{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "NVO", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 40.73, "avg_conviction_label": "40.7", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "NVO", "leader_score": "41", "leader_direction": "bullish", "leader_direction_label": "Bullish", "leader_tone": "positive", "leader_read": "The strongest current read leans call-side, which is generally constructive if the chart also supports it."}, "charts": {"sectors": [{"ticker__sector": "Healthcare", "count": 1, "avg_score": "40.73", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "bullish", "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": "NVO", "name": "Novo Nordisk A/S", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Drug Manufacturers - General", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/drug-manufacturers-general/", "direction": "bullish", "direction_label": "Bullish", "tone": "positive", "conviction_score": 40.73, "options_pressure_score": 34.59, "trend_confirmation_score": 38.64, "speculation_score": 41.74, "volatility_score": 69.72, "edge_label": "Call-side pressure", "insight": "NVO shows bullish options pressure with a 41/100 conviction score, put-call volume ratio of 0.53, expected move of 6.8%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-02T09:11:06.827553+00:00", "snapshot": {"fetched_at": "2026-08-02T09:11:06.827553+00:00", "underlying_price": 47.08, "total_contracts": 910, "call_contracts": 455, "put_contracts": 455, "call_volume": 63758, "put_volume": 34104, "call_open_interest": 795011, "put_open_interest": 511142, "put_call_volume_ratio": 0.53489758, "put_call_open_interest_ratio": 0.64293702, "volume_open_interest_ratio": 0.07492384, "avg_implied_volatility": 0.60876625, "max_pain_strike": 50.0, "expected_move_percent": 6.77570093, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 47.08, "one_week_change": -3.465245027680951, "one_week_change_label": "-3.5%", "relative_strength": -9.493822, "fair_value_gap_label": "-41.5%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Bullish pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "6.8%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 80.8, "confidence_label": "81/100", "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 65% / P 35%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.07", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "39/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "5 Aug", "detail": "Matched earnings event is 3 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": "Bullish flow against weak price", "tone": "warning", "score": 33.5, "score_label": "33/100", "summary": "Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.", "metrics": [{"label": "Options pressure", "value": "+35"}, {"label": "1W price", "value": "-3.5%"}, {"label": "Call premium", "value": "65%"}, {"label": "Put premium", "value": "35%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 18008, "open_interest": 311373, "premium": 4443647.5, "premium_label": "$4.4M", "premium_share": 22.100691106727925, "weighted_strike": 69.20049422478898, "avg_iv": 0.41593254545454544, "max_voi": 2.79245283, "why": "calls cluster with 18008 contracts traded, $4.4M estimated gross traded notional, and 22% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 2627, "open_interest": 74546, "premium": 2771952.5, "premium_label": "$2.8M", "premium_share": 13.786436922600688, "weighted_strike": 40.355919299581274, "avg_iv": 0.3818838095238095, "max_voi": 1.03773585, "why": "calls cluster with 2627 contracts traded, $2.8M estimated gross traded notional, and 14% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 2917, "open_interest": 48002, "premium": 1614127.5, "premium_label": "$1.6M", "premium_share": 8.027939498885765, "weighted_strike": 43.42303736715804, "avg_iv": 0.399015, "max_voi": 1.00813008, "why": "calls cluster with 2917 contracts traded, $1.6M estimated gross traded notional, and 8% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 2740, "open_interest": 26536, "premium": 1425515.0, "premium_label": "$1.4M", "premium_share": 7.089866305328507, "weighted_strike": 50.04014598540146, "avg_iv": 0.4538933333333333, "max_voi": 0.45241837, "why": "puts cluster with 2740 contracts traded, $1.4M estimated gross traded notional, and 7% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 5273, "open_interest": 132010, "premium": 1054878.0, "premium_label": "$1.1M", "premium_share": 5.246485647946408, "weighted_strike": 38.30172577280486, "avg_iv": 0.432245625, "max_voi": 1.46666667, "why": "puts cluster with 5273 contracts traded, $1.1M estimated gross traded notional, and 5% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $20.1M of estimated gross traded notional, calls \u00b7 91+ days \u00b7 otm, and a bullish flow against weak 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/dec9b31b-80d3-4b59-9f61-3b8d5687d920/", "research_links": {"chart": "/terminal/dec9b31b-80d3-4b59-9f61-3b8d5687d920/", "report": "/terminal/dec9b31b-80d3-4b59-9f61-3b8d5687d920/report/", "factor": "/factors/ticker/dec9b31b-80d3-4b59-9f61-3b8d5687d920/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}