{"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/XOP","markdown_url":"https://halfonadouble.com/stock/XOP.md","history_url":"https://halfonadouble.com/api/v1/history/XOP.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/XOP.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":"XOP","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":200.42999267578125,"previous_close":194.88999938964844,"delta_neutral":188.16325364202066,"gamma_neutral":199.95974626047075,"gamma_max":221.65241846904365,"total_open_interest":269168,"previous_open_interest":401274,"listed_contracts":985,"listed_calls":588,"listed_puts":590,"gamma_max_distance_pct":10.58844812093175,"delta_neutral_distance_pct":-6.120211286742628,"gamma_neutral_distance_pct":-0.2346187858576518,"open_interest_change_1d_pct":-32.92164456206981,"call_open_interest":87392,"put_open_interest":181776,"put_call_open_interest_ratio":2.0800073233247893,"nearest_expiration_max_pain":194,"nearest_expiration_max_pain_expiry":"2026-10-23","nearest_expiration_max_pain_distance_pct":-3.208099042433489,"all_expiration_max_pain":175,"net_gamma_exposure":216951.9067593421,"net_gamma_exposure_per_100k_open_interest":80600.92832704559,"gamma_exposure_flip":199.95974626047075,"gamma_exposure_flip_distance_pct":-0.2346187858576518,"call_wall":195,"call_wall_distance_pct":-2.70917171790995,"put_wall":175,"put_wall_distance_pct":-12.687718208380725,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":314},"history_summary":{"first_date":"2020-12-01","last_date":"2026-10-16","session_count":1404,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":0.7936507936507936,"gamma_max_cross_count":2,"delta_neutral_cross_count":19,"gamma_max_prior_sessions_closer_pct":39.682539682539684,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":84.12698412698413,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":5.952380952380952,"open_interest_change_1d_contracts":-132106,"open_interest_change_z_252":-4.418294480980395,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":-31.13653574571727,"open_interest_change_21_sessions_pct":-41.62936747510496,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-27692,"put_change_contracts":-104414,"call_growth_pct":-24.062423968579473,"put_growth_pct":-36.4841538837835,"call_minus_put_growth_pp":12.421729915204025},"five_sessions":{"call_change_contracts":-22472,"put_change_contracts":-99232,"call_growth_pct":-20.454379960678658,"put_growth_pct":-35.31287365484257,"call_minus_put_growth_pp":14.858493694163911},"call_change_surprise":{"z_score":-2.770694871594801,"comparison_sessions":252},"put_change_surprise":{"z_score":-4.734564312826821,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":2.3921801494338975,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-16","analysis_coverage":1,"catalyst_score":52.72342049612292,"directional_score":-24.757318022054687,"catalyst_reasons":["IV rank 100"],"features":{"price":200.43,"totalOi":403080,"analysisCoverage":1,"avgIvPct":112.6,"ivRank":100,"iv52wHighPct":112.6,"iv52wLowPct":36.1,"frontDte":7,"termPremiumPp":3.2735,"riskReversalFrontPp":3.06,"riskReversal30dPp":4.24,"butterflyFrontPp":-2.02,"butterfly30dPp":3.07,"putCallOiRatio":2.46,"putCallOiFrontRatio":0.406,"putCallVolumeFrontRatio":0.16,"optionVolume":9550,"volumeOiRatio":0.023693,"netDeltaNormalized":0.039751,"dealerDeltaNormalized":-0.035634,"gexPer100kOi":-512712.491317,"vannaPer100kOi":2274.734544,"charmPer100kOi":-445868.065893,"weekendDeltaShiftPer100kOi":-1337604.445768,"ivSurfaceRangePp":109.5,"gammaFlipDistancePct":null,"maxPainDistancePct":-11.190939,"peakCallDistancePct":-0.214539,"peakPutDistancePct":-5.203812},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/XOP.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":13,"completed_path_count":13,"latest_cross_date":"2026-08-19","horizons":[{"sessions":1,"sample_size":13,"median_return_pct":-0.567052724662287,"p25_return_pct":-1.4666663275824665,"p75_return_pct":0.9758650154362947,"above_zero_pct":46.15384615384615,"median_interval_low_pct":-1.4666663275824665,"median_interval_high_pct":0.9758650154362947,"median_interval_nominal_coverage_pct":90.771484375,"confidence_floor_pct":0},{"sessions":3,"sample_size":13,"median_return_pct":-0.8047501131827728,"p25_return_pct":-1.9116483305163356,"p75_return_pct":-0.04829943487694166,"above_zero_pct":23.076923076923077,"median_interval_low_pct":-1.9116483305163356,"median_interval_high_pct":-0.04829943487694166,"median_interval_nominal_coverage_pct":90.771484375,"confidence_floor_pct":-0.04829943487694166},{"sessions":5,"sample_size":13,"median_return_pct":-0.255171202434723,"p25_return_pct":-1.08885215737885,"p75_return_pct":3.4410231658061674,"above_zero_pct":46.15384615384615,"median_interval_low_pct":-1.08885215737885,"median_interval_high_pct":3.4410231658061674,"median_interval_nominal_coverage_pct":90.771484375,"confidence_floor_pct":0},{"sessions":10,"sample_size":13,"median_return_pct":3.156897862292274,"p25_return_pct":-5.352600200620006,"p75_return_pct":5.065880999400929,"above_zero_pct":61.53846153846154,"median_interval_low_pct":-5.352600200620006,"median_interval_high_pct":5.065880999400929,"median_interval_nominal_coverage_pct":90.771484375,"confidence_floor_pct":0}]},{"direction":"below","event_count":12,"completed_path_count":12,"latest_cross_date":"2024-03-22","horizons":[{"sessions":1,"sample_size":12,"median_return_pct":0.7436487081428633,"p25_return_pct":-1.334421244141759,"p75_return_pct":1.672970413921221,"above_zero_pct":66.66666666666666,"median_interval_low_pct":-2.115498922516146,"median_interval_high_pct":1.7756653912826659,"median_interval_nominal_coverage_pct":96.142578125,"confidence_floor_pct":0},{"sessions":3,"sample_size":12,"median_return_pct":0.6174841000760323,"p25_return_pct":-1.6763396207069903,"p75_return_pct":2.3621033324301766,"above_zero_pct":50,"median_interval_low_pct":-2.1943073722070827,"median_interval_high_pct":2.6803533118178846,"median_interval_nominal_coverage_pct":96.142578125,"confidence_floor_pct":0},{"sessions":5,"sample_size":12,"median_return_pct":1.3359386008835128,"p25_return_pct":-0.7539278765853057,"p75_return_pct":3.566624890411929,"above_zero_pct":66.66666666666666,"median_interval_low_pct":-2.0643862775745037,"median_interval_high_pct":3.5714289718964842,"median_interval_nominal_coverage_pct":96.142578125,"confidence_floor_pct":0},{"sessions":10,"sample_size":12,"median_return_pct":0.19692512832024112,"p25_return_pct":-6.087182307425026,"p75_return_pct":6.0775249127622,"above_zero_pct":50,"median_interval_low_pct":-7.298337718790259,"median_interval_high_pct":6.245985388118314,"median_interval_nominal_coverage_pct":96.142578125,"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."}