{"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/BTDR","markdown_url":"https://halfonadouble.com/stock/BTDR.md","history_url":"https://halfonadouble.com/api/v1/history/BTDR.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/BTDR.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":"BTDR","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":11.020000457763672,"previous_close":10.640000343322754,"delta_neutral":10.454353648031567,"gamma_neutral":11.026665349517241,"gamma_max":14.19738841840171,"total_open_interest":372011,"previous_open_interest":382231,"listed_contracts":362,"listed_calls":227,"listed_puts":205,"gamma_max_distance_pct":28.832920405185142,"delta_neutral_distance_pct":-5.132910945875707,"gamma_neutral_distance_pct":0.060479958953848945,"open_interest_change_1d_pct":-2.6737758057300427,"call_open_interest":204785,"put_open_interest":167226,"put_call_open_interest_ratio":0.8165930121835095,"nearest_expiration_max_pain":11,"nearest_expiration_max_pain_expiry":"2026-10-09","nearest_expiration_max_pain_distance_pct":-0.18149234966302932,"all_expiration_max_pain":11,"net_gamma_exposure":-36567.200472699056,"net_gamma_exposure_per_100k_open_interest":-9829.601939915501,"gamma_exposure_flip":11.026665349517241,"gamma_exposure_flip_distance_pct":0.060479958953848945,"call_wall":15,"call_wall_distance_pct":36.11614679591405,"put_wall":9,"put_wall_distance_pct":-18.33031192245157,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":260},"history_summary":{"first_date":"2024-02-23","last_date":"2026-10-02","session_count":583,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":9.920634920634921,"gamma_max_cross_count":20,"delta_neutral_cross_count":10,"gamma_max_prior_sessions_closer_pct":73.80952380952381,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":11.11111111111111,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":15.476190476190476,"open_interest_change_1d_contracts":-10220,"open_interest_change_z_252":-0.21351664921450186,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":6.359054118575402,"open_interest_change_21_sessions_pct":-20.077900259309466,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-3272,"put_change_contracts":-6948,"call_growth_pct":-1.5726459575981584,"put_growth_pct":-3.9891143339419197,"call_minus_put_growth_pp":2.4164683763437615},"five_sessions":{"call_change_contracts":8421,"put_change_contracts":13821,"call_growth_pct":4.288464280621702,"put_growth_pct":9.009484697369707,"call_minus_put_growth_pp":-4.721020416748005},"call_change_surprise":{"z_score":-0.08031457043278702,"comparison_sessions":252},"put_change_surprise":{"z_score":-0.599229694230111,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":0.36098867925897526,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-02","analysis_coverage":1,"catalyst_score":51.47635292906769,"directional_score":0.6692913385826813,"catalyst_reasons":["IV rank 100","7d expected move +11.3%","volume/OI 0.08"],"features":{"symbol":"BTDR","price":11.02,"totalOi":393983,"analysisCoverage":1,"avgIvPct":643.2,"ivRank":100,"iv52wHighPct":643.2,"iv52wLowPct":118.68,"frontDte":7,"frontAtmIvPct":81.5251,"backAtmIvPct":93.2869,"termPremiumPp":-11.7618,"expectedMoveFrontPct":11.29,"straddleFrontPct":8.39,"straddle30dPct":18.6,"riskReversalFrontPp":-3.47,"riskReversal30dPp":-2.12,"butterflyFrontPp":-1.2,"butterfly30dPp":-0.15,"putCallOiRatio":0.822,"putCallOiFrontRatio":1.368,"putCallVolumeFrontRatio":0.681,"optionVolume":32208,"volumeOiRatio":0.08175,"netDeltaNormalized":0.071823,"dealerDeltaNormalized":-0.071598,"gexPer100kOi":-246873.111276,"vannaPer100kOi":3913.36682,"charmPer100kOi":-327020.455197,"weekendDeltaShiftPer100kOi":-981061.365592,"ivSurfaceRangePp":158.1,"gammaFlipDistancePct":null,"maxPainDistancePct":-0.181488,"peakCallDistancePct":81.488203,"peakPutDistancePct":-13.793103},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/BTDR.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":18,"completed_path_count":18,"latest_cross_date":"2026-05-28","horizons":[{"sessions":1,"sample_size":18,"median_return_pct":-0.07204775792063467,"p25_return_pct":-6.106115631345793,"p75_return_pct":3.4109924391400037,"above_zero_pct":44.44444444444444,"median_interval_low_pct":-4.842216704493674,"median_interval_high_pct":3.3875338228086083,"median_interval_nominal_coverage_pct":90.374755859375,"confidence_floor_pct":0},{"sessions":3,"sample_size":18,"median_return_pct":1.2338107385538089,"p25_return_pct":-2.768952922886228,"p75_return_pct":5.113402987175436,"above_zero_pct":55.55555555555556,"median_interval_low_pct":-1.9015084607324706,"median_interval_high_pct":4.891646651315762,"median_interval_nominal_coverage_pct":90.374755859375,"confidence_floor_pct":0},{"sessions":5,"sample_size":18,"median_return_pct":1.1905617309848182,"p25_return_pct":-2.8327545261501803,"p75_return_pct":9.063469437918837,"above_zero_pct":66.66666666666666,"median_interval_low_pct":-0.47356289862192646,"median_interval_high_pct":6.800870821954175,"median_interval_nominal_coverage_pct":90.374755859375,"confidence_floor_pct":0},{"sessions":10,"sample_size":18,"median_return_pct":4.728442691948964,"p25_return_pct":-3.2242219452911227,"p75_return_pct":15.225438528598055,"above_zero_pct":66.66666666666666,"median_interval_low_pct":-0.9817695727606046,"median_interval_high_pct":11.959652980730361,"median_interval_nominal_coverage_pct":90.374755859375,"confidence_floor_pct":0}]},{"direction":"below","event_count":20,"completed_path_count":20,"latest_cross_date":"2026-06-09","horizons":[{"sessions":1,"sample_size":20,"median_return_pct":1.6548495196473167,"p25_return_pct":-2.803693221308898,"p75_return_pct":5.232946560655616,"above_zero_pct":55.00000000000001,"median_interval_low_pct":-2.608099673302733,"median_interval_high_pct":5.1115912210058845,"median_interval_nominal_coverage_pct":95.86105346679688,"confidence_floor_pct":0},{"sessions":3,"sample_size":20,"median_return_pct":1.0713568455879452,"p25_return_pct":-2.4318366659151462,"p75_return_pct":6.287155060678973,"above_zero_pct":55.00000000000001,"median_interval_low_pct":-2.152932116585604,"median_interval_high_pct":6.214687709682631,"median_interval_nominal_coverage_pct":95.86105346679688,"confidence_floor_pct":0},{"sessions":5,"sample_size":20,"median_return_pct":3.0357697333491585,"p25_return_pct":-1.3176774934331614,"p75_return_pct":13.968465529682428,"above_zero_pct":55.00000000000001,"median_interval_low_pct":-1.2354108117477058,"median_interval_high_pct":12.743243819256644,"median_interval_nominal_coverage_pct":95.86105346679688,"confidence_floor_pct":0},{"sessions":10,"sample_size":20,"median_return_pct":8.015656041560526,"p25_return_pct":-8.15825172264391,"p75_return_pct":20.03495005611763,"above_zero_pct":65,"median_interval_low_pct":-7.420496247645314,"median_interval_high_pct":19.831011951738,"median_interval_nominal_coverage_pct":95.86105346679688,"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."}