{"latest_run": "2026-08-06T18:30:29.280077+00:00", "coverage_count": 6093, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "NWG", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 40.57, "avg_conviction_label": "40.6", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "NWG", "leader_score": "41", "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": "Financial Services", "count": 1, "avg_score": "40.57", "sector_label": "Financial Services", "industry_label": "", "sector_url": "/structure/us/financial-services/", "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": "NWG", "name": "Natwest Group PLC", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Financial Services", "industry": "Banks - Regional", "sector_url": "https://sharemaestro.com/structure/us/financial-services/", "industry_url": "https://sharemaestro.com/structure/us/financial-services/banks-regional/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 40.57, "options_pressure_score": -20.54, "trend_confirmation_score": 83.77, "speculation_score": 17.29, "volatility_score": 63.57, "edge_label": "Put-side pressure", "insight": "NWG shows bearish options pressure with a 41/100 conviction score, put-call volume ratio of 1.81, expected move of 6.7%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-06T07:55:16.355340+00:00", "snapshot": {"fetched_at": "2026-08-06T07:55:16.355340+00:00", "underlying_price": 18.94, "total_contracts": 90, "call_contracts": 45, "put_contracts": 45, "call_volume": 83, "put_volume": 150, "call_open_interest": 3187, "put_open_interest": 1005, "put_call_volume_ratio": 1.80722892, "put_call_open_interest_ratio": 0.31534358, "volume_open_interest_ratio": 0.05558206, "avg_implied_volatility": 0.5234, "max_pain_strike": 17.5, "expected_move_percent": 6.73178458, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 18.94, "one_week_change": 5.397885364496383, "one_week_change_label": "+5.4%", "relative_strength": 11.539986, "fair_value_gap_label": "+79.1%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bearish pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "6.7%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "84", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 54.2, "confidence_label": "54/100", "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 89% / P 11%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.06", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "84/100", "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": 28.5, "score_label": "29/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-21"}, {"label": "1W price", "value": "+5.4%"}, {"label": "Call premium", "value": "89%"}, {"label": "Put premium", "value": "11%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 22, "open_interest": 2124, "premium": 5005.0, "premium_label": "$5,005", "premium_share": 41.54388877360448, "weighted_strike": 17.5, "avg_iv": 0.8057985714285715, "max_voi": 0.03333333, "why": "calls cluster with 22 contracts traded, $5,005 estimated gross traded notional, and 42% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 25, "open_interest": 531, "premium": 4375.0, "premium_label": "$4,375", "premium_share": 36.31458808881511, "weighted_strike": 17.5, "avg_iv": 0.11104428571428572, "max_voi": 0.06393862, "why": "calls cluster with 25 contracts traded, $4,375 estimated gross traded notional, and 36% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 OTM", "tone": "positive", "volume": 30, "open_interest": 56, "premium": 975.0, "premium_label": "$975", "premium_share": 8.092965345507366, "weighted_strike": 20.0, "avg_iv": 0.391456, "max_voi": 0.53571429, "why": "calls cluster with 30 contracts traded, $975 estimated gross traded notional, and 8% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 OTM", "tone": "negative", "volume": 147, "open_interest": 607, "premium": 970.0, "premium_label": "$970", "premium_share": 8.05146295912015, "weighted_strike": 15.799319727891156, "avg_iv": 1.631562857142857, "max_voi": 0.34965035, "why": "puts cluster with 147 contracts traded, $970 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 6, "open_interest": 162, "premium": 425.0, "premium_label": "$425", "premium_share": 3.5277028429134676, "weighted_strike": 22.083333333333332, "avg_iv": 0.2746275, "max_voi": 0.00952381, "why": "calls cluster with 6 contracts traded, $425 estimated gross traded notional, and 4% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $12,048 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/7d5f66cb-c15f-4f82-babb-16520bec91ac/", "research_links": {"chart": "/terminal/7d5f66cb-c15f-4f82-babb-16520bec91ac/", "report": "/terminal/7d5f66cb-c15f-4f82-babb-16520bec91ac/report/", "factor": "/factors/ticker/7d5f66cb-c15f-4f82-babb-16520bec91ac/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}