# ETN: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 391.25 |
| Delta neutral (USD/share) | 382.66 |
| Gamma neutral (USD/share) | 368.84 |
| Gamma max (USD/share) | 448.47 |
| Open interest (contracts) | 123,796 |
| Nearest-expiration max pain (USD/share) | 407.50 (2026-10-23) |
| All-expiration max pain (USD/share) | 410.00 |
| Net gamma exposure | 5,124,486 |
| Confirmed GEX flip (USD/share) | 368.84 |
| Call wall (USD/share) | 420.00 |
| Put wall (USD/share) | 370.00 |
| Put/call open-interest ratio | 0.58 |
| Options catalyst-intensity score (0–100) | 54.4 |
| Options directional score (-100 to +100) | 7.2 |
| IV rank | 98.8 |
| Front-minus-back IV | 4.5 pp |
| Front 25-delta risk reversal | -0.4 pp |
| Call OI change, 1 session | +39,024 contracts · +99.1% |
| Put OI change, 1 session | -10,412 contracts · -18.7% |
| Call minus put OI growth, 1 session | +117.8 pp |
| Call OI change, 5 sessions | +42,013 contracts · +115.5% |
| Put OI change, 5 sessions | -3,607 contracts · -7.4% |
| Call minus put OI growth, 5 sessions | +122.8 pp |
| Daily call OI change surprise | +8.28σ (252 prior changes) |
| Daily put OI change surprise | -3.24σ (252 prior changes) |
| Daily call-minus-put growth surprise | +13.27σ (252 prior changes) |
| Daily open interest change (contracts) | 28,612 |
| Daily open interest change z-score (prior 252) | +4.03σ (252 prior changes) |
| Gamma max distance from close | +14.6% |
| Delta neutral distance from close | -2.2% |
| Prior-year sessions closer to gamma max | 80.6% of 252 |
| Prior-year sessions closer to delta neutral | 31.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 30 | -0.1% | -0.7% to +0.5% | 47% | -0.4% to +0.2% | 0.0% |
| above | Day +3 | 30 | -0.1% | -1.4% to +1.3% | 47% | -0.5% to +0.4% | 0.0% |
| above | Day +5 | 30 | -0.0% | -1.6% to +1.8% | 50% | -0.9% to +0.7% | 0.0% |
| above | Day +10 | 30 | +0.6% | -2.2% to +2.7% | 53% | -1.0% to +1.9% | 0.0% |
| below | Day +1 | 30 | -0.3% | -1.1% to +0.5% | 37% | -0.7% to +0.1% | 0.0% |
| below | Day +3 | 30 | +0.4% | -2.0% to +1.3% | 57% | -1.4% to +0.7% | 0.0% |
| below | Day +5 | 30 | -0.4% | -2.1% to +0.6% | 40% | -1.2% to +0.3% | 0.0% |
| below | Day +10 | 30 | -0.2% | -2.3% to +2.7% | 50% | -1.3% to +1.3% | 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/ETN.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/ETN.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/ETN.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).