{"schema_version":1,"publisher":"Half on a Double","data_through":"2026-10-16","frequency":"end-of-day","methodology":"market-implied-carry-v1","generation":"market-implied-carry-analytics-20260917T000000Z","canonical_url":"https://halfonadouble.com/stock/ADI","markdown_url":"https://halfonadouble.com/stock/ADI.md","history_url":"https://halfonadouble.com/api/v1/history/ADI.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/ADI.json?date=2026-10-16&public_schema=4","definitions_url":"https://halfonadouble.com/methodology.md","license_url":"https://halfonadouble.com/terms.md","disclaimer_url":"https://halfonadouble.com/disclaimer.md","symbol":"ADI","page_tier":"A","units":{"prices":"USD per share","open_interest":"option contracts","gamma_exposure":"modeled dollar-delta change per USD 1 underlying move","gamma_exposure_normalized":"modeled gamma exposure per 100,000 open option contracts","distances":"percent of close","forward_outcomes":"close-to-close percent return"},"snapshot":{"close":395.44000244140625,"previous_close":403.95001220703125,"delta_neutral":355.7319959593557,"gamma_neutral":314.8106322921623,"gamma_max":426.44900511737245,"total_open_interest":110266,"previous_open_interest":119395,"listed_contracts":771,"listed_calls":470,"listed_puts":432,"gamma_max_distance_pct":7.841645378444209,"delta_neutral_distance_pct":-10.04147436700824,"gamma_neutral_distance_pct":-20.389785972953273,"open_interest_change_1d_pct":-7.6460488295154745,"call_open_interest":74178,"put_open_interest":36088,"put_call_open_interest_ratio":0.4865054328776726,"nearest_expiration_max_pain":400,"nearest_expiration_max_pain_expiry":"2026-10-23","nearest_expiration_max_pain_distance_pct":1.1531452383271268,"all_expiration_max_pain":380,"net_gamma_exposure":7501079.856233733,"net_gamma_exposure_per_100k_open_interest":6802713.308031245,"gamma_exposure_flip":314.8106322921623,"gamma_exposure_flip_distance_pct":-20.389785972953273,"call_wall":420,"call_wall_distance_pct":6.210802500243483,"put_wall":400,"put_wall_distance_pct":1.1531452383271268,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":579},"history_summary":{"first_date":"2020-12-01","last_date":"2026-10-16","session_count":1403,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":8.333333333333332,"gamma_max_cross_count":26,"delta_neutral_cross_count":8,"gamma_max_prior_sessions_closer_pct":65.47619047619048,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":75.39682539682539,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":81.34920634920636,"open_interest_change_1d_contracts":-9129,"open_interest_change_z_252":-1.048183413338407,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":1.1206485455412494,"open_interest_change_21_sessions_pct":-16.24370494717093,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-5702,"put_change_contracts":-3427,"call_growth_pct":-7.138207310966449,"put_growth_pct":-8.672655953435404,"call_minus_put_growth_pp":1.5344486424689556},"five_sessions":{"call_change_contracts":-257,"put_change_contracts":1479,"call_growth_pct":-0.345267683213542,"put_growth_pct":4.273454881678177,"call_minus_put_growth_pp":-4.618722564891719},"call_change_surprise":{"z_score":-1.2887201117728935,"comparison_sessions":252},"put_change_surprise":{"z_score":-0.7314198614376564,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":0.3027314634804226,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-16","analysis_coverage":1,"catalyst_score":50.37224324428824,"directional_score":7.161197714040403,"catalyst_reasons":["volume/OI 0.12","front IV premium 8.8 pp"],"features":{"price":395.44,"totalOi":122004,"analysisCoverage":1,"avgIvPct":106.7,"ivRank":77.2,"iv52wHighPct":125.8,"iv52wLowPct":41.9,"frontDte":7,"termPremiumPp":8.7856,"riskReversalFrontPp":2.31,"riskReversal30dPp":1.73,"butterflyFrontPp":0.85,"butterfly30dPp":1.04,"putCallOiRatio":0.503,"putCallOiFrontRatio":0.769,"putCallVolumeFrontRatio":1.012,"optionVolume":15089,"volumeOiRatio":0.123676,"netDeltaNormalized":0.186458,"dealerDeltaNormalized":-0.185914,"gexPer100kOi":23804329.776073,"vannaPer100kOi":2581.882561,"charmPer100kOi":-854626.077834,"weekendDeltaShiftPer100kOi":-2563877.413855,"ivSurfaceRangePp":72,"gammaFlipDistancePct":5.859296,"maxPainDistancePct":-3.904511,"peakCallDistancePct":3.681975,"peakPutDistancePct":-2.640097},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/ADI.json?date=2026-10-16&public_schema=4","interpretation":"Catalyst intensity ranks unusual option pricing and activity; it does not identify the event, predict direction or recommend a trade. Directional score summarizes relative positioning under documented model conventions."},"gamma_max_cross_outcomes":[{"direction":"above","event_count":28,"completed_path_count":28,"latest_cross_date":"2026-10-01","horizons":[{"sessions":1,"sample_size":28,"median_return_pct":-0.25514923744175966,"p25_return_pct":-1.2776214154098908,"p75_return_pct":0.6053342851201737,"above_zero_pct":39.285714285714285,"median_interval_low_pct":-1.0671480406276523,"median_interval_high_pct":0.3514475633817238,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0},{"sessions":3,"sample_size":28,"median_return_pct":-1.08379847484954,"p25_return_pct":-3.382004290187765,"p75_return_pct":1.156064242521343,"above_zero_pct":39.285714285714285,"median_interval_low_pct":-2.3250716593307685,"median_interval_high_pct":0.6021233515413726,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0},{"sessions":5,"sample_size":28,"median_return_pct":-0.5004791114698481,"p25_return_pct":-3.427007880531638,"p75_return_pct":1.1119032820946118,"above_zero_pct":46.42857142857143,"median_interval_low_pct":-3.1791928981099393,"median_interval_high_pct":0.6983787343153747,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0},{"sessions":10,"sample_size":28,"median_return_pct":-1.114238738877893,"p25_return_pct":-3.662274962812542,"p75_return_pct":2.030093920258469,"above_zero_pct":39.285714285714285,"median_interval_low_pct":-3.074248994359985,"median_interval_high_pct":1.210751726191095,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0}]},{"direction":"below","event_count":28,"completed_path_count":27,"latest_cross_date":"2026-10-05","horizons":[{"sessions":1,"sample_size":28,"median_return_pct":0.23911659426391063,"p25_return_pct":-0.8270084811569517,"p75_return_pct":1.2642216405879536,"above_zero_pct":53.57142857142857,"median_interval_low_pct":-0.5909943291846687,"median_interval_high_pct":0.6510580658276588,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0},{"sessions":3,"sample_size":28,"median_return_pct":-0.8035656830548965,"p25_return_pct":-3.0132534385787917,"p75_return_pct":2.023698508085242,"above_zero_pct":46.42857142857143,"median_interval_low_pct":-2.1681837742953625,"median_interval_high_pct":1.1368587266550545,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0},{"sessions":5,"sample_size":28,"median_return_pct":0.06321324329051636,"p25_return_pct":-3.1754920726390523,"p75_return_pct":2.2102315574039135,"above_zero_pct":50,"median_interval_low_pct":-2.028042480811809,"median_interval_high_pct":0.990043732829271,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0},{"sessions":10,"sample_size":27,"median_return_pct":-2.0039919655762017,"p25_return_pct":-3.9457901431075526,"p75_return_pct":5.248574563427666,"above_zero_pct":40.74074074074074,"median_interval_low_pct":-3.8811224381353537,"median_interval_high_pct":4.242055554409929,"median_interval_nominal_coverage_pct":94.77610141038895,"confidence_floor_pct":0}]}],"missing_value_semantics":"null means unavailable; it never means zero","interpretation":"These are descriptive end-of-day model outputs. Signed GEX uses the published call-positive, put-negative convention and is not observed dealer inventory. None of the fields are live prices, predictions or investment advice."}