# TXN: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 276.48 |
| Delta neutral (USD/share) | 264.20 |
| Gamma neutral (USD/share) | 260.53 |
| Gamma max (USD/share) | 316.86 |
| Open interest (contracts) | 194,947 |
| Nearest-expiration max pain (USD/share) | 277.50 (2026-10-23) |
| All-expiration max pain (USD/share) | 265.00 |
| Net gamma exposure | 4,101,485 |
| Confirmed GEX flip (USD/share) | 260.53 |
| Call wall (USD/share) | 310.00 |
| Put wall (USD/share) | 260.00 |
| Put/call open-interest ratio | 0.82 |
| Options catalyst-intensity score (0–100) | 72.3 |
| Options directional score (-100 to +100) | 7.7 |
| IV rank | 100.0 |
| Front-minus-back IV | 37.8 pp |
| Front 25-delta risk reversal | -6.1 pp |
| Call OI change, 1 session | -28,074 contracts · -20.8% |
| Put OI change, 1 session | -12,196 contracts · -12.2% |
| Call minus put OI growth, 1 session | -8.6 pp |
| Call OI change, 5 sessions | -15,299 contracts · -12.5% |
| Put OI change, 5 sessions | -5,886 contracts · -6.3% |
| Call minus put OI growth, 5 sessions | -6.2 pp |
| Daily call OI change surprise | -2.69σ (252 prior changes) |
| Daily put OI change surprise | -1.42σ (252 prior changes) |
| Daily call-minus-put growth surprise | -2.94σ (252 prior changes) |
| Daily open interest change (contracts) | -40,270 |
| Daily open interest change z-score (prior 252) | -2.16σ (252 prior changes) |
| Gamma max distance from close | +14.6% |
| Delta neutral distance from close | -4.4% |
| Prior-year sessions closer to gamma max | 74.6% of 252 |
| Prior-year sessions closer to delta neutral | 34.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 16 | -0.6% | -1.6% to +0.8% | 44% | -1.5% to +0.7% | 0.0% |
| above | Day +3 | 16 | -0.9% | -2.4% to +2.4% | 38% | -2.0% to +2.0% | 0.0% |
| above | Day +5 | 16 | -0.5% | -2.8% to +2.2% | 38% | -2.8% to +1.9% | 0.0% |
| above | Day +10 | 16 | +0.8% | -5.4% to +5.1% | 63% | -5.0% to +4.8% | 0.0% |
| below | Day +1 | 16 | +0.0% | -0.9% to +1.5% | 50% | -0.9% to +1.5% | 0.0% |
| below | Day +3 | 16 | -0.0% | -2.0% to +1.0% | 50% | -1.9% to +0.7% | 0.0% |
| below | Day +5 | 16 | +1.5% | -2.0% to +2.5% | 63% | -1.7% to +2.4% | 0.0% |
| below | Day +10 | 16 | -1.1% | -5.0% to +4.9% | 44% | -4.8% to +4.9% | 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/TXN.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/TXN.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/TXN.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).