{"schema_version":1,"publisher":"Half on a Double","data_through":"2026-10-02","frequency":"end-of-day","methodology":"market-implied-carry-v1","generation":"market-implied-carry-analytics-20260917T000000Z","canonical_url":"https://halfonadouble.com/stock/APLD","markdown_url":"https://halfonadouble.com/stock/APLD.md","history_url":"https://halfonadouble.com/api/v1/history/APLD.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/APLD.json?date=2026-10-02","definitions_url":"https://halfonadouble.com/methodology.md","license_url":"https://halfonadouble.com/terms.md","disclaimer_url":"https://halfonadouble.com/disclaimer.md","symbol":"APLD","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":25.3799991607666,"previous_close":24.15999984741211,"delta_neutral":23.098114731150517,"gamma_neutral":21.19691940883032,"gamma_max":31.5294637674583,"total_open_interest":719389,"previous_open_interest":754791,"listed_contracts":542,"listed_calls":316,"listed_puts":295,"gamma_max_distance_pct":24.229569779489125,"delta_neutral_distance_pct":-8.990876694525314,"gamma_neutral_distance_pct":-16.481796257907888,"open_interest_change_1d_pct":-4.690304998337288,"call_open_interest":486977,"put_open_interest":232412,"put_call_open_interest_ratio":0.4772545725978845,"nearest_expiration_max_pain":25,"nearest_expiration_max_pain_expiry":"2026-10-09","nearest_expiration_max_pain_distance_pct":-1.4972386656104353,"all_expiration_max_pain":22,"net_gamma_exposure":9817923.179029483,"net_gamma_exposure_per_100k_open_interest":1364758.5908360404,"gamma_exposure_flip":21.19691940883032,"gamma_exposure_flip_distance_pct":-16.481796257907888,"call_wall":30,"call_wall_distance_pct":18.203313601267475,"put_wall":25,"put_wall_distance_pct":-1.4972386656104353,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":143},"history_summary":{"first_date":"2023-05-26","last_date":"2026-10-02","session_count":764,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":6.349206349206349,"gamma_max_cross_count":23,"delta_neutral_cross_count":2,"gamma_max_prior_sessions_closer_pct":83.33333333333334,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":9.920634920634921,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":28.174603174603174,"open_interest_change_1d_contracts":-35402,"open_interest_change_z_252":-0.632858498791868,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":7.084761102361736,"open_interest_change_21_sessions_pct":-8.212398278031117,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-23641,"put_change_contracts":-11761,"call_growth_pct":-4.6298798710582085,"put_growth_pct":-4.816666871439512,"call_minus_put_growth_pp":0.1867870003813037},"five_sessions":{"call_change_contracts":27486,"put_change_contracts":20109,"call_growth_pct":5.981836423346703,"put_growth_pct":9.471839776168967,"call_minus_put_growth_pp":-3.4900033528222636},"call_change_surprise":{"z_score":-0.6575446723878453,"comparison_sessions":252},"put_change_surprise":{"z_score":-0.543117538548449,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":0.06313198005336944,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-02","analysis_coverage":1,"catalyst_score":75.96635230022241,"directional_score":17.36220472440945,"catalyst_reasons":["front IV premium 42.9 pp","7d expected move +18.1%","volume/OI 0.16"],"features":{"symbol":"APLD","price":25.38,"totalOi":784351,"analysisCoverage":1,"avgIvPct":235,"ivRank":72.7,"iv52wHighPct":285.6,"iv52wLowPct":100.56,"frontDte":7,"frontAtmIvPct":130.5557,"backAtmIvPct":87.6099,"termPremiumPp":42.9458,"expectedMoveFrontPct":18.08,"straddleFrontPct":13.2,"straddle30dPct":19.44,"riskReversalFrontPp":-4.12,"riskReversal30dPp":2.48,"butterflyFrontPp":11.38,"butterfly30dPp":3.2,"putCallOiRatio":0.482,"putCallOiFrontRatio":0.906,"putCallVolumeFrontRatio":0.414,"optionVolume":121808,"volumeOiRatio":0.155298,"netDeltaNormalized":0.193918,"dealerDeltaNormalized":-0.191179,"gexPer100kOi":823889.95488,"vannaPer100kOi":1142.473204,"charmPer100kOi":-4995.977566,"weekendDeltaShiftPer100kOi":-14987.805205,"ivSurfaceRangePp":94.5,"gammaFlipDistancePct":-72.14342,"maxPainDistancePct":-9.377463,"peakCallDistancePct":2.442868,"peakPutDistancePct":2.442868},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/APLD.json?date=2026-10-02","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":28,"completed_path_count":28,"latest_cross_date":"2026-05-08","horizons":[{"sessions":1,"sample_size":28,"median_return_pct":-0.4273114150637358,"p25_return_pct":-3.92622619368814,"p75_return_pct":2.8539169764742747,"above_zero_pct":46.42857142857143,"median_interval_low_pct":-3.6226380546138026,"median_interval_high_pct":1.177860826450372,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0},{"sessions":3,"sample_size":28,"median_return_pct":-0.6846049163250323,"p25_return_pct":-11.522650926893485,"p75_return_pct":5.380476909732207,"above_zero_pct":50,"median_interval_low_pct":-7.6073642221348825,"median_interval_high_pct":3.1356250292281285,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0},{"sessions":5,"sample_size":28,"median_return_pct":0.6544932856839325,"p25_return_pct":-9.447795075123663,"p75_return_pct":10.279992262705633,"above_zero_pct":53.57142857142857,"median_interval_low_pct":-5.777162482183207,"median_interval_high_pct":6.331877001831132,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0},{"sessions":10,"sample_size":28,"median_return_pct":-1.5898595764814116,"p25_return_pct":-18.62209987555174,"p75_return_pct":13.610723714241164,"above_zero_pct":46.42857142857143,"median_interval_low_pct":-9.40749584811471,"median_interval_high_pct":10.875706062486135,"median_interval_nominal_coverage_pct":91.2841446697712,"confidence_floor_pct":0}]},{"direction":"below","event_count":30,"completed_path_count":30,"latest_cross_date":"2026-05-22","horizons":[{"sessions":1,"sample_size":30,"median_return_pct":-0.8313484944318272,"p25_return_pct":-3.7100993923053522,"p75_return_pct":3.583509788171979,"above_zero_pct":40,"median_interval_low_pct":-1.6214776554066779,"median_interval_high_pct":2.8507409243163195,"median_interval_nominal_coverage_pct":90.1262853294611,"confidence_floor_pct":0},{"sessions":3,"sample_size":30,"median_return_pct":-0.9843687485520225,"p25_return_pct":-4.870908176795185,"p75_return_pct":5.529408939035296,"above_zero_pct":43.333333333333336,"median_interval_low_pct":-3.5966351470034796,"median_interval_high_pct":4.365905210918153,"median_interval_nominal_coverage_pct":90.1262853294611,"confidence_floor_pct":0},{"sessions":5,"sample_size":30,"median_return_pct":-1.1357634059987132,"p25_return_pct":-8.560230780250528,"p75_return_pct":8.882463713512394,"above_zero_pct":46.666666666666664,"median_interval_low_pct":-4.5987396020262805,"median_interval_high_pct":5.147056171815234,"median_interval_nominal_coverage_pct":90.1262853294611,"confidence_floor_pct":0},{"sessions":10,"sample_size":30,"median_return_pct":6.186863647787321,"p25_return_pct":-10.568047024951317,"p75_return_pct":16.023586869562756,"above_zero_pct":56.666666666666664,"median_interval_low_pct":-8.48416274948185,"median_interval_high_pct":11.495559303389214,"median_interval_nominal_coverage_pct":90.1262853294611,"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."}