# CVX: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 206.77 |
| Delta neutral (USD/share) | 191.09 |
| Gamma neutral (USD/share) | 191.96 |
| Gamma max (USD/share) | 217.93 |
| Open interest (contracts) | 479,928 |
| Nearest-expiration max pain (USD/share) | 205.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 190.00 |
| Net gamma exposure | 38,738,639 |
| Confirmed GEX flip (USD/share) | 191.96 |
| Call wall (USD/share) | 210.00 |
| Put wall (USD/share) | 200.00 |
| Put/call open-interest ratio | 0.70 |
| Options catalyst-intensity score (0–100) | 43.0 |
| Options directional score (-100 to +100) | 0.9 |
| IV rank | 66.3 |
| Front ATM IV | +27.2% |
| Front-minus-back IV | -1.8 pp |
| Front expected move | +3.8% |
| Front ATM straddle / spot | +2.7% |
| Front 25-delta risk reversal | -0.9 pp |
| Call OI change, 1 session | -20,728 contracts · -6.8% |
| Put OI change, 1 session | -9,734 contracts · -4.7% |
| Call minus put OI growth, 1 session | -2.2 pp |
| Call OI change, 5 sessions | +15,409 contracts · +5.8% |
| Put OI change, 5 sessions | +8,035 contracts · +4.2% |
| Call minus put OI growth, 5 sessions | +1.6 pp |
| Daily call OI change surprise | -1.00σ (252 prior changes) |
| Daily put OI change surprise | -0.76σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.65σ (252 prior changes) |
| Daily open interest change (contracts) | -30,462 |
| Daily open interest change z-score (prior 252) | -0.94σ (252 prior changes) |
| Gamma max distance from close | +5.4% |
| Delta neutral distance from close | -7.6% |
| Prior-year sessions closer to gamma max | 46.0% of 252 |
| Prior-year sessions closer to delta neutral | 65.9% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 18 | -0.4% | -1.4% to +0.4% | 44% | -1.2% to +0.3% | 0.0% |
| above | Day +3 | 18 | +0.7% | -1.3% to +2.3% | 61% | -1.2% to +2.2% | 0.0% |
| above | Day +5 | 18 | +0.7% | -1.4% to +2.4% | 61% | -1.4% to +2.3% | 0.0% |
| above | Day +10 | 18 | +2.0% | -3.0% to +3.7% | 67% | -1.2% to +3.7% | 0.0% |
| below | Day +1 | 18 | +1.1% | -0.3% to +1.7% | 72% | +0.2% to +1.7% | +0.2% |
| below | Day +3 | 18 | +1.7% | +0.1% to +1.9% | 78% | +0.3% to +1.9% | +0.3% |
| below | Day +5 | 18 | +1.3% | -1.7% to +3.3% | 67% | -1.6% to +2.9% | 0.0% |
| below | Day +10 | 18 | +2.7% | -0.6% to +4.9% | 67% | -0.2% to +4.6% | 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/CVX.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/CVX.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/CVX.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).