# WMT: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 104.26 |
| Delta neutral (USD/share) | 105.97 |
| Gamma neutral (USD/share) | 104.30 |
| Gamma max (USD/share) | 114.00 |
| Open interest (contracts) | 1,038,039 |
| Nearest-expiration max pain (USD/share) | 106.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 106.00 |
| Net gamma exposure | -423,740 |
| Confirmed GEX flip (USD/share) | 104.30 |
| Call wall (USD/share) | 110.00 |
| Put wall (USD/share) | 105.00 |
| Put/call open-interest ratio | 0.77 |
| Options catalyst-intensity score (0–100) | 40.6 |
| Options directional score (-100 to +100) | -9.9 |
| IV rank | 38.1 |
| Front ATM IV | +24.1% |
| Front-minus-back IV | -5.5 pp |
| Front expected move | +3.3% |
| Front ATM straddle / spot | +2.3% |
| Front 25-delta risk reversal | 1.1 pp |
| Call OI change, 1 session | -46,875 contracts · -7.4% |
| Put OI change, 1 session | -12,016 contracts · -2.6% |
| Call minus put OI growth, 1 session | -4.8 pp |
| Call OI change, 5 sessions | +28,419 contracts · +5.1% |
| Put OI change, 5 sessions | +27,470 contracts · +6.5% |
| Call minus put OI growth, 5 sessions | -1.4 pp |
| Daily call OI change surprise | -1.41σ (252 prior changes) |
| Daily put OI change surprise | -0.37σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.60σ (252 prior changes) |
| Daily open interest change (contracts) | -58,891 |
| Daily open interest change z-score (prior 252) | -0.93σ (252 prior changes) |
| Gamma max distance from close | +9.3% |
| Delta neutral distance from close | +1.6% |
| Prior-year sessions closer to gamma max | 77.8% of 252 |
| Prior-year sessions closer to delta neutral | 26.6% 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 | +0.6% | +0.3% to +1.0% | 80% | +0.2% to +1.0% | +0.2% |
| above | Day +3 | 15 | +0.8% | -0.6% to +1.7% | 67% | -0.7% to +2.3% | 0.0% |
| above | Day +5 | 15 | +0.6% | -0.7% to +2.4% | 53% | -0.7% to +2.8% | 0.0% |
| above | Day +10 | 15 | +1.9% | -0.1% to +4.2% | 73% | -0.4% to +4.9% | 0.0% |
| below | Day +1 | 15 | +0.3% | -0.5% to +1.0% | 60% | -0.6% to +1.1% | 0.0% |
| below | Day +3 | 15 | +0.4% | +0.0% to +1.6% | 73% | -0.1% to +1.7% | 0.0% |
| below | Day +5 | 15 | +0.6% | -0.7% to +1.4% | 60% | -1.0% to +2.1% | 0.0% |
| below | Day +10 | 15 | +0.2% | -0.4% to +3.5% | 53% | -0.5% to +5.5% | 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/WMT.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/WMT.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/WMT.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).