# PAAS: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 44.21 |
| Delta neutral (USD/share) | 40.31 |
| Gamma neutral (USD/share) | 15.28 |
| Gamma max (USD/share) | 53.80 |
| Open interest (contracts) | 234,655 |
| Nearest-expiration max pain (USD/share) | 44.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 45.00 |
| Net gamma exposure | 6,123,625 |
| Confirmed GEX flip (USD/share) | 15.28 |
| Call wall (USD/share) | 55.00 |
| Put wall (USD/share) | 45.00 |
| Put/call open-interest ratio | 0.33 |
| Options catalyst-intensity score (0–100) | 45.7 |
| Options directional score (-100 to +100) | 26.5 |
| IV rank | 88.3 |
| Front-minus-back IV | -0.3 pp |
| Front 25-delta risk reversal | -2.2 pp |
| Call OI change, 1 session | -27,667 contracts · -13.6% |
| Put OI change, 1 session | -7,567 contracts · -11.5% |
| Call minus put OI growth, 1 session | -2.1 pp |
| Call OI change, 5 sessions | -20,781 contracts · -10.5% |
| Put OI change, 5 sessions | -8,064 contracts · -12.2% |
| Call minus put OI growth, 5 sessions | +1.6 pp |
| Daily call OI change surprise | -2.75σ (252 prior changes) |
| Daily put OI change surprise | -1.23σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.63σ (252 prior changes) |
| Daily open interest change (contracts) | -35,234 |
| Daily open interest change z-score (prior 252) | -2.25σ (252 prior changes) |
| Gamma max distance from close | +21.7% |
| Delta neutral distance from close | -8.8% |
| Prior-year sessions closer to gamma max | 86.1% of 252 |
| Prior-year sessions closer to delta neutral | 10.3% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 34 | -0.3% | -1.3% to +1.7% | 41% | -1.2% to +0.5% | 0.0% |
| above | Day +3 | 34 | +0.6% | -1.4% to +3.3% | 56% | -1.1% to +2.6% | 0.0% |
| above | Day +5 | 34 | +0.0% | -2.5% to +2.9% | 50% | -1.7% to +2.5% | 0.0% |
| above | Day +10 | 34 | -0.7% | -3.6% to +5.8% | 47% | -3.3% to +2.0% | 0.0% |
| below | Day +1 | 33 | +0.5% | -1.0% to +2.4% | 55% | -0.6% to +2.1% | 0.0% |
| below | Day +3 | 33 | +0.3% | -2.0% to +2.9% | 61% | -1.1% to +2.2% | 0.0% |
| below | Day +5 | 33 | +0.3% | -2.5% to +6.3% | 55% | -1.2% to +2.8% | 0.0% |
| below | Day +10 | 33 | +0.5% | -7.6% to +6.7% | 55% | -2.2% to +4.2% | 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/PAAS.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/PAAS.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/PAAS.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).