# WEAT: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 24.00 |
| Delta neutral (USD/share) | 20.27 |
| Gamma neutral (USD/share) | 24.00 |
| Gamma max (USD/share) | 26.53 |
| Open interest (contracts) | 148,344 |
| Nearest-expiration max pain (USD/share) | 24.00 (2026-11-20) |
| All-expiration max pain (USD/share) | 22.00 |
| Net gamma exposure | 17,057,460 |
| Call wall (USD/share) | 25.00 |
| Put wall (USD/share) | 25.00 |
| Put/call open-interest ratio | 0.07 |
| Options catalyst-intensity score (0–100) | 50.3 |
| Options directional score (-100 to +100) | 35.1 |
| IV rank | 100.0 |
| Front-minus-back IV | 0.0 pp |
| Front 25-delta risk reversal | -2.6 pp |
| Call OI change, 1 session | -35,243 contracts · -20.2% |
| Put OI change, 1 session | -2,249 contracts · -19.2% |
| Call minus put OI growth, 1 session | -1.0 pp |
| Call OI change, 5 sessions | -29,548 contracts · -17.5% |
| Put OI change, 5 sessions | -2,880 contracts · -23.3% |
| Call minus put OI growth, 5 sessions | +5.8 pp |
| Daily call OI change surprise | -4.92σ (248 prior changes) |
| Daily put OI change surprise | -2.12σ (248 prior changes) |
| Daily call-minus-put growth surprise | — (189 prior changes) |
| Daily open interest change (contracts) | -37,492 |
| Daily open interest change z-score (prior 252) | -4.91σ (252 prior changes) |
| Gamma max distance from close | +10.6% |
| Delta neutral distance from close | -15.6% |
| Prior-year sessions closer to gamma max | 93.2% of 249 |
| Prior-year sessions closer to delta neutral | 0.8% of 249 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 68 | +0.2% | -1.0% to +2.0% | 51% | -0.3% to +0.7% | 0.0% |
| above | Day +3 | 68 | +0.5% | -1.2% to +2.7% | 54% | -0.6% to +1.6% | 0.0% |
| above | Day +5 | 68 | +1.6% | -1.2% to +3.4% | 59% | -0.1% to +2.5% | 0.0% |
| above | Day +10 | 68 | +0.6% | -2.1% to +3.2% | 54% | -0.6% to +1.7% | 0.0% |
| below | Day +1 | 67 | -0.1% | -1.3% to +0.7% | 49% | -0.6% to +0.4% | 0.0% |
| below | Day +3 | 67 | +0.5% | -1.7% to +2.7% | 57% | -0.3% to +1.5% | 0.0% |
| below | Day +5 | 67 | +0.6% | -1.3% to +2.3% | 58% | -0.3% to +1.4% | 0.0% |
| below | Day +10 | 67 | +1.1% | -2.2% to +4.2% | 57% | -0.2% to +2.2% | 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/WEAT.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/WEAT.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/WEAT.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).