# SHEL: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 106.66 |
| Delta neutral (USD/share) | 92.25 |
| Gamma neutral (USD/share) | 91.25 |
| Gamma max (USD/share) | 105.81 |
| Open interest (contracts) | 184,532 |
| Nearest-expiration max pain (USD/share) | 100.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 82.50 |
| Net gamma exposure | 9,319,467 |
| Confirmed GEX flip (USD/share) | 91.25 |
| Call wall (USD/share) | 100.00 |
| Put wall (USD/share) | 92.50 |
| Put/call open-interest ratio | 0.63 |
| Options catalyst-intensity score (0–100) | 58.9 |
| Options directional score (-100 to +100) | -17.0 |
| IV rank | 100.0 |
| Front-minus-back IV | -2.2 pp |
| Front 25-delta risk reversal | 102.6 pp |
| Call OI change, 1 session | -37,491 contracts · -24.9% |
| Put OI change, 1 session | -16,149 contracts · -18.5% |
| Call minus put OI growth, 1 session | -6.4 pp |
| Call OI change, 5 sessions | -30,646 contracts · -21.3% |
| Put OI change, 5 sessions | -12,572 contracts · -15.0% |
| Call minus put OI growth, 5 sessions | -6.3 pp |
| Daily call OI change surprise | -3.56σ (252 prior changes) |
| Daily put OI change surprise | -3.94σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.37σ (252 prior changes) |
| Daily open interest change (contracts) | -53,640 |
| Daily open interest change z-score (prior 252) | -3.89σ (252 prior changes) |
| Gamma max distance from close | -0.8% |
| Delta neutral distance from close | -13.5% |
| Prior-year sessions closer to gamma max | 16.7% of 252 |
| Prior-year sessions closer to delta neutral | 89.3% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 29 | -0.0% | -1.1% to +0.5% | 48% | -0.8% to +0.4% | 0.0% |
| above | Day +3 | 29 | -0.3% | -1.6% to +1.5% | 41% | -1.3% to +0.7% | 0.0% |
| above | Day +5 | 29 | -0.3% | -2.9% to +1.5% | 48% | -1.3% to +1.4% | 0.0% |
| above | Day +10 | 27 | +0.7% | -1.6% to +3.1% | 52% | -1.0% to +2.0% | 0.0% |
| below | Day +1 | 30 | +0.0% | -1.0% to +0.6% | 50% | -0.8% to +0.4% | 0.0% |
| below | Day +3 | 29 | -0.3% | -1.6% to +1.2% | 38% | -1.6% to +0.8% | 0.0% |
| below | Day +5 | 29 | -0.2% | -2.3% to +1.4% | 48% | -1.3% to +1.0% | 0.0% |
| below | Day +10 | 28 | +1.1% | -0.8% to +2.8% | 64% | -0.1% to +2.5% | 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/SHEL.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/SHEL.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/SHEL.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).