{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "MDGL", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 39.55, "avg_conviction_label": "39.5", "bullish": 0, "bearish": 0, "volatility": 0, "mixed": 1, "leader": "MDGL", "leader_score": "40", "leader_direction": "mixed", "leader_direction_label": "Mixed", "leader_tone": "neutral", "leader_read": "The strongest current read is mixed, so the options tape is not giving a clean direction yet."}, "charts": {"sectors": [{"ticker__sector": "Healthcare", "count": 1, "avg_score": "39.55", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "mixed", "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": 0, "url": "/options/conviction/40-59/", "bar_width": 0.0}, {"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": 1, "url": "/options/conviction/under-40/", "bar_width": 100.0}]}, "signals": [{"symbol": "MDGL", "name": "Madrigal 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": "mixed", "direction_label": "Mixed", "tone": "neutral", "conviction_score": 39.55, "options_pressure_score": 13.09, "trend_confirmation_score": 71.76, "speculation_score": 41.61, "volatility_score": 62.42, "edge_label": "Options-market disagreement", "insight": "MDGL shows mixed options pressure with a 40/100 conviction score, put-call volume ratio of 0.86, expected move of 8.1%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-01T11:31:29.947872+00:00", "snapshot": {"fetched_at": "2026-08-01T11:31:29.947872+00:00", "underlying_price": 467.32, "total_contracts": 738, "call_contracts": 369, "put_contracts": 369, "call_volume": 466, "put_volume": 403, "call_open_interest": 8260, "put_open_interest": 4239, "put_call_volume_ratio": 0.86480687, "put_call_open_interest_ratio": 0.51319613, "volume_open_interest_ratio": 0.06952556, "avg_implied_volatility": 0.4270625, "max_pain_strike": 520.0, "expected_move_percent": 8.13147308, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 467.32, "one_week_change": -14.176048190115884, "one_week_change_label": "-14.2%", "relative_strength": -12.547017, "fair_value_gap_label": "+39.9%", "trend_signal": "1"}, "premium_flags": [{"label": "Priced move", "value": "8.1%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "72", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 77.3, "confidence_label": "77/100", "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 63% / P 37%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.07", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "72/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "4 Aug", "detail": "Matched earnings event is 3 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": "No clean flow/price divergence", "tone": "neutral", "score": 55.9, "score_label": "56/100", "summary": "The options read is mixed, so divergence is not strong enough to classify.", "metrics": [{"label": "Options pressure", "value": "+13"}, {"label": "1W price", "value": "-14.2%"}, {"label": "Call premium", "value": "63%"}, {"label": "Put premium", "value": "37%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 240, "open_interest": 5120, "premium": 1307315.0, "premium_label": "$1.3M", "premium_share": 40.63659433624446, "weighted_strike": 552.0416666666666, "avg_iv": 0.5528619736842105, "max_voi": 5.0, "why": "calls cluster with 240 contracts traded, $1.3M estimated gross traded notional, and 41% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 69, "open_interest": 1458, "premium": 416477.5, "premium_label": "$416478", "premium_share": 12.945791349195297, "weighted_strike": 407.536231884058, "avg_iv": 0.5860835, "max_voi": 2.5, "why": "puts cluster with 69 contracts traded, $416478 estimated gross traded notional, and 13% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 14, "open_interest": 469, "premium": 311230.0, "premium_label": "$311230", "premium_share": 9.674276861559273, "weighted_strike": 257.85714285714283, "avg_iv": 0.6603165909090909, "max_voi": 2.33333333, "why": "calls cluster with 14 contracts traded, $311230 estimated gross traded notional, and 10% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 OTM", "tone": "negative", "volume": 260, "open_interest": 388, "premium": 304647.5, "premium_label": "$304648", "premium_share": 9.469666356655459, "weighted_strike": 448.8076923076923, "avg_iv": 0.48873428571428573, "max_voi": 1.0, "why": "puts cluster with 260 contracts traded, $304648 estimated gross traded notional, and 9% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 143, "open_interest": 1813, "premium": 268180.0, "premium_label": "$268180", "premium_share": 8.336110171683211, "weighted_strike": 540.0, "avg_iv": 0.4532193103448276, "max_voi": 15.75, "why": "calls cluster with 143 contracts traded, $268180 estimated gross traded notional, and 8% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $3.2M of estimated gross traded notional, calls \u00b7 91+ days \u00b7 otm, and a no clean flow/price divergence 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/395e904b-a8e7-4795-b37b-55f3445d832b/", "research_links": {"chart": "/terminal/395e904b-a8e7-4795-b37b-55f3445d832b/", "report": "/terminal/395e904b-a8e7-4795-b37b-55f3445d832b/report/", "factor": "/factors/ticker/395e904b-a8e7-4795-b37b-55f3445d832b/", "insider": "/insider-activity/company/mdgl/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}