# XLI: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 167.76 |
| Delta neutral (USD/share) | 175.09 |
| Gamma neutral (USD/share) | 181.60 |
| Gamma max (USD/share) | 195.97 |
| Open interest (contracts) | 504,946 |
| Nearest-expiration max pain (USD/share) | 169.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 172.00 |
| Net gamma exposure | -70,514,427 |
| Confirmed GEX flip (USD/share) | 181.60 |
| Call wall (USD/share) | 180.00 |
| Put wall (USD/share) | 160.00 |
| Put/call open-interest ratio | 1.88 |
| Options catalyst-intensity score (0–100) | 57.8 |
| Options directional score (-100 to +100) | -41.6 |
| IV rank | 91.5 |
| Front-minus-back IV | 4.7 pp |
| Front 25-delta risk reversal | 12.8 pp |
| Call OI change, 1 session | -32,390 contracts · -15.6% |
| Put OI change, 1 session | -10,968 contracts · -3.2% |
| Call minus put OI growth, 1 session | -12.4 pp |
| Call OI change, 5 sessions | -14,141 contracts · -7.5% |
| Put OI change, 5 sessions | +9,694 contracts · +3.0% |
| Call minus put OI growth, 5 sessions | -10.5 pp |
| Daily call OI change surprise | -2.47σ (252 prior changes) |
| Daily put OI change surprise | -0.31σ (252 prior changes) |
| Daily call-minus-put growth surprise | -2.31σ (252 prior changes) |
| Daily open interest change (contracts) | -43,358 |
| Daily open interest change z-score (prior 252) | -0.97σ (252 prior changes) |
| Gamma max distance from close | +16.8% |
| Delta neutral distance from close | +4.4% |
| Prior-year sessions closer to gamma max | 77.0% of 252 |
| Prior-year sessions closer to delta neutral | 91.3% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 14 | +0.1% | -0.5% to +0.3% | 57% | -0.5% to +0.4% | 0.0% |
| above | Day +3 | 14 | -0.1% | -0.4% to +0.5% | 36% | -0.4% to +0.7% | 0.0% |
| above | Day +5 | 14 | +0.7% | -0.9% to +1.0% | 64% | -1.1% to +1.0% | 0.0% |
| above | Day +10 | 14 | +0.9% | +0.6% to +2.0% | 79% | +0.6% to +2.1% | +0.6% |
| below | Day +1 | 13 | -0.2% | -0.3% to +0.4% | 46% | -0.3% to +0.4% | 0.0% |
| below | Day +3 | 13 | +0.1% | -0.2% to +0.6% | 69% | -0.2% to +0.6% | 0.0% |
| below | Day +5 | 13 | +0.4% | -0.4% to +0.9% | 62% | -0.4% to +0.9% | 0.0% |
| below | Day +10 | 13 | +0.8% | +0.0% to +2.7% | 77% | +0.0% to +2.7% | +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/XLI.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/XLI.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/XLI.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).