# CNQ: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 48.44 |
| Delta neutral (USD/share) | 42.66 |
| Gamma neutral (USD/share) | 31.57 |
| Gamma max (USD/share) | 52.20 |
| Open interest (contracts) | 129,487 |
| Nearest-expiration max pain (USD/share) | 50.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 40.00 |
| Net gamma exposure | 5,564,513 |
| Confirmed GEX flip (USD/share) | 31.57 |
| Call wall (USD/share) | 52.50 |
| Put wall (USD/share) | 46.00 |
| Put/call open-interest ratio | 0.54 |
| Options catalyst-intensity score (0–100) | 49.0 |
| Options directional score (-100 to +100) | 10.4 |
| IV rank | 74.7 |
| Front ATM IV | +34.9% |
| Front-minus-back IV | 1.7 pp |
| Front expected move | +4.8% |
| Front ATM straddle / spot | +5.0% |
| Front 25-delta risk reversal | -1.5 pp |
| Call OI change, 1 session | -269 contracts · -0.3% |
| Put OI change, 1 session | -78 contracts · -0.2% |
| Call minus put OI growth, 1 session | -0.1 pp |
| Call OI change, 5 sessions | +556 contracts · +0.7% |
| Put OI change, 5 sessions | +6,943 contracts · +18.1% |
| Call minus put OI growth, 5 sessions | -17.5 pp |
| Daily call OI change surprise | -0.02σ (252 prior changes) |
| Daily put OI change surprise | +0.00σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.03σ (252 prior changes) |
| Daily open interest change (contracts) | -347 |
| Daily open interest change z-score (prior 252) | -0.01σ (252 prior changes) |
| Gamma max distance from close | +7.8% |
| Delta neutral distance from close | -11.9% |
| Prior-year sessions closer to gamma max | 83.3% of 252 |
| Prior-year sessions closer to delta neutral | 35.3% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 50 | -0.1% | -1.2% to +0.9% | 42% | -0.5% to +0.2% | 0.0% |
| above | Day +3 | 50 | +0.5% | -2.2% to +2.5% | 52% | -1.6% to +2.1% | 0.0% |
| above | Day +5 | 50 | +0.3% | -2.4% to +3.1% | 52% | -1.4% to +1.8% | 0.0% |
| above | Day +10 | 50 | +0.3% | -3.6% to +4.9% | 52% | -2.3% to +2.0% | 0.0% |
| below | Day +1 | 46 | +0.1% | -1.4% to +1.6% | 52% | -0.8% to +0.5% | 0.0% |
| below | Day +3 | 46 | -0.3% | -2.5% to +2.1% | 43% | -1.5% to +0.3% | 0.0% |
| below | Day +5 | 46 | +0.2% | -2.8% to +3.1% | 52% | -1.1% to +2.0% | 0.0% |
| below | Day +10 | 46 | +0.6% | -2.7% to +5.3% | 52% | -1.6% to +4.5% | 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/CNQ.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/CNQ.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/CNQ.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).