# KMI: options-positioning snapshot

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

| Published field | Value |
| --- | --- |
| Close (USD/share) | 34.20 |
| Delta neutral (USD/share) | 30.40 |
| Gamma neutral (USD/share) | 28.07 |
| Gamma max (USD/share) | 34.72 |
| Open interest (contracts) | 240,312 |
| Nearest-expiration max pain (USD/share) | 32.00 (2026-10-23) |
| All-expiration max pain (USD/share) | 30.00 |
| Net gamma exposure | 31,956,176 |
| Confirmed GEX flip (USD/share) | 28.07 |
| Call wall (USD/share) | 35.00 |
| Put wall (USD/share) | 32.00 |
| Put/call open-interest ratio | 0.54 |
| Options catalyst-intensity score (0–100) | 61.6 |
| Options directional score (-100 to +100) | -6.0 |
| IV rank | 76.6 |
| Front-minus-back IV | 9.1 pp |
| Front 25-delta risk reversal | 8.1 pp |
| Call OI change, 1 session | -30,383 contracts · -16.3% |
| Put OI change, 1 session | -9,284 contracts · -9.9% |
| Call minus put OI growth, 1 session | -6.4 pp |
| Call OI change, 5 sessions | -20,549 contracts · -11.6% |
| Put OI change, 5 sessions | -6,402 contracts · -7.1% |
| Call minus put OI growth, 5 sessions | -4.6 pp |
| Daily call OI change surprise | -2.60σ (252 prior changes) |
| Daily put OI change surprise | -0.88σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.42σ (252 prior changes) |
| Daily open interest change (contracts) | -39,667 |
| Daily open interest change z-score (prior 252) | -1.91σ (252 prior changes) |
| Gamma max distance from close | +1.5% |
| Delta neutral distance from close | -11.1% |
| Prior-year sessions closer to gamma max | 9.9% of 252 |
| Prior-year sessions closer to delta neutral | 90.9% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 40 | +0.2% | -1.0% to +0.9% | 55% | -0.3% to +0.5% | 0.0% |
| above | Day +3 | 40 | -0.0% | -1.5% to +2.1% | 50% | -1.0% to +1.5% | 0.0% |
| above | Day +5 | 39 | +0.8% | -1.5% to +2.0% | 59% | -0.2% to +1.7% | 0.0% |
| above | Day +10 | 39 | +1.1% | -3.5% to +3.4% | 59% | -1.8% to +2.7% | 0.0% |
| below | Day +1 | 40 | +0.3% | -0.5% to +1.1% | 57% | -0.1% to +0.7% | 0.0% |
| below | Day +3 | 39 | +0.1% | -1.3% to +1.6% | 51% | -0.6% to +1.1% | 0.0% |
| below | Day +5 | 39 | -0.3% | -1.8% to +3.0% | 49% | -1.5% to +1.9% | 0.0% |
| below | Day +10 | 39 | +0.1% | -2.8% to +3.8% | 51% | -1.4% to +1.7% | 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/KMI.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/KMI.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/KMI.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).