{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "XENE", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 39.32, "avg_conviction_label": "39.3", "bullish": 0, "bearish": 0, "volatility": 0, "mixed": 1, "leader": "XENE", "leader_score": "39", "leader_direction": "mixed", "leader_direction_label": "Mixed", "leader_tone": "neutral", "leader_read": "The strongest current read is mixed, so the options tape is not giving a clean direction yet."}, "charts": {"sectors": [{"ticker__sector": "Healthcare", "count": 1, "avg_score": "39.32", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "mixed", "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": "XENE", "name": "Xenon Pharmaceuticals Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Biotechnology", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/biotechnology/", "direction": "mixed", "direction_label": "Mixed", "tone": "neutral", "conviction_score": 39.32, "options_pressure_score": -13.81, "trend_confirmation_score": 82.9, "speculation_score": 20.87, "volatility_score": 73.74, "edge_label": "Options-market disagreement", "insight": "XENE shows mixed options pressure with a 39/100 conviction score, put-call volume ratio of 1.61, expected move of 10.9%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-30T12:21:25.150315+00:00", "snapshot": {"fetched_at": "2026-07-30T12:21:25.150315+00:00", "underlying_price": 65.42, "total_contracts": 364, "call_contracts": 182, "put_contracts": 182, "call_volume": 505, "put_volume": 813, "call_open_interest": 19336, "put_open_interest": 3936, "put_call_volume_ratio": 1.60990099, "put_call_open_interest_ratio": 0.20355813, "volume_open_interest_ratio": 0.05663458, "avg_implied_volatility": 0.48193875, "max_pain_strike": 67.5, "expected_move_percent": 10.92937939, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 65.42, "one_week_change": -4.160562554937005, "one_week_change_label": "-4.2%", "relative_strength": 28.427243, "fair_value_gap_label": "+57.8%", "trend_signal": "1"}, "premium_flags": [{"label": "Priced move", "value": "10.9%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "83", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 75.7, "confidence_label": "76/100", "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 25% / P 75%", "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": "83/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "10 Aug", "detail": "Matched earnings event is 10 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": "No clean flow/price divergence", "tone": "neutral", "score": 22.5, "score_label": "22/100", "summary": "The options read is mixed, so divergence is not strong enough to classify.", "metrics": [{"label": "Options pressure", "value": "-14"}, {"label": "1W price", "value": "-4.2%"}, {"label": "Call premium", "value": "25%"}, {"label": "Put premium", "value": "75%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 22-45 days \u00b7 OTM", "tone": "negative", "volume": 798, "open_interest": 2781, "premium": 65835.0, "premium_label": "$65835", "premium_share": 73.92913089616682, "weighted_strike": 57.5, "avg_iv": 0.5793235714285714, "max_voi": 0.3192, "why": "puts cluster with 798 contracts traded, $65835 estimated gross traded notional, and 74% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 OTM", "tone": "positive", "volume": 502, "open_interest": 8472, "premium": 22294.0, "premium_label": "$22294", "premium_share": 25.034951685260776, "weighted_strike": 87.96812749003983, "avg_iv": 0.5186354545454546, "max_voi": 2.44444444, "why": "calls cluster with 502 contracts traded, $22294 estimated gross traded notional, and 25% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 15, "open_interest": 656, "premium": 675.0, "premium_label": "$675", "premium_share": 0.757988355052975, "weighted_strike": 35.0, "avg_iv": 0.47870565217391303, "max_voi": 1.0, "why": "puts cluster with 15 contracts traded, $675 estimated gross traded notional, and 1% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 3, "open_interest": 9520, "premium": 247.5, "premium_label": "$248", "premium_share": 0.27792906351942415, "weighted_strike": 90.0, "avg_iv": 0.3976795238095238, "max_voi": 0.00032321, "why": "calls cluster with 3 contracts traded, $248 estimated gross traded notional, and 0% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $89052 of estimated gross traded notional, puts \u00b7 22-45 days \u00b7 otm, and a no clean flow/price divergence 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/d410570c-d520-402b-97a5-d25a88803071/", "research_links": {"chart": "/terminal/d410570c-d520-402b-97a5-d25a88803071/", "report": "/terminal/d410570c-d520-402b-97a5-d25a88803071/report/", "factor": "/factors/ticker/d410570c-d520-402b-97a5-d25a88803071/", "insider": "/insider-activity/company/xene/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}