# EEM: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 62.85 |
| Delta neutral (USD/share) | 67.23 |
| Gamma neutral (USD/share) | 69.66 |
| Gamma max (USD/share) | 76.25 |
| Open interest (contracts) | 4,026,254 |
| Nearest-expiration max pain (USD/share) | 68.50 (2026-10-23) |
| All-expiration max pain (USD/share) | 65.00 |
| Net gamma exposure | -283,998,431 |
| Confirmed GEX flip (USD/share) | 69.66 |
| Call wall (USD/share) | 70.00 |
| Put wall (USD/share) | 65.00 |
| Put/call open-interest ratio | 2.32 |
| Options catalyst-intensity score (0–100) | 42.3 |
| Options directional score (-100 to +100) | -29.0 |
| IV rank | 58.3 |
| Front-minus-back IV | 0.3 pp |
| Front 25-delta risk reversal | 4.1 pp |
| Call OI change, 1 session | -180,302 contracts · -12.9% |
| Put OI change, 1 session | -370,974 contracts · -11.6% |
| Call minus put OI growth, 1 session | -1.3 pp |
| Call OI change, 5 sessions | -156,650 contracts · -11.4% |
| Put OI change, 5 sessions | -314,365 contracts · -10.0% |
| Call minus put OI growth, 5 sessions | -1.4 pp |
| Daily call OI change surprise | -1.20σ (252 prior changes) |
| Daily put OI change surprise | -1.75σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.29σ (252 prior changes) |
| Daily open interest change (contracts) | -551,276 |
| Daily open interest change z-score (prior 252) | -1.65σ (252 prior changes) |
| Gamma max distance from close | +21.3% |
| Delta neutral distance from close | +7.0% |
| Prior-year sessions closer to gamma max | 99.6% of 252 |
| Prior-year sessions closer to delta neutral | 85.3% 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 | -0.2% | -0.3% to +0.2% | 31% | -0.3% to +0.2% | 0.0% |
| above | Day +3 | 13 | -0.2% | -1.2% to +0.5% | 38% | -1.2% to +0.5% | 0.0% |
| above | Day +5 | 13 | -0.3% | -1.2% to +1.0% | 38% | -1.2% to +1.0% | 0.0% |
| above | Day +10 | 13 | -0.7% | -1.8% to +0.4% | 31% | -1.8% to +0.4% | 0.0% |
| below | Day +1 | 13 | +0.2% | -1.1% to +0.7% | 62% | -1.1% to +0.7% | 0.0% |
| below | Day +3 | 13 | +0.3% | -0.8% to +1.7% | 54% | -0.8% to +1.7% | 0.0% |
| below | Day +5 | 13 | -0.1% | -2.4% to +0.9% | 46% | -2.4% to +0.9% | 0.0% |
| below | Day +10 | 13 | +0.7% | -1.1% to +1.8% | 54% | -1.1% to +1.8% | 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/EEM.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/EEM.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/EEM.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).