# KBE: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 64.36 |
| Delta neutral (USD/share) | 70.50 |
| Gamma neutral (USD/share) | 64.36 |
| Gamma max (USD/share) | 100.00 |
| Open interest (contracts) | 153,043 |
| Nearest-expiration max pain (USD/share) | 68.00 (2026-10-16) |
| All-expiration max pain (USD/share) | 65.00 |
| Net gamma exposure | -13,507,360 |
| Call wall (USD/share) | 65.00 |
| Put wall (USD/share) | 59.00 |
| Put/call open-interest ratio | 7.03 |
| Options catalyst-intensity score (0–100) | 34.2 |
| Options directional score (-100 to +100) | -27.9 |
| IV rank | 23.1 |
| Front ATM IV | +26.2% |
| Front-minus-back IV | 2.5 pp |
| Front expected move | +5.1% |
| Front ATM straddle / spot | +3.8% |
| Front 25-delta risk reversal | 0.5 pp |
| Call OI change, 1 session | +87 contracts · +0.5% |
| Put OI change, 1 session | +17 contracts · +0.0% |
| Call minus put OI growth, 1 session | +0.4 pp |
| Call OI change, 5 sessions | +233 contracts · +1.2% |
| Put OI change, 5 sessions | +47 contracts · +0.0% |
| Call minus put OI growth, 5 sessions | +1.2 pp |
| Daily call OI change surprise | +0.05σ (252 prior changes) |
| Daily put OI change surprise | -0.04σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.03σ (252 prior changes) |
| Daily open interest change (contracts) | 104 |
| Daily open interest change z-score (prior 252) | -0.03σ (252 prior changes) |
| Gamma max distance from close | +55.4% |
| Delta neutral distance from close | +9.5% |
| Prior-year sessions closer to gamma max | 96.0% of 252 |
| Prior-year sessions closer to delta neutral | 52.0% 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 | -0.0% | -0.5% to +0.9% | 44% | -0.1% to +0.7% | 0.0% |
| above | Day +3 | 18 | -0.1% | -0.7% to +1.6% | 50% | -0.6% to +1.0% | 0.0% |
| above | Day +5 | 18 | +0.5% | -1.1% to +2.8% | 56% | -1.1% to +1.7% | 0.0% |
| above | Day +10 | 18 | +0.4% | -0.7% to +1.8% | 56% | -0.7% to +1.1% | 0.0% |
| below | Day +1 | 17 | +0.6% | -0.4% to +1.0% | 65% | -0.4% to +1.0% | 0.0% |
| below | Day +3 | 17 | +0.7% | -1.0% to +1.9% | 53% | -1.0% to +1.9% | 0.0% |
| below | Day +5 | 17 | -0.2% | -1.1% to +1.8% | 47% | -1.1% to +1.8% | 0.0% |
| below | Day +10 | 17 | -0.2% | -1.8% to +0.6% | 41% | -1.8% to +0.6% | 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/KBE.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/KBE.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/KBE.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).