# AAOI: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/AAOI
Data through: 2026-10-16 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 75.57 |
| Delta neutral (USD/share) | 90.55 |
| Gamma neutral (USD/share) | 90.22 |
| Gamma max (USD/share) | 127.45 |
| Open interest (contracts) | 349,575 |
| Nearest-expiration max pain (USD/share) | 95.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 100.00 |
| Net gamma exposure | -3,345,391 |
| Confirmed GEX flip (USD/share) | 90.22 |
| Call wall (USD/share) | 100.00 |
| Put wall (USD/share) | 80.00 |
| Put/call open-interest ratio | 0.97 |
| Options catalyst-intensity score (0–100) | 59.0 |
| Options directional score (-100 to +100) | -9.6 |
| IV rank | 100.0 |
| Front-minus-back IV | 6.6 pp |
| Front 25-delta risk reversal | 2.8 pp |
| Call OI change, 1 session | -31,328 contracts · -15.0% |
| Put OI change, 1 session | -17,054 contracts · -9.0% |
| Call minus put OI growth, 1 session | -6.0 pp |
| Call OI change, 5 sessions | +2,856 contracts · +1.6% |
| Put OI change, 5 sessions | +5,825 contracts · +3.5% |
| Call minus put OI growth, 5 sessions | -1.9 pp |
| Daily call OI change surprise | -2.43σ (252 prior changes) |
| Daily put OI change surprise | -0.98σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.59σ (252 prior changes) |
| Daily open interest change (contracts) | -48,382 |
| Daily open interest change z-score (prior 252) | -1.69σ (252 prior changes) |
| Gamma max distance from close | +68.6% |
| Delta neutral distance from close | +19.8% |
| Prior-year sessions closer to gamma max | 99.2% of 252 |
| Prior-year sessions closer to delta neutral | 82.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 40 | -0.2% | -3.1% to +1.7% | 43% | -1.8% to +0.4% | 0.0% |
| above | Day +3 | 40 | -0.1% | -8.1% to +3.5% | 50% | -5.2% to +2.1% | 0.0% |
| above | Day +5 | 40 | +0.8% | -11.8% to +9.7% | 57% | -5.6% to +5.8% | 0.0% |
| above | Day +10 | 40 | +5.3% | -11.5% to +16.5% | 60% | -4.5% to +12.5% | 0.0% |
| below | Day +1 | 38 | -0.9% | -3.6% to +3.1% | 45% | -2.8% to +1.7% | 0.0% |
| below | Day +3 | 38 | -1.2% | -13.3% to +5.8% | 45% | -10.2% to +2.2% | 0.0% |
| below | Day +5 | 38 | -0.0% | -9.1% to +11.7% | 50% | -4.8% to +6.2% | 0.0% |
| below | Day +10 | 38 | -0.1% | -18.2% to +16.9% | 50% | -7.7% to +11.3% | 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/AAOI.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/AAOI.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/AAOI.json?date=2026-10-16&public_schema=4)

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).