# SOUN: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 4.72 |
| Delta neutral (USD/share) | 4.90 |
| Gamma neutral (USD/share) | 0.72 |
| Gamma max (USD/share) | 5.63 |
| Open interest (contracts) | 528,411 |
| Nearest-expiration max pain (USD/share) | 5.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 6.00 |
| Net gamma exposure | 10,372,970 |
| Confirmed GEX flip (USD/share) | 0.72 |
| Call wall (USD/share) | 5.00 |
| Put wall (USD/share) | 5.00 |
| Put/call open-interest ratio | 0.31 |
| Options catalyst-intensity score (0–100) | 49.7 |
| Options directional score (-100 to +100) | 26.2 |
| IV rank | 36.0 |
| Front-minus-back IV | 11.2 pp |
| Front 25-delta risk reversal | -1.2 pp |
| Call OI change, 1 session | -106,245 contracts · -20.9% |
| Put OI change, 1 session | -19,285 contracts · -13.2% |
| Call minus put OI growth, 1 session | -7.7 pp |
| Call OI change, 5 sessions | -71,534 contracts · -15.1% |
| Put OI change, 5 sessions | -29,390 contracts · -18.8% |
| Call minus put OI growth, 5 sessions | +3.7 pp |
| Daily call OI change surprise | -2.38σ (252 prior changes) |
| Daily put OI change surprise | -0.73σ (252 prior changes) |
| Daily call-minus-put growth surprise | -2.03σ (252 prior changes) |
| Daily open interest change (contracts) | -125,530 |
| Daily open interest change z-score (prior 252) | -1.83σ (252 prior changes) |
| Gamma max distance from close | +19.4% |
| Delta neutral distance from close | +3.8% |
| Prior-year sessions closer to gamma max | 73.0% 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 | 35 | -0.9% | -3.7% to +2.3% | 40% | -1.9% to +1.3% | 0.0% |
| above | Day +3 | 35 | -2.1% | -8.8% to +5.4% | 37% | -6.8% to +1.7% | 0.0% |
| above | Day +5 | 35 | -1.9% | -9.2% to +4.9% | 37% | -6.2% to +1.4% | 0.0% |
| above | Day +10 | 35 | -1.8% | -12.9% to +12.6% | 46% | -9.2% to +5.4% | 0.0% |
| below | Day +1 | 41 | -1.2% | -5.3% to +2.7% | 39% | -3.4% to +1.1% | 0.0% |
| below | Day +3 | 41 | -2.0% | -8.1% to +8.3% | 44% | -4.9% to +1.8% | 0.0% |
| below | Day +5 | 41 | -1.2% | -10.7% to +4.4% | 44% | -8.6% to +2.7% | 0.0% |
| below | Day +10 | 41 | -2.8% | -10.9% to +8.6% | 41% | -6.9% to +4.4% | 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/SOUN.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/SOUN.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/SOUN.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).