# XOP: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 184.93 |
| Delta neutral (USD/share) | 186.43 |
| Gamma neutral (USD/share) | 199.62 |
| Gamma max (USD/share) | 215.16 |
| Open interest (contracts) | 385,309 |
| Nearest-expiration max pain (USD/share) | 188.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 175.00 |
| Net gamma exposure | -23,025,502 |
| Confirmed GEX flip (USD/share) | 199.62 |
| Call wall (USD/share) | 185.00 |
| Put wall (USD/share) | 175.00 |
| Put/call open-interest ratio | 2.63 |
| Options catalyst-intensity score (0–100) | 47.8 |
| Options directional score (-100 to +100) | -22.0 |
| IV rank | 85.8 |
| Front ATM IV | +35.1% |
| Front-minus-back IV | 1.1 pp |
| Front expected move | +4.9% |
| Front ATM straddle / spot | +3.4% |
| Front 25-delta risk reversal | -0.9 pp |
| Call OI change, 1 session | -5,601 contracts · -5.0% |
| Put OI change, 1 session | -3,317 contracts · -1.2% |
| Call minus put OI growth, 1 session | -3.8 pp |
| Call OI change, 5 sessions | +4,964 contracts · +4.9% |
| Put OI change, 5 sessions | -2,078 contracts · -0.7% |
| Call minus put OI growth, 5 sessions | +5.6 pp |
| Daily call OI change surprise | -0.56σ (252 prior changes) |
| Daily put OI change surprise | -0.16σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.71σ (252 prior changes) |
| Daily open interest change (contracts) | -8,918 |
| Daily open interest change z-score (prior 252) | -0.30σ (252 prior changes) |
| Gamma max distance from close | +16.3% |
| Delta neutral distance from close | +0.8% |
| Prior-year sessions closer to gamma max | 70.6% of 252 |
| Prior-year sessions closer to delta neutral | 13.9% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 13 | -0.6% | -1.5% to +1.0% | 46% | -1.5% to +1.0% | 0.0% |
| above | Day +3 | 13 | -0.8% | -1.9% to -0.0% | 23% | -1.9% to -0.0% | -0.0% |
| above | Day +5 | 13 | -0.3% | -1.1% to +3.4% | 46% | -1.1% to +3.4% | 0.0% |
| above | Day +10 | 13 | +3.2% | -5.4% to +5.1% | 62% | -5.4% to +5.1% | 0.0% |
| below | Day +1 | 12 | +0.7% | -1.3% to +1.7% | 67% | -2.1% to +1.8% | 0.0% |
| below | Day +3 | 12 | +0.6% | -1.7% to +2.4% | 50% | -2.2% to +2.7% | 0.0% |
| below | Day +5 | 12 | +1.3% | -0.8% to +3.6% | 67% | -2.1% to +3.6% | 0.0% |
| below | Day +10 | 12 | +0.2% | -6.1% to +6.1% | 50% | -7.3% to +6.2% | 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/XOP.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/XOP.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/XOP.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).