NEXT NEXT
$6.80 · scored 08:29 · fresh
Decision brief
BEARISH · 52/100
What changed
No prior comparable read.
Evidence is current.
What would change the view
composite rises above -15 · confidence deteriorates materially from 52/100
For the read
open interest agrees with the read
Against / uncertainty
signal stability is low
The read
Strongly bearish, moderately evidenced .
−100 bearish 0 bullish +100
−30.6 composite
Evidence
52 / 100 · top 49% today
1,574 contracts · quality 72 · stability 0.00
has paid −2.63% · n=1,958
What traded today · weight 62%
+6.4 pts
868 calls · 55.1% 706 puts
bias +10.3 × 0.62
What’s on the books · weight 38%
−37.0 pts
43 call OI · 1.3% 3,197 put OI
bias −97.3 × 0.38
Equals
−30.6
15% of the score comes from today’s volume, 85% from open interest. Disagree with either?
See the method.
— price ◆ big one-day moves
NO HISTORY YET
We started scoring NEXT 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 52 (51th pct) · quality 72 · 1,574 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 61
pass This kind of read has paid strongly bearish · balanced · low liquidity → −2.63% avg, n=1,958
note Too few of our calls checked 0 closed calls on NEXT
04
Where the positions sit calls traded strike puts traded
Spot $6.80 highlighted. The $9 strike holds the most open interest (the “wall”, 1,812). Near-dated expiry in the mix, so OI is noisier.
05 Our record on NEXT Proof We haven’t checked a call on NEXT 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 —
NEXT
Strongly bearish, moderately evidenced .
−100 bearish 0 bullish +100
−30.6 evidence
has paid −2.63% · n=1,958
Why it’s −31
+6.4 volume · 55% calls−37.0 OI · 1% 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 52 (51th pct) · quality 72 · 1,574 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 61
note Too few of our calls checked 0 closed calls on NEXT
What traded today · 62%
+6.4 pts
868 calls · 706 puts · bias +10.3
What’s on the books · 38%
−37.0 pts
43 call OI · 3,197 put OI · bias −97.3
— price ◆ big one-day moves
Not enough tape history to draw this yet.
The read flips to bullish composite · crosses 0
Evidence drops below 60 conf · below
Price reaches the $9 wall price · above
3 days before earnings not yet · earnings
Score moves ≥10 in a day not yet · delta
Ask about NEXT
Not enough tape history on NEXT for a weekly brief yet. Ask anything below.
Why is our NEXT record what it is? What’s the $9 wall?