{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "NTAP", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 43.83, "avg_conviction_label": "43.8", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "NTAP", "leader_score": "44", "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": "Technology", "count": 1, "avg_score": "43.83", "sector_label": "Technology", "industry_label": "", "sector_url": "/structure/us/technology/", "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": 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": "NTAP", "name": "NetApp Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Software - Infrastructure", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/software-infrastructure/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 43.83, "options_pressure_score": -37.9, "trend_confirmation_score": 57.75, "speculation_score": 23.66, "volatility_score": 76.9, "edge_label": "Put-side pressure", "insight": "NTAP shows bearish options pressure with a 44/100 conviction score, put-call volume ratio of 2.45, expected move of 10.7%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-30T15:53:48.596767+00:00", "snapshot": {"fetched_at": "2026-07-30T15:53:48.596767+00:00", "underlying_price": 167.74, "total_contracts": 404, "call_contracts": 232, "put_contracts": 172, "call_volume": 1298, "put_volume": 3184, "call_open_interest": 25164, "put_open_interest": 16391, "put_call_volume_ratio": 2.45300462, "put_call_open_interest_ratio": 0.65136703, "volume_open_interest_ratio": 0.10785706, "avg_implied_volatility": 0.52710434, "max_pain_strike": 165.0, "expected_move_percent": 10.70108501, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 167.74, "one_week_change": 2.355381986819624, "one_week_change_label": "+2.4%", "relative_strength": 30.793097, "fair_value_gap_label": "+58.4%", "trend_signal": "1"}, "premium_flags": [{"label": "Pin watch", "value": "+1.6%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Priced move", "value": "10.7%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 64.4, "confidence_label": "64/100", "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 71% / P 29%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.11", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "58/100", "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": 28.4, "score_label": "28/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-38"}, {"label": "1W price", "value": "+2.4%"}, {"label": "Call premium", "value": "71%"}, {"label": "Put premium", "value": "29%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 250, "open_interest": 3561, "premium": 1598785.0, "premium_label": "$1.6M", "premium_share": 36.69062090072326, "weighted_strike": 114.1, "avg_iv": 0.42453331347222223, "max_voi": 1.33333333, "why": "calls cluster with 250 contracts traded, $1.6M estimated gross traded notional, and 37% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 264, "open_interest": 2878, "premium": 434597.5, "premium_label": "$434598", "premium_share": 9.973606280332927, "weighted_strike": 221.00378787878788, "avg_iv": 0.5335075408888889, "max_voi": 1.33333333, "why": "calls cluster with 264 contracts traded, $434598 estimated gross traded notional, and 10% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 2446, "open_interest": 5417, "premium": 433890.0, "premium_label": "$433890", "premium_share": 9.957369816838922, "weighted_strike": 92.55110384300899, "avg_iv": 0.5851969074074074, "max_voi": 1.0, "why": "puts cluster with 2446 contracts traded, $433890 estimated gross traded notional, and 10% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 127, "open_interest": 265, "premium": 424217.0, "premium_label": "$424217", "premium_share": 9.735383511004995, "weighted_strike": 192.24409448818898, "avg_iv": 0.3313373041666667, "max_voi": 1.0, "why": "puts cluster with 127 contracts traded, $424217 estimated gross traded notional, and 10% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 131, "open_interest": 672, "premium": 371875.0, "premium_label": "$371875", "premium_share": 8.534183550293793, "weighted_strike": 145.95419847328245, "avg_iv": 0.7449485375, "max_voi": 0.86956522, "why": "calls cluster with 131 contracts traded, $371875 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: $4.4M of estimated gross traded notional, calls \u00b7 91+ 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/8728fc54-4caa-482a-816d-2605a143ae03/", "research_links": {"chart": "/terminal/8728fc54-4caa-482a-816d-2605a143ae03/", "report": "/terminal/8728fc54-4caa-482a-816d-2605a143ae03/report/", "factor": "/factors/ticker/8728fc54-4caa-482a-816d-2605a143ae03/", "insider": "/insider-activity/company/ntap/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}