# KEY: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 20.08 |
| Delta neutral (USD/share) | 20.04 |
| Gamma neutral (USD/share) | 19.36 |
| Gamma max (USD/share) | 22.63 |
| Open interest (contracts) | 103,615 |
| Nearest-expiration max pain (USD/share) | 21.00 (2026-10-16) |
| All-expiration max pain (USD/share) | 20.00 |
| Net gamma exposure | 2,221,659 |
| Confirmed GEX flip (USD/share) | 19.36 |
| Call wall (USD/share) | 22.00 |
| Put wall (USD/share) | 20.00 |
| Put/call open-interest ratio | 0.67 |
| Options catalyst-intensity score (0–100) | 42.5 |
| Options directional score (-100 to +100) | -15.1 |
| IV rank | 16.4 |
| Front ATM IV | +25.6% |
| Front-minus-back IV | -0.5 pp |
| Front expected move | +5.0% |
| Front ATM straddle / spot | +4.0% |
| Front 25-delta risk reversal | 3.7 pp |
| Call OI change, 1 session | +561 contracts · +0.9% |
| Put OI change, 1 session | +86 contracts · +0.2% |
| Call minus put OI growth, 1 session | +0.7 pp |
| Call OI change, 5 sessions | +1,197 contracts · +2.0% |
| Put OI change, 5 sessions | +1,445 contracts · +3.6% |
| Call minus put OI growth, 5 sessions | -1.7 pp |
| Daily call OI change surprise | +0.09σ (252 prior changes) |
| Daily put OI change surprise | +0.07σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.07σ (252 prior changes) |
| Daily open interest change (contracts) | 647 |
| Daily open interest change z-score (prior 252) | +0.10σ (252 prior changes) |
| Gamma max distance from close | +12.7% |
| Delta neutral distance from close | -0.2% |
| Prior-year sessions closer to gamma max | 88.5% of 252 |
| Prior-year sessions closer to delta neutral | 1.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 51 | -0.3% | -1.3% to +1.1% | 41% | -0.6% to +0.1% | 0.0% |
| above | Day +3 | 51 | -0.6% | -2.4% to +1.8% | 43% | -1.3% to +0.4% | 0.0% |
| above | Day +5 | 51 | +0.2% | -2.6% to +3.1% | 51% | -0.9% to +1.6% | 0.0% |
| above | Day +10 | 51 | +0.8% | -3.3% to +4.2% | 57% | -1.5% to +2.0% | 0.0% |
| below | Day +1 | 50 | -0.4% | -1.9% to +1.1% | 40% | -0.8% to +0.4% | 0.0% |
| below | Day +3 | 50 | +0.2% | -2.9% to +2.0% | 54% | -1.6% to +1.1% | 0.0% |
| below | Day +5 | 50 | -0.2% | -2.6% to +2.9% | 46% | -1.5% to +1.9% | 0.0% |
| below | Day +10 | 50 | -0.1% | -4.9% to +2.8% | 50% | -2.0% to +2.3% | 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/KEY.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/KEY.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/KEY.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).