{"latest_run": "2026-07-31T15:10:19.396751+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "NRT", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 50.4, "avg_conviction_label": "50.4", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "NRT", "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": "50.40", "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": "NRT", "name": "North European Oil Royalty Trust", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Energy", "industry": "Oil & Gas E&P", "sector_url": "https://sharemaestro.com/structure/us/energy/", "industry_url": "https://sharemaestro.com/structure/us/energy/oil-gas-ep/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 50.4, "options_pressure_score": 92.82, "trend_confirmation_score": 0.0, "speculation_score": 8.26, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "NRT shows volatility options pressure with a 50/100 conviction score, put-call volume ratio of 0.10, expected move of 25.0%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-07-31T14:39:04.487881+00:00", "snapshot": {"fetched_at": "2026-07-31T14:39:04.487881+00:00", "underlying_price": 8.89, "total_contracts": 16, "call_contracts": 12, "put_contracts": 4, "call_volume": 59, "put_volume": 6, "call_open_interest": 436, "put_open_interest": 26, "put_call_volume_ratio": 0.10169492, "put_call_open_interest_ratio": 0.05963303, "volume_open_interest_ratio": 0.14069264, "avg_implied_volatility": 1.1588574, "max_pain_strike": 7.5, "expected_move_percent": 25.02812148, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 8.89, "one_week_change": 15.00646830530401, "one_week_change_label": "+15.0%", "relative_strength": 20.536417, "fair_value_gap_label": "+59.6%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "25.0%", "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": "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 93% / P 7%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.14", "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."}], "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": 88.3, "score_label": "88/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+93"}, {"label": "1W price", "value": "+15.0%"}, {"label": "Call premium", "value": "93%"}, {"label": "Put premium", "value": "7%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 9, "open_interest": 15, "premium": 3347.5, "premium_label": "$3348", "premium_share": 61.9850013887603, "weighted_strike": 4.444444444444445, "avg_iv": 0.72917211, "max_voi": 0.06666667, "why": "calls cluster with 9 contracts traded, $3348 estimated gross traded notional, and 62% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 11, "open_interest": 104, "premium": 445.0, "premium_label": "$445", "premium_share": 8.2399777798352, "weighted_strike": 10.454545454545455, "avg_iv": 0.7607465866666666, "max_voi": 0.13333333, "why": "calls cluster with 11 contracts traded, $445 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 2, "open_interest": 8, "premium": 430.0, "premium_label": "$430", "premium_share": 7.962225719840755, "weighted_strike": 7.5, "avg_iv": 0.67871415, "max_voi": 0.25, "why": "calls cluster with 2 contracts traded, $430 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 2, "open_interest": 6, "premium": 385.0, "premium_label": "$385", "premium_share": 7.128969539857421, "weighted_strike": 7.5, "avg_iv": 1.40234674, "max_voi": 0.33333333, "why": "calls cluster with 2 contracts traded, $385 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 15, "open_interest": 271, "premium": 298.0, "premium_label": "$298", "premium_share": 5.518007591889639, "weighted_strike": 11.166666666666666, "avg_iv": 0.5306036533333334, "max_voi": 0.05325444, "why": "calls cluster with 15 contracts traded, $298 estimated gross traded notional, and 6% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $5400 of estimated gross traded notional, calls \u00b7 46-90 days \u00b7 itm, 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/5b828342-e854-4fa3-8d8b-5b24217c1cbd/", "research_links": {"chart": "/terminal/5b828342-e854-4fa3-8d8b-5b24217c1cbd/", "report": "/terminal/5b828342-e854-4fa3-8d8b-5b24217c1cbd/report/", "factor": "/factors/ticker/5b828342-e854-4fa3-8d8b-5b24217c1cbd/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}