# CNC: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 69.16 |
| Delta neutral (USD/share) | 58.64 |
| Gamma neutral (USD/share) | 54.32 |
| Gamma max (USD/share) | 71.82 |
| Open interest (contracts) | 207,182 |
| Nearest-expiration max pain (USD/share) | 66.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 30.00 |
| Net gamma exposure | 6,325,679 |
| Confirmed GEX flip (USD/share) | 54.32 |
| Call wall (USD/share) | 70.00 |
| Put wall (USD/share) | 60.00 |
| Put/call open-interest ratio | 0.47 |
| Options catalyst-intensity score (0–100) | 48.2 |
| Options directional score (-100 to +100) | 16.9 |
| IV rank | 86.8 |
| Front-minus-back IV | 5.2 pp |
| Front 25-delta risk reversal | -1.4 pp |
| Call OI change, 1 session | -20,338 contracts · -12.6% |
| Put OI change, 1 session | -9,904 contracts · -13.0% |
| Call minus put OI growth, 1 session | +0.3 pp |
| Call OI change, 5 sessions | -23,935 contracts · -14.5% |
| Put OI change, 5 sessions | -9,573 contracts · -12.6% |
| Call minus put OI growth, 5 sessions | -1.9 pp |
| Daily call OI change surprise | -1.94σ (252 prior changes) |
| Daily put OI change surprise | -1.11σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.13σ (252 prior changes) |
| Daily open interest change (contracts) | -30,242 |
| Daily open interest change z-score (prior 252) | -1.62σ (252 prior changes) |
| Gamma max distance from close | +3.8% |
| Delta neutral distance from close | -15.2% |
| Prior-year sessions closer to gamma max | 27.0% of 252 |
| Prior-year sessions closer to delta neutral | 51.2% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 30 | -0.1% | -0.8% to +0.9% | 47% | -0.7% to +0.3% | 0.0% |
| above | Day +3 | 30 | +0.1% | -2.8% to +1.8% | 50% | -1.8% to +1.4% | 0.0% |
| above | Day +5 | 30 | -1.4% | -2.5% to +3.1% | 47% | -2.2% to +1.6% | 0.0% |
| above | Day +10 | 30 | -0.0% | -4.9% to +3.1% | 50% | -2.9% to +2.4% | 0.0% |
| below | Day +1 | 27 | -0.3% | -1.1% to +0.5% | 37% | -1.0% to +0.2% | 0.0% |
| below | Day +3 | 27 | -0.9% | -3.4% to +1.6% | 37% | -2.6% to +1.1% | 0.0% |
| below | Day +5 | 27 | -1.8% | -3.5% to +1.5% | 33% | -3.1% to +0.7% | 0.0% |
| below | Day +10 | 27 | -0.7% | -3.2% to +3.0% | 44% | -2.5% to +2.0% | 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/CNC.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/CNC.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/CNC.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).