{"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/LVS","markdown_url":"https://halfonadouble.com/stock/LVS.md","history_url":"https://halfonadouble.com/api/v1/history/LVS.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/LVS.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":"LVS","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":38.0099983215332,"previous_close":38.31999969482422,"delta_neutral":36.607505382243076,"gamma_neutral":31.166423914009073,"gamma_max":39.166919492157334,"total_open_interest":169460,"previous_open_interest":196096,"listed_contracts":406,"listed_calls":251,"listed_puts":188,"gamma_max_distance_pct":3.043728549624056,"delta_neutral_distance_pct":-3.689800055833191,"gamma_neutral_distance_pct":-18.004669060053992,"open_interest_change_1d_pct":-13.583142950391643,"call_open_interest":116059,"put_open_interest":53401,"put_call_open_interest_ratio":0.46011942201811146,"nearest_expiration_max_pain":36.5,"nearest_expiration_max_pain_expiry":"2026-10-23","nearest_expiration_max_pain_distance_pct":-3.9726345388386077,"all_expiration_max_pain":37.5,"net_gamma_exposure":8409836.000133848,"net_gamma_exposure_per_100k_open_interest":4962726.307172104,"gamma_exposure_flip":31.166423914009073,"gamma_exposure_flip_distance_pct":-18.004669060053992,"call_wall":37.5,"call_wall_distance_pct":-1.341747813875282,"put_wall":35,"put_wall_distance_pct":-7.918964626283596,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":447},"history_summary":{"first_date":"2020-12-01","last_date":"2026-10-16","session_count":1404,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":10.714285714285714,"gamma_max_cross_count":26,"delta_neutral_cross_count":12,"gamma_max_prior_sessions_closer_pct":21.428571428571427,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":29.365079365079367,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":53.17460317460318,"open_interest_change_1d_contracts":-26636,"open_interest_change_z_252":-2.0365614620154737,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":-3.776595442646967,"open_interest_change_21_sessions_pct":-1.6796727684140291,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-18783,"put_change_contracts":-7853,"call_growth_pct":-13.929636166772962,"put_growth_pct":-12.820387240016979,"call_minus_put_growth_pp":-1.109248926755983},"five_sessions":{"call_change_contracts":-6253,"put_change_contracts":-398,"call_growth_pct":-5.112335666165216,"put_growth_pct":-0.7397907024294132,"call_minus_put_growth_pp":-4.372544963735803},"call_change_surprise":{"z_score":-2.4846052144989086,"comparison_sessions":252},"put_change_surprise":{"z_score":-1.2902682733769022,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":-0.2457933665977684,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-16","analysis_coverage":1,"catalyst_score":66.83145795240526,"directional_score":-11.694749268868556,"catalyst_reasons":["front IV premium 24.1 pp","25Δ risk reversal 17.7 pp","smile convexity -8.8 pp"],"features":{"price":38.01,"totalOi":195461,"analysisCoverage":1,"avgIvPct":230.4,"ivRank":87.7,"iv52wHighPct":255.2,"iv52wLowPct":53.23,"frontDte":7,"termPremiumPp":24.1422,"riskReversalFrontPp":17.7,"riskReversal30dPp":24.92,"butterflyFrontPp":-8.8,"butterfly30dPp":2.63,"putCallOiRatio":0.461,"putCallOiFrontRatio":0.243,"putCallVolumeFrontRatio":1.021,"optionVolume":13275,"volumeOiRatio":0.067916,"netDeltaNormalized":0.085205,"dealerDeltaNormalized":-0.084772,"gexPer100kOi":1758263.571761,"vannaPer100kOi":2876.277109,"charmPer100kOi":-883635.098562,"weekendDeltaShiftPer100kOi":-2650905.807297,"ivSurfaceRangePp":116.8,"gammaFlipDistancePct":-2.999211,"maxPainDistancePct":-1.341752,"peakCallDistancePct":-0.026309,"peakPutDistancePct":-10.549855},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/LVS.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":44,"completed_path_count":44,"latest_cross_date":"2026-04-17","horizons":[{"sessions":1,"sample_size":44,"median_return_pct":0.06269742334784612,"p25_return_pct":-0.9697004233783169,"p75_return_pct":0.998511323115342,"above_zero_pct":52.27272727272727,"median_interval_low_pct":-0.5421149426530714,"median_interval_high_pct":0.4547662510143935,"median_interval_nominal_coverage_pct":90.38582455793858,"confidence_floor_pct":0},{"sessions":3,"sample_size":44,"median_return_pct":0.6057557904264765,"p25_return_pct":-1.4133833003569074,"p75_return_pct":2.214535606085699,"above_zero_pct":52.27272727272727,"median_interval_low_pct":-0.8243571249837767,"median_interval_high_pct":1.715165542719177,"median_interval_nominal_coverage_pct":90.38582455793858,"confidence_floor_pct":0},{"sessions":5,"sample_size":44,"median_return_pct":0.7339190516789551,"p25_return_pct":-1.4319205405195767,"p75_return_pct":2.981102342809944,"above_zero_pct":56.81818181818182,"median_interval_low_pct":-0.28620783498497504,"median_interval_high_pct":1.5271838539580695,"median_interval_nominal_coverage_pct":90.38582455793858,"confidence_floor_pct":0},{"sessions":10,"sample_size":44,"median_return_pct":0.2252845237564638,"p25_return_pct":-2.9861356248766318,"p75_return_pct":4.14884043875241,"above_zero_pct":52.27272727272727,"median_interval_low_pct":-1.4562249266322658,"median_interval_high_pct":2.4144581293978895,"median_interval_nominal_coverage_pct":90.38582455793858,"confidence_floor_pct":0}]},{"direction":"below","event_count":44,"completed_path_count":44,"latest_cross_date":"2026-04-20","horizons":[{"sessions":1,"sample_size":44,"median_return_pct":0.21123428899935126,"p25_return_pct":-0.8393092620862574,"p75_return_pct":1.8513683427160865,"above_zero_pct":59.09090909090909,"median_interval_low_pct":-0.15412835751288378,"median_interval_high_pct":0.9076386344456067,"median_interval_nominal_coverage_pct":90.38582455793858,"confidence_floor_pct":0},{"sessions":3,"sample_size":44,"median_return_pct":0.11019185509951734,"p25_return_pct":-1.2514443387115493,"p75_return_pct":2.211166347366722,"above_zero_pct":50,"median_interval_low_pct":-0.19193890756961096,"median_interval_high_pct":1.6038803198113571,"median_interval_nominal_coverage_pct":90.38582455793858,"confidence_floor_pct":0},{"sessions":5,"sample_size":44,"median_return_pct":0.8793648766241002,"p25_return_pct":-2.3685908693230036,"p75_return_pct":3.1827353718132336,"above_zero_pct":54.54545454545454,"median_interval_low_pct":-0.987707463088705,"median_interval_high_pct":2.1224590867640725,"median_interval_nominal_coverage_pct":90.38582455793858,"confidence_floor_pct":0},{"sessions":10,"sample_size":44,"median_return_pct":0.7556807167652835,"p25_return_pct":-3.1510180836949537,"p75_return_pct":5.250346281549395,"above_zero_pct":52.27272727272727,"median_interval_low_pct":-1.1921928321958264,"median_interval_high_pct":3.596294910981257,"median_interval_nominal_coverage_pct":90.38582455793858,"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."}