{"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/CIFR","markdown_url":"https://halfonadouble.com/stock/CIFR.md","history_url":"https://halfonadouble.com/api/v1/history/CIFR.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/CIFR.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":"CIFR","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":15.710000038146973,"previous_close":15.460000038146973,"delta_neutral":13.242366081618057,"gamma_neutral":4.98058266340683,"gamma_max":19.473594360112305,"total_open_interest":1456563,"previous_open_interest":1547523,"listed_contracts":742,"listed_calls":475,"listed_puts":388,"gamma_max_distance_pct":23.956679266878318,"delta_neutral_distance_pct":-15.707408978593346,"gamma_neutral_distance_pct":-68.29673678349462,"open_interest_change_1d_pct":-5.877780168695393,"call_open_interest":1046742,"put_open_interest":409821,"put_call_open_interest_ratio":0.3915205466103395,"nearest_expiration_max_pain":16.5,"nearest_expiration_max_pain_expiry":"2026-10-09","nearest_expiration_max_pain_distance_pct":5.028643920654054,"all_expiration_max_pain":16,"net_gamma_exposure":31655988.01969463,"net_gamma_exposure_per_100k_open_interest":2173334.6253951686,"gamma_exposure_flip":4.98058266340683,"gamma_exposure_flip_distance_pct":-68.29673678349462,"call_wall":20,"call_wall_distance_pct":27.30744717655037,"put_wall":15,"put_wall_distance_pct":-4.519414617587223,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":74},"history_summary":{"first_date":"2021-08-30","last_date":"2026-10-02","session_count":1118,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":9.920634920634921,"gamma_max_cross_count":21,"delta_neutral_cross_count":0,"gamma_max_prior_sessions_closer_pct":79.36507936507937,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":13.88888888888889,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":73.80952380952381,"open_interest_change_1d_contracts":-90960,"open_interest_change_z_252":-1.087759766005522,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":2.942989083497182,"open_interest_change_21_sessions_pct":-10.007154631480873,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-35463,"put_change_contracts":-55497,"call_growth_pct":-3.276920731284738,"put_growth_pct":-11.926682397844054,"call_minus_put_growth_pp":8.649761666559316},"five_sessions":{"call_change_contracts":59558,"put_change_contracts":-17917,"call_growth_pct":6.0331204719687515,"put_growth_pct":-4.188779112447339,"call_minus_put_growth_pp":10.22189958441609},"call_change_surprise":{"z_score":-0.6411414864663663,"comparison_sessions":252},"put_change_surprise":{"z_score":-1.748988274970155,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":2.0549000864957394,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-02","analysis_coverage":1,"catalyst_score":60.05422553007338,"directional_score":24.133858267716537,"catalyst_reasons":["smile convexity 29.4 pp","7d expected move +12.9%"],"features":{"symbol":"CIFR","price":15.71,"totalOi":1573870,"analysisCoverage":1,"avgIvPct":237.1,"ivRank":27.8,"iv52wHighPct":561.6,"iv52wLowPct":112.3,"frontDte":7,"frontAtmIvPct":93.3675,"backAtmIvPct":98.4179,"termPremiumPp":-5.0504,"expectedMoveFrontPct":12.93,"straddleFrontPct":9.04,"straddle30dPct":19.22,"riskReversalFrontPp":-7.1,"riskReversal30dPp":-1.71,"butterflyFrontPp":29.43,"butterfly30dPp":9.4,"putCallOiRatio":0.409,"putCallOiFrontRatio":0.992,"putCallVolumeFrontRatio":0.328,"optionVolume":104115,"volumeOiRatio":0.066152,"netDeltaNormalized":0.122679,"dealerDeltaNormalized":-0.121206,"gexPer100kOi":243519.191547,"vannaPer100kOi":1500.822813,"charmPer100kOi":128188.160394,"weekendDeltaShiftPer100kOi":384564.417646,"ivSurfaceRangePp":153.5,"gammaFlipDistancePct":-60.152769,"maxPainDistancePct":1.845958,"peakCallDistancePct":27.307447,"peakPutDistancePct":-17.250159},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/CIFR.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":31,"completed_path_count":31,"latest_cross_date":"2026-05-29","horizons":[{"sessions":1,"sample_size":31,"median_return_pct":-0.5649712187015044,"p25_return_pct":-3.1216895161449654,"p75_return_pct":2.2231933358745515,"above_zero_pct":45.16129032258064,"median_interval_low_pct":-2.238137854005695,"median_interval_high_pct":1.67064846552325,"median_interval_nominal_coverage_pct":92.92444540187716,"confidence_floor_pct":0},{"sessions":3,"sample_size":31,"median_return_pct":0.6349200101906982,"p25_return_pct":-6.390492058249514,"p75_return_pct":11.895402628562335,"above_zero_pct":51.61290322580645,"median_interval_low_pct":-4.589710489272614,"median_interval_high_pct":6.59971380191855,"median_interval_nominal_coverage_pct":92.92444540187716,"confidence_floor_pct":0},{"sessions":5,"sample_size":31,"median_return_pct":-1.0204071702683226,"p25_return_pct":-11.41947966259883,"p75_return_pct":14.673895947661963,"above_zero_pct":48.38709677419355,"median_interval_low_pct":-5.7065226722135325,"median_interval_high_pct":5.204455892475179,"median_interval_nominal_coverage_pct":92.92444540187716,"confidence_floor_pct":0},{"sessions":10,"sample_size":31,"median_return_pct":-6.319705304006728,"p25_return_pct":-16.96438490656309,"p75_return_pct":28.51293263901111,"above_zero_pct":48.38709677419355,"median_interval_low_pct":-9.51087327994442,"median_interval_high_pct":14.242052792050508,"median_interval_nominal_coverage_pct":92.92444540187716,"confidence_floor_pct":0}]},{"direction":"below","event_count":44,"completed_path_count":44,"latest_cross_date":"2026-06-18","horizons":[{"sessions":1,"sample_size":44,"median_return_pct":0.14124280467537886,"p25_return_pct":-2.727467723534174,"p75_return_pct":2.900645733034607,"above_zero_pct":50,"median_interval_low_pct":-1.295335587438995,"median_interval_high_pct":1.6835000617720919,"median_interval_nominal_coverage_pct":90.38582455793858,"confidence_floor_pct":0},{"sessions":3,"sample_size":44,"median_return_pct":-1.9784559632285592,"p25_return_pct":-8.147304404008004,"p75_return_pct":7.369001064581859,"above_zero_pct":45.45454545454545,"median_interval_low_pct":-6.563123877903687,"median_interval_high_pct":5.415159886187992,"median_interval_nominal_coverage_pct":90.38582455793858,"confidence_floor_pct":0},{"sessions":5,"sample_size":44,"median_return_pct":2.3920794474377782,"p25_return_pct":-11.317722747450897,"p75_return_pct":10.348241824339794,"above_zero_pct":56.81818181818182,"median_interval_low_pct":-1.6616262625200329,"median_interval_high_pct":6.625262457889258,"median_interval_nominal_coverage_pct":90.38582455793858,"confidence_floor_pct":0},{"sessions":10,"sample_size":44,"median_return_pct":-0.2931785954410904,"p25_return_pct":-15.889595652418455,"p75_return_pct":15.571885503099592,"above_zero_pct":45.45454545454545,"median_interval_low_pct":-7.058823611909537,"median_interval_high_pct":3.3639184757192853,"median_interval_nominal_coverage_pct":90.38582455793858,"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."}