{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "NEXT", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 49.67, "avg_conviction_label": "49.7", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "NEXT", "leader_score": "50", "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": "Energy", "count": 1, "avg_score": "49.67", "sector_label": "Energy", "industry_label": "", "sector_url": "/structure/us/energy/", "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": "NEXT", "name": "Nextdecade Corp", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Energy", "industry": "Oil & Gas Equipment & Services", "sector_url": "https://sharemaestro.com/structure/us/energy/", "industry_url": "https://sharemaestro.com/structure/us/energy/oil-gas-equipment-services/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 49.67, "options_pressure_score": 89.35, "trend_confirmation_score": 8.73, "speculation_score": 4.73, "volatility_score": 88.33, "edge_label": "Volatility expansion watch", "insight": "NEXT shows volatility options pressure with a 50/100 conviction score, put-call volume ratio of 0.12, expected move of 12.3%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-01T11:30:49.404658+00:00", "snapshot": {"fetched_at": "2026-08-01T11:30:49.404658+00:00", "underlying_price": 6.72, "total_contracts": 144, "call_contracts": 72, "put_contracts": 72, "call_volume": 808, "put_volume": 94, "call_open_interest": 172189, "put_open_interest": 25946, "put_call_volume_ratio": 0.11633663, "put_call_open_interest_ratio": 0.15068326, "volume_open_interest_ratio": 0.00455245, "avg_implied_volatility": 0.69047125, "max_pain_strike": 7.0, "expected_move_percent": 12.27678571, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 6.72, "one_week_change": -4.0685224839400425, "one_week_change_label": "-4.1%", "relative_strength": -12.037273, "fair_value_gap_label": "-0.0%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "12.3%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend conflict", "value": "9", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "volatility-expansion-bet", "label": "Volatility expansion bet", "tone": "warning", "confidence": 92, "confidence_label": "92/100", "summary": "The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.", "evidence": [{"label": "Notional split", "value": "C 91% / P 9%", "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": "9/100", "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": "Volatility flow versus price", "tone": "warning", "score": 53.3, "score_label": "53/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+89"}, {"label": "1W price", "value": "-4.1%"}, {"label": "Call premium", "value": "91%"}, {"label": "Put premium", "value": "9%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 635, "open_interest": 15391, "premium": 18597.5, "premium_label": "$18598", "premium_share": 53.223913914486864, "weighted_strike": 7.045669291338583, "avg_iv": 0.9590288888888889, "max_voi": 0.57786116, "why": "calls cluster with 635 contracts traded, $18598 estimated gross traded notional, and 53% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 150, "open_interest": 135553, "premium": 12395.0, "premium_label": "$12395", "premium_share": 35.47306965829088, "weighted_strike": 12.493333333333334, "avg_iv": 0.64169125, "max_voi": 0.01877395, "why": "calls cluster with 150 contracts traded, $12395 estimated gross traded notional, and 35% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 OTM", "tone": "negative", "volume": 83, "open_interest": 1169, "premium": 2582.5, "premium_label": "$2582", "premium_share": 7.390819071604373, "weighted_strike": 6.0, "avg_iv": 1.0676983333333334, "max_voi": 0.40384615, "why": "puts cluster with 83 contracts traded, $2582 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 22, "open_interest": 10423, "premium": 480.0, "premium_label": "$480", "premium_share": 1.3737049968519262, "weighted_strike": 9.181818181818182, "avg_iv": 0.6972466666666667, "max_voi": 0.01675978, "why": "calls cluster with 22 contracts traded, $480 estimated gross traded notional, and 1% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 8, "open_interest": 3317, "premium": 420.0, "premium_label": "$420", "premium_share": 1.2019918722454352, "weighted_strike": 7.0, "avg_iv": 1.3546833333333332, "max_voi": 0.00304067, "why": "puts cluster with 8 contracts traded, $420 estimated gross traded notional, and 1% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $34942 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/98af8e23-6bc6-4ed0-bfc3-11ae211615c0/", "research_links": {"chart": "/terminal/98af8e23-6bc6-4ed0-bfc3-11ae211615c0/", "report": "/terminal/98af8e23-6bc6-4ed0-bfc3-11ae211615c0/report/", "factor": "/factors/ticker/98af8e23-6bc6-4ed0-bfc3-11ae211615c0/", "insider": "/insider-activity/company/next/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}