# W: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 101.25 |
| Delta neutral (USD/share) | 95.67 |
| Gamma neutral (USD/share) | 102.77 |
| Gamma max (USD/share) | 118.86 |
| Open interest (contracts) | 194,344 |
| Nearest-expiration max pain (USD/share) | 101.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 100.00 |
| Net gamma exposure | -520,859 |
| Confirmed GEX flip (USD/share) | 102.77 |
| Call wall (USD/share) | 105.00 |
| Put wall (USD/share) | 100.00 |
| Put/call open-interest ratio | 1.31 |
| Options catalyst-intensity score (0–100) | 38.0 |
| Options directional score (-100 to +100) | -34.7 |
| IV rank | 62.6 |
| Front ATM IV | +59.1% |
| Front-minus-back IV | -13.1 pp |
| Front expected move | +8.2% |
| Front ATM straddle / spot | +6.1% |
| Front 25-delta risk reversal | 5.6 pp |
| Call OI change, 1 session | -2,187 contracts · -2.5% |
| Put OI change, 1 session | -1,156 contracts · -1.0% |
| Call minus put OI growth, 1 session | -1.5 pp |
| Call OI change, 5 sessions | +3,046 contracts · +3.8% |
| Put OI change, 5 sessions | +2,449 contracts · +2.3% |
| Call minus put OI growth, 5 sessions | +1.5 pp |
| Daily call OI change surprise | -0.30σ (252 prior changes) |
| Daily put OI change surprise | -0.14σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.34σ (252 prior changes) |
| Daily open interest change (contracts) | -3,343 |
| Daily open interest change z-score (prior 252) | -0.23σ (252 prior changes) |
| Gamma max distance from close | +17.4% |
| Delta neutral distance from close | -5.5% |
| Prior-year sessions closer to gamma max | 69.4% of 252 |
| Prior-year sessions closer to delta neutral | 29.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 13 | -2.7% | -3.0% to +0.5% | 38% | -3.0% to +0.5% | 0.0% |
| above | Day +3 | 13 | -2.4% | -6.4% to +4.8% | 38% | -6.4% to +4.8% | 0.0% |
| above | Day +5 | 13 | +2.3% | -5.9% to +4.2% | 62% | -5.9% to +4.2% | 0.0% |
| above | Day +10 | 13 | +2.7% | -14.6% to +4.9% | 62% | -14.6% to +4.9% | 0.0% |
| below | Day +1 | 13 | -1.2% | -3.1% to +0.5% | 38% | -3.1% to +0.5% | 0.0% |
| below | Day +3 | 13 | +0.5% | -0.4% to +6.1% | 62% | -0.4% to +6.1% | 0.0% |
| below | Day +5 | 13 | +1.5% | -2.7% to +7.9% | 62% | -2.7% to +7.9% | 0.0% |
| below | Day +10 | 13 | +1.2% | -0.6% to +7.8% | 69% | -0.6% to +7.8% | 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/W.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/W.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/W.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).