{"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/PAYC","markdown_url":null,"history_url":"https://halfonadouble.com/api/v1/history/PAYC.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/PAYC.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":"PAYC","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":251.63999938964844,"previous_close":252.8699951171875,"delta_neutral":230.25237273015054,"gamma_neutral":244.1714772928825,"gamma_max":298.2751925521562,"total_open_interest":16739,"previous_open_interest":18341,"listed_contracts":261,"listed_calls":203,"listed_puts":174,"gamma_max_distance_pct":18.53250408346098,"delta_neutral_distance_pct":-8.499295307333284,"gamma_neutral_distance_pct":-2.9679391650297196,"open_interest_change_1d_pct":-8.734529196881304,"call_open_interest":7305,"put_open_interest":9434,"put_call_open_interest_ratio":1.2914442162902122,"nearest_expiration_max_pain":200,"nearest_expiration_max_pain_expiry":"2026-11-20","nearest_expiration_max_pain_distance_pct":-20.521379556072564,"all_expiration_max_pain":200,"net_gamma_exposure":51726.38412835629,"net_gamma_exposure_per_100k_open_interest":309017.17025124736,"gamma_exposure_flip":244.1714772928825,"gamma_exposure_flip_distance_pct":-2.9679391650297196,"call_wall":250,"call_wall_distance_pct":-0.6517244450907042,"put_wall":240,"put_wall_distance_pct":-4.625655467287076,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":1580},"history_summary":null,"advanced_options":{"data_through":"2026-10-16","analysis_coverage":1,"catalyst_score":null,"directional_score":null,"catalyst_reasons":[],"features":{"price":251.64,"totalOi":18396,"analysisCoverage":1,"avgIvPct":105.6,"ivRank":95.8,"iv52wHighPct":108,"iv52wLowPct":50.2,"frontDte":35,"termPremiumPp":5.7309,"riskReversalFrontPp":7.42,"riskReversal30dPp":7.42,"butterflyFrontPp":3.1,"butterfly30dPp":3.1,"putCallOiRatio":1.227,"putCallOiFrontRatio":1.024,"putCallVolumeFrontRatio":0.121,"optionVolume":319,"volumeOiRatio":0.017341,"netDeltaNormalized":0.1544,"dealerDeltaNormalized":-0.135725,"gexPer100kOi":1947674.874973,"vannaPer100kOi":1500.326158,"charmPer100kOi":-370863.231137,"weekendDeltaShiftPer100kOi":-1112584.257447,"ivSurfaceRangePp":24.2,"gammaFlipDistancePct":6.215228,"maxPainDistancePct":-20.52138,"peakCallDistancePct":-4.625656,"peakPutDistancePct":-0.651725},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/PAYC.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."}