# HL: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 15.30 |
| Delta neutral (USD/share) | 16.24 |
| Gamma neutral (USD/share) | 16.08 |
| Gamma max (USD/share) | 22.06 |
| Open interest (contracts) | 779,731 |
| Nearest-expiration max pain (USD/share) | 16.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 15.00 |
| Net gamma exposure | -4,091,855 |
| Confirmed GEX flip (USD/share) | 16.08 |
| Call wall (USD/share) | 20.00 |
| Put wall (USD/share) | 10.00 |
| Put/call open-interest ratio | 1.06 |
| Options catalyst-intensity score (0–100) | 53.3 |
| Options directional score (-100 to +100) | -17.0 |
| IV rank | 100.0 |
| Front-minus-back IV | 1.6 pp |
| Front 25-delta risk reversal | 3.5 pp |
| Call OI change, 1 session | -38,225 contracts · -9.2% |
| Put OI change, 1 session | -9,715 contracts · -2.4% |
| Call minus put OI growth, 1 session | -6.8 pp |
| Call OI change, 5 sessions | -20,612 contracts · -5.2% |
| Put OI change, 5 sessions | +5,428 contracts · +1.4% |
| Call minus put OI growth, 5 sessions | -6.5 pp |
| Daily call OI change surprise | -1.55σ (252 prior changes) |
| Daily put OI change surprise | -0.89σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.48σ (252 prior changes) |
| Daily open interest change (contracts) | -47,940 |
| Daily open interest change z-score (prior 252) | -1.41σ (252 prior changes) |
| Gamma max distance from close | +44.2% |
| Delta neutral distance from close | +6.1% |
| Prior-year sessions closer to gamma max | 98.4% of 252 |
| Prior-year sessions closer to delta neutral | 19.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 61 | -0.4% | -2.3% to +2.2% | 41% | -1.6% to +0.5% | 0.0% |
| above | Day +3 | 61 | +0.8% | -4.7% to +4.7% | 51% | -1.7% to +1.8% | 0.0% |
| above | Day +5 | 61 | +0.4% | -4.1% to +7.3% | 52% | -1.5% to +3.7% | 0.0% |
| above | Day +10 | 61 | -0.4% | -7.1% to +7.1% | 49% | -2.8% to +4.4% | 0.0% |
| below | Day +1 | 57 | -0.5% | -1.8% to +1.4% | 47% | -1.3% to +0.6% | 0.0% |
| below | Day +3 | 57 | -0.1% | -3.2% to +3.8% | 49% | -2.2% to +2.5% | 0.0% |
| below | Day +5 | 57 | -0.5% | -4.0% to +4.1% | 42% | -1.8% to +1.4% | 0.0% |
| below | Day +10 | 57 | -2.8% | -7.2% to +2.2% | 42% | -4.7% to +1.1% | 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/HL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/HL.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/HL.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).