# KBE: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 63.62 |
| Delta neutral (USD/share) | 74.29 |
| Gamma neutral (USD/share) | 63.62 |
| Gamma max (USD/share) | 105.00 |
| Open interest (contracts) | 215,700 |
| Nearest-expiration max pain (USD/share) | 65.00 (2026-11-20) |
| All-expiration max pain (USD/share) | 64.00 |
| Net gamma exposure | -19,857,321 |
| Call wall (USD/share) | 65.00 |
| Put wall (USD/share) | 59.00 |
| Put/call open-interest ratio | 8.95 |
| Options catalyst-intensity score (0–100) | 32.7 |
| Options directional score (-100 to +100) | -11.7 |
| IV rank | 77.0 |
| Front-minus-back IV | -0.3 pp |
| Front 25-delta risk reversal | -4.6 pp |
| Call OI change, 1 session | -154 contracts · -0.7% |
| Put OI change, 1 session | -155 contracts · -0.1% |
| Call minus put OI growth, 1 session | -0.6 pp |
| Call OI change, 5 sessions | +1,596 contracts · +7.9% |
| Put OI change, 5 sessions | +59,919 contracts · +44.7% |
| Call minus put OI growth, 5 sessions | -36.7 pp |
| Daily call OI change surprise | -0.05σ (252 prior changes) |
| Daily put OI change surprise | -0.08σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.02σ (252 prior changes) |
| Daily open interest change (contracts) | -309 |
| Daily open interest change z-score (prior 252) | -0.09σ (252 prior changes) |
| Gamma max distance from close | +65.0% |
| Delta neutral distance from close | +16.8% |
| Prior-year sessions closer to gamma max | 98.0% 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 | 18 | -0.0% | -0.5% to +0.9% | 44% | -0.1% to +0.7% | 0.0% |
| above | Day +3 | 18 | -0.1% | -0.7% to +1.6% | 50% | -0.6% to +1.0% | 0.0% |
| above | Day +5 | 18 | +0.5% | -1.1% to +2.8% | 56% | -1.1% to +1.7% | 0.0% |
| above | Day +10 | 18 | +0.4% | -0.7% to +1.8% | 56% | -0.7% to +1.1% | 0.0% |
| below | Day +1 | 17 | +0.6% | -0.4% to +1.0% | 65% | -0.4% to +1.0% | 0.0% |
| below | Day +3 | 17 | +0.7% | -1.0% to +1.9% | 53% | -1.0% to +1.9% | 0.0% |
| below | Day +5 | 17 | -0.2% | -1.1% to +1.8% | 47% | -1.1% to +1.8% | 0.0% |
| below | Day +10 | 17 | -0.2% | -1.8% to +0.6% | 41% | -1.8% to +0.6% | 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/KBE.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/KBE.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/KBE.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).