# VXX: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 17.40 |
| Delta neutral (USD/share) | 17.39 |
| Gamma neutral (USD/share) | 15.74 |
| Gamma max (USD/share) | 19.68 |
| Open interest (contracts) | 353,765 |
| Nearest-expiration max pain (USD/share) | 17.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 19.50 |
| Net gamma exposure | 11,957,623 |
| Confirmed GEX flip (USD/share) | 15.74 |
| Call wall (USD/share) | 20.00 |
| Put wall (USD/share) | 17.50 |
| Put/call open-interest ratio | 0.42 |
| Options catalyst-intensity score (0–100) | 43.0 |
| Options directional score (-100 to +100) | 27.6 |
| IV rank | 81.0 |
| Front ATM IV | +33.6% |
| Front-minus-back IV | -27.8 pp |
| Front expected move | +4.7% |
| Front ATM straddle / spot | +3.3% |
| Front 25-delta risk reversal | -12.2 pp |
| Call OI change, 1 session | -34,164 contracts · -12.1% |
| Put OI change, 1 session | -14,475 contracts · -12.1% |
| Call minus put OI growth, 1 session | -0.0 pp |
| Call OI change, 5 sessions | +29,608 contracts · +13.5% |
| Put OI change, 5 sessions | +3,368 contracts · +3.3% |
| Call minus put OI growth, 5 sessions | +10.2 pp |
| Daily call OI change surprise | -1.28σ (250 prior changes) |
| Daily put OI change surprise | -0.98σ (250 prior changes) |
| Daily call-minus-put growth surprise | -0.02σ (250 prior changes) |
| Daily open interest change (contracts) | -48,639 |
| Daily open interest change z-score (prior 252) | -1.24σ (252 prior changes) |
| Gamma max distance from close | +13.1% |
| Delta neutral distance from close | -0.0% |
| Prior-year sessions closer to gamma max | 62.7% of 252 |
| Prior-year sessions closer to delta neutral | 0.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 2 | -6.9% | -10.6% to -3.2% | 50% | — | – |
| above | Day +3 | 2 | -15.8% | -20.2% to -11.3% | 0% | — | – |
| above | Day +5 | 2 | -10.5% | -15.7% to -5.4% | 0% | — | – |
| above | Day +10 | 2 | -19.6% | -20.7% to -18.5% | 0% | — | – |
| below | Day +1 | 0 | – | – to – | — | — | – |
| below | Day +3 | 0 | – | – to – | — | — | – |
| below | Day +5 | 0 | – | – to – | — | — | – |
| below | Day +10 | 0 | – | – to – | — | — | – |

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