{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "NREF", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 50.64, "avg_conviction_label": "50.6", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "NREF", "leader_score": "51", "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": "Real Estate", "count": 1, "avg_score": "50.64", "sector_label": "Real Estate", "industry_label": "", "sector_url": "/structure/us/real-estate/", "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": "NREF", "name": "Nexpoint Real Estate Finance Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Real Estate", "industry": "Reit - Mortgage", "sector_url": "https://sharemaestro.com/structure/us/real-estate/", "industry_url": "https://sharemaestro.com/structure/us/real-estate/reit-mortgage/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 50.64, "options_pressure_score": -70.21, "trend_confirmation_score": 32.88, "speculation_score": 13.65, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "NREF shows volatility options pressure with a 51/100 conviction score, put-call volume ratio of 7.80, expected move of 17.7%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-30T22:56:37.331969+00:00", "snapshot": {"fetched_at": "2026-07-30T22:56:37.331969+00:00", "underlying_price": 16.79, "total_contracts": 17, "call_contracts": 11, "put_contracts": 6, "call_volume": 15, "put_volume": 117, "call_open_interest": 384, "put_open_interest": 158, "put_call_volume_ratio": 7.8, "put_call_open_interest_ratio": 0.41145833, "volume_open_interest_ratio": 0.24354244, "avg_implied_volatility": 0.86621529, "max_pain_strike": 17.5, "expected_move_percent": 17.74865992, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 16.79, "one_week_change": -0.7096392667060911, "one_week_change_label": "-0.7%", "relative_strength": 14.239009, "fair_value_gap_label": "+37.3%", "trend_signal": "1"}, "premium_flags": [{"label": "Priced move", "value": "17.7%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 84.0, "confidence_label": "84/100", "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 45% / P 55%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.24", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "33/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "6 Aug", "detail": "Matched earnings event is 6 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": 36.2, "score_label": "36/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "-70"}, {"label": "1W price", "value": "-0.7%"}, {"label": "Call premium", "value": "45%"}, {"label": "Put premium", "value": "55%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 101, "open_interest": 109, "premium": 14557.0, "premium_label": "$14557", "premium_share": 47.19020990355782, "weighted_strike": 12.524752475247524, "avg_iv": 0.717043845, "max_voi": 1.0, "why": "puts cluster with 101 contracts traded, $14557 estimated gross traded notional, and 47% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 12, "open_interest": 12, "premium": 13540.0, "premium_label": "$13540", "premium_share": 43.89334630034849, "weighted_strike": 5.833333333333333, "avg_iv": 1.038092655, "max_voi": 0.08333333, "why": "calls cluster with 12 contracts traded, $13540 estimated gross traded notional, and 44% of visible notional."}, {"label": "Puts \u00b7 22-45 days \u00b7 ITM", "tone": "negative", "volume": 6, "open_interest": 19, "premium": 2220.0, "premium_label": "$2220", "premium_share": 7.196693411135424, "weighted_strike": 20.0, "avg_iv": 0.93261786, "max_voi": 0.31578947, "why": "puts cluster with 6 contracts traded, $2220 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 1, "open_interest": 28, "premium": 293.0, "premium_label": "$293", "premium_share": 0.949833860118324, "weighted_strike": 15.0, "avg_iv": 2.6170290233333335, "max_voi": 0.03571429, "why": "calls cluster with 1 contracts traded, $293 estimated gross traded notional, and 1% of visible notional."}, {"label": "Puts \u00b7 22-45 days \u00b7 OTM", "tone": "negative", "volume": 10, "open_interest": 30, "premium": 130.0, "premium_label": "$130", "premium_share": 0.4214279925439663, "weighted_strike": 15.0, "avg_iv": 1.19726987, "max_voi": 0.34482759, "why": "puts cluster with 10 contracts traded, $130 estimated gross traded notional, and 0% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $30848 of estimated gross traded notional, puts \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/e1433582-6f67-4aff-93fe-4bba099275e2/", "research_links": {"chart": "/terminal/e1433582-6f67-4aff-93fe-4bba099275e2/", "report": "/terminal/e1433582-6f67-4aff-93fe-4bba099275e2/report/", "factor": "/factors/ticker/e1433582-6f67-4aff-93fe-4bba099275e2/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}