# PATH: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 12.85 |
| Delta neutral (USD/share) | 11.86 |
| Gamma neutral (USD/share) | 11.42 |
| Gamma max (USD/share) | 15.63 |
| Open interest (contracts) | 535,639 |
| Nearest-expiration max pain (USD/share) | 13.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 12.00 |
| Net gamma exposure | 7,784,729 |
| Confirmed GEX flip (USD/share) | 11.42 |
| Call wall (USD/share) | 15.00 |
| Put wall (USD/share) | 12.00 |
| Put/call open-interest ratio | 0.52 |
| Options catalyst-intensity score (0–100) | 37.0 |
| Options directional score (-100 to +100) | 7.1 |
| IV rank | 90.0 |
| Front-minus-back IV | -9.4 pp |
| Front 25-delta risk reversal | 2.2 pp |
| Call OI change, 1 session | -31,517 contracts · -8.2% |
| Put OI change, 1 session | -16,286 contracts · -8.1% |
| Call minus put OI growth, 1 session | -0.1 pp |
| Call OI change, 5 sessions | -23,945 contracts · -6.4% |
| Put OI change, 5 sessions | -16,102 contracts · -8.0% |
| Call minus put OI growth, 5 sessions | +1.7 pp |
| Daily call OI change surprise | -0.75σ (252 prior changes) |
| Daily put OI change surprise | -1.08σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.03σ (252 prior changes) |
| Daily open interest change (contracts) | -47,803 |
| Daily open interest change z-score (prior 252) | -0.88σ (252 prior changes) |
| Gamma max distance from close | +21.6% |
| Delta neutral distance from close | -7.7% |
| Prior-year sessions closer to gamma max | 81.3% of 252 |
| Prior-year sessions closer to delta neutral | 19.8% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 22 | +0.3% | -3.6% to +1.9% | 59% | -2.9% to +1.7% | 0.0% |
| above | Day +3 | 22 | -1.2% | -6.5% to +1.3% | 45% | -6.4% to +1.2% | 0.0% |
| above | Day +5 | 22 | -1.6% | -4.9% to +2.4% | 41% | -4.6% to +1.9% | 0.0% |
| above | Day +10 | 22 | +1.6% | -7.2% to +9.8% | 55% | -5.0% to +9.7% | 0.0% |
| below | Day +1 | 21 | +1.3% | -1.5% to +2.0% | 62% | -0.1% to +1.5% | 0.0% |
| below | Day +3 | 21 | -1.3% | -3.7% to +0.2% | 33% | -2.6% to +0.1% | 0.0% |
| below | Day +5 | 21 | -1.1% | -4.5% to +3.3% | 48% | -4.5% to +2.6% | 0.0% |
| below | Day +10 | 21 | +1.7% | -7.3% to +13.4% | 52% | -6.3% to +7.0% | 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/PATH.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/PATH.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/PATH.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).