# TLRY: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 3.04 |
| Delta neutral (USD/share) | 2.93 |
| Gamma neutral (USD/share) | 3.04 |
| Gamma max (USD/share) | 4.24 |
| Open interest (contracts) | 171,645 |
| Nearest-expiration max pain (USD/share) | 3.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 4.00 |
| Net gamma exposure | 2,268,436 |
| Call wall (USD/share) | 5.00 |
| Put wall (USD/share) | 3.00 |
| Put/call open-interest ratio | 0.29 |
| Options catalyst-intensity score (0–100) | 43.4 |
| Options directional score (-100 to +100) | 34.8 |
| IV rank | 33.8 |
| Front-minus-back IV | 4.0 pp |
| Front 25-delta risk reversal | -17.8 pp |
| Call OI change, 1 session | -20,386 contracts · -13.3% |
| Put OI change, 1 session | -3,663 contracts · -8.7% |
| Call minus put OI growth, 1 session | -4.6 pp |
| Call OI change, 5 sessions | -4,825 contracts · -3.5% |
| Put OI change, 5 sessions | -560 contracts · -1.4% |
| Call minus put OI growth, 5 sessions | -2.1 pp |
| Daily call OI change surprise | -0.24σ (246 prior changes) |
| Daily put OI change surprise | -0.26σ (246 prior changes) |
| Daily call-minus-put growth surprise | -0.43σ (246 prior changes) |
| Daily open interest change (contracts) | -24,049 |
| Daily open interest change z-score (prior 252) | -0.25σ (252 prior changes) |
| Gamma max distance from close | +39.6% |
| Delta neutral distance from close | -3.7% |
| Prior-year sessions closer to gamma max | 97.6% of 252 |
| Prior-year sessions closer to delta neutral | 29.8% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 46 | -2.2% | -5.1% to +2.6% | 37% | -3.5% to +0.2% | 0.0% |
| above | Day +3 | 46 | -3.9% | -10.1% to +7.8% | 37% | -7.1% to +1.7% | 0.0% |
| above | Day +5 | 46 | -4.2% | -15.1% to +11.4% | 37% | -10.2% to +1.7% | 0.0% |
| above | Day +10 | 46 | -6.4% | -17.8% to +11.9% | 35% | -11.5% to -1.2% | -1.2% |
| below | Day +1 | 44 | -0.8% | -4.3% to +1.7% | 41% | -2.7% to +1.0% | 0.0% |
| below | Day +3 | 44 | -1.1% | -5.9% to +2.2% | 36% | -4.0% to -0.3% | -0.3% |
| below | Day +5 | 44 | -4.4% | -11.1% to +4.1% | 32% | -8.1% to -2.1% | -2.1% |
| below | Day +10 | 44 | -8.9% | -16.6% to +4.5% | 36% | -12.8% to -1.8% | -1.8% |

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/TLRY.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/TLRY.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/TLRY.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).