# JNJ: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 255.56 |
| Delta neutral (USD/share) | 245.83 |
| Gamma neutral (USD/share) | 246.31 |
| Gamma max (USD/share) | 265.39 |
| Open interest (contracts) | 315,058 |
| Nearest-expiration max pain (USD/share) | 250.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 240.00 |
| Net gamma exposure | 14,815,942 |
| Confirmed GEX flip (USD/share) | 246.31 |
| Call wall (USD/share) | 257.50 |
| Put wall (USD/share) | 250.00 |
| Put/call open-interest ratio | 0.78 |
| Options catalyst-intensity score (0–100) | 49.6 |
| Options directional score (-100 to +100) | 0.1 |
| IV rank | 83.9 |
| Front-minus-back IV | 2.8 pp |
| Front 25-delta risk reversal | 0.6 pp |
| Call OI change, 1 session | -39,466 contracts · -18.2% |
| Put OI change, 1 session | -33,833 contracts · -19.7% |
| Call minus put OI growth, 1 session | +1.5 pp |
| Call OI change, 5 sessions | -7,187 contracts · -3.9% |
| Put OI change, 5 sessions | -10,155 contracts · -6.9% |
| Call minus put OI growth, 5 sessions | +3.0 pp |
| Daily call OI change surprise | -3.61σ (252 prior changes) |
| Daily put OI change surprise | -3.17σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.54σ (252 prior changes) |
| Daily open interest change (contracts) | -73,299 |
| Daily open interest change z-score (prior 252) | -3.52σ (252 prior changes) |
| Gamma max distance from close | +3.8% |
| Delta neutral distance from close | -3.8% |
| Prior-year sessions closer to gamma max | 55.2% of 252 |
| Prior-year sessions closer to delta neutral | 7.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 28 | -0.1% | -0.6% to +0.8% | 46% | -0.3% to +0.5% | 0.0% |
| above | Day +3 | 28 | -0.2% | -1.1% to +0.6% | 46% | -0.7% to +0.3% | 0.0% |
| above | Day +5 | 28 | +0.1% | -1.0% to +2.1% | 57% | -0.6% to +1.3% | 0.0% |
| above | Day +10 | 28 | +0.8% | -1.6% to +3.1% | 57% | -1.1% to +2.0% | 0.0% |
| below | Day +1 | 28 | +0.4% | -0.3% to +0.8% | 57% | -0.2% to +0.6% | 0.0% |
| below | Day +3 | 28 | +0.1% | -0.8% to +1.5% | 50% | -0.3% to +1.2% | 0.0% |
| below | Day +5 | 28 | +1.0% | -0.4% to +1.5% | 68% | +0.2% to +1.3% | +0.2% |
| below | Day +10 | 28 | -0.4% | -1.2% to +2.3% | 46% | -0.9% to +1.9% | 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/JNJ.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/JNJ.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/JNJ.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).