# XLK: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 199.81 |
| Delta neutral (USD/share) | 188.48 |
| Gamma neutral (USD/share) | 193.48 |
| Gamma max (USD/share) | 205.34 |
| Open interest (contracts) | 727,118 |
| Nearest-expiration max pain (USD/share) | 190.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 177.00 |
| Net gamma exposure | 12,789,800 |
| Confirmed GEX flip (USD/share) | 193.48 |
| Call wall (USD/share) | 200.00 |
| Put wall (USD/share) | 180.00 |
| Put/call open-interest ratio | 1.75 |
| Options catalyst-intensity score (0–100) | 52.5 |
| Options directional score (-100 to +100) | -36.2 |
| IV rank | 94.4 |
| Front ATM IV | +25.0% |
| Front-minus-back IV | -2.0 pp |
| Front expected move | +3.5% |
| Front ATM straddle / spot | +2.3% |
| Front 25-delta risk reversal | 3.1 pp |
| Call OI change, 1 session | -8,667 contracts · -3.2% |
| Put OI change, 1 session | -43,516 contracts · -8.6% |
| Call minus put OI growth, 1 session | +5.4 pp |
| Call OI change, 5 sessions | +4,931 contracts · +1.9% |
| Put OI change, 5 sessions | +26,539 contracts · +6.1% |
| Call minus put OI growth, 5 sessions | -4.2 pp |
| Daily call OI change surprise | -0.38σ (252 prior changes) |
| Daily put OI change surprise | -1.18σ (252 prior changes) |
| Daily call-minus-put growth surprise | +1.53σ (252 prior changes) |
| Daily open interest change (contracts) | -52,183 |
| Daily open interest change z-score (prior 252) | -0.89σ (252 prior changes) |
| Gamma max distance from close | +2.8% |
| Delta neutral distance from close | -5.7% |
| Prior-year sessions closer to gamma max | 15.5% of 252 |
| Prior-year sessions closer to delta neutral | 68.3% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 8 | +0.3% | -0.3% to +1.0% | 50% | -0.3% to +1.0% | 0.0% |
| above | Day +3 | 8 | +1.3% | -0.2% to +1.6% | 75% | -1.7% to +1.8% | 0.0% |
| above | Day +5 | 8 | +0.2% | -1.4% to +1.4% | 50% | -3.1% to +2.1% | 0.0% |
| above | Day +10 | 8 | +0.4% | -1.8% to +1.6% | 63% | -2.7% to +3.6% | 0.0% |
| below | Day +1 | 7 | +0.1% | -0.7% to +0.4% | 57% | -0.9% to +1.3% | 0.0% |
| below | Day +3 | 7 | -0.2% | -1.0% to +0.5% | 29% | -1.6% to +2.4% | 0.0% |
| below | Day +5 | 7 | +0.6% | -1.7% to +1.1% | 57% | -4.0% to +3.8% | 0.0% |
| below | Day +10 | 7 | +0.7% | -1.3% to +1.5% | 71% | -3.9% to +4.9% | 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/XLK.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/XLK.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/XLK.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).