{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "OGN", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 31.36, "avg_conviction_label": "31.4", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "OGN", "leader_score": "31", "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": "Healthcare", "count": 1, "avg_score": "31.36", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "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": 0, "url": "/options/conviction/40-59/", "bar_width": 0.0}, {"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": 1, "url": "/options/conviction/under-40/", "bar_width": 100.0}]}, "signals": [{"symbol": "OGN", "name": "Organon & Co", "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": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 31.36, "options_pressure_score": -25.21, "trend_confirmation_score": 66.15, "speculation_score": 0.12, "volatility_score": 35.45, "edge_label": "Put-side pressure", "insight": "OGN shows bearish options pressure with a 31/100 conviction score, put-call volume ratio of 1.67, expected move of 5.1%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-02T03:15:37.875137+00:00", "snapshot": {"fetched_at": "2026-08-02T03:15:37.875137+00:00", "underlying_price": 13.55, "total_contracts": 218, "call_contracts": 109, "put_contracts": 109, "call_volume": 6, "put_volume": 10, "call_open_interest": 59958, "put_open_interest": 61032, "put_call_volume_ratio": 1.66666667, "put_call_open_interest_ratio": 1.01791254, "volume_open_interest_ratio": 0.00013224, "avg_implied_volatility": 0.21365375, "max_pain_strike": 13.0, "expected_move_percent": 5.1247624, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 13.55, "one_week_change": 0.22189349112426035, "one_week_change_label": "+0.2%", "relative_strength": 29.773204, "fair_value_gap_label": "+1.1%", "trend_signal": "1"}, "premium_flags": [{"label": "Trend agreement", "value": "66", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 60.1, "confidence_label": "60/100", "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 62% / P 38%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.00", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "66/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "4 Aug", "detail": "Matched earnings event is 2 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": "Bearish flow before price confirmation", "tone": "negative", "score": 12.0, "score_label": "12/100", "summary": "Put-side pressure is present before a decisive weekly price breakdown.", "metrics": [{"label": "Options pressure", "value": "-25"}, {"label": "1W price", "value": "+0.2%"}, {"label": "Call premium", "value": "62%"}, {"label": "Put premium", "value": "38%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 3, "open_interest": 15971, "premium": 475.0, "premium_label": "$475", "premium_share": 48.46938775510204, "weighted_strike": 12.333333333333334, "avg_iv": 0.5590725, "max_voi": 0.01428571, "why": "calls cluster with 3 contracts traded, $475 estimated gross traded notional, and 48% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 10, "open_interest": 49644, "premium": 375.0, "premium_label": "$375", "premium_share": 38.265306122448976, "weighted_strike": 12.5, "avg_iv": 0.441695625, "max_voi": 0.01114827, "why": "puts cluster with 10 contracts traded, $375 estimated gross traded notional, and 38% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 1, "open_interest": 5491, "premium": 110.0, "premium_label": "$110", "premium_share": 11.224489795918368, "weighted_strike": 12.5, "avg_iv": 1.3580836363636364, "max_voi": 0.00273224, "why": "calls cluster with 1 contracts traded, $110 estimated gross traded notional, and 11% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 2, "open_interest": 15767, "premium": 20.0, "premium_label": "$20", "premium_share": 2.0408163265306123, "weighted_strike": 14.0, "avg_iv": 0.14089125, "max_voi": 0.00757576, "why": "calls cluster with 2 contracts traded, $20 estimated gross traded notional, and 2% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $980 of estimated gross traded notional, calls \u00b7 91+ days \u00b7 itm, and a bearish flow before price confirmation 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/afefb48b-96f0-4909-b412-f6b29c5f5652/", "research_links": {"chart": "/terminal/afefb48b-96f0-4909-b412-f6b29c5f5652/", "report": "/terminal/afefb48b-96f0-4909-b412-f6b29c5f5652/report/", "factor": "/factors/ticker/afefb48b-96f0-4909-b412-f6b29c5f5652/", "insider": "/insider-activity/company/ogn/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}