# XLY: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 110.04 |
| Delta neutral (USD/share) | 115.73 |
| Gamma neutral (USD/share) | 124.78 |
| Gamma max (USD/share) | 136.87 |
| Open interest (contracts) | 433,117 |
| Nearest-expiration max pain (USD/share) | 108.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 115.00 |
| Net gamma exposure | -36,338,320 |
| Confirmed GEX flip (USD/share) | 124.78 |
| Call wall (USD/share) | 115.00 |
| Put wall (USD/share) | 107.50 |
| Put/call open-interest ratio | 2.02 |
| Options catalyst-intensity score (0–100) | 51.7 |
| Options directional score (-100 to +100) | -4.4 |
| IV rank | 84.9 |
| Front ATM IV | +25.6% |
| Front-minus-back IV | 4.2 pp |
| Front expected move | +3.5% |
| Front ATM straddle / spot | +2.3% |
| Front 25-delta risk reversal | -58.0 pp |
| Call OI change, 1 session | -174 contracts · -0.1% |
| Put OI change, 1 session | +4,081 contracts · +1.4% |
| Call minus put OI growth, 1 session | -1.5 pp |
| Call OI change, 5 sessions | +8,597 contracts · +6.4% |
| Put OI change, 5 sessions | +9,189 contracts · +3.3% |
| Call minus put OI growth, 5 sessions | +3.1 pp |
| Daily call OI change surprise | -0.04σ (252 prior changes) |
| Daily put OI change surprise | +0.15σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.42σ (252 prior changes) |
| Daily open interest change (contracts) | 3,907 |
| Daily open interest change z-score (prior 252) | +0.09σ (252 prior changes) |
| Gamma max distance from close | +24.4% |
| Delta neutral distance from close | +5.2% |
| Prior-year sessions closer to gamma max | 49.2% of 252 |
| Prior-year sessions closer to delta neutral | 71.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 9 | +0.8% | -0.0% to +1.3% | 56% | -1.0% to +1.6% | 0.0% |
| above | Day +3 | 9 | +1.5% | -0.4% to +1.7% | 67% | -1.4% to +2.0% | 0.0% |
| above | Day +5 | 9 | +0.9% | -1.4% to +2.4% | 56% | -1.8% to +3.5% | 0.0% |
| above | Day +10 | 9 | +1.1% | -0.3% to +2.0% | 56% | -0.7% to +6.4% | 0.0% |
| below | Day +1 | 9 | +0.4% | -0.6% to +0.9% | 67% | -1.1% to +1.2% | 0.0% |
| below | Day +3 | 9 | +0.8% | -0.8% to +1.2% | 67% | -1.1% to +1.4% | 0.0% |
| below | Day +5 | 9 | +0.7% | -1.1% to +1.5% | 67% | -1.7% to +2.0% | 0.0% |
| below | Day +10 | 9 | +0.5% | -0.5% to +3.0% | 56% | -1.2% to +6.4% | 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/XLY.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/XLY.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/XLY.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).