# EL: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 104.54 |
| Delta neutral (USD/share) | 88.21 |
| Gamma neutral (USD/share) | 80.34 |
| Gamma max (USD/share) | 108.99 |
| Open interest (contracts) | 180,544 |
| Nearest-expiration max pain (USD/share) | 95.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 85.00 |
| Net gamma exposure | 8,190,119 |
| Confirmed GEX flip (USD/share) | 80.34 |
| Call wall (USD/share) | 105.00 |
| Put wall (USD/share) | 80.00 |
| Put/call open-interest ratio | 0.61 |
| Options catalyst-intensity score (0–100) | 57.1 |
| Options directional score (-100 to +100) | -23.1 |
| IV rank | 100.0 |
| Front-minus-back IV | -1.7 pp |
| Front 25-delta risk reversal | 55.6 pp |
| Call OI change, 1 session | -9,914 contracts · -8.1% |
| Put OI change, 1 session | -5,242 contracts · -7.1% |
| Call minus put OI growth, 1 session | -1.1 pp |
| Call OI change, 5 sessions | -6,833 contracts · -5.8% |
| Put OI change, 5 sessions | -3,296 contracts · -4.6% |
| Call minus put OI growth, 5 sessions | -1.2 pp |
| Daily call OI change surprise | -1.64σ (252 prior changes) |
| Daily put OI change surprise | -1.12σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.37σ (252 prior changes) |
| Daily open interest change (contracts) | -15,156 |
| Daily open interest change z-score (prior 252) | -1.46σ (252 prior changes) |
| Gamma max distance from close | +4.3% |
| Delta neutral distance from close | -15.6% |
| Prior-year sessions closer to gamma max | 11.1% of 252 |
| Prior-year sessions closer to delta neutral | 96.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 12 | -1.5% | -2.5% to +0.4% | 33% | -2.7% to +1.3% | 0.0% |
| above | Day +3 | 11 | -1.1% | -2.8% to +0.8% | 27% | -3.1% to +1.6% | 0.0% |
| above | Day +5 | 11 | -0.3% | -2.9% to +1.0% | 45% | -3.6% to +1.7% | 0.0% |
| above | Day +10 | 11 | -1.2% | -5.6% to +3.5% | 45% | -5.8% to +3.9% | 0.0% |
| below | Day +1 | 7 | +1.5% | +0.6% to +2.6% | 71% | -2.1% to +4.3% | 0.0% |
| below | Day +3 | 7 | +1.0% | -2.3% to +2.6% | 57% | -3.1% to +5.6% | 0.0% |
| below | Day +5 | 7 | -0.1% | -1.1% to +2.1% | 43% | -4.0% to +3.6% | 0.0% |
| below | Day +10 | 7 | -3.8% | -4.4% to -2.8% | 14% | -7.1% to +4.1% | 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/EL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/EL.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/EL.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).