{"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/KRE","markdown_url":"https://halfonadouble.com/stock/KRE.md","history_url":"https://halfonadouble.com/api/v1/history/KRE.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/KRE.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":"KRE","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":70.77999877929688,"previous_close":69.94999694824219,"delta_neutral":73.31396015041517,"gamma_neutral":74.02180750861274,"gamma_max":79.96121930785182,"total_open_interest":2405255,"previous_open_interest":2331666,"listed_contracts":931,"listed_calls":518,"listed_puts":516,"gamma_max_distance_pct":12.97149009169021,"delta_neutral_distance_pct":3.580052860723527,"gamma_neutral_distance_pct":4.580119786981532,"open_interest_change_1d_pct":3.156069522821879,"call_open_interest":829865,"put_open_interest":1575390,"put_call_open_interest_ratio":1.898369011827225,"nearest_expiration_max_pain":72,"nearest_expiration_max_pain_expiry":"2026-10-09","nearest_expiration_max_pain_distance_pct":1.7236525031701118,"all_expiration_max_pain":73,"net_gamma_exposure":-158473397.84487894,"net_gamma_exposure_per_100k_open_interest":-6588631.88497182,"gamma_exposure_flip":74.02180750861274,"gamma_exposure_flip_distance_pct":4.580119786981532,"call_wall":73,"call_wall_distance_pct":3.136481010158585,"put_wall":70,"put_wall_distance_pct":-1.102004510806836,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":40},"history_summary":{"first_date":"2020-12-01","last_date":"2026-10-02","session_count":1394,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":0.7936507936507936,"gamma_max_cross_count":4,"delta_neutral_cross_count":12,"gamma_max_prior_sessions_closer_pct":76.98412698412699,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":74.60317460317461,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":99.60317460317461,"open_interest_change_1d_contracts":73589,"open_interest_change_z_252":0.6098159261585457,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":31.188166063883227,"open_interest_change_21_sessions_pct":25.40779281179303,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":50331,"put_change_contracts":23258,"call_growth_pct":6.4565496822460595,"put_growth_pct":1.498455028309448,"call_minus_put_growth_pp":4.9580946539366115},"five_sessions":{"call_change_contracts":254853,"put_change_contracts":316963,"call_growth_pct":44.32133590255508,"put_growth_pct":25.18723771819899,"call_minus_put_growth_pp":19.134098184356088},"call_change_surprise":{"z_score":0.9632420424040424,"comparison_sessions":252},"put_change_surprise":{"z_score":0.3080068631418546,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":1.1794413182204369,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-02","analysis_coverage":1,"catalyst_score":47.80978211304293,"directional_score":-3.7007874015748037,"catalyst_reasons":["OI change 0.61σ","25Δ risk reversal -64.3 pp"],"features":{"symbol":"KRE","price":70.78,"totalOi":2448355,"analysisCoverage":1,"avgIvPct":57.2,"ivRank":21.5,"iv52wHighPct":158.9,"iv52wLowPct":29.3,"frontDte":7,"frontAtmIvPct":24.9847,"backAtmIvPct":26.1192,"termPremiumPp":-1.1345,"expectedMoveFrontPct":3.46,"straddleFrontPct":2.39,"straddle30dPct":5.6,"riskReversalFrontPp":-64.26,"riskReversal30dPp":5.31,"butterflyFrontPp":-0.63,"butterfly30dPp":7.29,"putCallOiRatio":1.878,"putCallOiFrontRatio":5.069,"putCallVolumeFrontRatio":4.875,"optionVolume":72572,"volumeOiRatio":0.029641,"netDeltaNormalized":-0.077016,"dealerDeltaNormalized":0.076761,"gexPer100kOi":-4095522.699935,"vannaPer100kOi":4678.651584,"charmPer100kOi":407281.215347,"weekendDeltaShiftPer100kOi":1221843.64604,"ivSurfaceRangePp":91.3,"gammaFlipDistancePct":null,"maxPainDistancePct":3.136479,"peakCallDistancePct":-1.102006,"peakPutDistancePct":-8.166149},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/KRE.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":14,"completed_path_count":14,"latest_cross_date":"2026-07-16","horizons":[{"sessions":1,"sample_size":14,"median_return_pct":-0.5351575213625392,"p25_return_pct":-1.2087038829691865,"p75_return_pct":1.967560229455323,"above_zero_pct":42.857142857142854,"median_interval_low_pct":-1.2543476711840418,"median_interval_high_pct":2.0529718619303194,"median_interval_nominal_coverage_pct":94.2626953125,"confidence_floor_pct":0},{"sessions":3,"sample_size":14,"median_return_pct":-0.30099345914320064,"p25_return_pct":-2.046614623589607,"p75_return_pct":1.693745053390322,"above_zero_pct":50,"median_interval_low_pct":-2.095908807499014,"median_interval_high_pct":1.7993095661851033,"median_interval_nominal_coverage_pct":94.2626953125,"confidence_floor_pct":0},{"sessions":5,"sample_size":14,"median_return_pct":0.5044057744116093,"p25_return_pct":-2.4856307081804667,"p75_return_pct":1.9118869109164216,"above_zero_pct":57.14285714285714,"median_interval_low_pct":-2.587500364949591,"median_interval_high_pct":1.9672164500085465,"median_interval_nominal_coverage_pct":94.2626953125,"confidence_floor_pct":0},{"sessions":10,"sample_size":14,"median_return_pct":1.9996443459823765,"p25_return_pct":-4.413922097914466,"p75_return_pct":5.208430036658079,"above_zero_pct":57.14285714285714,"median_interval_low_pct":-5.02109672495088,"median_interval_high_pct":5.289613484033473,"median_interval_nominal_coverage_pct":94.2626953125,"confidence_floor_pct":0}]},{"direction":"below","event_count":14,"completed_path_count":14,"latest_cross_date":"2026-07-17","horizons":[{"sessions":1,"sample_size":14,"median_return_pct":-0.05194930320898683,"p25_return_pct":-1.2270444986405171,"p75_return_pct":0.8499434171939324,"above_zero_pct":50,"median_interval_low_pct":-1.2561212204691974,"median_interval_high_pct":0.8649464061095458,"median_interval_nominal_coverage_pct":94.2626953125,"confidence_floor_pct":0},{"sessions":3,"sample_size":14,"median_return_pct":-0.4899169371045897,"p25_return_pct":-1.7625512654164481,"p75_return_pct":1.8102491908905116,"above_zero_pct":42.857142857142854,"median_interval_low_pct":-1.8762977916313872,"median_interval_high_pct":2.1395993931216273,"median_interval_nominal_coverage_pct":94.2626953125,"confidence_floor_pct":0},{"sessions":5,"sample_size":14,"median_return_pct":-1.1451549568760544,"p25_return_pct":-1.7546715273108193,"p75_return_pct":2.339416639502817,"above_zero_pct":42.857142857142854,"median_interval_low_pct":-1.760015244778168,"median_interval_high_pct":2.38471092313135,"median_interval_nominal_coverage_pct":94.2626953125,"confidence_floor_pct":0},{"sessions":10,"sample_size":14,"median_return_pct":0.06341932484226209,"p25_return_pct":-3.586107485840789,"p75_return_pct":2.8156916617262775,"above_zero_pct":50,"median_interval_low_pct":-3.8172915233719906,"median_interval_high_pct":2.9806209810455675,"median_interval_nominal_coverage_pct":94.2626953125,"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."}