# WMB: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 71.28 |
| Delta neutral (USD/share) | 69.70 |
| Gamma neutral (USD/share) | 70.80 |
| Gamma max (USD/share) | 79.16 |
| Open interest (contracts) | 338,766 |
| Nearest-expiration max pain (USD/share) | 70.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 70.00 |
| Net gamma exposure | 6,116,564 |
| Confirmed GEX flip (USD/share) | 70.80 |
| Call wall (USD/share) | 75.00 |
| Put wall (USD/share) | 65.00 |
| Put/call open-interest ratio | 0.70 |
| Options catalyst-intensity score (0–100) | 41.0 |
| Options directional score (-100 to +100) | 2.9 |
| IV rank | 74.9 |
| Front-minus-back IV | 3.4 pp |
| Front 25-delta risk reversal | 1.0 pp |
| Call OI change, 1 session | -20,678 contracts · -9.4% |
| Put OI change, 1 session | -6,349 contracts · -4.4% |
| Call minus put OI growth, 1 session | -5.1 pp |
| Call OI change, 5 sessions | -41,847 contracts · -17.4% |
| Put OI change, 5 sessions | -6,095 contracts · -4.2% |
| Call minus put OI growth, 5 sessions | -13.2 pp |
| Daily call OI change surprise | -1.76σ (252 prior changes) |
| Daily put OI change surprise | -0.80σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.30σ (252 prior changes) |
| Daily open interest change (contracts) | -27,027 |
| Daily open interest change z-score (prior 252) | -1.67σ (252 prior changes) |
| Gamma max distance from close | +11.1% |
| Delta neutral distance from close | -2.2% |
| Prior-year sessions closer to gamma max | 79.8% of 252 |
| Prior-year sessions closer to delta neutral | 22.6% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 49 | -0.1% | -1.2% to +1.0% | 45% | -0.4% to +0.2% | 0.0% |
| above | Day +3 | 49 | +0.7% | -1.7% to +1.8% | 53% | -0.7% to +1.2% | 0.0% |
| above | Day +5 | 49 | +0.7% | -2.5% to +3.1% | 59% | -0.1% to +1.8% | 0.0% |
| above | Day +10 | 49 | +1.2% | -3.0% to +5.1% | 57% | -1.5% to +3.6% | 0.0% |
| below | Day +1 | 49 | +0.3% | -0.7% to +0.9% | 65% | +0.0% to +0.5% | +0.0% |
| below | Day +3 | 49 | +0.6% | -1.4% to +1.9% | 63% | +0.1% to +1.4% | +0.1% |
| below | Day +5 | 49 | +0.3% | -2.3% to +2.8% | 55% | -0.6% to +1.2% | 0.0% |
| below | Day +10 | 49 | +1.4% | -2.6% to +5.7% | 57% | -0.8% to +2.5% | 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/WMB.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/WMB.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/WMB.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).