# INDI: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 1.82 |
| Delta neutral (USD/share) | 1.49 |
| Gamma neutral (USD/share) | 1.82 |
| Gamma max (USD/share) | 2.30 |
| Open interest (contracts) | 120,420 |
| Nearest-expiration max pain (USD/share) | 3.50 (2026-11-20) |
| All-expiration max pain (USD/share) | 3.00 |
| Net gamma exposure | 1,839,717 |
| Call wall (USD/share) | 5.00 |
| Put wall (USD/share) | 3.00 |
| Put/call open-interest ratio | 0.18 |
| Options catalyst-intensity score (0–100) | 51.3 |
| Options directional score (-100 to +100) | 39.7 |
| IV rank | 100.0 |
| Front-minus-back IV | – pp |
| Front 25-delta risk reversal | -27.3 pp |
| Call OI change, 1 session | -3,579 contracts · -3.4% |
| Put OI change, 1 session | -591 contracts · -3.1% |
| Call minus put OI growth, 1 session | -0.3 pp |
| Call OI change, 5 sessions | +1,032 contracts · +1.0% |
| Put OI change, 5 sessions | +3,184 contracts · +20.9% |
| Call minus put OI growth, 5 sessions | -19.9 pp |
| Daily call OI change surprise | -0.63σ (252 prior changes) |
| Daily put OI change surprise | -0.29σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.07σ (252 prior changes) |
| Daily open interest change (contracts) | -4,170 |
| Daily open interest change z-score (prior 252) | -0.57σ (252 prior changes) |
| Gamma max distance from close | +26.5% |
| Delta neutral distance from close | -18.1% |
| Prior-year sessions closer to gamma max | 96.8% of 252 |
| Prior-year sessions closer to delta neutral | 1.6% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 32 | +0.1% | -1.2% to +2.3% | 50% | -1.0% to +1.8% | 0.0% |
| above | Day +3 | 32 | +0.5% | -3.5% to +5.4% | 53% | -1.3% to +3.1% | 0.0% |
| above | Day +5 | 32 | +0.3% | -3.1% to +7.5% | 53% | -2.7% to +1.7% | 0.0% |
| above | Day +10 | 32 | -0.2% | -10.3% to +11.8% | 44% | -5.8% to +9.1% | 0.0% |
| below | Day +1 | 34 | -0.7% | -3.8% to +2.4% | 38% | -2.4% to +0.8% | 0.0% |
| below | Day +3 | 34 | -0.4% | -6.3% to +2.9% | 47% | -5.0% to +2.1% | 0.0% |
| below | Day +5 | 34 | -1.5% | -7.0% to +5.4% | 38% | -4.9% to +1.0% | 0.0% |
| below | Day +10 | 34 | -1.1% | -11.0% to +17.8% | 47% | -10.1% to +10.7% | 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/INDI.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/INDI.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/INDI.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).