# XP: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 21.50 |
| Delta neutral (USD/share) | 14.54 |
| Gamma neutral (USD/share) | 10.16 |
| Gamma max (USD/share) | 21.92 |
| Open interest (contracts) | 808,995 |
| Nearest-expiration max pain (USD/share) | 19.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 17.00 |
| Net gamma exposure | 95,743,246 |
| Confirmed GEX flip (USD/share) | 10.16 |
| Call wall (USD/share) | 25.00 |
| Put wall (USD/share) | 20.00 |
| Put/call open-interest ratio | 0.07 |
| Options catalyst-intensity score (0–100) | 86.2 |
| Options directional score (-100 to +100) | 39.1 |
| IV rank | 100.0 |
| Front ATM IV | +110.3% |
| Front-minus-back IV | 42.2 pp |
| Front expected move | +15.3% |
| Front ATM straddle / spot | +10.3% |
| Front 25-delta risk reversal | -12.4 pp |
| Call OI change, 1 session | -2,408 contracts · -0.3% |
| Put OI change, 1 session | -763 contracts · -1.5% |
| Call minus put OI growth, 1 session | +1.1 pp |
| Call OI change, 5 sessions | +37,383 contracts · +5.2% |
| Put OI change, 5 sessions | +5,614 contracts · +12.2% |
| Call minus put OI growth, 5 sessions | -7.0 pp |
| Daily call OI change surprise | -0.26σ (252 prior changes) |
| Daily put OI change surprise | -0.10σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.09σ (252 prior changes) |
| Daily open interest change (contracts) | -3,171 |
| Daily open interest change z-score (prior 252) | -0.26σ (252 prior changes) |
| Gamma max distance from close | +2.0% |
| Delta neutral distance from close | -32.4% |
| Prior-year sessions closer to gamma max | 11.5% of 252 |
| Prior-year sessions closer to delta neutral | 46.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 25 | +0.2% | -1.3% to +2.9% | 60% | -1.0% to +2.7% | 0.0% |
| above | Day +3 | 25 | +2.4% | -1.9% to +5.2% | 68% | -0.8% to +5.2% | 0.0% |
| above | Day +5 | 25 | +2.3% | -3.7% to +6.3% | 68% | -3.4% to +5.9% | 0.0% |
| above | Day +10 | 25 | -0.7% | -3.9% to +7.0% | 48% | -3.7% to +5.0% | 0.0% |
| below | Day +1 | 21 | +1.0% | -0.7% to +2.2% | 62% | -0.5% to +1.8% | 0.0% |
| below | Day +3 | 21 | +0.9% | -2.4% to +4.4% | 62% | -1.9% to +3.8% | 0.0% |
| below | Day +5 | 21 | +0.4% | -3.7% to +4.1% | 57% | -2.4% to +3.4% | 0.0% |
| below | Day +10 | 21 | -0.2% | -8.2% to +9.3% | 48% | -7.7% to +7.5% | 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/XP.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/XP.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/XP.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).