{"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/KO","markdown_url":"https://halfonadouble.com/stock/KO.md","history_url":"https://halfonadouble.com/api/v1/history/KO.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/KO.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":"KO","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":93.9000015258789,"previous_close":92,"delta_neutral":85.23930151589886,"gamma_neutral":83.5935840628456,"gamma_max":94.51366223225092,"total_open_interest":633419,"previous_open_interest":727841,"listed_contracts":642,"listed_calls":392,"listed_puts":362,"gamma_max_distance_pct":0.6535257682641156,"delta_neutral_distance_pct":-9.223322544455073,"gamma_neutral_distance_pct":-10.975950261505435,"open_interest_change_1d_pct":-12.972888309397245,"call_open_interest":332396,"put_open_interest":301023,"put_call_open_interest_ratio":0.9056155910420102,"nearest_expiration_max_pain":90,"nearest_expiration_max_pain_expiry":"2026-10-23","nearest_expiration_max_pain_distance_pct":-4.153356190099808,"all_expiration_max_pain":82.5,"net_gamma_exposure":63558897.83923503,"net_gamma_exposure_per_100k_open_interest":10034258.182851324,"gamma_exposure_flip":83.5935840628456,"gamma_exposure_flip_distance_pct":-10.975950261505435,"call_wall":95,"call_wall_distance_pct":1.1714573548946465,"put_wall":90,"put_wall_distance_pct":-4.153356190099808,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":160},"history_summary":{"first_date":"2020-12-01","last_date":"2026-10-16","session_count":1404,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":7.142857142857142,"gamma_max_cross_count":20,"delta_neutral_cross_count":0,"gamma_max_prior_sessions_closer_pct":9.920634920634921,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":95.23809523809523,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":15.079365079365079,"open_interest_change_1d_contracts":-94422,"open_interest_change_z_252":-2.5435019023255476,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":-3.9933855336589033,"open_interest_change_21_sessions_pct":-9.967393652706868,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-54421,"put_change_contracts":-40001,"call_growth_pct":-14.068926650069672,"put_growth_pct":-11.72967298489256,"call_minus_put_growth_pp":-2.3392536651771128},"five_sessions":{"call_change_contracts":-17321,"put_change_contracts":-9026,"call_growth_pct":-4.952861885467392,"put_growth_pct":-2.9111527532744828,"call_minus_put_growth_pp":-2.0417091321929095},"call_change_surprise":{"z_score":-2.514887651874753,"comparison_sessions":252},"put_change_surprise":{"z_score":-2.3632241283253297,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":-0.8129852052033003,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-16","analysis_coverage":1,"catalyst_score":45.30682775365805,"directional_score":-21.010973679268062,"catalyst_reasons":["volume/OI 0.09"],"features":{"price":93.9,"totalOi":730545,"analysisCoverage":1,"avgIvPct":100.9,"ivRank":58.1,"iv52wHighPct":153.8,"iv52wLowPct":27.6,"frontDte":7,"termPremiumPp":1.4442,"riskReversalFrontPp":6.49,"riskReversal30dPp":2.34,"butterflyFrontPp":-2.41,"butterfly30dPp":-3.53,"putCallOiRatio":0.923,"putCallOiFrontRatio":0.895,"putCallVolumeFrontRatio":1.048,"optionVolume":66139,"volumeOiRatio":0.090534,"netDeltaNormalized":0.172053,"dealerDeltaNormalized":-0.139105,"gexPer100kOi":12414080.538502,"vannaPer100kOi":1487.930244,"charmPer100kOi":-489258.567234,"weekendDeltaShiftPer100kOi":-1467775.838586,"ivSurfaceRangePp":137.9,"gammaFlipDistancePct":-1.480298,"maxPainDistancePct":-9.478168,"peakCallDistancePct":1.171459,"peakPutDistancePct":-0.958466},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/KO.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":24,"completed_path_count":23,"latest_cross_date":"2026-10-14","horizons":[{"sessions":1,"sample_size":24,"median_return_pct":0.16588760041259532,"p25_return_pct":-0.6423176729868058,"p75_return_pct":0.47140092538903167,"above_zero_pct":58.333333333333336,"median_interval_low_pct":-0.5756861205868491,"median_interval_high_pct":0.4490819580538652,"median_interval_nominal_coverage_pct":93.60853433609009,"confidence_floor_pct":0},{"sessions":3,"sample_size":23,"median_return_pct":-0.20549677026108215,"p25_return_pct":-1.2495647387876951,"p75_return_pct":0.4547174597538506,"above_zero_pct":43.47826086956522,"median_interval_low_pct":-0.8794840374821478,"median_interval_high_pct":0.2738850857999964,"median_interval_nominal_coverage_pct":90.68603515625,"confidence_floor_pct":0},{"sessions":5,"sample_size":23,"median_return_pct":-0.347767012081901,"p25_return_pct":-1.3569845045317108,"p75_return_pct":0.72740876704116,"above_zero_pct":39.130434782608695,"median_interval_low_pct":-1.1011195197981438,"median_interval_high_pct":0.26538372032252067,"median_interval_nominal_coverage_pct":90.68603515625,"confidence_floor_pct":0},{"sessions":10,"sample_size":23,"median_return_pct":-0.618995067426753,"p25_return_pct":-2.1816123517351182,"p75_return_pct":1.543112209629216,"above_zero_pct":43.47826086956522,"median_interval_low_pct":-1.839646716818677,"median_interval_high_pct":0.5973920208599992,"median_interval_nominal_coverage_pct":90.68603515625,"confidence_floor_pct":0}]},{"direction":"below","event_count":24,"completed_path_count":23,"latest_cross_date":"2026-10-15","horizons":[{"sessions":1,"sample_size":24,"median_return_pct":-0.28031734050482093,"p25_return_pct":-0.9467163286229541,"p75_return_pct":0.5016640923995175,"above_zero_pct":41.66666666666667,"median_interval_low_pct":-0.8278502893212747,"median_interval_high_pct":0.2613624190463959,"median_interval_nominal_coverage_pct":93.60853433609009,"confidence_floor_pct":0},{"sessions":3,"sample_size":23,"median_return_pct":-0.3677582614749597,"p25_return_pct":-1.1812722682666366,"p75_return_pct":1.2433623414013772,"above_zero_pct":43.47826086956522,"median_interval_low_pct":-1.0591724697905702,"median_interval_high_pct":0.903245928841967,"median_interval_nominal_coverage_pct":90.68603515625,"confidence_floor_pct":0},{"sessions":5,"sample_size":23,"median_return_pct":0.6451602725000116,"p25_return_pct":-1.716995508202357,"p75_return_pct":1.5286339045957997,"above_zero_pct":60.86956521739131,"median_interval_low_pct":-1.1390941969490642,"median_interval_high_pct":0.9098415717436081,"median_interval_nominal_coverage_pct":90.68603515625,"confidence_floor_pct":0},{"sessions":10,"sample_size":23,"median_return_pct":-0.13170215016858888,"p25_return_pct":-1.9626272787267363,"p75_return_pct":0.780744367910513,"above_zero_pct":43.47826086956522,"median_interval_low_pct":-1.4061245295127867,"median_interval_high_pct":0.5588659376956517,"median_interval_nominal_coverage_pct":90.68603515625,"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."}