# WFC: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 80.45 |
| Delta neutral (USD/share) | 84.28 |
| Gamma neutral (USD/share) | 85.50 |
| Gamma max (USD/share) | 95.51 |
| Open interest (contracts) | 1,157,745 |
| Nearest-expiration max pain (USD/share) | 81.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 82.50 |
| Net gamma exposure | -59,943,762 |
| Confirmed GEX flip (USD/share) | 85.50 |
| Call wall (USD/share) | 85.00 |
| Put wall (USD/share) | 80.00 |
| Put/call open-interest ratio | 1.45 |
| Options catalyst-intensity score (0–100) | 37.5 |
| Options directional score (-100 to +100) | -20.5 |
| IV rank | 30.8 |
| Front ATM IV | +26.3% |
| Front-minus-back IV | -3.4 pp |
| Front expected move | +3.6% |
| Front ATM straddle / spot | +2.9% |
| Front 25-delta risk reversal | -0.3 pp |
| Call OI change, 1 session | -8,995 contracts · -1.9% |
| Put OI change, 1 session | -14,628 contracts · -2.1% |
| Call minus put OI growth, 1 session | +0.2 pp |
| Call OI change, 5 sessions | +19,374 contracts · +4.3% |
| Put OI change, 5 sessions | +23,422 contracts · +3.5% |
| Call minus put OI growth, 5 sessions | +0.7 pp |
| Daily call OI change surprise | -0.31σ (252 prior changes) |
| Daily put OI change surprise | -0.51σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.13σ (252 prior changes) |
| Daily open interest change (contracts) | -23,623 |
| Daily open interest change z-score (prior 252) | -0.42σ (252 prior changes) |
| Gamma max distance from close | +18.7% |
| Delta neutral distance from close | +4.8% |
| Prior-year sessions closer to gamma max | 93.7% of 252 |
| Prior-year sessions closer to delta neutral | 58.7% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 31 | -0.2% | -1.3% to +1.0% | 39% | -0.7% to +0.2% | 0.0% |
| above | Day +3 | 31 | -0.1% | -1.3% to +1.2% | 45% | -1.0% to +0.7% | 0.0% |
| above | Day +5 | 31 | 0.0% | -2.0% to +1.8% | 48% | -1.2% to +1.1% | 0.0% |
| above | Day +10 | 31 | -1.1% | -2.8% to +1.5% | 45% | -2.6% to +1.3% | 0.0% |
| below | Day +1 | 31 | +0.2% | -0.9% to +1.5% | 58% | -0.4% to +1.0% | 0.0% |
| below | Day +3 | 31 | +0.5% | -1.8% to +1.8% | 55% | -0.7% to +1.1% | 0.0% |
| below | Day +5 | 31 | +0.4% | -1.7% to +1.6% | 58% | -0.9% to +1.1% | 0.0% |
| below | Day +10 | 31 | -0.0% | -3.0% to +2.8% | 48% | -2.1% to +1.5% | 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/WFC.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/WFC.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/WFC.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).