# KO: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 85.65 |
| Delta neutral (USD/share) | 82.40 |
| Gamma neutral (USD/share) | 83.22 |
| Gamma max (USD/share) | 89.44 |
| Open interest (contracts) | 648,593 |
| Nearest-expiration max pain (USD/share) | 87.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 82.50 |
| Net gamma exposure | 36,042,942 |
| Confirmed GEX flip (USD/share) | 83.22 |
| Call wall (USD/share) | 90.00 |
| Put wall (USD/share) | 85.00 |
| Put/call open-interest ratio | 0.88 |
| Options catalyst-intensity score (0–100) | 48.1 |
| Options directional score (-100 to +100) | -13.0 |
| IV rank | 64.3 |
| Front ATM IV | +19.4% |
| Front-minus-back IV | -1.4 pp |
| Front expected move | +2.7% |
| Front ATM straddle / spot | +1.9% |
| Front 25-delta risk reversal | 0.8 pp |
| Call OI change, 1 session | -23,420 contracts · -6.4% |
| Put OI change, 1 session | -6,330 contracts · -2.0% |
| Call minus put OI growth, 1 session | -4.3 pp |
| Call OI change, 5 sessions | +21,447 contracts · +6.6% |
| Put OI change, 5 sessions | +11,143 contracts · +3.8% |
| Call minus put OI growth, 5 sessions | +2.8 pp |
| Daily call OI change surprise | -1.08σ (252 prior changes) |
| Daily put OI change surprise | -0.38σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.55σ (252 prior changes) |
| Daily open interest change (contracts) | -29,750 |
| Daily open interest change z-score (prior 252) | -0.80σ (252 prior changes) |
| Gamma max distance from close | +4.4% |
| Delta neutral distance from close | -3.8% |
| Prior-year sessions closer to gamma max | 83.7% of 252 |
| Prior-year sessions closer to delta neutral | 28.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 23 | +0.2% | -0.7% to +0.5% | 57% | -0.6% to +0.4% | 0.0% |
| above | Day +3 | 23 | -0.2% | -1.2% to +0.5% | 43% | -0.9% to +0.3% | 0.0% |
| above | Day +5 | 23 | -0.3% | -1.4% to +0.7% | 39% | -1.1% to +0.3% | 0.0% |
| above | Day +10 | 23 | -0.6% | -2.2% to +1.5% | 43% | -1.8% to +0.6% | 0.0% |
| below | Day +1 | 23 | -0.3% | -1.0% to +0.4% | 39% | -0.8% to +0.1% | 0.0% |
| below | Day +3 | 23 | -0.4% | -1.2% to +1.2% | 43% | -1.1% to +0.9% | 0.0% |
| below | Day +5 | 23 | +0.6% | -1.7% to +1.5% | 61% | -1.1% to +0.9% | 0.0% |
| below | Day +10 | 23 | -0.1% | -2.0% to +0.8% | 43% | -1.4% 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/KO.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/KO.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/KO.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).