Data through close

HAL max pain, gamma exposure (GEX) & options open interest

As of close · rank #244 by open interest · 1,404 sessions of history since Dec 1, 2020

HAL's nearest-expiration max pain is 32.00 for 2026-10-23, its GEX flip is 28.04, net GEX is 20,045,537, its put/call open-interest ratio is 0.70. These are whole-chain derived aggregates as of Oct 16, 2026 close.

HAL max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
32.00
-4.5% from close
Expiry: 2026-10-23
GEX flip
28.04
-16.3% from close
Net GEX
20,045,537
5,287,009 per 100k OI
Call wall
37.00
+10.4% from close
Put wall
35.00
+4.5% from close
Put/call OI
0.70
155,538 puts / 223,609 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
33.50
prev 32.89
Gamma max
36.01
+7.5% from close
Delta neutral
31.39
-6.3% from close
Gamma neutral
28.04
-16.3% from close
Open interest
379,147
-15.7% vs prev
Contracts listed
403
240 calls · 192 puts

Advanced options analysis

Public aggregate analysis from the dated chain, normalized where possible for comparison across tickers. Catalyst intensity measures unusual pricing and activity; it does not identify an event, predict direction, or establish that an investment is attractive.

Catalyst intensity
57.1
cross-sectional score / 100
Directional score
13.1
mixed positioning
IV rank
92.8
within trailing 52-week range
Front IV premium
18.4 pp
front minus back volatility difference
25Δ risk reversal
-3.6 pp
put IV minus call IV
IV butterfly
1.2 pp
front-window smile convexity
Volume / open interest
0.02
11,013 contracts traded
Normalized net delta
0.121
option-holder convention
Modeled dealer delta
-0.119
opposite-side scenario
Vanna / 100k OI
3,338
volatility-sensitive delta
Charm / 100k OI
-170,616
time-decay-sensitive delta
IV surface range
253.1 pp
aggregate volatility dispersion

Strongest relative signals: front IV premium 18.4 pp

Download the dated aggregate analysis JSON .

HAL closed 7.5% below its gamma max of 36.01. It is 6.3% above the delta neutral price of 31.39. Total open interest is 379,147, -15.7% versus the previous session. Its options catalyst-intensity score is 57.1 out of 100, led by front IV premium 18.4 pp. What gamma max means · What delta neutral means

Call versus put open interest changes

Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.

HAL call and put open interest changes
Measure Value
Call OI change, 1 session -53,985 contracts · -19.4%
Put OI change, 1 session -16,800 contracts · -9.7%
Call minus put OI growth, 1 session -9.7 pp
Call OI change, 5 sessions -48,330 contracts · -17.8%
Put OI change, 5 sessions -12,245 contracts · -7.3%
Call minus put OI growth, 5 sessions -10.5 pp
Daily call OI change surprise -3.32σ (252 prior changes)
Daily put OI change surprise -1.04σ (252 prior changes)
Daily call-minus-put growth surprise -3.31σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Daily ticker aggregates through 2026-10-16. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

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Swipe chart sideways to see the full range.

What followed prior gamma-max crosses?

Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.

Crosses below gamma max 25 completed Day +10 paths · latest Sep 10, 2026
HAL returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -12.0% -6.0% 0% +6.0% +12.0% Cross on Feb 25, 2021 Cross on Mar 2, 2021 Cross on Mar 9, 2021 Cross on Mar 16, 2021 Cross on Oct 12, 2021 Cross on Oct 15, 2021 Cross on Jan 5, 2022 Cross on Jan 13, 2022 Cross on Feb 14, 2022 Cross on Mar 9, 2022 Cross on Mar 15, 2022 Cross on Mar 18, 2022 Cross on Oct 28, 2022 Cross on Jan 18, 2023 Cross on Apr 4, 2024 Cross on Nov 22, 2024 Cross on Sep 26, 2025 Cross on Oct 24, 2025 Cross on Jan 6, 2026 Cross on Mar 20, 2026 Cross on Mar 26, 2026 Cross on Mar 30, 2026 Cross on May 1, 2026 Cross on Sep 3, 2026 Cross on Sep 10, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
HAL historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 25 +0.5% -0.6% to +2.1% 56% -0.4% to +1.7% 0.0%
Day +2 25 +1.2% -0.4% to +3.1% 72% +0.1% to +2.9% +0.1%
Day +3 25 +1.6% -0.4% to +3.6% 64% -0.2% to +3.5% 0.0%
Day +4 25 +0.8% -2.5% to +3.5% 52% -2.0% to +2.5% 0.0%
Day +5 25 -1.2% -2.6% to +5.8% 44% -2.4% to +5.3% 0.0%
Day +6 25 +1.0% -2.5% to +7.5% 56% -2.4% to +7.2% 0.0%
Day +7 25 +0.6% -3.8% to +6.7% 56% -3.3% to +6.3% 0.0%
Day +8 25 +0.5% -4.7% to +6.5% 52% -4.3% to +5.7% 0.0%
Day +9 25 +2.9% -6.4% to +6.5% 56% -2.8% to +5.2% 0.0%
Day +10 25 +0.6% -4.9% to +7.8% 56% -4.5% to +7.0% 0.0%
Crosses above gamma max 24 completed Day +10 paths · latest Sep 4, 2026
HAL returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -12.0% -6.0% 0% +6.0% +12.0% Cross on Feb 24, 2021 Cross on Mar 1, 2021 Cross on Mar 8, 2021 Cross on Mar 15, 2021 Cross on Oct 11, 2021 Cross on Oct 14, 2021 Cross on Jan 4, 2022 Cross on Jan 11, 2022 Cross on Feb 11, 2022 Cross on Mar 7, 2022 Cross on Mar 10, 2022 Cross on Mar 17, 2022 Cross on Oct 26, 2022 Cross on Jan 13, 2023 Cross on Apr 3, 2024 Cross on Nov 21, 2024 Cross on Sep 25, 2025 Cross on Jan 5, 2026 Cross on Mar 19, 2026 Cross on Mar 24, 2026 Cross on Mar 27, 2026 Cross on Apr 30, 2026 Cross on Sep 2, 2026 Cross on Sep 4, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
HAL historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 24 -0.8% -1.8% to +0.3% 29% -1.4% to -0.3% -0.3%
Day +2 24 -0.8% -3.0% to +1.1% 42% -2.6% to +0.7% 0.0%
Day +3 24 -0.0% -2.3% to +3.2% 50% -2.1% to +2.3% 0.0%
Day +4 24 +0.2% -2.1% to +3.3% 63% -1.4% to +3.0% 0.0%
Day +5 24 -0.0% -4.3% to +2.8% 46% -3.8% to +2.2% 0.0%
Day +6 24 -0.9% -4.8% to +2.4% 42% -4.2% to +2.0% 0.0%
Day +7 24 -0.7% -5.7% to +5.1% 46% -4.8% to +4.0% 0.0%
Day +8 24 -1.2% -4.5% to +5.1% 42% -4.0% to +3.6% 0.0%
Day +9 24 -0.1% -5.8% to +4.5% 50% -5.0% to +2.9% 0.0%
Day +10 24 -0.3% -5.8% to +3.8% 50% -5.1% to +3.4% 0.0%

Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.

Last 252 sessions

HAL trailing historical statistics
Sessions closed above gamma max 5%
Gamma max crosses 16
Delta neutral crosses 11
Prior-year sessions closer to gamma max 65.9% of 252
Prior-year sessions closer to delta neutral 34.9% of 252
Open interest percentile (1y) 0th
Daily open interest change versus prior year -2.30σ (-70,785 contracts; 252 prior changes)
Open interest change, 5 sessions -13.8%
Open interest change, 21 sessions -31.1%
History available Dec 1, 2020 → Oct 16, 2026

Recent crosses

  1. closed above delta neutral at 31.80 vs 31.62 (+0.6%)
  2. closed below delta neutral at 31.54 vs 31.56 (-0.1%)
  3. closed below gamma max at 36.07 vs 36.19 (-0.3%)
  4. closed above gamma max at 37.07 vs 36.78 (+0.8%)
  5. closed below gamma max at 37.29 vs 37.67 (-1.0%)
  6. closed above gamma max at 37.63 vs 37.60 (+0.1%)
  7. closed above delta neutral at 33.64 vs 32.44 (+3.6%)
  8. closed below delta neutral at 31.89 vs 32.27 (-1.2%)
  9. closed above delta neutral at 32.51 vs 31.95 (+1.7%)
  10. closed below delta neutral at 31.82 vs 31.94 (-0.4%)

In today's screens

Neighbours by open interest

Cite or embed this snapshot

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Canonical source: https://halfonadouble.com/stock/HAL

Questions people ask about HAL

What is HAL's max pain for the nearest expiration?

As of Oct 16, 2026 close, nearest-expiration max pain is 32.00 for the 2026-10-23 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do HAL's gamma exposure and gamma flip show?

Signed net GEX is 20,045,537 as of Oct 16, 2026 close. The confirmed GEX flip is 28.04. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is HAL's gamma max today?

As of Oct 16, 2026, the gamma max for HAL is 36.01, +7.5% from the 33.50 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.

Is HAL above or below its delta neutral price?

HAL closed above delta neutral: 33.50 against a delta neutral price of 31.39. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does HAL have?

379,147 contracts of open interest across 403 listed contracts on Oct 16, 2026, -15.7% versus the previous session. What open interest measures.

Levels are recomputed after every trading day from licensed end-of-day options data; only derived aggregates are published. Methodology · Data and licence · Not investment advice.