# NOW: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 141.97 |
| Delta neutral (USD/share) | 126.45 |
| Gamma neutral (USD/share) | 128.80 |
| Gamma max (USD/share) | 159.41 |
| Open interest (contracts) | 1,013,021 |
| Nearest-expiration max pain (USD/share) | 140.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 125.00 |
| Net gamma exposure | 18,513,868 |
| Confirmed GEX flip (USD/share) | 128.80 |
| Call wall (USD/share) | 150.00 |
| Put wall (USD/share) | 140.00 |
| Put/call open-interest ratio | 0.89 |
| Options catalyst-intensity score (0–100) | 34.6 |
| Options directional score (-100 to +100) | -11.7 |
| IV rank | 17.3 |
| Front-minus-back IV | 0.9 pp |
| Front 25-delta risk reversal | 2.8 pp |
| Call OI change, 1 session | -84,052 contracts · -13.5% |
| Put OI change, 1 session | -68,097 contracts · -12.5% |
| Call minus put OI growth, 1 session | -1.0 pp |
| Call OI change, 5 sessions | -64,267 contracts · -10.7% |
| Put OI change, 5 sessions | -46,720 contracts · -8.9% |
| Call minus put OI growth, 5 sessions | -1.8 pp |
| Daily call OI change surprise | -2.41σ (252 prior changes) |
| Daily put OI change surprise | -2.71σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.43σ (252 prior changes) |
| Daily open interest change (contracts) | -152,149 |
| Daily open interest change z-score (prior 252) | -2.59σ (252 prior changes) |
| Gamma max distance from close | +12.3% |
| Delta neutral distance from close | -10.9% |
| Prior-year sessions closer to gamma max | 35.3% of 252 |
| Prior-year sessions closer to delta neutral | 81.7% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 16 | +0.7% | +0.0% to +2.9% | 75% | +0.1% to +2.8% | +0.1% |
| above | Day +3 | 16 | +0.4% | -3.1% to +3.0% | 50% | -3.1% to +2.9% | 0.0% |
| above | Day +5 | 16 | +1.8% | -2.5% to +2.8% | 56% | -1.9% to +2.8% | 0.0% |
| above | Day +10 | 16 | -1.7% | -6.3% to +1.0% | 31% | -5.9% to +0.4% | 0.0% |
| below | Day +1 | 14 | -0.4% | -1.4% to +0.4% | 50% | -1.5% to +0.4% | 0.0% |
| below | Day +3 | 14 | -0.6% | -1.9% to +1.7% | 50% | -2.0% to +1.9% | 0.0% |
| below | Day +5 | 14 | -0.2% | -3.0% to +2.6% | 50% | -3.1% to +2.7% | 0.0% |
| below | Day +10 | 14 | -1.7% | -4.4% to +3.6% | 43% | -4.4% to +3.7% | 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/NOW.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/NOW.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/NOW.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).