# USAR: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 13.59 |
| Delta neutral (USD/share) | 15.14 |
| Gamma neutral (USD/share) | 14.36 |
| Gamma max (USD/share) | 19.78 |
| Open interest (contracts) | 462,713 |
| Nearest-expiration max pain (USD/share) | 16.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 17.00 |
| Net gamma exposure | -2,010,506 |
| Confirmed GEX flip (USD/share) | 14.36 |
| Call wall (USD/share) | 20.00 |
| Put wall (USD/share) | 15.00 |
| Put/call open-interest ratio | 0.57 |
| Options catalyst-intensity score (0–100) | 45.3 |
| Options directional score (-100 to +100) | 14.7 |
| IV rank | 100.0 |
| Front ATM IV | +61.3% |
| Front-minus-back IV | -14.8 pp |
| Front expected move | +8.5% |
| Front ATM straddle / spot | +6.1% |
| Front 25-delta risk reversal | -4.5 pp |
| Call OI change, 1 session | -23,297 contracts · -7.3% |
| Put OI change, 1 session | -7,104 contracts · -4.0% |
| Call minus put OI growth, 1 session | -3.3 pp |
| Call OI change, 5 sessions | +8,339 contracts · +2.9% |
| Put OI change, 5 sessions | +8,959 contracts · +5.6% |
| Call minus put OI growth, 5 sessions | -2.7 pp |
| Daily call OI change surprise | -0.98σ (252 prior changes) |
| Daily put OI change surprise | -0.50σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.56σ (252 prior changes) |
| Daily open interest change (contracts) | -30,401 |
| Daily open interest change z-score (prior 252) | -0.82σ (252 prior changes) |
| Gamma max distance from close | +45.5% |
| Delta neutral distance from close | +11.4% |
| Prior-year sessions closer to gamma max | 97.6% of 252 |
| Prior-year sessions closer to delta neutral | 60.7% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 12 | -0.7% | -8.3% to +8.4% | 50% | -9.1% to +9.1% | 0.0% |
| above | Day +3 | 12 | -0.7% | -7.7% to +21.8% | 42% | -8.3% to +24.5% | 0.0% |
| above | Day +5 | 12 | -3.9% | -8.9% to +11.4% | 42% | -11.3% to +16.6% | 0.0% |
| above | Day +10 | 12 | -3.9% | -21.6% to +15.4% | 50% | -22.6% to +23.3% | 0.0% |
| below | Day +1 | 13 | +2.2% | -3.1% to +7.4% | 54% | -3.1% to +7.4% | 0.0% |
| below | Day +3 | 13 | -2.8% | -7.6% to +3.3% | 38% | -7.6% to +3.3% | 0.0% |
| below | Day +5 | 13 | -1.0% | -11.5% to +6.3% | 38% | -11.5% to +6.3% | 0.0% |
| below | Day +10 | 13 | -5.5% | -7.8% to +14.2% | 46% | -7.8% to +14.2% | 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/USAR.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/USAR.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/USAR.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).