{"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/BITX","markdown_url":"https://halfonadouble.com/stock/BITX.md","history_url":"https://halfonadouble.com/api/v1/history/BITX.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/BITX.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":"BITX","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":19.920000076293945,"previous_close":20.110000610351562,"delta_neutral":16.121052418804183,"gamma_neutral":14.141697602414322,"gamma_max":21.739785107265114,"total_open_interest":180666,"previous_open_interest":194562,"listed_contracts":609,"listed_calls":404,"listed_puts":304,"gamma_max_distance_pct":9.135466987958635,"delta_neutral_distance_pct":-19.071022303914294,"gamma_neutral_distance_pct":-29.00754242845695,"open_interest_change_1d_pct":-7.142196317883245,"call_open_interest":130871,"put_open_interest":49795,"put_call_open_interest_ratio":0.38048918400562387,"nearest_expiration_max_pain":19,"nearest_expiration_max_pain_expiry":"2026-10-09","nearest_expiration_max_pain_distance_pct":-4.618474260895226,"all_expiration_max_pain":17,"net_gamma_exposure":4770692.50883056,"net_gamma_exposure_per_100k_open_interest":2640614.4536495856,"gamma_exposure_flip":14.141697602414322,"gamma_exposure_flip_distance_pct":-29.00754242845695,"call_wall":20,"call_wall_distance_pct":0.4016060411629196,"put_wall":20,"put_wall_distance_pct":0.4016060411629196,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":436},"history_summary":{"first_date":"2023-08-16","last_date":"2026-10-02","session_count":700,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":3.968253968253968,"gamma_max_cross_count":13,"delta_neutral_cross_count":26,"gamma_max_prior_sessions_closer_pct":34.12698412698413,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":94.04761904761905,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":9.523809523809524,"open_interest_change_1d_contracts":-13896,"open_interest_change_z_252":-0.8033240140738669,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":-1.7366568946856016,"open_interest_change_21_sessions_pct":-21.383595799953873,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-9504,"put_change_contracts":-4392,"call_growth_pct":-6.770436331255565,"put_growth_pct":-8.105265100485356,"call_minus_put_growth_pp":1.3348287692297909},"five_sessions":{"call_change_contracts":-1442,"put_change_contracts":-1751,"call_growth_pct":-1.089840000604627,"put_growth_pct":-3.396965816940209,"call_minus_put_growth_pp":2.3071258163355823},"call_change_surprise":{"z_score":-0.7925911183885517,"comparison_sessions":252},"put_change_surprise":{"z_score":-0.7624585134340381,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":0.35312147388545007,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-02","analysis_coverage":1,"catalyst_score":47.27817145775163,"directional_score":-0.7874015748031589,"catalyst_reasons":["volume/OI 0.09","smile convexity -9.9 pp"],"features":{"symbol":"BITX","price":19.92,"totalOi":198657,"analysisCoverage":1,"avgIvPct":252.8,"ivRank":69.4,"iv52wHighPct":317.2,"iv52wLowPct":106.65,"frontDte":7,"frontAtmIvPct":59.14,"backAtmIvPct":72.517,"termPremiumPp":-13.377,"expectedMoveFrontPct":8.19,"straddleFrontPct":6.33,"straddle30dPct":14.96,"riskReversalFrontPp":3.12,"riskReversal30dPp":8.21,"butterflyFrontPp":-9.86,"butterfly30dPp":4.1,"putCallOiRatio":0.386,"putCallOiFrontRatio":0.669,"putCallVolumeFrontRatio":0.821,"optionVolume":18833,"volumeOiRatio":0.094802,"netDeltaNormalized":0.187677,"dealerDeltaNormalized":-0.184543,"gexPer100kOi":1417581.771596,"vannaPer100kOi":2178.629497,"charmPer100kOi":-227732.22187,"weekendDeltaShiftPer100kOi":-683197.16899,"ivSurfaceRangePp":116.4,"gammaFlipDistancePct":-89.959839,"maxPainDistancePct":-14.658635,"peakCallDistancePct":0.401606,"peakPutDistancePct":0.401606},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/BITX.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":22,"completed_path_count":21,"latest_cross_date":"2026-09-21","horizons":[{"sessions":1,"sample_size":22,"median_return_pct":1.3421056146577293,"p25_return_pct":-0.5931554358975966,"p75_return_pct":4.219164930902086,"above_zero_pct":63.63636363636363,"median_interval_low_pct":-0.49727465486383293,"median_interval_high_pct":3.949902268287131,"median_interval_nominal_coverage_pct":94.75212097167969,"confidence_floor_pct":0},{"sessions":3,"sample_size":22,"median_return_pct":1.1972774385549556,"p25_return_pct":-6.273899859900409,"p75_return_pct":8.00070124280101,"above_zero_pct":54.54545454545454,"median_interval_low_pct":-4.949088740807528,"median_interval_high_pct":6.7850070511705995,"median_interval_nominal_coverage_pct":94.75212097167969,"confidence_floor_pct":0},{"sessions":5,"sample_size":22,"median_return_pct":4.1363740952845784,"p25_return_pct":-5.571781491718996,"p75_return_pct":10.286051487942999,"above_zero_pct":54.54545454545454,"median_interval_low_pct":-4.246855756810286,"median_interval_high_pct":9.77118068182583,"median_interval_nominal_coverage_pct":94.75212097167969,"confidence_floor_pct":0},{"sessions":10,"sample_size":21,"median_return_pct":9.523802799344615,"p25_return_pct":-7.181058236059535,"p75_return_pct":30.03663367069884,"above_zero_pct":61.904761904761905,"median_interval_low_pct":-1.8074398661448332,"median_interval_high_pct":25.76867128172433,"median_interval_nominal_coverage_pct":92.16461181640625,"confidence_floor_pct":0}]},{"direction":"below","event_count":24,"completed_path_count":23,"latest_cross_date":"2026-09-22","horizons":[{"sessions":1,"sample_size":24,"median_return_pct":-0.16636834391439148,"p25_return_pct":-3.043488708110717,"p75_return_pct":2.3934490862897286,"above_zero_pct":50,"median_interval_low_pct":-2.8664830259546914,"median_interval_high_pct":2.2037705072724956,"median_interval_nominal_coverage_pct":93.60853433609009,"confidence_floor_pct":0},{"sessions":3,"sample_size":24,"median_return_pct":-0.6340210806876689,"p25_return_pct":-3.9749090568149823,"p75_return_pct":1.9745146402565805,"above_zero_pct":41.66666666666667,"median_interval_low_pct":-3.531596755758193,"median_interval_high_pct":1.408452424075901,"median_interval_nominal_coverage_pct":93.60853433609009,"confidence_floor_pct":0},{"sessions":5,"sample_size":24,"median_return_pct":-0.42603232126325885,"p25_return_pct":-9.784239858333882,"p75_return_pct":3.9863057618837408,"above_zero_pct":45.83333333333333,"median_interval_low_pct":-7.459207821937519,"median_interval_high_pct":3.1032771546221527,"median_interval_nominal_coverage_pct":93.60853433609009,"confidence_floor_pct":0},{"sessions":10,"sample_size":23,"median_return_pct":-0.12803779920539382,"p25_return_pct":-5.543098172579142,"p75_return_pct":13.874703595919001,"above_zero_pct":43.47826086956522,"median_interval_low_pct":-3.807302062744955,"median_interval_high_pct":10.104664986457635,"median_interval_nominal_coverage_pct":90.68603515625,"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."}