# KDK: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 1.11 |
| Delta neutral (USD/share) | 0.55 |
| Gamma neutral (USD/share) | 1.11 |
| Gamma max (USD/share) | 1.00 |
| Open interest (contracts) | 103,805 |
| Nearest-expiration max pain (USD/share) | 1.50 (2026-11-20) |
| All-expiration max pain (USD/share) | 1.50 |
| Net gamma exposure | 1,114,095 |
| Call wall (USD/share) | 1.50 |
| Put wall (USD/share) | 1.50 |
| Put/call open-interest ratio | 0.14 |
| Net GEX sign history | positive for the last 286 sessions; negative on 0 of the past 252 |
| Max pain expiration record (past 252 sessions) | expiration close nearer the prior-session max pain on 2 of 12 expirations (17%); median distance 22.34% vs 3.01% for an unchanged prior close |
| Options catalyst-intensity score (0–100) | 42.3 |
| Options directional score (-100 to +100) | 40.7 |
| IV rank | 34.4 |
| Front-minus-back IV | – pp |
| Front 25-delta risk reversal | -38.5 pp |
| Call OI change, 1 session | -1 contracts · -0.0% |
| Put OI change, 1 session | +37 contracts · +0.3% |
| Call minus put OI growth, 1 session | -0.3 pp |
| Call OI change, 5 sessions | +5,421 contracts · +6.3% |
| Put OI change, 5 sessions | +424 contracts · +3.4% |
| Call minus put OI growth, 5 sessions | +2.9 pp |
| Daily call OI change surprise | -0.01σ (250 prior changes) |
| Daily put OI change surprise | +0.01σ (250 prior changes) |
| Daily call-minus-put growth surprise | +0.07σ (250 prior changes) |
| Daily open interest change (contracts) | 36 |
| Daily open interest change z-score (prior 252) | -0.01σ (252 prior changes) |
| Gamma max distance from close | -9.9% |
| Delta neutral distance from close | -50.3% |
| Prior-year sessions closer to gamma max | 25.4% of 252 |
| Prior-year sessions closer to delta neutral | 83.3% of 252 |

## Recent expirations vs max pain

| Expiration | Max pain (session before) | Prior close | Expiration close | Close vs max pain | Nearer |
| --- | ---: | ---: | ---: | ---: | --- |
| 2026-10-16 | 3.00 | 1.59 | 1.35 | -103.77% | Prior close |
| 2026-09-18 | 5.00 | 3.83 | 3.28 | -44.91% | Prior close |
| 2026-08-21 | 6.00 | 3.82 | 3.94 | -53.93% | Prior close |
| 2026-07-17 | 7.00 | 4.27 | 4.28 | -63.70% | Prior close |
| 2026-06-18 | 7.50 | 5.85 | 6.05 | -24.79% | Prior close |
| 2026-05-15 | 12.50 | 8.06 | 8.11 | -54.47% | Prior close |
| 2026-04-17 | 10.00 | 10.09 | 10.38 | +3.77% | Prior close |
| 2026-03-20 | 9.00 | 7.69 | 7.47 | -19.90% | Prior close |
| 2026-02-20 | 10.00 | 8.79 | 8.61 | -15.81% | Prior close |
| 2026-01-16 | 10.00 | 9.48 | 9.95 | -0.53% | Max pain |

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 | 1 | +7.3% | +7.3% to +7.3% | 100% | — | – |
| above | Day +3 | 1 | +13.3% | +13.3% to +13.3% | 100% | — | – |
| above | Day +5 | 1 | +21.9% | +21.9% to +21.9% | 100% | — | – |
| above | Day +10 | 1 | -5.6% | -5.6% to -5.6% | 0% | — | – |
| below | Day +1 | 4 | +0.4% | -4.2% to +12.3% | 50% | — | – |
| below | Day +3 | 4 | +5.4% | -7.3% to +19.4% | 50% | — | – |
| below | Day +5 | 4 | +9.4% | -6.5% to +24.1% | 50% | — | – |
| below | Day +10 | 3 | -5.1% | -12.3% to -0.3% | 33% | — | – |

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/KDK.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/KDK.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/KDK.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).