{"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/QXO","markdown_url":"https://halfonadouble.com/stock/QXO.md","history_url":"https://halfonadouble.com/api/v1/history/QXO.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/QXO.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":"QXO","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":10.859999656677246,"previous_close":11.180000305175781,"delta_neutral":10.24763034512981,"gamma_neutral":9.146098924973794,"gamma_max":15.038322952361426,"total_open_interest":687638,"previous_open_interest":762375,"listed_contracts":440,"listed_calls":272,"listed_puts":214,"gamma_max_distance_pct":38.47443303660831,"delta_neutral_distance_pct":-5.638759953099282,"gamma_neutral_distance_pct":-15.781775192319314,"open_interest_change_1d_pct":-9.803180849319562,"call_open_interest":519399,"put_open_interest":168239,"put_call_open_interest_ratio":0.32391090471872297,"nearest_expiration_max_pain":11,"nearest_expiration_max_pain_expiry":"2026-10-23","nearest_expiration_max_pain_distance_pct":1.289137640411204,"all_expiration_max_pain":12,"net_gamma_exposure":8552216.452269565,"net_gamma_exposure_per_100k_open_interest":1243709.1103559672,"gamma_exposure_flip":9.146098924973794,"gamma_exposure_flip_distance_pct":-15.781775192319314,"call_wall":15,"call_wall_distance_pct":38.12155132783346,"put_wall":10,"put_wall_distance_pct":-7.918965781444361,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":146},"history_summary":{"first_date":"2024-09-03","last_date":"2026-10-16","session_count":533,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":2.7777777777777777,"gamma_max_cross_count":12,"delta_neutral_cross_count":22,"gamma_max_prior_sessions_closer_pct":98.01587301587301,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":32.142857142857146,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":97.61904761904762,"open_interest_change_1d_contracts":-74737,"open_interest_change_z_252":-4.006649056312287,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":-3.051263252876156,"open_interest_change_21_sessions_pct":3.8042862943947875,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-52728,"put_change_contracts":-22009,"call_growth_pct":-9.216135578289435,"put_growth_pct":-11.568584163828266,"call_minus_put_growth_pp":2.3524485855388306},"five_sessions":{"call_change_contracts":-21225,"put_change_contracts":-417,"call_growth_pct":-3.9260188226937762,"put_growth_pct":-0.24724883787116972,"call_minus_put_growth_pp":-3.6787699848226065},"call_change_surprise":{"z_score":-4.124090967535911,"comparison_sessions":252},"put_change_surprise":{"z_score":-3.0345707361942633,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":0.45848889923328456,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-16","analysis_coverage":1,"catalyst_score":47.0383051567023,"directional_score":26.124466743580797,"catalyst_reasons":["smile convexity 14.1 pp"],"features":{"price":10.86,"totalOi":771455,"analysisCoverage":1,"avgIvPct":422.7,"ivRank":85.2,"iv52wHighPct":480.2,"iv52wLowPct":91.96,"frontDte":7,"termPremiumPp":4.0678,"riskReversalFrontPp":-2.86,"riskReversal30dPp":4.05,"butterflyFrontPp":14.13,"butterfly30dPp":-12.68,"putCallOiRatio":0.345,"putCallOiFrontRatio":0.587,"putCallVolumeFrontRatio":1.346,"optionVolume":15134,"volumeOiRatio":0.019617,"netDeltaNormalized":0.037304,"dealerDeltaNormalized":-0.037302,"gexPer100kOi":137710.685652,"vannaPer100kOi":4662.61804,"charmPer100kOi":-225266.282544,"weekendDeltaShiftPer100kOi":-675798.847632,"ivSurfaceRangePp":71,"gammaFlipDistancePct":64.825046,"maxPainDistancePct":10.497238,"peakCallDistancePct":38.121547,"peakPutDistancePct":1.289134},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/QXO.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":9,"completed_path_count":9,"latest_cross_date":"2026-06-26","horizons":[{"sessions":1,"sample_size":9,"median_return_pct":1.4198798656638534,"p25_return_pct":-3.3453962495077483,"p75_return_pct":2.403855411964395,"above_zero_pct":66.66666666666666,"median_interval_low_pct":-3.8244493038984584,"median_interval_high_pct":3.092783505154628,"median_interval_nominal_coverage_pct":96.09375,"confidence_floor_pct":0},{"sessions":3,"sample_size":9,"median_return_pct":-0.9052312373875604,"p25_return_pct":-3.4810145956140848,"p75_return_pct":4.488889906141491,"above_zero_pct":44.44444444444444,"median_interval_low_pct":-6.294304485086721,"median_interval_high_pct":6.738724756124914,"median_interval_nominal_coverage_pct":96.09375,"confidence_floor_pct":0},{"sessions":5,"sample_size":9,"median_return_pct":-3.1221178792877002,"p25_return_pct":-3.4666697184244755,"p75_return_pct":0,"above_zero_pct":22.22222222222222,"median_interval_low_pct":-8.86597780837226,"median_interval_high_pct":1.5010176266098352,"median_interval_nominal_coverage_pct":96.09375,"confidence_floor_pct":0},{"sessions":10,"sample_size":9,"median_return_pct":-3.002027515496919,"p25_return_pct":-11.76797084959642,"p75_return_pct":-2.311113145616317,"above_zero_pct":22.22222222222222,"median_interval_low_pct":-16.886595106616465,"median_interval_high_pct":4.5072117037850745,"median_interval_nominal_coverage_pct":96.09375,"confidence_floor_pct":0}]},{"direction":"below","event_count":11,"completed_path_count":11,"latest_cross_date":"2026-06-29","horizons":[{"sessions":1,"sample_size":11,"median_return_pct":-0.8000030517578138,"p25_return_pct":-1.9544424714580844,"p75_return_pct":0.3774873654596833,"above_zero_pct":36.36363636363637,"median_interval_low_pct":-2.502086709438578,"median_interval_high_pct":0.45632134372834976,"median_interval_nominal_coverage_pct":93.45703125,"confidence_floor_pct":0},{"sessions":3,"sample_size":11,"median_return_pct":0.39113080407797707,"p25_return_pct":-6.154382203766529,"p75_return_pct":2.472096747256869,"above_zero_pct":54.54545454545454,"median_interval_low_pct":-8.322830489227284,"median_interval_high_pct":2.739193990674438,"median_interval_nominal_coverage_pct":93.45703125,"confidence_floor_pct":0},{"sessions":5,"sample_size":11,"median_return_pct":-0.5867024230290285,"p25_return_pct":-8.81127735128217,"p75_return_pct":1.9357417389953113,"above_zero_pct":45.45454545454545,"median_interval_low_pct":-12.862552566333873,"median_interval_high_pct":1.9644531935467446,"median_interval_nominal_coverage_pct":93.45703125,"confidence_floor_pct":0},{"sessions":10,"sample_size":11,"median_return_pct":-4.2399978637695295,"p25_return_pct":-8.234790499232876,"p75_return_pct":-1.6803056439690933,"above_zero_pct":9.090909090909092,"median_interval_low_pct":-8.869275027956803,"median_interval_high_pct":-1.5434983005594427,"median_interval_nominal_coverage_pct":93.45703125,"confidence_floor_pct":-1.5434983005594427}]}],"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."}