# WBD: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 30.94 |
| Delta neutral (USD/share) | 30.41 |
| Gamma neutral (USD/share) | 23.36 |
| Gamma max (USD/share) | 30.94 |
| Open interest (contracts) | 2,734,241 |
| Nearest-expiration max pain (USD/share) | 29.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 27.00 |
| Net gamma exposure | 229,259,525 |
| Confirmed GEX flip (USD/share) | 23.36 |
| Call wall (USD/share) | 31.00 |
| Put wall (USD/share) | 25.00 |
| Put/call open-interest ratio | 2.87 |
| Options catalyst-intensity score (0–100) | 50.7 |
| Options directional score (-100 to +100) | -44.8 |
| IV rank | 30.7 |
| Front ATM IV | +25.1% |
| Front-minus-back IV | 0.3 pp |
| Front expected move | +3.5% |
| Front ATM straddle / spot | +1.8% |
| Front 25-delta risk reversal | 13.2 pp |
| Call OI change, 1 session | -48,117 contracts · -6.4% |
| Put OI change, 1 session | -99,155 contracts · -4.7% |
| Call minus put OI growth, 1 session | -1.7 pp |
| Call OI change, 5 sessions | -42,676 contracts · -5.7% |
| Put OI change, 5 sessions | -8,963 contracts · -0.4% |
| Call minus put OI growth, 5 sessions | -5.3 pp |
| Daily call OI change surprise | -0.65σ (252 prior changes) |
| Daily put OI change surprise | -1.53σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.34σ (252 prior changes) |
| Daily open interest change (contracts) | -147,272 |
| Daily open interest change z-score (prior 252) | -1.12σ (252 prior changes) |
| Gamma max distance from close | +0.0% |
| Delta neutral distance from close | -1.7% |
| Prior-year sessions closer to gamma max | 0.0% of 252 |
| Prior-year sessions closer to delta neutral | 17.1% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 15 | +0.7% | -1.6% to +1.5% | 53% | -1.9% to +1.5% | 0.0% |
| above | Day +3 | 15 | +0.3% | -2.3% to +1.9% | 53% | -2.6% to +2.2% | 0.0% |
| above | Day +5 | 15 | +2.0% | -1.7% to +3.5% | 67% | -3.1% to +3.7% | 0.0% |
| above | Day +10 | 15 | +4.2% | -3.5% to +6.6% | 67% | -4.0% to +6.8% | 0.0% |
| below | Day +1 | 12 | +0.2% | -1.3% to +1.5% | 50% | -2.4% to +1.6% | 0.0% |
| below | Day +3 | 12 | +0.6% | -2.4% to +1.9% | 58% | -3.7% to +2.8% | 0.0% |
| below | Day +5 | 12 | +1.9% | +0.0% to +3.5% | 75% | -1.2% to +3.8% | 0.0% |
| below | Day +10 | 12 | +3.5% | -0.8% to +6.6% | 67% | -2.3% to +7.2% | 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/WBD.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/WBD.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/WBD.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).