# LUV: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 39.50 |
| Delta neutral (USD/share) | 41.36 |
| Gamma neutral (USD/share) | 39.95 |
| Gamma max (USD/share) | 47.66 |
| Open interest (contracts) | 183,113 |
| Nearest-expiration max pain (USD/share) | 40.50 (2026-10-23) |
| All-expiration max pain (USD/share) | 44.00 |
| Net gamma exposure | -614,967 |
| Confirmed GEX flip (USD/share) | 39.95 |
| Call wall (USD/share) | 50.00 |
| Put wall (USD/share) | 40.00 |
| Put/call open-interest ratio | 0.91 |
| Options catalyst-intensity score (0–100) | 68.9 |
| Options directional score (-100 to +100) | 0.6 |
| IV rank | 100.0 |
| Front-minus-back IV | 27.4 pp |
| Front 25-delta risk reversal | -1.3 pp |
| Call OI change, 1 session | -18,077 contracts · -15.8% |
| Put OI change, 1 session | -10,474 contracts · -10.7% |
| Call minus put OI growth, 1 session | -5.1 pp |
| Call OI change, 5 sessions | -15,237 contracts · -13.7% |
| Put OI change, 5 sessions | -6,893 contracts · -7.3% |
| Call minus put OI growth, 5 sessions | -6.4 pp |
| Daily call OI change surprise | -1.35σ (252 prior changes) |
| Daily put OI change surprise | -0.79σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.97σ (252 prior changes) |
| Daily open interest change (contracts) | -28,551 |
| Daily open interest change z-score (prior 252) | -1.14σ (252 prior changes) |
| Gamma max distance from close | +20.7% |
| Delta neutral distance from close | +4.7% |
| Prior-year sessions closer to gamma max | 77.4% of 252 |
| Prior-year sessions closer to delta neutral | 46.8% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 20 | +1.5% | -0.0% to +2.3% | 75% | +0.0% to +2.3% | +0.0% |
| above | Day +3 | 20 | +1.2% | -0.7% to +2.8% | 65% | -0.6% to +2.5% | 0.0% |
| above | Day +5 | 20 | +1.9% | -2.2% to +3.6% | 60% | -2.1% to +2.9% | 0.0% |
| above | Day +10 | 20 | -0.2% | -3.6% to +5.7% | 50% | -3.4% to +5.0% | 0.0% |
| below | Day +1 | 20 | -0.2% | -0.5% to +1.4% | 40% | -0.5% to +1.3% | 0.0% |
| below | Day +3 | 20 | +0.1% | -2.6% to +2.8% | 50% | -2.6% to +2.6% | 0.0% |
| below | Day +5 | 20 | -0.2% | -3.3% to +3.0% | 50% | -3.3% to +2.7% | 0.0% |
| below | Day +10 | 20 | -0.5% | -6.0% to +3.8% | 45% | -5.9% to +3.1% | 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/LUV.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/LUV.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/LUV.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).