{"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/PYPL","markdown_url":"https://halfonadouble.com/stock/PYPL.md","history_url":"https://halfonadouble.com/api/v1/history/PYPL.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/PYPL.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":"PYPL","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":56.70000076293945,"previous_close":57.15999984741211,"delta_neutral":49.011915115704525,"gamma_neutral":43.73156190873934,"gamma_max":61.19627243270048,"total_open_interest":1505757,"previous_open_interest":1647499,"listed_contracts":646,"listed_calls":420,"listed_puts":335,"gamma_max_distance_pct":7.929932291464634,"delta_neutral_distance_pct":-13.559233763291328,"gamma_neutral_distance_pct":-22.872025890124174,"open_interest_change_1d_pct":-8.603465009690446,"call_open_interest":1114309,"put_open_interest":391448,"put_call_open_interest_ratio":0.3512921460743833,"nearest_expiration_max_pain":54,"nearest_expiration_max_pain_expiry":"2026-10-23","nearest_expiration_max_pain_distance_pct":-4.761906043402105,"all_expiration_max_pain":52.5,"net_gamma_exposure":68211857.3730252,"net_gamma_exposure_per_100k_open_interest":4530070.746675937,"gamma_exposure_flip":43.73156190873934,"gamma_exposure_flip_distance_pct":-22.872025890124174,"call_wall":60,"call_wall_distance_pct":5.820104396219884,"put_wall":55,"put_wall_distance_pct":-2.99823763679844,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":67},"history_summary":{"first_date":"2020-12-01","last_date":"2026-10-16","session_count":1404,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":0.3968253968253968,"gamma_max_cross_count":2,"delta_neutral_cross_count":40,"gamma_max_prior_sessions_closer_pct":34.12698412698413,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":89.68253968253968,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":0.3968253968253968,"open_interest_change_1d_contracts":-141742,"open_interest_change_z_252":-1.8068932750889422,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":-7.34156604486475,"open_interest_change_21_sessions_pct":-18.86691703800292,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-87888,"put_change_contracts":-53854,"call_growth_pct":-7.3106154814893065,"put_growth_pct":-12.093814983988395,"call_minus_put_growth_pp":4.783199502499088},"five_sessions":{"call_change_contracts":-67681,"put_change_contracts":-51624,"call_growth_pct":-5.726021370739177,"put_growth_pct":-11.651379459771775,"call_minus_put_growth_pp":5.925358089032597},"call_change_surprise":{"z_score":-1.5710870488761688,"comparison_sessions":252},"put_change_surprise":{"z_score":-2.1359953383026533,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":2.1945369850978196,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-16","analysis_coverage":1,"catalyst_score":32.732632528782176,"directional_score":15.102760859649589,"catalyst_reasons":["smile convexity 16.4 pp"],"features":{"price":56.7,"totalOi":1657756,"analysisCoverage":1,"avgIvPct":181.7,"ivRank":70.5,"iv52wHighPct":238.9,"iv52wLowPct":44.69,"frontDte":7,"termPremiumPp":-5.6083,"riskReversalFrontPp":1.58,"riskReversal30dPp":0.29,"butterflyFrontPp":16.35,"butterfly30dPp":-5.74,"putCallOiRatio":0.368,"putCallOiFrontRatio":0.287,"putCallVolumeFrontRatio":0.088,"optionVolume":49792,"volumeOiRatio":0.030036,"netDeltaNormalized":0.144508,"dealerDeltaNormalized":-0.141596,"gexPer100kOi":3670087.59733,"vannaPer100kOi":5490.795992,"charmPer100kOi":-136288.63355,"weekendDeltaShiftPer100kOi":-408865.840329,"ivSurfaceRangePp":127.4,"gammaFlipDistancePct":-1.058201,"maxPainDistancePct":-6.525573,"peakCallDistancePct":2.292769,"peakPutDistancePct":1.410935},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/PYPL.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":16,"completed_path_count":16,"latest_cross_date":"2026-07-15","horizons":[{"sessions":1,"sample_size":16,"median_return_pct":-0.3833445650930911,"p25_return_pct":-1.177540282706821,"p75_return_pct":1.40740035708109,"above_zero_pct":43.75,"median_interval_low_pct":-1.1596555364109418,"median_interval_high_pct":1.197448507814336,"median_interval_nominal_coverage_pct":92.3187255859375,"confidence_floor_pct":0},{"sessions":3,"sample_size":16,"median_return_pct":0.4030552369152063,"p25_return_pct":-1.904884569245624,"p75_return_pct":2.452363054442092,"above_zero_pct":50,"median_interval_low_pct":-1.695257418051399,"median_interval_high_pct":2.3580877132268085,"median_interval_nominal_coverage_pct":92.3187255859375,"confidence_floor_pct":0},{"sessions":5,"sample_size":16,"median_return_pct":0.5712171356561879,"p25_return_pct":-1.7296213090229413,"p75_return_pct":3.6333390384159614,"above_zero_pct":56.25,"median_interval_low_pct":-1.435828101963954,"median_interval_high_pct":3.5916824196597252,"median_interval_nominal_coverage_pct":92.3187255859375,"confidence_floor_pct":0},{"sessions":10,"sample_size":16,"median_return_pct":1.2432687335201975,"p25_return_pct":-3.045012928029239,"p75_return_pct":2.583151106915377,"above_zero_pct":56.25,"median_interval_low_pct":-2.9032261280320326,"median_interval_high_pct":2.387367485419567,"median_interval_nominal_coverage_pct":92.3187255859375,"confidence_floor_pct":0}]},{"direction":"below","event_count":17,"completed_path_count":17,"latest_cross_date":"2026-07-16","horizons":[{"sessions":1,"sample_size":17,"median_return_pct":0.5371132539024437,"p25_return_pct":-0.3589090385073379,"p75_return_pct":0.9590417839759668,"above_zero_pct":58.82352941176471,"median_interval_low_pct":-0.3589090385073379,"median_interval_high_pct":0.9590417839759668,"median_interval_nominal_coverage_pct":95.0958251953125,"confidence_floor_pct":0},{"sessions":3,"sample_size":17,"median_return_pct":0.6491729430905036,"p25_return_pct":-1.5512093693215379,"p75_return_pct":2.9403644818979613,"above_zero_pct":64.70588235294117,"median_interval_low_pct":-1.5512093693215379,"median_interval_high_pct":2.9403644818979613,"median_interval_nominal_coverage_pct":95.0958251953125,"confidence_floor_pct":0},{"sessions":5,"sample_size":17,"median_return_pct":1.2343958508790998,"p25_return_pct":-1.2867963125803183,"p75_return_pct":4.106420945906253,"above_zero_pct":64.70588235294117,"median_interval_low_pct":-1.2867963125803183,"median_interval_high_pct":4.106420945906253,"median_interval_nominal_coverage_pct":95.0958251953125,"confidence_floor_pct":0},{"sessions":10,"sample_size":17,"median_return_pct":1.2612780828884063,"p25_return_pct":-3.201685564804657,"p75_return_pct":2.6074964252423616,"above_zero_pct":58.82352941176471,"median_interval_low_pct":-3.201685564804657,"median_interval_high_pct":2.6074964252423616,"median_interval_nominal_coverage_pct":95.0958251953125,"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."}