{"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/NOK","markdown_url":"https://halfonadouble.com/stock/NOK.md","history_url":"https://halfonadouble.com/api/v1/history/NOK.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/NOK.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":"NOK","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":10.600000381469727,"previous_close":10.369999885559082,"delta_neutral":9.604887231421586,"gamma_neutral":7.943434309433586,"gamma_max":12.124103893478097,"total_open_interest":3089787,"previous_open_interest":3138744,"listed_contracts":527,"listed_calls":386,"listed_puts":276,"gamma_max_distance_pct":14.378334501503556,"delta_neutral_distance_pct":-9.38785956826697,"gamma_neutral_distance_pct":-25.0619431738907,"open_interest_change_1d_pct":-1.5597640330017357,"call_open_interest":2245897,"put_open_interest":843890,"put_call_open_interest_ratio":0.3757474185147404,"nearest_expiration_max_pain":10,"nearest_expiration_max_pain_expiry":"2026-10-09","nearest_expiration_max_pain_distance_pct":-5.66038075355743,"all_expiration_max_pain":10,"net_gamma_exposure":85412722.95360515,"net_gamma_exposure_per_100k_open_interest":2764356.3440976725,"gamma_exposure_flip":7.943434309433586,"gamma_exposure_flip_distance_pct":-25.0619431738907,"call_wall":11,"call_wall_distance_pct":3.773581171086827,"put_wall":11,"put_wall_distance_pct":3.773581171086827,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":30},"history_summary":{"first_date":"2020-12-01","last_date":"2026-10-02","session_count":1394,"trailing_window_sessions":252,"sessions_above_gamma_max_pct":18.650793650793652,"gamma_max_cross_count":28,"delta_neutral_cross_count":4,"gamma_max_prior_sessions_closer_pct":83.33333333333334,"gamma_max_prior_comparison_sessions":252,"delta_neutral_prior_sessions_closer_pct":16.666666666666664,"delta_neutral_prior_comparison_sessions":252,"open_interest_percentile_1y":64.68253968253968,"open_interest_change_1d_contracts":-48957,"open_interest_change_z_252":-0.45738948537570606,"open_interest_change_z_comparison_sessions":252,"open_interest_change_5_sessions_pct":2.3360390771766286,"open_interest_change_21_sessions_pct":-13.180721307200708,"call_put_open_interest_changes":{"one_session":{"call_change_contracts":-38807,"put_change_contracts":-10150,"call_growth_pct":-1.698557012199392,"put_growth_pct":-1.1884689241721698,"call_minus_put_growth_pp":-0.5100880880272223},"five_sessions":{"call_change_contracts":41709,"put_change_contracts":28822,"call_growth_pct":1.8922614586414588,"put_growth_pct":3.5361466773324435,"call_minus_put_growth_pp":-1.6438852186909847},"call_change_surprise":{"z_score":-0.4837821216936381,"comparison_sessions":252},"put_change_surprise":{"z_score":-0.346195184918305,"comparison_sessions":252},"call_minus_put_growth_surprise":{"z_score":-0.012833223393124647,"comparison_sessions":252}}},"advanced_options":{"data_through":"2026-10-02","analysis_coverage":1,"catalyst_score":38.908783277058866,"directional_score":3.5433070866141705,"catalyst_reasons":[],"features":{"symbol":"NOK","price":10.6,"totalOi":3151441,"analysisCoverage":1,"avgIvPct":579.1,"ivRank":62.3,"iv52wHighPct":883.4,"iv52wLowPct":76.18,"frontDte":7,"frontAtmIvPct":53.5076,"backAtmIvPct":62.7735,"termPremiumPp":-9.2659,"expectedMoveFrontPct":7.41,"straddleFrontPct":5.42,"straddle30dPct":14.25,"riskReversalFrontPp":2,"riskReversal30dPp":0.87,"butterflyFrontPp":-0.44,"butterfly30dPp":0.93,"putCallOiRatio":0.376,"putCallOiFrontRatio":0.4,"putCallVolumeFrontRatio":0.21,"optionVolume":125852,"volumeOiRatio":0.039935,"netDeltaNormalized":0.112348,"dealerDeltaNormalized":-0.111409,"gexPer100kOi":287759.722298,"vannaPer100kOi":2931.452628,"charmPer100kOi":-57583.879882,"weekendDeltaShiftPer100kOi":-172751.639647,"ivSurfaceRangePp":133.8,"gammaFlipDistancePct":-51.886792,"maxPainDistancePct":-5.660377,"peakCallDistancePct":3.773585,"peakPutDistancePct":-5.660377},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/NOK.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":54,"completed_path_count":54,"latest_cross_date":"2026-06-01","horizons":[{"sessions":1,"sample_size":54,"median_return_pct":0,"p25_return_pct":-1.1281833848499705,"p75_return_pct":0.9403183085253286,"above_zero_pct":46.2962962962963,"median_interval_low_pct":-0.3703788300324029,"median_interval_high_pct":0.4717089349841386,"median_interval_nominal_coverage_pct":92.40952705108985,"confidence_floor_pct":0},{"sessions":3,"sample_size":54,"median_return_pct":-0.8565348020362018,"p25_return_pct":-2.7984061292263607,"p75_return_pct":0.9424607034536792,"above_zero_pct":35.18518518518518,"median_interval_low_pct":-1.5624985448084439,"median_interval_high_pct":0,"median_interval_nominal_coverage_pct":92.40952705108985,"confidence_floor_pct":0},{"sessions":5,"sample_size":54,"median_return_pct":-0.962858683283474,"p25_return_pct":-2.731481069360961,"p75_return_pct":1.9653586585458294,"above_zero_pct":44.44444444444444,"median_interval_low_pct":-1.608189050592146,"median_interval_high_pct":0.7339442798699913,"median_interval_nominal_coverage_pct":92.40952705108985,"confidence_floor_pct":0},{"sessions":10,"sample_size":54,"median_return_pct":0.384567290412241,"p25_return_pct":-4.0633430625422235,"p75_return_pct":3.4599557412202664,"above_zero_pct":51.85185185185185,"median_interval_low_pct":-2.2108862569857,"median_interval_high_pct":2.1207196087103863,"median_interval_nominal_coverage_pct":92.40952705108985,"confidence_floor_pct":0}]},{"direction":"below","event_count":54,"completed_path_count":54,"latest_cross_date":"2026-06-04","horizons":[{"sessions":1,"sample_size":54,"median_return_pct":-0.08389453706232897,"p25_return_pct":-1.0436812813526153,"p75_return_pct":0.8476486551216023,"above_zero_pct":42.592592592592595,"median_interval_low_pct":-0.7142850452539706,"median_interval_high_pct":0.19455698719061942,"median_interval_nominal_coverage_pct":92.40952705108985,"confidence_floor_pct":0},{"sessions":3,"sample_size":54,"median_return_pct":-0.7205768027589543,"p25_return_pct":-2.7165153206287043,"p75_return_pct":1.5206211869689512,"above_zero_pct":40.74074074074074,"median_interval_low_pct":-1.311474179619243,"median_interval_high_pct":0.8389293693764621,"median_interval_nominal_coverage_pct":92.40952705108985,"confidence_floor_pct":0},{"sessions":5,"sample_size":54,"median_return_pct":0.2478248092030233,"p25_return_pct":-2.0348422559250596,"p75_return_pct":3.782001398735985,"above_zero_pct":51.85185185185185,"median_interval_low_pct":-1.1594191681209676,"median_interval_high_pct":1.7716565736133338,"median_interval_nominal_coverage_pct":92.40952705108985,"confidence_floor_pct":0},{"sessions":10,"sample_size":54,"median_return_pct":1.740177027485168,"p25_return_pct":-2.678820884987085,"p75_return_pct":4.636757936823932,"above_zero_pct":55.55555555555556,"median_interval_low_pct":-0.9784772882280857,"median_interval_high_pct":3.6297604529450966,"median_interval_nominal_coverage_pct":92.40952705108985,"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."}