{"latest_run": "2026-08-13T20:50:38.829406+00:00", "coverage_count": 6124, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "NGG", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 38.86, "avg_conviction_label": "38.9", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "NGG", "leader_score": "39", "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": "Utilities", "count": 1, "avg_score": "38.86", "sector_label": "Utilities", "industry_label": "", "sector_url": "/structure/us/utilities/", "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": 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": "NGG", "name": "National Grid PLC ADR", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Utilities", "industry": "Utilities - Regulated Electric", "sector_url": "https://sharemaestro.com/structure/us/utilities/", "industry_url": "https://sharemaestro.com/structure/us/utilities/utilities-regulated-electric/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 38.86, "options_pressure_score": -24.76, "trend_confirmation_score": 85.48, "speculation_score": 10.41, "volatility_score": 39.43, "edge_label": "Put-side pressure", "insight": "NGG shows bearish options pressure with a 39/100 conviction score, put-call volume ratio of 1.77, expected move of 2.6%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-13T17:49:22.591172+00:00", "snapshot": {"fetched_at": "2026-08-13T17:49:22.591172+00:00", "underlying_price": 80.88, "total_contracts": 116, "call_contracts": 59, "put_contracts": 57, "call_volume": 412, "put_volume": 729, "call_open_interest": 6901, "put_open_interest": 5165, "put_call_volume_ratio": 1.76941748, "put_call_open_interest_ratio": 0.74844225, "volume_open_interest_ratio": 0.09456324, "avg_implied_volatility": 0.41663181, "max_pain_strike": 85.0, "expected_move_percent": 2.56552918, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 80.88, "one_week_change": 1.1379267225209453, "one_week_change_label": "+1.1%", "relative_strength": -8.416416, "fair_value_gap_label": "+24.5%", "trend_signal": "0"}, "premium_flags": [{"label": "Trend agreement", "value": "85", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 67.4, "confidence_label": "67/100", "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 34% / P 66%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.09", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "85/100", "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 against rising price", "tone": "warning", "score": 16.4, "score_label": "16/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-25"}, {"label": "1W price", "value": "+1.1%"}, {"label": "Call premium", "value": "34%"}, {"label": "Put premium", "value": "66%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 22-45 days \u00b7 ITM", "tone": "negative", "volume": 422, "open_interest": 1588, "premium": 206160.0, "premium_label": "$206,160", "premium_share": 40.885941392057624, "weighted_strike": 85.30805687203791, "avg_iv": 0.39120074666666665, "max_voi": 0.76982592, "why": "puts cluster with 422 contracts traded, $206,160 estimated gross traded notional, and 41% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 54, "open_interest": 605, "premium": 59010.0, "premium_label": "$59,010", "premium_share": 11.702946262831395, "weighted_strike": 90.0925925925926, "avg_iv": 0.3234582166666667, "max_voi": 1.0, "why": "puts cluster with 54 contracts traded, $59,010 estimated gross traded notional, and 12% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 65, "open_interest": 172, "premium": 57230.0, "premium_label": "$57,230", "premium_share": 11.349934157292674, "weighted_strike": 72.84615384615384, "avg_iv": 0.45709855875, "max_voi": 0.75, "why": "calls cluster with 65 contracts traded, $57,230 estimated gross traded notional, and 11% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 48, "open_interest": 165, "premium": 47205.0, "premium_label": "$47,205", "premium_share": 9.361762046042298, "weighted_strike": 73.4375, "avg_iv": 0.43379777583333334, "max_voi": 1.02702703, "why": "calls cluster with 48 contracts traded, $47,205 estimated gross traded notional, and 9% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 138, "open_interest": 924, "premium": 45705.0, "premium_label": "$45,705", "premium_share": 9.064279934633264, "weighted_strike": 80.0, "avg_iv": 0.22661092666666666, "max_voi": 0.33333333, "why": "puts cluster with 138 contracts traded, $45,705 estimated gross traded notional, and 9% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $504,232 of estimated gross traded notional, puts \u00b7 22-45 days \u00b7 itm, and a bearish flow against rising 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/bd9dfde2-081b-42e3-a87c-eaa90385b738/", "research_links": {"chart": "/terminal/bd9dfde2-081b-42e3-a87c-eaa90385b738/", "report": "/terminal/bd9dfde2-081b-42e3-a87c-eaa90385b738/report/", "factor": "/factors/ticker/bd9dfde2-081b-42e3-a87c-eaa90385b738/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}