# LWLG: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 3.97 |
| Delta neutral (USD/share) | 3.32 |
| Gamma neutral (USD/share) | 3.97 |
| Gamma max (USD/share) | 5.32 |
| Open interest (contracts) | 139,208 |
| Nearest-expiration max pain (USD/share) | 5.00 (2026-11-20) |
| All-expiration max pain (USD/share) | 6.00 |
| Net gamma exposure | 2,127,817 |
| Call wall (USD/share) | 7.00 |
| Put wall (USD/share) | 5.00 |
| Put/call open-interest ratio | 0.21 |
| Options catalyst-intensity score (0–100) | 51.0 |
| Options directional score (-100 to +100) | 36.8 |
| IV rank | 100.0 |
| Front-minus-back IV | 3.4 pp |
| Front 25-delta risk reversal | -12.5 pp |
| Call OI change, 1 session | -7,713 contracts · -6.3% |
| Put OI change, 1 session | -625 contracts · -2.5% |
| Call minus put OI growth, 1 session | -3.8 pp |
| Call OI change, 5 sessions | -5,377 contracts · -4.5% |
| Put OI change, 5 sessions | -2,386 contracts · -8.9% |
| Call minus put OI growth, 5 sessions | +4.4 pp |
| Daily call OI change surprise | -1.77σ (252 prior changes) |
| Daily put OI change surprise | -0.34σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.74σ (252 prior changes) |
| Daily open interest change (contracts) | -8,338 |
| Daily open interest change z-score (prior 252) | -1.39σ (252 prior changes) |
| Gamma max distance from close | +34.0% |
| Delta neutral distance from close | -16.3% |
| Prior-year sessions closer to gamma max | 70.2% of 252 |
| Prior-year sessions closer to delta neutral | 2.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 19 | -2.5% | -6.9% to +3.2% | 37% | -6.8% to +1.6% | 0.0% |
| above | Day +3 | 19 | -0.4% | -7.5% to +6.5% | 47% | -7.1% to +4.4% | 0.0% |
| above | Day +5 | 19 | +0.9% | -6.9% to +4.4% | 53% | -4.8% to +3.7% | 0.0% |
| above | Day +10 | 19 | +1.0% | -10.8% to +14.8% | 58% | -10.3% to +11.4% | 0.0% |
| below | Day +1 | 27 | -1.5% | -3.8% to +3.1% | 44% | -3.5% to +1.6% | 0.0% |
| below | Day +3 | 27 | 0.0% | -6.4% to +10.2% | 48% | -6.1% to +5.0% | 0.0% |
| below | Day +5 | 27 | +0.9% | -9.9% to +18.1% | 52% | -8.3% to +16.8% | 0.0% |
| below | Day +10 | 27 | +1.6% | -11.3% to +17.5% | 52% | -10.3% to +14.9% | 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/LWLG.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/LWLG.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/LWLG.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).