# HPE: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 55.13 |
| Delta neutral (USD/share) | 54.34 |
| Gamma neutral (USD/share) | 52.15 |
| Gamma max (USD/share) | 70.65 |
| Open interest (contracts) | 559,536 |
| Nearest-expiration max pain (USD/share) | 62.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 55.00 |
| Net gamma exposure | 3,370,654 |
| Confirmed GEX flip (USD/share) | 52.15 |
| Call wall (USD/share) | 70.00 |
| Put wall (USD/share) | 50.00 |
| Put/call open-interest ratio | 0.88 |
| Options catalyst-intensity score (0–100) | 51.6 |
| Options directional score (-100 to +100) | 3.2 |
| IV rank | 58.8 |
| Front-minus-back IV | 5.0 pp |
| Front 25-delta risk reversal | -3.3 pp |
| Call OI change, 1 session | -57,332 contracts · -16.2% |
| Put OI change, 1 session | -29,332 contracts · -10.1% |
| Call minus put OI growth, 1 session | -6.1 pp |
| Call OI change, 5 sessions | -41,918 contracts · -12.4% |
| Put OI change, 5 sessions | -9,963 contracts · -3.7% |
| Call minus put OI growth, 5 sessions | -8.7 pp |
| Daily call OI change surprise | -2.08σ (252 prior changes) |
| Daily put OI change surprise | -1.47σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.48σ (252 prior changes) |
| Daily open interest change (contracts) | -86,664 |
| Daily open interest change z-score (prior 252) | -1.88σ (252 prior changes) |
| Gamma max distance from close | +28.1% |
| Delta neutral distance from close | -1.4% |
| Prior-year sessions closer to gamma max | 99.2% of 252 |
| Prior-year sessions closer to delta neutral | 10.3% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 38 | -0.1% | -1.5% to +1.3% | 47% | -1.0% to +0.7% | 0.0% |
| above | Day +3 | 38 | -0.5% | -2.8% to +3.0% | 45% | -2.0% to +1.6% | 0.0% |
| above | Day +5 | 38 | -0.1% | -2.8% to +4.9% | 50% | -2.2% to +1.4% | 0.0% |
| above | Day +10 | 37 | +0.7% | -2.0% to +5.9% | 59% | -0.5% to +4.5% | 0.0% |
| below | Day +1 | 38 | -0.0% | -1.2% to +1.5% | 50% | -1.0% to +0.8% | 0.0% |
| below | Day +3 | 38 | +0.3% | -2.7% to +2.2% | 55% | -0.8% to +1.8% | 0.0% |
| below | Day +5 | 37 | +1.1% | -1.8% to +4.1% | 57% | -1.1% to +2.4% | 0.0% |
| below | Day +10 | 36 | +1.3% | -1.2% to +6.9% | 58% | -0.6% to +4.0% | 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/HPE.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/HPE.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/HPE.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).