# SMR: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 5.83 |
| Delta neutral (USD/share) | 6.50 |
| Gamma neutral (USD/share) | 4.38 |
| Gamma max (USD/share) | 9.51 |
| Open interest (contracts) | 475,655 |
| Nearest-expiration max pain (USD/share) | 6.50 (2026-10-23) |
| All-expiration max pain (USD/share) | 8.00 |
| Net gamma exposure | 3,065,088 |
| Confirmed GEX flip (USD/share) | 4.38 |
| Call wall (USD/share) | 10.00 |
| Put wall (USD/share) | 7.00 |
| Put/call open-interest ratio | 0.37 |
| Options catalyst-intensity score (0–100) | 30.2 |
| Options directional score (-100 to +100) | 28.6 |
| IV rank | 79.0 |
| Front-minus-back IV | -11.6 pp |
| Front 25-delta risk reversal | -7.5 pp |
| Call OI change, 1 session | -43,047 contracts · -11.1% |
| Put OI change, 1 session | -12,909 contracts · -9.1% |
| Call minus put OI growth, 1 session | -2.0 pp |
| Call OI change, 5 sessions | -6,177 contracts · -1.8% |
| Put OI change, 5 sessions | -31,718 contracts · -19.7% |
| Call minus put OI growth, 5 sessions | +17.9 pp |
| Daily call OI change surprise | -1.34σ (252 prior changes) |
| Daily put OI change surprise | -0.48σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.39σ (252 prior changes) |
| Daily open interest change (contracts) | -55,956 |
| Daily open interest change z-score (prior 252) | -1.00σ (252 prior changes) |
| Gamma max distance from close | +63.1% |
| Delta neutral distance from close | +11.5% |
| Prior-year sessions closer to gamma max | 97.6% of 252 |
| Prior-year sessions closer to delta neutral | 70.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 23 | -1.8% | -4.8% to +1.8% | 35% | -4.6% to +0.7% | 0.0% |
| above | Day +3 | 23 | -2.5% | -11.5% to +9.1% | 39% | -7.1% to +4.2% | 0.0% |
| above | Day +5 | 23 | -0.1% | -8.5% to +8.7% | 43% | -5.3% to +5.9% | 0.0% |
| above | Day +10 | 23 | +3.7% | -11.5% to +17.7% | 57% | -3.5% to +14.6% | 0.0% |
| below | Day +1 | 25 | -1.3% | -6.7% to +5.6% | 48% | -6.1% to +3.4% | 0.0% |
| below | Day +3 | 25 | +5.4% | -6.7% to +16.9% | 52% | -4.8% to +9.6% | 0.0% |
| below | Day +5 | 25 | +2.9% | -4.1% to +12.2% | 68% | -0.1% to +11.8% | 0.0% |
| below | Day +10 | 25 | +13.9% | -6.8% to +32.5% | 64% | -6.1% to +23.1% | 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/SMR.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/SMR.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/SMR.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).