# BNO: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/BNO
Data through: 2026-10-02 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 63.10 |
| Delta neutral (USD/share) | 49.40 |
| Gamma neutral (USD/share) | 32.95 |
| Gamma max (USD/share) | 63.36 |
| Open interest (contracts) | 298,741 |
| Nearest-expiration max pain (USD/share) | 58.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 50.00 |
| Net gamma exposure | 31,212,015 |
| Confirmed GEX flip (USD/share) | 32.95 |
| Call wall (USD/share) | 60.00 |
| Put wall (USD/share) | 60.00 |
| Put/call open-interest ratio | 0.21 |
| Options catalyst-intensity score (0–100) | 57.1 |
| Options directional score (-100 to +100) | 13.2 |
| IV rank | 80.5 |
| Front ATM IV | +53.2% |
| Front-minus-back IV | 0.7 pp |
| Front expected move | +7.4% |
| Front ATM straddle / spot | +5.0% |
| Front 25-delta risk reversal | 1.4 pp |
| Call OI change, 1 session | -8,781 contracts · -3.4% |
| Put OI change, 1 session | -3,305 contracts · -6.0% |
| Call minus put OI growth, 1 session | +2.6 pp |
| Call OI change, 5 sessions | +2,035 contracts · +0.8% |
| Put OI change, 5 sessions | +2,283 contracts · +4.6% |
| Call minus put OI growth, 5 sessions | -3.8 pp |
| Daily call OI change surprise | -0.60σ (252 prior changes) |
| Daily put OI change surprise | -1.65σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.37σ (250 prior changes) |
| Daily open interest change (contracts) | -12,086 |
| Daily open interest change z-score (prior 252) | -0.76σ (252 prior changes) |
| Gamma max distance from close | +0.4% |
| Delta neutral distance from close | -21.7% |
| Prior-year sessions closer to gamma max | 4.0% of 252 |
| Prior-year sessions closer to delta neutral | 52.8% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 62 | +0.2% | -0.9% to +1.3% | 56% | -0.2% to +0.7% | 0.0% |
| above | Day +3 | 61 | +0.1% | -2.1% to +2.6% | 52% | -0.4% to +1.0% | 0.0% |
| above | Day +5 | 61 | +0.9% | -2.1% to +3.9% | 56% | -0.5% to +2.1% | 0.0% |
| above | Day +10 | 61 | +0.4% | -3.3% to +4.4% | 56% | -0.8% to +2.9% | 0.0% |
| below | Day +1 | 59 | +0.1% | -1.7% to +1.4% | 53% | -0.5% to +0.6% | 0.0% |
| below | Day +3 | 59 | +0.9% | -2.1% to +3.0% | 59% | -0.3% to +1.9% | 0.0% |
| below | Day +5 | 59 | +0.4% | -1.9% to +3.5% | 56% | -0.2% to +2.1% | 0.0% |
| below | Day +10 | 59 | +1.6% | -1.9% to +4.6% | 66% | +0.4% to +3.7% | +0.4% |

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/BNO.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/BNO.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/BNO.json?date=2026-10-02)

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).