# BNO: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 67.19 |
| Delta neutral (USD/share) | 48.90 |
| Gamma neutral (USD/share) | 35.49 |
| Gamma max (USD/share) | 64.36 |
| Open interest (contracts) | 196,348 |
| Nearest-expiration max pain (USD/share) | 59.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 52.00 |
| Net gamma exposure | 19,143,963 |
| Confirmed GEX flip (USD/share) | 35.49 |
| Call wall (USD/share) | 65.00 |
| Put wall (USD/share) | 60.00 |
| Put/call open-interest ratio | 0.23 |
| Options catalyst-intensity score (0–100) | 55.1 |
| Options directional score (-100 to +100) | 27.9 |
| IV rank | 90.0 |
| Front-minus-back IV | 4.0 pp |
| Front 25-delta risk reversal | -1.5 pp |
| Call OI change, 1 session | -88,338 contracts · -35.6% |
| Put OI change, 1 session | -29,010 contracts · -44.3% |
| Call minus put OI growth, 1 session | +8.7 pp |
| Call OI change, 5 sessions | -88,578 contracts · -35.7% |
| Put OI change, 5 sessions | -20,762 contracts · -36.3% |
| Call minus put OI growth, 5 sessions | +0.6 pp |
| Daily call OI change surprise | -5.50σ (252 prior changes) |
| Daily put OI change surprise | -13.49σ (252 prior changes) |
| Daily call-minus-put growth surprise | +1.26σ (250 prior changes) |
| Daily open interest change (contracts) | -117,348 |
| Daily open interest change z-score (prior 252) | -6.73σ (252 prior changes) |
| Gamma max distance from close | -4.2% |
| Delta neutral distance from close | -27.2% |
| Prior-year sessions closer to gamma max | 46.8% of 252 |
| Prior-year sessions closer to delta neutral | 74.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 62 | +0.2% | -0.9% to +1.3% | 56% | -0.2% to +0.7% | 0.0% |
| above | Day +3 | 62 | +0.1% | -2.0% to +2.5% | 52% | -0.4% to +0.9% | 0.0% |
| above | Day +5 | 62 | +1.0% | -2.1% to +3.9% | 56% | -0.5% to +1.6% | 0.0% |
| above | Day +10 | 62 | +0.5% | -3.1% to +4.4% | 56% | -0.8% to +2.9% | 0.0% |
| below | Day +1 | 60 | +0.1% | -1.8% to +1.3% | 52% | -0.5% to +0.5% | 0.0% |
| below | Day +3 | 60 | +0.9% | -2.1% to +2.9% | 58% | -0.3% to +1.8% | 0.0% |
| below | Day +5 | 60 | +0.4% | -1.9% to +3.5% | 57% | -0.1% to +1.8% | 0.0% |
| below | Day +10 | 60 | +1.6% | -1.8% to +4.8% | 67% | +0.4% to +3.7% | +0.4% |

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/BNO.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/BNO.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/BNO.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).