# DVN: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 50.73 |
| Delta neutral (USD/share) | 43.76 |
| Gamma neutral (USD/share) | 38.77 |
| Gamma max (USD/share) | 50.67 |
| Open interest (contracts) | 395,670 |
| Nearest-expiration max pain (USD/share) | 47.50 (2026-10-23) |
| All-expiration max pain (USD/share) | 45.00 |
| Net gamma exposure | 40,771,834 |
| Confirmed GEX flip (USD/share) | 38.77 |
| Call wall (USD/share) | 50.00 |
| Put wall (USD/share) | 47.50 |
| Put/call open-interest ratio | 0.52 |
| Options catalyst-intensity score (0–100) | 51.1 |
| Options directional score (-100 to +100) | 5.7 |
| IV rank | 90.4 |
| Front-minus-back IV | 2.5 pp |
| Front 25-delta risk reversal | 2.3 pp |
| Call OI change, 1 session | -61,021 contracts · -19.0% |
| Put OI change, 1 session | -35,593 contracts · -20.7% |
| Call minus put OI growth, 1 session | +1.7 pp |
| Call OI change, 5 sessions | -51,128 contracts · -16.5% |
| Put OI change, 5 sessions | -26,789 contracts · -16.4% |
| Call minus put OI growth, 5 sessions | -0.0 pp |
| Daily call OI change surprise | -2.66σ (252 prior changes) |
| Daily put OI change surprise | -3.71σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.33σ (252 prior changes) |
| Daily open interest change (contracts) | -96,614 |
| Daily open interest change z-score (prior 252) | -3.20σ (252 prior changes) |
| Gamma max distance from close | -0.1% |
| Delta neutral distance from close | -13.7% |
| Prior-year sessions closer to gamma max | 0.8% of 252 |
| Prior-year sessions closer to delta neutral | 79.8% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 43 | +0.1% | -0.5% to +1.4% | 51% | -0.2% to +1.1% | 0.0% |
| above | Day +3 | 43 | +0.2% | -2.7% to +1.8% | 51% | -2.0% to +0.7% | 0.0% |
| above | Day +5 | 43 | +1.4% | -2.0% to +3.7% | 63% | -0.1% to +2.6% | 0.0% |
| above | Day +10 | 43 | -1.0% | -4.7% to +2.8% | 44% | -2.1% to +0.7% | 0.0% |
| below | Day +1 | 43 | -0.2% | -1.4% to +1.1% | 44% | -0.7% to +0.4% | 0.0% |
| below | Day +3 | 43 | +0.4% | -2.0% to +2.2% | 51% | -1.4% to +1.8% | 0.0% |
| below | Day +5 | 43 | +0.5% | -3.4% to +3.5% | 53% | -1.8% to +1.9% | 0.0% |
| below | Day +10 | 43 | -0.4% | -4.9% to +5.0% | 49% | -3.6% to +1.9% | 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/DVN.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/DVN.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/DVN.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).