{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "ZVRA", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 64.25, "avg_conviction_label": "64.2", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "ZVRA", "leader_score": "64", "leader_direction": "volatility", "leader_direction_label": "Volatility", "leader_tone": "warning", "leader_read": "The strongest current read is about a larger expected move, not a clean up-or-down direction."}, "charts": {"sectors": [{"ticker__sector": "Healthcare", "count": 1, "avg_score": "64.25", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "volatility", "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": 1, "url": "/options/conviction/60-79/", "bar_width": 100.0}, {"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": 0, "url": "/options/conviction/under-40/", "bar_width": 0.0}]}, "signals": [{"symbol": "ZVRA", "name": "Zevra Therapeutics 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": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 64.25, "options_pressure_score": -98.37, "trend_confirmation_score": 16.29, "speculation_score": 41.36, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "ZVRA shows volatility options pressure with a 64/100 conviction score, put-call volume ratio of 18.83, expected move of 16.5%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-31T02:41:40.581198+00:00", "snapshot": {"fetched_at": "2026-07-31T02:41:40.581198+00:00", "underlying_price": 9.525, "total_contracts": 314, "call_contracts": 157, "put_contracts": 157, "call_volume": 150, "put_volume": 2824, "call_open_interest": 18696, "put_open_interest": 31879, "put_call_volume_ratio": 18.82666667, "put_call_open_interest_ratio": 1.70512409, "volume_open_interest_ratio": 0.05880376, "avg_implied_volatility": 0.85632, "max_pain_strike": 12.0, "expected_move_percent": 16.53543307, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 9.525, "one_week_change": -25.411119812059514, "one_week_change_label": "-25.4%", "relative_strength": -11.473284, "fair_value_gap_label": "+22.0%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "16.5%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend conflict", "value": "16", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 87.7, "confidence_label": "88/100", "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 4% / P 96%", "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": "16/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "5 Aug", "detail": "Matched earnings event is 5 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": "Volatility flow versus price", "tone": "warning", "score": 100, "score_label": "100/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "-98"}, {"label": "1W price", "value": "-25.4%"}, {"label": "Call premium", "value": "4%"}, {"label": "Put premium", "value": "96%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 2643, "open_interest": 2273, "premium": 1629620.0, "premium_label": "$1.6M", "premium_share": 93.65780206296364, "weighted_strike": 14.858115777525539, "avg_iv": 0.7632173333333333, "max_voi": 82.66666667, "why": "puts cluster with 2643 contracts traded, $1.6M estimated gross traded notional, and 94% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 121, "open_interest": 148, "premium": 59020.0, "premium_label": "$59020", "premium_share": 3.3920076323045336, "weighted_strike": 5.537190082644628, "avg_iv": 2.5568222222222223, "max_voi": 0.0, "why": "calls cluster with 121 contracts traded, $59020 estimated gross traded notional, and 3% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 175, "open_interest": 1710, "premium": 42647.5, "premium_label": "$42648", "premium_share": 2.451044484898468, "weighted_strike": 11.851428571428572, "avg_iv": 0.27882944444444446, "max_voi": 1.02439024, "why": "puts cluster with 175 contracts traded, $42648 estimated gross traded notional, and 2% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 26, "open_interest": 15546, "premium": 8152.5, "premium_label": "$8152", "premium_share": 0.46854188787466466, "weighted_strike": 10.192307692307692, "avg_iv": 0.44998866666666665, "max_voi": 0.17699115, "why": "calls cluster with 26 contracts traded, $8152 estimated gross traded notional, and 0% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 2, "open_interest": 55, "premium": 295.0, "premium_label": "$295", "premium_share": 0.01695429094425343, "weighted_strike": 9.0, "avg_iv": 0.95144, "max_voi": 0.03636364, "why": "calls cluster with 2 contracts traded, $295 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: $1.7M of estimated gross traded notional, puts \u00b7 91+ days \u00b7 itm, and a volatility flow versus 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/7f2a59b3-61e1-4395-90a3-19d622b51fe0/", "research_links": {"chart": "/terminal/7f2a59b3-61e1-4395-90a3-19d622b51fe0/", "report": "/terminal/7f2a59b3-61e1-4395-90a3-19d622b51fe0/report/", "factor": "/factors/ticker/7f2a59b3-61e1-4395-90a3-19d622b51fe0/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}