# BTG: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 5.31 |
| Delta neutral (USD/share) | 3.25 |
| Gamma neutral (USD/share) | 1.11 |
| Gamma max (USD/share) | 5.03 |
| Open interest (contracts) | 527,383 |
| Nearest-expiration max pain (USD/share) | 5.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 3.50 |
| Net gamma exposure | 32,191,652 |
| Confirmed GEX flip (USD/share) | 1.11 |
| Call wall (USD/share) | 5.00 |
| Put wall (USD/share) | 5.00 |
| Put/call open-interest ratio | 0.13 |
| Options catalyst-intensity score (0–100) | 61.8 |
| Options directional score (-100 to +100) | 2.6 |
| IV rank | 100.0 |
| Front-minus-back IV | 4.2 pp |
| Front 25-delta risk reversal | 17.1 pp |
| Call OI change, 1 session | -55,610 contracts · -10.7% |
| Put OI change, 1 session | -11,339 contracts · -15.3% |
| Call minus put OI growth, 1 session | +4.6 pp |
| Call OI change, 5 sessions | -50,916 contracts · -9.9% |
| Put OI change, 5 sessions | -5,621 contracts · -8.2% |
| Call minus put OI growth, 5 sessions | -1.6 pp |
| Daily call OI change surprise | -3.11σ (252 prior changes) |
| Daily put OI change surprise | -1.03σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.72σ (252 prior changes) |
| Daily open interest change (contracts) | -66,949 |
| Daily open interest change z-score (prior 252) | -2.58σ (252 prior changes) |
| Gamma max distance from close | -5.3% |
| Delta neutral distance from close | -38.8% |
| Prior-year sessions closer to gamma max | 45.6% of 252 |
| Prior-year sessions closer to delta neutral | 61.1% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 54 | -0.6% | -2.4% to +2.1% | 43% | -1.5% to +1.2% | 0.0% |
| above | Day +3 | 53 | -1.7% | -4.5% to +1.8% | 34% | -2.9% to -0.8% | -0.8% |
| above | Day +5 | 53 | -0.8% | -4.8% to +2.5% | 40% | -2.9% to +0.6% | 0.0% |
| above | Day +10 | 53 | -4.0% | -6.1% to +2.3% | 40% | -4.9% to +0.4% | 0.0% |
| below | Day +1 | 50 | +0.6% | -0.9% to +2.2% | 54% | -0.5% to +1.7% | 0.0% |
| below | Day +3 | 49 | -0.8% | -2.6% to +3.4% | 47% | -1.3% to +2.1% | 0.0% |
| below | Day +5 | 49 | -1.6% | -4.1% to +2.2% | 41% | -2.8% to +0.6% | 0.0% |
| below | Day +10 | 49 | -1.7% | -7.6% to +2.4% | 39% | -4.5% to +0.4% | 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/BTG.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/BTG.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/BTG.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).