# KOPN: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 4.91 |
| Delta neutral (USD/share) | 3.34 |
| Gamma neutral (USD/share) | 4.91 |
| Gamma max (USD/share) | 4.65 |
| Open interest (contracts) | 131,126 |
| Nearest-expiration max pain (USD/share) | 0.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 3.50 |
| Net gamma exposure | 5,269,043 |
| Call wall (USD/share) | 5.00 |
| Put wall (USD/share) | 5.00 |
| Put/call open-interest ratio | 0.26 |
| Options catalyst-intensity score (0–100) | 57.5 |
| Options directional score (-100 to +100) | 42.8 |
| IV rank | 52.8 |
| Front ATM IV | +82.8% |
| Front-minus-back IV | -5.0 pp |
| Front expected move | +11.5% |
| Front ATM straddle / spot | +8.7% |
| Front 25-delta risk reversal | -145.4 pp |
| Call OI change, 1 session | -2,981 contracts · -2.8% |
| Put OI change, 1 session | -423 contracts · -1.6% |
| Call minus put OI growth, 1 session | -1.2 pp |
| Call OI change, 5 sessions | -1,674 contracts · -1.6% |
| Put OI change, 5 sessions | -434 contracts · -1.6% |
| Call minus put OI growth, 5 sessions | +0.0 pp |
| Daily call OI change surprise | -0.38σ (252 prior changes) |
| Daily put OI change surprise | -0.36σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.06σ (252 prior changes) |
| Daily open interest change (contracts) | -3,404 |
| Daily open interest change z-score (prior 252) | -0.40σ (252 prior changes) |
| Gamma max distance from close | -5.3% |
| Delta neutral distance from close | -32.0% |
| Prior-year sessions closer to gamma max | 40.5% of 252 |
| Prior-year sessions closer to delta neutral | 4.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 39 | -1.5% | -5.4% to +1.2% | 36% | -4.6% to +0.6% | 0.0% |
| above | Day +3 | 39 | -3.4% | -9.2% to +3.3% | 33% | -6.9% to 0.0% | 0.0% |
| above | Day +5 | 39 | -1.9% | -11.2% to +5.7% | 36% | -9.0% to +1.5% | 0.0% |
| above | Day +10 | 38 | -3.7% | -12.4% to +5.1% | 39% | -8.8% to +1.5% | 0.0% |
| below | Day +1 | 46 | 0.0% | -2.7% to +2.5% | 46% | -0.8% to +1.3% | 0.0% |
| below | Day +3 | 45 | 0.0% | -5.6% to +3.3% | 47% | -2.5% to +1.4% | 0.0% |
| below | Day +5 | 45 | -3.4% | -9.2% to +1.6% | 33% | -5.5% to -0.8% | -0.8% |
| below | Day +10 | 44 | -4.6% | -14.2% to +11.3% | 43% | -8.3% to +3.7% | 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/KOPN.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/KOPN.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/KOPN.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).