# UAL: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 112.51 |
| Delta neutral (USD/share) | 107.60 |
| Gamma neutral (USD/share) | 101.62 |
| Gamma max (USD/share) | 124.03 |
| Open interest (contracts) | 367,782 |
| Nearest-expiration max pain (USD/share) | 109.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 108.00 |
| Net gamma exposure | 20,827,166 |
| Confirmed GEX flip (USD/share) | 101.62 |
| Call wall (USD/share) | 120.00 |
| Put wall (USD/share) | 105.00 |
| Put/call open-interest ratio | 0.79 |
| Options catalyst-intensity score (0–100) | 63.1 |
| Options directional score (-100 to +100) | -21.8 |
| IV rank | 73.3 |
| Front ATM IV | +64.6% |
| Front-minus-back IV | 14.9 pp |
| Front expected move | +8.9% |
| Front ATM straddle / spot | +6.8% |
| Front 25-delta risk reversal | 4.8 pp |
| Call OI change, 1 session | -7,124 contracts · -3.3% |
| Put OI change, 1 session | -4,654 contracts · -2.8% |
| Call minus put OI growth, 1 session | -0.6 pp |
| Call OI change, 5 sessions | +4,724 contracts · +2.4% |
| Put OI change, 5 sessions | +3,937 contracts · +2.5% |
| Call minus put OI growth, 5 sessions | -0.1 pp |
| Daily call OI change surprise | -0.29σ (252 prior changes) |
| Daily put OI change surprise | -0.33σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.14σ (252 prior changes) |
| Daily open interest change (contracts) | -11,778 |
| Daily open interest change z-score (prior 252) | -0.34σ (252 prior changes) |
| Gamma max distance from close | +10.2% |
| Delta neutral distance from close | -4.4% |
| Prior-year sessions closer to gamma max | 53.2% of 252 |
| Prior-year sessions closer to delta neutral | 41.7% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 34 | -0.2% | -2.2% to +1.2% | 44% | -1.9% to +0.7% | 0.0% |
| above | Day +3 | 34 | -0.8% | -3.8% to +0.5% | 32% | -3.0% to -0.2% | -0.2% |
| above | Day +5 | 34 | -0.9% | -4.8% to +2.0% | 41% | -3.7% to +0.9% | 0.0% |
| above | Day +10 | 34 | -2.2% | -6.6% to +1.6% | 29% | -6.2% to -0.3% | -0.3% |
| below | Day +1 | 33 | -0.1% | -1.0% to +1.8% | 48% | -0.6% to +1.4% | 0.0% |
| below | Day +3 | 33 | -0.4% | -2.3% to +2.3% | 48% | -1.3% to +1.6% | 0.0% |
| below | Day +5 | 33 | -1.9% | -5.2% to +2.9% | 42% | -4.6% to +1.9% | 0.0% |
| below | Day +10 | 33 | -1.8% | -4.9% to +4.0% | 42% | -4.4% to +2.3% | 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/UAL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/UAL.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/UAL.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).