# KHC: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 22.19 |
| Delta neutral (USD/share) | 22.75 |
| Gamma neutral (USD/share) | 21.63 |
| Gamma max (USD/share) | 23.78 |
| Open interest (contracts) | 351,718 |
| Nearest-expiration max pain (USD/share) | 23.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 23.50 |
| Net gamma exposure | 9,707,496 |
| Confirmed GEX flip (USD/share) | 21.63 |
| Call wall (USD/share) | 25.00 |
| Put wall (USD/share) | 22.50 |
| Put/call open-interest ratio | 0.55 |
| Options catalyst-intensity score (0–100) | 53.6 |
| Options directional score (-100 to +100) | 30.9 |
| IV rank | 92.5 |
| Front ATM IV | +27.4% |
| Front-minus-back IV | -3.1 pp |
| Front expected move | +3.8% |
| Front ATM straddle / spot | +2.7% |
| Front 25-delta risk reversal | -121.3 pp |
| Call OI change, 1 session | -46,979 contracts · -17.1% |
| Put OI change, 1 session | -4,929 contracts · -3.8% |
| Call minus put OI growth, 1 session | -13.3 pp |
| Call OI change, 5 sessions | +3,194 contracts · +1.4% |
| Put OI change, 5 sessions | +3,611 contracts · +3.0% |
| Call minus put OI growth, 5 sessions | -1.6 pp |
| Daily call OI change surprise | -2.20σ (252 prior changes) |
| Daily put OI change surprise | -0.60σ (252 prior changes) |
| Daily call-minus-put growth surprise | -2.10σ (252 prior changes) |
| Daily open interest change (contracts) | -51,908 |
| Daily open interest change z-score (prior 252) | -1.89σ (252 prior changes) |
| Gamma max distance from close | +7.2% |
| Delta neutral distance from close | +2.5% |
| Prior-year sessions closer to gamma max | 81.7% of 252 |
| Prior-year sessions closer to delta neutral | 40.5% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 36 | +0.5% | -0.3% to +1.1% | 69% | +0.1% to +0.9% | +0.1% |
| above | Day +3 | 36 | +0.2% | -1.4% to +1.2% | 56% | -0.7% to +0.6% | 0.0% |
| above | Day +5 | 36 | -0.2% | -1.6% to +2.4% | 47% | -1.2% to +1.6% | 0.0% |
| above | Day +10 | 36 | +1.6% | -3.9% to +3.1% | 56% | -2.0% to +2.5% | 0.0% |
| below | Day +1 | 38 | -0.2% | -1.0% to +0.1% | 34% | -0.7% to 0.0% | 0.0% |
| below | Day +3 | 38 | -0.4% | -0.7% to +1.2% | 47% | -0.6% to +0.5% | 0.0% |
| below | Day +5 | 38 | +0.1% | -2.4% to +2.0% | 53% | -1.4% to +1.1% | 0.0% |
| below | Day +10 | 38 | +0.3% | -2.3% to +2.3% | 50% | -0.8% to +1.8% | 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/KHC.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/KHC.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/KHC.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).