# BHC: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/BHC
Data through: 2026-10-16 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 6.30 |
| Delta neutral (USD/share) | 6.52 |
| Gamma neutral (USD/share) | 5.65 |
| Gamma max (USD/share) | 6.65 |
| Open interest (contracts) | 138,191 |
| Nearest-expiration max pain (USD/share) | 1.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 7.00 |
| Net gamma exposure | 708,854 |
| Confirmed GEX flip (USD/share) | 5.65 |
| Call wall (USD/share) | 6.00 |
| Put wall (USD/share) | 10.00 |
| Put/call open-interest ratio | 1.72 |
| Options catalyst-intensity score (0–100) | 55.0 |
| Options directional score (-100 to +100) | -43.0 |
| IV rank | 58.9 |
| Front-minus-back IV | 17.5 pp |
| Front 25-delta risk reversal | 30.3 pp |
| Call OI change, 1 session | -14,504 contracts · -22.2% |
| Put OI change, 1 session | -21,234 contracts · -19.6% |
| Call minus put OI growth, 1 session | -2.6 pp |
| Call OI change, 5 sessions | -11,881 contracts · -18.9% |
| Put OI change, 5 sessions | -20,365 contracts · -18.9% |
| Call minus put OI growth, 5 sessions | -0.0 pp |
| Daily call OI change surprise | -5.87σ (252 prior changes) |
| Daily put OI change surprise | -5.99σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.56σ (252 prior changes) |
| Daily open interest change (contracts) | -35,738 |
| Daily open interest change z-score (prior 252) | -6.77σ (252 prior changes) |
| Gamma max distance from close | +5.6% |
| Delta neutral distance from close | +3.5% |
| Prior-year sessions closer to gamma max | 9.1% of 252 |
| Prior-year sessions closer to delta neutral | 31.7% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 25 | +0.1% | -1.7% to +1.2% | 52% | -1.3% to +1.2% | 0.0% |
| above | Day +3 | 25 | -1.5% | -3.2% to +1.8% | 40% | -2.8% to +1.0% | 0.0% |
| above | Day +5 | 25 | +0.5% | -4.2% to +3.4% | 52% | -4.2% to +3.3% | 0.0% |
| above | Day +10 | 23 | -0.4% | -7.7% to +3.0% | 48% | -4.7% to +1.3% | 0.0% |
| below | Day +1 | 25 | -0.7% | -1.6% to +0.9% | 36% | -1.6% to +0.7% | 0.0% |
| below | Day +3 | 25 | -1.3% | -2.9% to +1.3% | 40% | -2.8% to +1.0% | 0.0% |
| below | Day +5 | 24 | -1.5% | -4.8% to +1.9% | 42% | -3.8% to +1.3% | 0.0% |
| below | Day +10 | 23 | -2.8% | -9.9% to +3.0% | 35% | -7.3% to +1.4% | 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/BHC.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/BHC.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/BHC.json?date=2026-10-16&public_schema=4)

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).