# PEP: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 131.49 |
| Delta neutral (USD/share) | 130.89 |
| Gamma neutral (USD/share) | 126.47 |
| Gamma max (USD/share) | 141.45 |
| Open interest (contracts) | 295,930 |
| Nearest-expiration max pain (USD/share) | 127.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 134.00 |
| Net gamma exposure | 14,147,540 |
| Confirmed GEX flip (USD/share) | 126.47 |
| Call wall (USD/share) | 140.00 |
| Put wall (USD/share) | 125.00 |
| Put/call open-interest ratio | 0.64 |
| Options catalyst-intensity score (0–100) | 49.5 |
| Options directional score (-100 to +100) | 7.8 |
| IV rank | 80.9 |
| Front-minus-back IV | 2.8 pp |
| Front 25-delta risk reversal | 2.0 pp |
| Call OI change, 1 session | -79,197 contracts · -30.5% |
| Put OI change, 1 session | -19,257 contracts · -14.3% |
| Call minus put OI growth, 1 session | -16.2 pp |
| Call OI change, 5 sessions | -62,439 contracts · -25.7% |
| Put OI change, 5 sessions | -10,928 contracts · -8.7% |
| Call minus put OI growth, 5 sessions | -17.0 pp |
| Daily call OI change surprise | -4.26σ (252 prior changes) |
| Daily put OI change surprise | -1.58σ (252 prior changes) |
| Daily call-minus-put growth surprise | -2.69σ (252 prior changes) |
| Daily open interest change (contracts) | -98,454 |
| Daily open interest change z-score (prior 252) | -3.51σ (252 prior changes) |
| Gamma max distance from close | +7.6% |
| Delta neutral distance from close | -0.5% |
| Prior-year sessions closer to gamma max | 33.7% of 252 |
| Prior-year sessions closer to delta neutral | 10.7% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 14 | -0.3% | -1.0% to +0.1% | 36% | -1.0% to +0.1% | 0.0% |
| above | Day +3 | 14 | -0.5% | -1.2% to +0.4% | 50% | -1.3% to +0.4% | 0.0% |
| above | Day +5 | 14 | -0.6% | -1.2% to +0.2% | 29% | -1.3% to +0.2% | 0.0% |
| above | Day +10 | 14 | -0.5% | -1.6% to +1.1% | 50% | -1.6% to +1.1% | 0.0% |
| below | Day +1 | 14 | +0.0% | -0.7% to +0.2% | 50% | -0.7% to +0.2% | 0.0% |
| below | Day +3 | 14 | +0.4% | -0.3% to +1.0% | 64% | -0.4% to +1.0% | 0.0% |
| below | Day +5 | 14 | +0.4% | -2.3% to +0.8% | 57% | -2.6% to +0.9% | 0.0% |
| below | Day +10 | 14 | +0.1% | -2.2% to +0.9% | 50% | -2.6% to +0.9% | 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/PEP.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/PEP.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/PEP.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).