{"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/CSCO","markdown_url":"https://halfonadouble.com/stock/CSCO.md","history_url":"https://halfonadouble.com/api/v1/history/CSCO.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/CSCO.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":"CSCO","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":112.19999694824219,"previous_close":108.76000213623047,"delta_neutral":106.56793377110762,"gamma_neutral":105.86247862906382,"gamma_max":118.2063405295886,"total_open_interest":845143,"previous_open_interest":880988,"listed_contracts":889,"listed_calls":566,"listed_puts":483,"gamma_max_distance_pct":5.35324754430888,"delta_neutral_distance_pct":-5.019664287275014,"gamma_neutral_distance_pct":-5.64841220281126,"open_interest_change_1d_pct":-4.068727383346879,"call_open_interest":441071,"put_open_interest":404072,"put_call_open_interest_ratio":0.9161155460232027,"nearest_expiration_max_pain":106,"nearest_expiration_max_pain_expiry":"2026-10-09","nearest_expiration_max_pain_distance_pct":-5.525844132689454,"all_expiration_max_pain":105,"net_gamma_exposure":27294972.475125387,"net_gamma_exposure_per_100k_open_interest":3229627.7050304366,"gamma_exposure_flip":105.86247862906382,"gamma_exposure_flip_distance_pct":-5.64841220281126,"call_wall":115,"call_wall_distance_pct":2.495546459818045,"put_wall":110,"put_wall_distance_pct":-1.9607816471305655,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":120},"history_summary":{"first_date":"2020-12-01","last_date":"2026-10-02","session_count":1394,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":7.5396825396825395,"gamma_max_cross_count":16,"delta_neutral_cross_count":2,"gamma_max_prior_sessions_closer_pct":55.158730158730165,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":22.61904761904762,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":27.77777777777778,"open_interest_change_1d_contracts":-35845,"open_interest_change_z_252":-0.6062484899270226,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":0.9401973793431279,"open_interest_change_21_sessions_pct":-17.687317323547084,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-24530,"put_change_contracts":-11315,"call_growth_pct":-5.268459474958172,"put_growth_pct":-2.7239658438997854,"call_minus_put_growth_pp":-2.544493631058387},"five_sessions":{"call_change_contracts":755,"put_change_contracts":7117,"call_growth_pct":0.17146776406035666,"put_growth_pct":1.7928984393697018,"call_minus_put_growth_pp":-1.6214306753093453},"call_change_surprise":{"z_score":-0.7235797413478372,"comparison_sessions":252},"put_change_surprise":{"z_score":-0.42031886965193566,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":-0.9424426327901806,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-02","analysis_coverage":1,"catalyst_score":38.515559571045664,"directional_score":-21.692913385826774,"catalyst_reasons":["IV rank 100","volume/OI 0.09"],"features":{"symbol":"CSCO","price":112.2,"totalOi":878503,"analysisCoverage":1,"avgIvPct":112.1,"ivRank":100,"iv52wHighPct":112.1,"iv52wLowPct":41.5,"frontDte":7,"frontAtmIvPct":30.4004,"backAtmIvPct":40.3388,"termPremiumPp":-9.9384,"expectedMoveFrontPct":4.21,"straddleFrontPct":2.99,"straddle30dPct":6.33,"riskReversalFrontPp":2.55,"riskReversal30dPp":3.43,"butterflyFrontPp":-3.86,"butterfly30dPp":-3.28,"putCallOiRatio":0.915,"putCallOiFrontRatio":0.31,"putCallVolumeFrontRatio":0.314,"optionVolume":77159,"volumeOiRatio":0.08783,"netDeltaNormalized":0.105867,"dealerDeltaNormalized":-0.09919,"gexPer100kOi":3943590.211986,"vannaPer100kOi":2238.808519,"charmPer100kOi":-614228.864329,"weekendDeltaShiftPer100kOi":-1842686.706818,"ivSurfaceRangePp":60.5,"gammaFlipDistancePct":1.622103,"maxPainDistancePct":-6.417112,"peakCallDistancePct":2.495544,"peakPutDistancePct":-1.960784},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/CSCO.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":20,"completed_path_count":20,"latest_cross_date":"2026-06-02","horizons":[{"sessions":1,"sample_size":20,"median_return_pct":0.016131184026402234,"p25_return_pct":-0.683099291961306,"p75_return_pct":0.8968167769546842,"above_zero_pct":50,"median_interval_low_pct":-0.5765425843459515,"median_interval_high_pct":0.8242474268933542,"median_interval_nominal_coverage_pct":95.86105346679688,"confidence_floor_pct":0},{"sessions":3,"sample_size":20,"median_return_pct":0.3949820465467435,"p25_return_pct":-1.9041747631640904,"p75_return_pct":1.076719412032473,"above_zero_pct":55.00000000000001,"median_interval_low_pct":-1.8153513732547366,"median_interval_high_pct":1.0033032295102995,"median_interval_nominal_coverage_pct":95.86105346679688,"confidence_floor_pct":0},{"sessions":5,"sample_size":20,"median_return_pct":0.20460769307589222,"p25_return_pct":-2.217191642748892,"p75_return_pct":1.8378664335586936,"above_zero_pct":50,"median_interval_low_pct":-2.120555135592772,"median_interval_high_pct":1.5605622940949582,"median_interval_nominal_coverage_pct":95.86105346679688,"confidence_floor_pct":0},{"sessions":10,"sample_size":20,"median_return_pct":-0.4449937097674106,"p25_return_pct":-2.4573451010760525,"p75_return_pct":3.2034298973413424,"above_zero_pct":50,"median_interval_low_pct":-2.287525372928223,"median_interval_high_pct":3.1280971759231058,"median_interval_nominal_coverage_pct":95.86105346679688,"confidence_floor_pct":0}]},{"direction":"below","event_count":20,"completed_path_count":20,"latest_cross_date":"2026-06-03","horizons":[{"sessions":1,"sample_size":20,"median_return_pct":-0.36331326309056444,"p25_return_pct":-0.8274215173815186,"p75_return_pct":0.20773502935991783,"above_zero_pct":30,"median_interval_low_pct":-0.7380638892799274,"median_interval_high_pct":0.11148952833670567,"median_interval_nominal_coverage_pct":95.86105346679688,"confidence_floor_pct":0},{"sessions":3,"sample_size":20,"median_return_pct":-1.4481289370137151,"p25_return_pct":-2.346533007756943,"p75_return_pct":0.3143315801533625,"above_zero_pct":25,"median_interval_low_pct":-2.3375237582610064,"median_interval_high_pct":-0.16963916458713202,"median_interval_nominal_coverage_pct":95.86105346679688,"confidence_floor_pct":-0.16963916458713202},{"sessions":5,"sample_size":20,"median_return_pct":-0.7158314340061755,"p25_return_pct":-2.9349196502974575,"p75_return_pct":2.1705715485620503,"above_zero_pct":40,"median_interval_low_pct":-2.9267059329781686,"median_interval_high_pct":1.8610985489176723,"median_interval_nominal_coverage_pct":95.86105346679688,"confidence_floor_pct":0},{"sessions":10,"sample_size":20,"median_return_pct":0.05758383254392818,"p25_return_pct":-2.4858377393837614,"p75_return_pct":2.685819778434534,"above_zero_pct":55.00000000000001,"median_interval_low_pct":-2.4799130467513586,"median_interval_high_pct":2.6393729555419965,"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."}