{"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/HRL","markdown_url":null,"history_url":"https://halfonadouble.com/api/v1/history/HRL.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/HRL.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":"HRL","page_tier":"B","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":20.25,"previous_close":19.959999084472656,"delta_neutral":19.44485603309959,"gamma_neutral":20.25,"gamma_max":21.488801120196513,"total_open_interest":90554,"previous_open_interest":97791,"listed_contracts":234,"listed_calls":130,"listed_puts":121,"gamma_max_distance_pct":6.117536396032162,"delta_neutral_distance_pct":-3.976019589631653,"gamma_neutral_distance_pct":0,"open_interest_change_1d_pct":-7.400476526469717,"call_open_interest":59725,"put_open_interest":30829,"put_call_open_interest_ratio":0.5161825031393888,"nearest_expiration_max_pain":21,"nearest_expiration_max_pain_expiry":"2026-10-09","nearest_expiration_max_pain_distance_pct":3.7037037037037033,"all_expiration_max_pain":21,"net_gamma_exposure":1646079.493537017,"net_gamma_exposure_per_100k_open_interest":1817787.7217318031,"gamma_exposure_flip":null,"gamma_exposure_flip_distance_pct":null,"call_wall":21,"call_wall_distance_pct":3.7037037037037033,"put_wall":21,"put_wall_distance_pct":3.7037037037037033,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":"above","open_interest_rank":677},"history_summary":null,"advanced_options":{"data_through":"2026-10-02","analysis_coverage":1,"catalyst_score":null,"directional_score":null,"catalyst_reasons":[],"features":{"symbol":"HRL","price":20.25,"totalOi":95726,"analysisCoverage":1,"avgIvPct":265.4,"ivRank":85.1,"iv52wHighPct":301.2,"iv52wLowPct":60.2,"frontDte":7,"frontAtmIvPct":27.8731,"backAtmIvPct":21.343,"termPremiumPp":6.5301,"expectedMoveFrontPct":3.86,"straddleFrontPct":2.84,"straddle30dPct":4.2,"riskReversalFrontPp":-129.04,"riskReversal30dPp":-56.47,"butterflyFrontPp":6.44,"butterfly30dPp":6.44,"putCallOiRatio":0.513,"putCallOiFrontRatio":1.32,"putCallVolumeFrontRatio":0.775,"optionVolume":3338,"volumeOiRatio":0.03487,"netDeltaNormalized":0.078187,"dealerDeltaNormalized":-0.076428,"gexPer100kOi":839403.672983,"vannaPer100kOi":782.441552,"charmPer100kOi":413259.720452,"weekendDeltaShiftPer100kOi":1239780.206005,"ivSurfaceRangePp":208.1,"gammaFlipDistancePct":-48.345679,"maxPainDistancePct":3.703704,"peakCallDistancePct":-30.864198,"peakPutDistancePct":-1.234568},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/HRL.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":[],"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."}