# PYPL: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 56.70 |
| Delta neutral (USD/share) | 49.01 |
| Gamma neutral (USD/share) | 43.73 |
| Gamma max (USD/share) | 61.20 |
| Open interest (contracts) | 1,505,757 |
| Nearest-expiration max pain (USD/share) | 54.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 52.50 |
| Net gamma exposure | 68,211,857 |
| Confirmed GEX flip (USD/share) | 43.73 |
| Call wall (USD/share) | 60.00 |
| Put wall (USD/share) | 55.00 |
| Put/call open-interest ratio | 0.35 |
| Options catalyst-intensity score (0–100) | 32.7 |
| Options directional score (-100 to +100) | 15.1 |
| IV rank | 70.5 |
| Front-minus-back IV | -5.6 pp |
| Front 25-delta risk reversal | 1.6 pp |
| Call OI change, 1 session | -87,888 contracts · -7.3% |
| Put OI change, 1 session | -53,854 contracts · -12.1% |
| Call minus put OI growth, 1 session | +4.8 pp |
| Call OI change, 5 sessions | -67,681 contracts · -5.7% |
| Put OI change, 5 sessions | -51,624 contracts · -11.7% |
| Call minus put OI growth, 5 sessions | +5.9 pp |
| Daily call OI change surprise | -1.57σ (252 prior changes) |
| Daily put OI change surprise | -2.14σ (252 prior changes) |
| Daily call-minus-put growth surprise | +2.19σ (252 prior changes) |
| Daily open interest change (contracts) | -141,742 |
| Daily open interest change z-score (prior 252) | -1.81σ (252 prior changes) |
| Gamma max distance from close | +7.9% |
| Delta neutral distance from close | -13.6% |
| Prior-year sessions closer to gamma max | 34.1% of 252 |
| Prior-year sessions closer to delta neutral | 89.7% 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 | -0.4% | -1.2% to +1.4% | 44% | -1.2% to +1.2% | 0.0% |
| above | Day +3 | 16 | +0.4% | -1.9% to +2.5% | 50% | -1.7% to +2.4% | 0.0% |
| above | Day +5 | 16 | +0.6% | -1.7% to +3.6% | 56% | -1.4% to +3.6% | 0.0% |
| above | Day +10 | 16 | +1.2% | -3.0% to +2.6% | 56% | -2.9% to +2.4% | 0.0% |
| below | Day +1 | 17 | +0.5% | -0.4% to +1.0% | 59% | -0.4% to +1.0% | 0.0% |
| below | Day +3 | 17 | +0.6% | -1.6% to +2.9% | 65% | -1.6% to +2.9% | 0.0% |
| below | Day +5 | 17 | +1.2% | -1.3% to +4.1% | 65% | -1.3% to +4.1% | 0.0% |
| below | Day +10 | 17 | +1.3% | -3.2% to +2.6% | 59% | -3.2% to +2.6% | 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/PYPL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/PYPL.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/PYPL.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).