{"latest_run": "2026-08-13T20:50:38.829406+00:00", "coverage_count": 6124, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "NGEN", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 53.66, "avg_conviction_label": "53.7", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "NGEN", "leader_score": "54", "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": "53.66", "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": "NGEN", "name": "NervGen Pharma Corp.", "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": 53.66, "options_pressure_score": 100.0, "trend_confirmation_score": 0.0, "speculation_score": 9.35, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "NGEN shows volatility options pressure with a 54/100 conviction score, put-call volume ratio of 0.03, expected move of 62.9%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-13T22:37:23.028269+00:00", "snapshot": {"fetched_at": "2026-08-13T22:37:23.028269+00:00", "underlying_price": 1.71, "total_contracts": 24, "call_contracts": 19, "put_contracts": 5, "call_volume": 416, "put_volume": 11, "call_open_interest": 7188, "put_open_interest": 156, "put_call_volume_ratio": 0.02644231, "put_call_open_interest_ratio": 0.02170284, "volume_open_interest_ratio": 0.0581427, "avg_implied_volatility": 7.80729443, "max_pain_strike": 2.5, "expected_move_percent": 62.86549708, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 1.71, "one_week_change": 5.555555555555555, "one_week_change_label": "+5.6%", "relative_strength": null, "fair_value_gap_label": "-48.1%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "5x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "62.9%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend conflict", "value": "0", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 85.2, "confidence_label": "85/100", "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 49% / P 51%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.06", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "0/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "21 Aug", "detail": "Matched earnings event is 7 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": 63.3, "score_label": "63/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+100"}, {"label": "1W price", "value": "+5.6%"}, {"label": "Call premium", "value": "49%"}, {"label": "Put premium", "value": "51%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 91, "open_interest": 4417, "premium": 2185.0, "premium_label": "$2,185", "premium_share": 27.663480407672342, "weighted_strike": 3.1043956043956045, "avg_iv": 0.5065124675, "max_voi": 1.0, "why": "calls cluster with 91 contracts traded, $2,185 estimated gross traded notional, and 28% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 8, "open_interest": 152, "premium": 2120.0, "premium_label": "$2,120", "premium_share": 26.84053934291321, "weighted_strike": 2.5, "avg_iv": 0.5833370833333333, "max_voi": 0.05263158, "why": "puts cluster with 8 contracts traded, $2,120 estimated gross traded notional, and 27% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 3, "open_interest": 4, "premium": 1922.5, "premium_label": "$1,922", "premium_share": 24.340064569222005, "weighted_strike": 7.5, "avg_iv": 9.54687763, "max_voi": 0.25, "why": "puts cluster with 3 contracts traded, $1,922 estimated gross traded notional, and 24% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 OTM", "tone": "positive", "volume": 306, "open_interest": 2354, "premium": 1535.0, "premium_label": "$1,535", "premium_share": 19.434069760081027, "weighted_strike": 2.55718954248366, "avg_iv": 1.5781277233333333, "max_voi": 0.25, "why": "calls cluster with 306 contracts traded, $1,535 estimated gross traded notional, and 19% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 19, "open_interest": 417, "premium": 136.0, "premium_label": "$136", "premium_share": 1.7218459201114136, "weighted_strike": 5.131578947368421, "avg_iv": 6.9375028275, "max_voi": 0.08333333, "why": "calls cluster with 19 contracts traded, $136 estimated gross traded notional, and 2% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $7,898 of estimated gross traded notional, calls \u00b7 91+ 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/9b28bb1b-fbed-4a0d-ab4e-4c92c92d9dc0/", "research_links": {"chart": "/terminal/9b28bb1b-fbed-4a0d-ab4e-4c92c92d9dc0/", "report": "/terminal/9b28bb1b-fbed-4a0d-ab4e-4c92c92d9dc0/report/", "factor": "/factors/ticker/9b28bb1b-fbed-4a0d-ab4e-4c92c92d9dc0/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}