions | +13,486 contracts · +9.5% |
| Call minus put OI growth, 5 sessions | -9.1 pp |
| Daily call OI change surprise | -0.78σ (252 prior changes) |
| Daily put OI change surprise | -0.15σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.15σ (252 prior changes) |
| Daily open interest change (contracts) | -4,162 |
| Daily open interest change z-score (prior 252) | -0.52σ (252 prior changes) |
| Gamma max distance from close | +74.0% |
| Delta neutral distance from close | +12.8% |
| Prior-year sessions closer to gamma max | 93.3% of 252 |
| Prior-year sessions closer to delta neutral | 69.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 28 | -0.9% | -3.1% to +1.1% | 39% | -2.9% to +0.2% | 0.0% |
| above | Day +3 | 28 | +0.5% | -1.8% to +2.2% | 57% | -1.0% to +1.3% | 0.0% |
| above | Day +5 | 28 | -0.1% | -2.7% to +6.3% | 50% | -2.2% to +4.1% | 0.0% |
| above | Day +10 | 28 | +0.6% | -2.4% to +9.1% | 54% | -1.4% to +3.8% | 0.0% |
| below | Day +1 | 27 | +0.6% | -0.9% to +2.2% | 56% | -0.7% to +1.7% | 0.0% |
| below | Day +3 | 27 | +0.8% | -2.2% to +4.5% | 56% | -1.8% to +4.3% | 0.0% |
| below | Day +5 | 27 | +3.4% | -2.7% to +6.0% | 63% | -1.4% to +5.8% | 0.0% |
| below | Day +10 | 27 | +1.4% | -2.4% to +6.3% | 59% | -1.9% to +5.6% | 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/TRIP.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/TRIP.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/TRIP.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).