{
  "report_rows": [
    {
      "kpi": "SPX Index Options ADV",
      "prediction": "BEAT",
      "answer": "pred ~6,500K vs. cons 6,208K",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Multi-Listed Options RPC",
      "prediction": "BEAT",
      "answer": "pred ~$0.070 vs. cons $0.0643",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted Diluted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$3.65 vs. cons $3.484",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY 2026 Organic Rev Growth (FY26)",
      "prediction": "UNCHANGED",
      "answer": "guide ~reaffirm 'low-DD to mid-teens' vs. cons $2,858M",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY 2026 Adj Opex (FY26)",
      "prediction": "UNCHANGED",
      "answer": "guide ~reaffirm $838-853M vs. cons $844.9M",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 0.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -1.2,
  "day5_path": "FADE",
  "day5_rationale": "FADE \u2014 beat absorbed by pre-run; reaffirmed guide doesn't move H2 estimates; short covering provides initial bid that fades",
  "day5_confidence": "MEDIUM"
}