NE NE
$43.42 · scored 21:07 · fresh
Decision brief
NEUTRAL · 54/100
What changed
No prior comparable read.
Evidence is stale — treat this read cautiously.
What would change the view
composite leaves the neutral band · confidence deteriorates materially from 54/100
For the read
No strong confirming evidence isolated.
Against / uncertainty
open interest leans against the read · signal stability is low
The read
Mildly bullish, moderately evidenced .
−100 bearish 0 bullish +100
+11.8 composite
Evidence
54 / 100 · top 42% today
45 contracts · quality 74 · stability 0.00
hasn’t paid −0.09% · n=8,758
What traded today · weight 62%
−1.4 pts
22 calls · 48.9% 23 puts
bias −2.2 × 0.62
What’s on the books · weight 38%
+13.2 pts
24,877 call OI · 67.3% 12,062 put OI
bias +34.7 × 0.38
Equals
+11.8
9% of the score comes from today’s volume, 91% from open interest. Disagree with either?
See the method.
— price ◆ big one-day moves
NO HISTORY YET
We started scoring NE today. There’s one reading so far. The 14-day chart fills in as the hourly tape arrives. Nothing here is back-filled or guessed.
03
Should you trust it? note Some evidence, not a lot confidence 54 (58th pct) · quality 74 · 45 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 0
against This kind of read hasn’t paid mildly bullish · balanced · low liquidity → −0.09% avg, n=8,758
note Too few of our calls checked 0 closed calls on NE
04
Where the positions sit calls traded strike puts traded
Spot $43.42 highlighted. The $45 strike holds the most open interest (the “wall”, 5,077). Near-dated expiry in the mix, so OI is noisier.
We haven’t checked a call on NE yet. Each read is checked 4 hours, 1 day and 3 days after it’s made.
06
Catalysts & context EPS surprise · last 4 quarters
No reported quarters stored yet.
Street — Next report —
P/E — Beta —
52w — IV rank —
NE
Mildly bullish, moderately evidenced .
−100 bearish 0 bullish +100
+11.8 evidence
hasn’t paid −0.09% · n=8,758
Why it’s +12
−1.4 volume · 49% calls+13.2 OI · 67% calls
1 days · tape bars, price line
Not enough tape history to draw this yet.
Should you trust it?
note Some evidence, not a lot confidence 54 (58th pct) · quality 74 · 45 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 0
against This kind of read hasn’t paid mildly bullish · balanced · low liquidity → −0.09% avg, n=8,758
note Too few of our calls checked 0 closed calls on NE
What traded today · 62%
−1.4 pts
22 calls · 23 puts · bias −2.2
What’s on the books · 38%
+13.2 pts
24,877 call OI · 12,062 put OI · bias +34.7
— price ◆ big one-day moves
Not enough tape history to draw this yet.
The read flips to bearish composite · crosses 0
Evidence drops below 60 conf · below
Price reaches the $45 wall price · above
3 days before earnings not yet · earnings
Score moves ≥10 in a day not yet · delta
Ask about NE
Not enough tape history on NE for a weekly brief yet. Ask anything below.
Why is our NE record what it is? What’s the $45 wall?