{"latest_run": "2026-08-03T20:50:00.024052+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "ELDN", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 46.9, "avg_conviction_label": "46.9", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "ELDN", "leader_score": "47", "leader_direction": "volatility", "leader_direction_label": "Volatility", "leader_tone": "warning", "leader_read": "The strongest current read is about a larger expected move, not a clean up-or-down direction."}, "charts": {"sectors": [{"ticker__sector": "Healthcare", "count": 1, "avg_score": "46.90", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "volatility", "count": 1, "bar_width": 100.0}], "score_bands": [{"slug": "80-plus", "label": "80+", "min": "80", "max": null, "title": "80+ conviction options signals", "summary": "The strongest current options reads, where pressure, participation, volatility context, and trend fit are most aligned.", "count": 0, "url": "/options/conviction/80-plus/", "bar_width": 0.0}, {"slug": "60-79", "label": "60-79", "min": "60", "max": "80", "title": "60-79 conviction options signals", "summary": "Strong options setups with meaningful evidence, usually worth deeper confirmation in the ticker detail and weekly chart.", "count": 0, "url": "/options/conviction/60-79/", "bar_width": 0.0}, {"slug": "40-59", "label": "40-59", "min": "40", "max": "60", "title": "40-59 conviction options signals", "summary": "Developing options reads where the tape is active, but one or more confirmation layers still need context.", "count": 1, "url": "/options/conviction/40-59/", "bar_width": 100.0}, {"slug": "under-40", "label": "<40", "min": null, "max": "40", "title": "Under 40 conviction options signals", "summary": "Early, mixed, or lower-conviction options reads that can still be useful as watchlist context.", "count": 0, "url": "/options/conviction/under-40/", "bar_width": 0.0}]}, "signals": [{"symbol": "ELDN", "name": "Eledon Pharmaceuticals Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Biotechnology", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/biotechnology/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 46.9, "options_pressure_score": 62.47, "trend_confirmation_score": 32.74, "speculation_score": 11.58, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "ELDN shows volatility options pressure with a 47/100 conviction score, put-call volume ratio of 0.15, expected move of 31.0%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-02T23:36:40.422806+00:00", "snapshot": {"fetched_at": "2026-08-02T23:36:40.422806+00:00", "underlying_price": 3.38, "total_contracts": 32, "call_contracts": 16, "put_contracts": 16, "call_volume": 41, "put_volume": 6, "call_open_interest": 12463, "put_open_interest": 26792, "put_call_volume_ratio": 0.14634146, "put_call_open_interest_ratio": 2.14972318, "volume_open_interest_ratio": 0.0011973, "avg_implied_volatility": 1.29045625, "max_pain_strike": 5.0, "expected_move_percent": 30.95326747, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 3.38, "one_week_change": -5.58659217877095, "one_week_change_label": "-5.6%", "relative_strength": 10.46886, "fair_value_gap_label": "+23.3%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "31.0%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 92.8, "confidence_label": "93/100", "summary": "Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.", "evidence": [{"label": "Notional split", "value": "C 77% / P 23%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.00", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "33/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "13 Aug", "detail": "Matched earnings event is 9 days away."}], "watchouts": ["Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction."]}, "flow_divergence": {"label": "Volatility flow versus price", "tone": "warning", "score": 47.0, "score_label": "47/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+62"}, {"label": "1W price", "value": "-5.6%"}, {"label": "Call premium", "value": "77%"}, {"label": "Put premium", "value": "23%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 31, "open_interest": 544, "premium": 6955.0, "premium_label": "$6,955", "premium_share": 70.6808943089431, "weighted_strike": 1.0806451612903225, "avg_iv": 2.044098, "max_voi": 1.44444444, "why": "calls cluster with 31 contracts traded, $6,955 estimated gross traded notional, and 71% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 5, "open_interest": 23, "premium": 2100.0, "premium_label": "$2,100", "premium_share": 21.341463414634145, "weighted_strike": 7.5, "avg_iv": 0.917295, "max_voi": 1.0, "why": "puts cluster with 5 contracts traded, $2,100 estimated gross traded notional, and 21% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 5, "open_interest": 3101, "premium": 600.0, "premium_label": "$600", "premium_share": 6.097560975609756, "weighted_strike": 2.5, "avg_iv": 0.90754, "max_voi": 0.02380952, "why": "calls cluster with 5 contracts traded, $600 estimated gross traded notional, and 6% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 1, "open_interest": 5979, "premium": 160.0, "premium_label": "$160", "premium_share": 1.6260162601626016, "weighted_strike": 5.0, "avg_iv": 1.17095, "max_voi": 0.00016725, "why": "puts cluster with 1 contracts traded, $160 estimated gross traded notional, and 2% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 5, "open_interest": 4285, "premium": 25.0, "premium_label": "$25", "premium_share": 0.2540650406504065, "weighted_strike": 5.0, "avg_iv": 1.200215, "max_voi": 0.0012219, "why": "calls cluster with 5 contracts traded, $25 estimated gross traded notional, and 0% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $9,840 of estimated gross traded notional, calls \u00b7 8-21 days \u00b7 itm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.", "detail_url": "https://sharemaestro.com/options/ticker/9ea60f2e-1441-41d0-831e-26c2cc6d0c61/", "research_links": {"chart": "/terminal/9ea60f2e-1441-41d0-831e-26c2cc6d0c61/", "report": "/terminal/9ea60f2e-1441-41d0-831e-26c2cc6d0c61/report/", "factor": "/factors/ticker/9ea60f2e-1441-41d0-831e-26c2cc6d0c61/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}