# VIAV: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 47.10 |
| Delta neutral (USD/share) | 33.08 |
| Gamma neutral (USD/share) | 30.05 |
| Gamma max (USD/share) | 41.73 |
| Open interest (contracts) | 100,140 |
| Nearest-expiration max pain (USD/share) | 37.00 (2026-10-16) |
| All-expiration max pain (USD/share) | 35.00 |
| Net gamma exposure | 6,007,277 |
| Confirmed GEX flip (USD/share) | 30.05 |
| Call wall (USD/share) | 50.00 |
| Put wall (USD/share) | 35.00 |
| Put/call open-interest ratio | 0.35 |
| Options catalyst-intensity score (0–100) | 62.9 |
| Options directional score (-100 to +100) | 27.3 |
| IV rank | 54.1 |
| Front ATM IV | +75.3% |
| Front-minus-back IV | -7.9 pp |
| Front expected move | +14.8% |
| Front ATM straddle / spot | +12.1% |
| Front 25-delta risk reversal | -8.0 pp |
| Call OI change, 1 session | +1,350 contracts · +1.8% |
| Put OI change, 1 session | +32 contracts · +0.1% |
| Call minus put OI growth, 1 session | +1.7 pp |
| Call OI change, 5 sessions | +9,591 contracts · +14.8% |
| Put OI change, 5 sessions | +289 contracts · +1.1% |
| Call minus put OI growth, 5 sessions | +13.7 pp |
| Daily call OI change surprise | +0.21σ (252 prior changes) |
| Daily put OI change surprise | -0.02σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.27σ (251 prior changes) |
| Daily open interest change (contracts) | 1,382 |
| Daily open interest change z-score (prior 252) | +0.14σ (252 prior changes) |
| Gamma max distance from close | -11.4% |
| Delta neutral distance from close | -29.8% |
| Prior-year sessions closer to gamma max | 61.5% of 252 |
| Prior-year sessions closer to delta neutral | 73.8% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 50 | +0.2% | -0.5% to +1.1% | 58% | -0.2% to +0.7% | 0.0% |
| above | Day +3 | 50 | +0.7% | -1.0% to +2.3% | 66% | +0.1% to +1.0% | +0.1% |
| above | Day +5 | 49 | +1.1% | -2.5% to +3.0% | 59% | -1.3% to +2.5% | 0.0% |
| above | Day +10 | 49 | +1.6% | -1.8% to +6.3% | 63% | +0.2% to +4.4% | +0.2% |
| below | Day +1 | 49 | +0.6% | -0.7% to +1.9% | 57% | -0.3% to +1.0% | 0.0% |
| below | Day +3 | 49 | +0.3% | -1.3% to +2.5% | 57% | -0.1% to +1.5% | 0.0% |
| below | Day +5 | 49 | +0.3% | -2.9% to +3.9% | 55% | -0.3% to +2.4% | 0.0% |
| below | Day +10 | 49 | +2.2% | -1.6% to +7.4% | 67% | +0.6% to +5.1% | +0.6% |

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/VIAV.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/VIAV.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/VIAV.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).