{"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/HESM","markdown_url":null,"history_url":"https://halfonadouble.com/api/v1/history/HESM.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/HESM.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":"HESM","page_tier":"B","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":30.65999984741211,"previous_close":30.6200008392334,"delta_neutral":38.93317558588485,"gamma_neutral":38.32499980926514,"gamma_max":55.60832858785072,"total_open_interest":40748,"previous_open_interest":43862,"listed_contracts":146,"listed_calls":86,"listed_puts":66,"gamma_max_distance_pct":81.37093563144425,"delta_neutral_distance_pct":26.983613110392902,"gamma_neutral_distance_pct":25,"open_interest_change_1d_pct":-7.0995394646846925,"call_open_interest":8310,"put_open_interest":32438,"put_call_open_interest_ratio":3.9034897713598076,"nearest_expiration_max_pain":36,"nearest_expiration_max_pain_expiry":"2026-11-20","nearest_expiration_max_pain_distance_pct":17.416830329953896,"all_expiration_max_pain":36,"net_gamma_exposure":-6670641.101451871,"net_gamma_exposure_per_100k_open_interest":-16370474.873495314,"gamma_exposure_flip":38.32499980926514,"gamma_exposure_flip_distance_pct":25,"call_wall":33,"call_wall_distance_pct":7.632094469124405,"put_wall":31,"put_wall_distance_pct":1.108937228571411,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":1043},"history_summary":null,"advanced_options":{"data_through":"2026-10-16","analysis_coverage":1,"catalyst_score":null,"directional_score":null,"catalyst_reasons":[],"features":{"price":30.66,"totalOi":44027,"analysisCoverage":1,"avgIvPct":437.3,"ivRank":100,"iv52wHighPct":437.3,"iv52wLowPct":27.3,"frontDte":35,"termPremiumPp":2.8449,"riskReversalFrontPp":-57.26,"riskReversal30dPp":-57.26,"butterflyFrontPp":-2.17,"butterfly30dPp":-2.17,"putCallOiRatio":2.907,"putCallOiFrontRatio":1.582,"putCallVolumeFrontRatio":4.431,"optionVolume":2175,"volumeOiRatio":0.049402,"netDeltaNormalized":-0.359351,"dealerDeltaNormalized":0.356918,"gexPer100kOi":-3589457.514707,"vannaPer100kOi":-833.579394,"charmPer100kOi":-101642.17412,"weekendDeltaShiftPer100kOi":-304928.793695,"ivSurfaceRangePp":69.2,"gammaFlipDistancePct":-2.250489,"maxPainDistancePct":17.41683,"peakCallDistancePct":-5.41422,"peakPutDistancePct":17.41683},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/HESM.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":[],"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."}