# CPNG: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 14.27 |
| Delta neutral (USD/share) | 12.78 |
| Gamma neutral (USD/share) | 14.27 |
| Gamma max (USD/share) | 18.30 |
| Open interest (contracts) | 566,880 |
| Nearest-expiration max pain (USD/share) | 15.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 15.00 |
| Net gamma exposure | 17,306,548 |
| Call wall (USD/share) | 17.00 |
| Put wall (USD/share) | 15.00 |
| Put/call open-interest ratio | 0.19 |
| Options catalyst-intensity score (0–100) | 36.7 |
| Options directional score (-100 to +100) | 1.6 |
| IV rank | 83.3 |
| Front-minus-back IV | -4.9 pp |
| Front 25-delta risk reversal | 10.8 pp |
| Call OI change, 1 session | -20,409 contracts · -4.1% |
| Put OI change, 1 session | -12,914 contracts · -12.4% |
| Call minus put OI growth, 1 session | +8.2 pp |
| Call OI change, 5 sessions | -8,368 contracts · -1.7% |
| Put OI change, 5 sessions | -9,882 contracts · -9.7% |
| Call minus put OI growth, 5 sessions | +8.0 pp |
| Daily call OI change surprise | -0.92σ (252 prior changes) |
| Daily put OI change surprise | -1.63σ (252 prior changes) |
| Daily call-minus-put growth surprise | +2.35σ (252 prior changes) |
| Daily open interest change (contracts) | -33,323 |
| Daily open interest change z-score (prior 252) | -1.15σ (252 prior changes) |
| Gamma max distance from close | +28.3% |
| Delta neutral distance from close | -10.4% |
| Prior-year sessions closer to gamma max | 88.5% of 252 |
| Prior-year sessions closer to delta neutral | 71.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 29 | -0.2% | -1.4% to +1.5% | 41% | -0.4% to +0.8% | 0.0% |
| above | Day +3 | 29 | -0.5% | -3.1% to +1.4% | 41% | -2.9% to +0.5% | 0.0% |
| above | Day +5 | 29 | -0.7% | -3.9% to +1.6% | 45% | -3.5% to +0.8% | 0.0% |
| above | Day +10 | 29 | 0.0% | -4.6% to +3.0% | 48% | -2.0% to +2.5% | 0.0% |
| below | Day +1 | 26 | +0.6% | -0.4% to +1.7% | 62% | -0.1% to +1.1% | 0.0% |
| below | Day +3 | 26 | +1.2% | -1.1% to +3.1% | 65% | -0.2% to +2.2% | 0.0% |
| below | Day +5 | 26 | +0.2% | -2.0% to +3.2% | 54% | -1.1% to +2.2% | 0.0% |
| below | Day +10 | 26 | +1.3% | -3.0% to +4.5% | 54% | -1.1% to +4.1% | 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/CPNG.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/CPNG.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/CPNG.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).