{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "NDAQ", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 43.61, "avg_conviction_label": "43.6", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "NDAQ", "leader_score": "44", "leader_direction": "bearish", "leader_direction_label": "Bearish", "leader_tone": "negative", "leader_read": "The strongest current read leans put-side, which is usually a caution flag or downside-risk signal."}, "charts": {"sectors": [{"ticker__sector": "Financial Services", "count": 1, "avg_score": "43.61", "sector_label": "Financial Services", "industry_label": "", "sector_url": "/structure/us/financial-services/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "bearish", "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": "NDAQ", "name": "Nasdaq Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Financial Services", "industry": "Financial Data & Stock Exchanges", "sector_url": "https://sharemaestro.com/structure/us/financial-services/", "industry_url": "https://sharemaestro.com/structure/us/financial-services/financial-data-stock-exchanges/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 43.61, "options_pressure_score": -20.13, "trend_confirmation_score": 82.01, "speculation_score": 43.71, "volatility_score": 42.15, "edge_label": "Put-side pressure", "insight": "NDAQ shows bearish options pressure with a 44/100 conviction score, put-call volume ratio of 1.53, expected move of 3.1%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-07-30T17:10:45.694104+00:00", "snapshot": {"fetched_at": "2026-07-30T17:10:45.694104+00:00", "underlying_price": 92.09, "total_contracts": 459, "call_contracts": 239, "put_contracts": 220, "call_volume": 2279, "put_volume": 3497, "call_open_interest": 18834, "put_open_interest": 17324, "put_call_volume_ratio": 1.53444493, "put_call_open_interest_ratio": 0.91982585, "volume_open_interest_ratio": 0.15974335, "avg_implied_volatility": 0.42584803, "max_pain_strike": 92.0, "expected_move_percent": 3.08393962, "nearest_expiration": "2026-07-31"}, "market": {"latest_close": 92.09, "one_week_change": 0.49105194238323874, "one_week_change_label": "+0.5%", "relative_strength": -5.810152, "fair_value_gap_label": "+25.1%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bearish pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+0.1%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Trend agreement", "value": "82", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 60.9, "confidence_label": "61/100", "summary": "Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.", "evidence": [{"label": "Notional split", "value": "C 61% / P 39%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.16", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "82/100", "detail": "Agreement between options pressure and Sharemaestro market context."}], "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": "Bearish flow before price confirmation", "tone": "negative", "score": 18.4, "score_label": "18/100", "summary": "Put-side pressure is present before a decisive weekly price breakdown.", "metrics": [{"label": "Options pressure", "value": "-20"}, {"label": "1W price", "value": "+0.5%"}, {"label": "Call premium", "value": "61%"}, {"label": "Put premium", "value": "39%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 438, "open_interest": 2190, "premium": 1048775.0, "premium_label": "$1.0M", "premium_share": 32.303342018708236, "weighted_strike": 79.58333333333333, "avg_iv": 0.3982053111111111, "max_voi": 3.0, "why": "calls cluster with 438 contracts traded, $1.0M estimated gross traded notional, and 32% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 1357, "open_interest": 3830, "premium": 817527.5, "premium_label": "$817528", "premium_share": 25.180682646134294, "weighted_strike": 77.12785556374355, "avg_iv": 0.3797168651282051, "max_voi": 1.34751773, "why": "puts cluster with 1357 contracts traded, $817528 estimated gross traded notional, and 25% of visible notional."}, {"label": "Calls \u00b7 0-7 days \u00b7 ITM", "tone": "positive", "volume": 401, "open_interest": 226, "premium": 445935.0, "premium_label": "$445935", "premium_share": 13.73525381813321, "weighted_strike": 83.26184538653366, "avg_iv": 1.1803414646666666, "max_voi": 80.5, "why": "calls cluster with 401 contracts traded, $445935 estimated gross traded notional, and 14% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 587, "open_interest": 4211, "premium": 224077.5, "premium_label": "$224078", "premium_share": 6.901816043667226, "weighted_strike": 116.73339011925043, "avg_iv": 0.3510945793939394, "max_voi": 30.77777778, "why": "calls cluster with 587 contracts traded, $224078 estimated gross traded notional, and 7% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ATM", "tone": "negative", "volume": 999, "open_interest": 419, "premium": 202380.0, "premium_label": "$202380", "premium_share": 6.233510865291575, "weighted_strike": 90.00250250250251, "avg_iv": 0.302985485, "max_voi": 3.12852665, "why": "puts cluster with 999 contracts traded, $202380 estimated gross traded notional, and 6% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $3.2M of estimated gross traded notional, calls \u00b7 91+ days \u00b7 itm, and a bearish flow before price confirmation 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/cffb6d22-545f-48f5-a60e-95cb00047753/", "research_links": {"chart": "/terminal/cffb6d22-545f-48f5-a60e-95cb00047753/", "report": "/terminal/cffb6d22-545f-48f5-a60e-95cb00047753/report/", "factor": "/factors/ticker/cffb6d22-545f-48f5-a60e-95cb00047753/", "insider": "/insider-activity/company/ndaq/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}