{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "KOD", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 57.32, "avg_conviction_label": "57.3", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "KOD", "leader_score": "57", "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": "57.32", "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": "KOD", "name": "Kodiak Sciences 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": 57.32, "options_pressure_score": 95.91, "trend_confirmation_score": 14.97, "speculation_score": 16.12, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "KOD shows volatility options pressure with a 57/100 conviction score, put-call volume ratio of 0.05, expected move of 19.5%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-02T13:11:18.612782+00:00", "snapshot": {"fetched_at": "2026-08-02T13:11:18.612782+00:00", "underlying_price": 41.58, "total_contracts": 368, "call_contracts": 184, "put_contracts": 184, "call_volume": 91, "put_volume": 5, "call_open_interest": 13128, "put_open_interest": 6203, "put_call_volume_ratio": 0.05494505, "put_call_open_interest_ratio": 0.47250152, "volume_open_interest_ratio": 0.00496612, "avg_implied_volatility": 1.0380225, "max_pain_strike": 37.0, "expected_move_percent": 19.54064454, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 41.58, "one_week_change": 0.41052885776382514, "one_week_change_label": "+0.4%", "relative_strength": 45.306425, "fair_value_gap_label": "+259.7%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "19.5%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend conflict", "value": "15", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 94.8, "confidence_label": "95/100", "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 96% / P 4%", "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": "15/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "12 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": 47.3, "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": "+96"}, {"label": "1W price", "value": "+0.4%"}, {"label": "Call premium", "value": "96%"}, {"label": "Put premium", "value": "4%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 76, "open_interest": 3391, "premium": 17900.0, "premium_label": "$17900", "premium_share": 55.20431765612953, "weighted_strike": 45.328947368421055, "avg_iv": 0.8294925, "max_voi": 0.02520412, "why": "calls cluster with 76 contracts traded, $17900 estimated gross traded notional, and 55% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 11, "open_interest": 1327, "premium": 12370.0, "premium_label": "$12370", "premium_share": 38.14957594448728, "weighted_strike": 35.36363636363637, "avg_iv": 1.3275387755102042, "max_voi": 2.0, "why": "calls cluster with 11 contracts traded, $12370 estimated gross traded notional, and 38% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 1, "open_interest": 1956, "premium": 895.0, "premium_label": "$895", "premium_share": 2.7602158828064765, "weighted_strike": 32.0, "avg_iv": 1.35777275, "max_voi": 0.00068074, "why": "puts cluster with 1 contracts traded, $895 estimated gross traded notional, and 3% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 4, "open_interest": 4037, "premium": 790.0, "premium_label": "$790", "premium_share": 2.4363916730917503, "weighted_strike": 67.5, "avg_iv": 1.0345765217391305, "max_voi": 0.02247191, "why": "calls cluster with 4 contracts traded, $790 estimated gross traded notional, and 2% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ATM", "tone": "negative", "volume": 1, "open_interest": 4, "premium": 422.5, "premium_label": "$422", "premium_share": 1.3030069390902081, "weighted_strike": 42.0, "avg_iv": 1.029485, "max_voi": 0.5, "why": "puts cluster with 1 contracts traded, $422 estimated gross traded notional, and 1% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $32425 of estimated gross traded notional, calls \u00b7 8-21 days \u00b7 otm, 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/4f654c8d-43ca-4af2-9cef-79ff430129a0/", "research_links": {"chart": "/terminal/4f654c8d-43ca-4af2-9cef-79ff430129a0/", "report": "/terminal/4f654c8d-43ca-4af2-9cef-79ff430129a0/report/", "factor": "/factors/ticker/4f654c8d-43ca-4af2-9cef-79ff430129a0/", "insider": "/insider-activity/company/kod/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}