# CYPH: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 3.03 |
| Delta neutral (USD/share) | 1.70 |
| Gamma neutral (USD/share) | 3.03 |
| Gamma max (USD/share) | 3.81 |
| Open interest (contracts) | 158,268 |
| Nearest-expiration max pain (USD/share) | 3.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 2.50 |
| Net gamma exposure | 2,655,498 |
| Call wall (USD/share) | 5.00 |
| Put wall (USD/share) | 2.50 |
| Put/call open-interest ratio | 0.37 |
| Options catalyst-intensity score (0–100) | 82.9 |
| Options directional score (-100 to +100) | 33.5 |
| IV rank | 79.7 |
| Front ATM IV | +178.6% |
| Front-minus-back IV | 15.2 pp |
| Front expected move | +24.7% |
| Front ATM straddle / spot | +25.6% |
| Front 25-delta risk reversal | -87.7 pp |
| Call OI change, 1 session | -2,521 contracts · -2.1% |
| Put OI change, 1 session | +134 contracts · +0.3% |
| Call minus put OI growth, 1 session | -2.4 pp |
| Call OI change, 5 sessions | +16,611 contracts · +16.7% |
| Put OI change, 5 sessions | +11,352 contracts · +36.5% |
| Call minus put OI growth, 5 sessions | -19.8 pp |
| Daily call OI change surprise | — (121 prior changes) |
| Daily put OI change surprise | — (121 prior changes) |
| Daily call-minus-put growth surprise | — (121 prior changes) |
| Daily open interest change (contracts) | -2,387 |
| Daily open interest change z-score (prior 252) | — |
| Gamma max distance from close | +25.8% |
| Delta neutral distance from close | -44.0% |
| Prior-year sessions closer to gamma max | 71.3% of 136 |
| Prior-year sessions closer to delta neutral | 44.9% of 136 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 3 | -19.7% | -19.7% to -13.4% | 0% | — | – |
| above | Day +3 | 3 | -19.2% | -22.5% to -7.2% | 33% | — | – |
| above | Day +5 | 3 | -32.9% | -42.9% to -29.7% | 0% | — | – |
| above | Day +10 | 2 | -48.5% | -49.9% to -47.1% | 0% | — | – |
| below | Day +1 | 4 | -2.1% | -2.6% to -1.1% | 25% | — | – |
| below | Day +3 | 4 | -1.0% | -17.5% to +3.7% | 50% | — | – |
| below | Day +5 | 4 | -6.4% | -22.1% to +2.8% | 25% | — | – |
| below | Day +10 | 4 | -25.0% | -46.3% to -1.8% | 25% | — | – |

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/CYPH.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/CYPH.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/CYPH.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).