# REI: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 1.37 |
| Delta neutral (USD/share) | 0.60 |
| Gamma neutral (USD/share) | 1.37 |
| Gamma max (USD/share) | 1.36 |
| Open interest (contracts) | 135,433 |
| Nearest-expiration max pain (USD/share) | 1.50 (2026-11-20) |
| All-expiration max pain (USD/share) | 1.00 |
| Net gamma exposure | 12,553,977 |
| Call wall (USD/share) | 1.50 |
| Put wall (USD/share) | 1.50 |
| Put/call open-interest ratio | 0.04 |
| Options catalyst-intensity score (0–100) | 42.1 |
| Options directional score (-100 to +100) | 2.4 |
| IV rank | 96.3 |
| Front-minus-back IV | – pp |
| Front 25-delta risk reversal | 33.6 pp |
| Call OI change, 1 session | -16,282 contracts · -11.1% |
| Put OI change, 1 session | -12 contracts · -0.3% |
| Call minus put OI growth, 1 session | -10.8 pp |
| Call OI change, 5 sessions | -620 contracts · -0.5% |
| Put OI change, 5 sessions | +247 contracts · +5.5% |
| Call minus put OI growth, 5 sessions | -6.0 pp |
| Daily call OI change surprise | -2.24σ (252 prior changes) |
| Daily put OI change surprise | +0.04σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.62σ (252 prior changes) |
| Daily open interest change (contracts) | -16,294 |
| Daily open interest change z-score (prior 252) | -2.12σ (252 prior changes) |
| Gamma max distance from close | -1.0% |
| Delta neutral distance from close | -56.0% |
| Prior-year sessions closer to gamma max | 7.5% of 252 |
| Prior-year sessions closer to delta neutral | 31.7% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 47 | 0.0% | -1.1% to +2.9% | 49% | -0.7% to +1.7% | 0.0% |
| above | Day +3 | 47 | +0.7% | -3.4% to +5.3% | 57% | -1.4% to +2.0% | 0.0% |
| above | Day +5 | 47 | +1.9% | -3.0% to +7.1% | 60% | -0.5% to +4.4% | 0.0% |
| above | Day +10 | 46 | +1.1% | -5.7% to +11.5% | 57% | -2.7% to +7.4% | 0.0% |
| below | Day +1 | 48 | +0.4% | -2.3% to +3.1% | 50% | -0.8% to +1.5% | 0.0% |
| below | Day +3 | 48 | +1.4% | -2.7% to +6.3% | 60% | 0.0% to +3.4% | 0.0% |
| below | Day +5 | 48 | +1.2% | -5.2% to +9.7% | 52% | -2.8% to +3.6% | 0.0% |
| below | Day +10 | 47 | +2.3% | -7.9% to +12.3% | 53% | -2.7% to +8.4% | 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/REI.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/REI.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/REI.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).