# CIFR: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 8.98 |
| Delta neutral (USD/share) | 8.68 |
| Gamma neutral (USD/share) | 2.37 |
| Gamma max (USD/share) | 12.42 |
| Open interest (contracts) | 1,782,961 |
| Nearest-expiration max pain (USD/share) | 11.50 (2026-10-23) |
| All-expiration max pain (USD/share) | 12.50 |
| Net gamma exposure | 28,811,231 |
| Confirmed GEX flip (USD/share) | 2.37 |
| Call wall (USD/share) | 15.00 |
| Put wall (USD/share) | 10.00 |
| Put/call open-interest ratio | 0.31 |
| Options catalyst-intensity score (0–100) | 69.5 |
| Options directional score (-100 to +100) | 5.8 |
| IV rank | 100.0 |
| Front-minus-back IV | 12.9 pp |
| Front 25-delta risk reversal | 5.5 pp |
| Call OI change, 1 session | -151,226 contracts · -10.0% |
| Put OI change, 1 session | -45,817 contracts · -9.9% |
| Call minus put OI growth, 1 session | -0.1 pp |
| Call OI change, 5 sessions | +160,510 contracts · +13.3% |
| Put OI change, 5 sessions | -3,000 contracts · -0.7% |
| Call minus put OI growth, 5 sessions | +14.0 pp |
| Daily call OI change surprise | -2.68σ (252 prior changes) |
| Daily put OI change surprise | -1.43σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.02σ (252 prior changes) |
| Daily open interest change (contracts) | -197,043 |
| Daily open interest change z-score (prior 252) | -2.32σ (252 prior changes) |
| Gamma max distance from close | +38.3% |
| Delta neutral distance from close | -3.4% |
| Prior-year sessions closer to gamma max | 97.6% of 252 |
| Prior-year sessions closer to delta neutral | 1.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 31 | -0.6% | -3.1% to +2.2% | 45% | -2.2% to +1.7% | 0.0% |
| above | Day +3 | 31 | +0.6% | -6.4% to +11.9% | 52% | -4.6% to +6.6% | 0.0% |
| above | Day +5 | 31 | -1.0% | -11.4% to +14.7% | 48% | -5.7% to +5.2% | 0.0% |
| above | Day +10 | 31 | -6.3% | -17.0% to +28.5% | 48% | -9.5% to +14.2% | 0.0% |
| below | Day +1 | 44 | +0.1% | -2.7% to +2.9% | 50% | -1.3% to +1.7% | 0.0% |
| below | Day +3 | 44 | -2.0% | -8.1% to +7.4% | 45% | -6.6% to +5.4% | 0.0% |
| below | Day +5 | 44 | +2.4% | -11.3% to +10.3% | 57% | -1.7% to +6.6% | 0.0% |
| below | Day +10 | 44 | -0.3% | -15.9% to +15.6% | 45% | -7.1% to +3.4% | 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/CIFR.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/CIFR.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/CIFR.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).