{"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/XLRE","markdown_url":null,"history_url":"https://halfonadouble.com/api/v1/history/XLRE.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/XLRE.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":"XLRE","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":40.810001373291016,"previous_close":40.68000030517578,"delta_neutral":41.83578047308201,"gamma_neutral":42.72579909003409,"gamma_max":46.31448144272668,"total_open_interest":30922,"previous_open_interest":30810,"listed_contracts":119,"listed_calls":73,"listed_puts":50,"gamma_max_distance_pct":13.488066366589713,"delta_neutral_distance_pct":2.5135483099060574,"gamma_neutral_distance_pct":4.694431885015585,"open_interest_change_1d_pct":0.3635183382018825,"call_open_interest":12881,"put_open_interest":18041,"put_call_open_interest_ratio":1.400590016303082,"nearest_expiration_max_pain":43,"nearest_expiration_max_pain_expiry":"2026-10-16","nearest_expiration_max_pain_distance_pct":5.366328235760061,"all_expiration_max_pain":42,"net_gamma_exposure":-1595164.7127772078,"net_gamma_exposure_per_100k_open_interest":-5158672.507526059,"gamma_exposure_flip":42.72579909003409,"gamma_exposure_flip_distance_pct":4.694431885015585,"call_wall":41,"call_wall_distance_pct":0.4655687829340115,"put_wall":42,"put_wall_distance_pct":2.9159485093470363,"gamma_max_cross_direction":null,"delta_neutral_cross_direction":null,"open_interest_rank":1266},"history_summary":null,"advanced_options":{"data_through":"2026-10-02","analysis_coverage":1,"catalyst_score":null,"directional_score":null,"catalyst_reasons":[],"features":{"symbol":"XLRE","price":40.81,"totalOi":30922,"analysisCoverage":1,"avgIvPct":25.7,"ivRank":25.8,"iv52wHighPct":43.53,"iv52wLowPct":19.5,"frontDte":14,"frontAtmIvPct":18.3306,"backAtmIvPct":16.7032,"termPremiumPp":1.6274,"expectedMoveFrontPct":3.59,"straddleFrontPct":2.33,"straddle30dPct":2.33,"riskReversalFrontPp":1.05,"riskReversal30dPp":1.05,"butterflyFrontPp":-4.25,"butterfly30dPp":-4.25,"putCallOiRatio":1.401,"putCallOiFrontRatio":0.297,"putCallVolumeFrontRatio":0.952,"optionVolume":478,"volumeOiRatio":0.015458,"netDeltaNormalized":-0.06152,"dealerDeltaNormalized":0.061197,"gexPer100kOi":-1601882.640191,"vannaPer100kOi":3327.727831,"charmPer100kOi":4993.208719,"weekendDeltaShiftPer100kOi":14976.392213,"ivSurfaceRangePp":52.1,"gammaFlipDistancePct":null,"maxPainDistancePct":2.915952,"peakCallDistancePct":0.465572,"peakPutDistancePct":0.465572},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/XLRE.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."}