# CCXI: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/CCXI
Data through: 2026-11-13 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 11.54 |
| Delta neutral (USD/share) | 9.13 |
| Gamma neutral (USD/share) | 7.30 |
| Gamma max (USD/share) | 13.68 |
| Open interest (contracts) | 101,637 |
| Nearest-expiration max pain (USD/share) | 10.00 (2026-11-20) |
| All-expiration max pain (USD/share) | 10.00 |
| Net gamma exposure | 2,118,652 |
| Confirmed GEX flip (USD/share) | 7.30 |
| Call wall (USD/share) | 12.50 |
| Put wall (USD/share) | 12.50 |
| Put/call open-interest ratio | 0.43 |
| Net GEX sign history | positive for the last 111 sessions; negative on 14 of the past 252 |
| Max pain expiration record (past 252 sessions) | expiration close nearer the prior-session max pain on 3 of 10 expirations (30%); median distance 3.18% vs 3.05% for an unchanged prior close |
| Options catalyst-intensity score (0–100) | 47.7 |
| Options directional score (-100 to +100) | -12.0 |
| IV rank | 3.5 |
| Front-minus-back IV | 0.0 pp |
| Front 25-delta risk reversal | 142.1 pp |
| Call OI change, 1 session | +296 contracts · +0.4% |
| Put OI change, 1 session | +568 contracts · +1.9% |
| Call minus put OI growth, 1 session | -1.5 pp |
| Call OI change, 5 sessions | +3,712 contracts · +5.5% |
| Put OI change, 5 sessions | +2,295 contracts · +8.1% |
| Call minus put OI growth, 5 sessions | -2.6 pp |
| Daily call OI change surprise | — (82 prior changes) |
| Daily put OI change surprise | — (82 prior changes) |
| Daily call-minus-put growth surprise | — (82 prior changes) |
| Daily open interest change (contracts) | 864 |
| Daily open interest change z-score (prior 252) | +0.11σ (252 prior changes) |
| Gamma max distance from close | +18.5% |
| Delta neutral distance from close | -20.9% |
| Prior-year sessions closer to gamma max | 66.5% of 251 |
| Prior-year sessions closer to delta neutral | 69.3% of 251 |

## Recent expirations vs max pain

| Expiration | Max pain (session before) | Prior close | Expiration close | Close vs max pain | Nearer |
| --- | ---: | ---: | ---: | ---: | --- |
| 2026-10-16 | 12.50 | 11.35 | 10.66 | -16.21% | Prior close |
| 2026-09-18 | 12.50 | 12.07 | 12.90 | +3.31% | Max pain |
| 2026-08-21 | 15.00 | 14.07 | 14.57 | -3.06% | Max pain |
| 2022-09-16 | 50.00 | 51.60 | 51.55 | +3.00% | Prior close |
| 2022-08-19 | 45.00 | 51.00 | 51.00 | +11.76% | Prior close |
| 2022-07-15 | 22.50 | 22.68 | 22.94 | +1.94% | Prior close |
| 2022-06-17 | 20.00 | 23.89 | 25.49 | +22.98% | Prior close |
| 2022-05-20 | 22.50 | 22.05 | 22.79 | +1.32% | Max pain |
| 2022-04-14 | 25.00 | 22.15 | 21.54 | -15.62% | Prior close |
| 2022-03-18 | 25.00 | 25.25 | 25.56 | +2.22% | Prior close |

Each expiration compares the last session before it, when it was the nearest expiration, with the expiration-session close; distances are percentages of that prior close. Underlying closes are not option settlement values. Descriptive history, not a forecast.

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 7 | +2.3% | -1.7% to +4.9% | 57% | -6.6% to +8.1% | 0.0% |
| above | Day +3 | 7 | +6.0% | -2.6% to +9.5% | 71% | -14.3% to +11.1% | 0.0% |
| above | Day +5 | 7 | +9.9% | +0.4% to +12.8% | 71% | -16.0% to +15.5% | 0.0% |
| above | Day +10 | 7 | +11.2% | +2.4% to +12.8% | 71% | -14.8% to +116.8% | 0.0% |
| below | Day +1 | 7 | +1.3% | -3.8% to +2.3% | 57% | -8.3% to +3.4% | 0.0% |
| below | Day +3 | 7 | -0.1% | -5.6% to +4.4% | 43% | -11.3% to +7.9% | 0.0% |
| below | Day +5 | 7 | +0.3% | -7.1% to +1.3% | 57% | -11.2% to +11.5% | 0.0% |
| below | Day +10 | 7 | -6.3% | -12.1% to +7.7% | 43% | -16.6% to +12.4% | 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/CCXI.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/CCXI.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/CCXI.json?date=2026-11-13&public_schema=5)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; the 60-session close-versus-max-pain chart, full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).