# XLE: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 62.95 |
| Delta neutral (USD/share) | 60.77 |
| Gamma neutral (USD/share) | 64.34 |
| Gamma max (USD/share) | 69.11 |
| Open interest (contracts) | 3,820,379 |
| Nearest-expiration max pain (USD/share) | 62.00 (2026-10-05) |
| All-expiration max pain (USD/share) | 60.00 |
| Net gamma exposure | -79,174,861 |
| Confirmed GEX flip (USD/share) | 64.34 |
| Call wall (USD/share) | 65.00 |
| Put wall (USD/share) | 60.00 |
| Put/call open-interest ratio | 1.72 |
| Options catalyst-intensity score (0–100) | 38.7 |
| Options directional score (-100 to +100) | -26.5 |
| IV rank | 15.0 |
| Front ATM IV | +26.5% |
| Front-minus-back IV | -0.7 pp |
| Front expected move | +2.4% |
| Front ATM straddle / spot | +1.2% |
| Front 25-delta risk reversal | 1.0 pp |
| Call OI change, 1 session | -15,679 contracts · -1.1% |
| Put OI change, 1 session | -24,276 contracts · -1.0% |
| Call minus put OI growth, 1 session | -0.1 pp |
| Call OI change, 5 sessions | -28,476 contracts · -2.0% |
| Put OI change, 5 sessions | +66,869 contracts · +2.8% |
| Call minus put OI growth, 5 sessions | -4.8 pp |
| Daily call OI change surprise | -0.15σ (252 prior changes) |
| Daily put OI change surprise | -0.14σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.09σ (252 prior changes) |
| Daily open interest change (contracts) | -39,955 |
| Daily open interest change z-score (prior 252) | -0.14σ (252 prior changes) |
| Gamma max distance from close | +9.8% |
| Delta neutral distance from close | -3.5% |
| Prior-year sessions closer to gamma max | 73.0% of 252 |
| Prior-year sessions closer to delta neutral | 48.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 16 | +0.2% | -0.6% to +0.8% | 63% | -0.5% to +0.7% | 0.0% |
| above | Day +3 | 16 | +1.7% | -0.7% to +2.7% | 69% | -0.4% to +2.7% | 0.0% |
| above | Day +5 | 16 | +1.5% | +0.6% to +3.1% | 88% | +0.6% to +3.1% | +0.6% |
| above | Day +10 | 16 | +1.9% | -0.1% to +4.9% | 75% | +0.1% to +4.1% | +0.1% |
| below | Day +1 | 16 | +0.0% | -0.2% to +0.9% | 50% | -0.2% to +0.7% | 0.0% |
| below | Day +3 | 16 | +1.2% | -0.3% to +2.3% | 69% | -0.2% to +2.3% | 0.0% |
| below | Day +5 | 16 | +0.9% | -0.6% to +2.9% | 63% | -0.6% to +2.9% | 0.0% |
| below | Day +10 | 16 | +3.3% | -0.6% to +4.7% | 75% | +0.2% to +4.7% | +0.2% |

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