# COPX: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 79.98 |
| Delta neutral (USD/share) | 79.78 |
| Gamma neutral (USD/share) | 74.47 |
| Gamma max (USD/share) | 97.27 |
| Open interest (contracts) | 293,498 |
| Nearest-expiration max pain (USD/share) | 85.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 82.00 |
| Net gamma exposure | 7,729,444 |
| Confirmed GEX flip (USD/share) | 74.47 |
| Call wall (USD/share) | 95.00 |
| Put wall (USD/share) | 75.00 |
| Put/call open-interest ratio | 0.39 |
| Options catalyst-intensity score (0–100) | 59.1 |
| Options directional score (-100 to +100) | 27.9 |
| IV rank | 100.0 |
| Front-minus-back IV | 4.4 pp |
| Front 25-delta risk reversal | -11.3 pp |
| Call OI change, 1 session | -28,116 contracts · -11.8% |
| Put OI change, 1 session | -12,105 contracts · -12.8% |
| Call minus put OI growth, 1 session | +1.0 pp |
| Call OI change, 5 sessions | -25,565 contracts · -10.8% |
| Put OI change, 5 sessions | -9,727 contracts · -10.5% |
| Call minus put OI growth, 5 sessions | -0.3 pp |
| Daily call OI change surprise | -2.11σ (252 prior changes) |
| Daily put OI change surprise | -3.06σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.15σ (252 prior changes) |
| Daily open interest change (contracts) | -40,221 |
| Daily open interest change z-score (prior 252) | -2.59σ (252 prior changes) |
| Gamma max distance from close | +21.6% |
| Delta neutral distance from close | -0.2% |
| Prior-year sessions closer to gamma max | 86.5% of 252 |
| Prior-year sessions closer to delta neutral | 0.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 28 | +0.3% | -0.8% to +1.3% | 57% | -0.3% to +0.9% | 0.0% |
| above | Day +3 | 28 | -0.0% | -1.9% to +2.8% | 46% | -1.3% to +2.5% | 0.0% |
| above | Day +5 | 28 | +0.5% | -2.1% to +3.2% | 54% | -1.3% to +2.3% | 0.0% |
| above | Day +10 | 28 | +3.6% | -4.4% to +7.4% | 54% | -3.4% to +5.8% | 0.0% |
| below | Day +1 | 29 | -0.1% | -1.0% to +1.3% | 45% | -0.7% to +0.9% | 0.0% |
| below | Day +3 | 29 | +1.0% | -1.5% to +2.2% | 62% | -0.2% to +1.9% | 0.0% |
| below | Day +5 | 29 | +0.4% | -4.8% to +5.1% | 52% | -3.8% to +4.2% | 0.0% |
| below | Day +10 | 29 | +0.8% | -3.4% to +5.7% | 55% | -2.3% to +5.5% | 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/COPX.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/COPX.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/COPX.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).