{
  "id": 9785998,
  "title": "Natera options flow shows 12.6:1 put/call ratio near 52-week high",
  "url": "https://urgent.news/2026/09/25/natera-options-flow-shows-12-6-1-put-call-ratio-near-52-week-high",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T15:50:00.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/natera-options-flow-shows-1261-putcall-ratio-near-52week-high-93CH-4917839"
  },
  "original_language": "en",
  "account": "The options flow data for Natera Inc (NTRA) reveals a notable bearish sentiment despite the stock printing near its 52-week high of $415.75 as of September 25. The put/call ratio stands at a staggering 12.6:1, with 2,934 puts compared to just 233 calls. The three dominant strike prices – $400, $360, and $320 – account for 2,843 of the total 3,167 contracts, suggesting recent opening positions rather than closed or rolled positions. This steep put/call ratio indicates that bears are significantly outnumbering bulls in their directional bets. While NTRA has experienced a substantial 6-month rise of 109% and a year-to-date increase of 152%, this does not deter a long-term holder from buying puts as portfolio insurance. The $400 put strike, with effectively zero open interest, is a fresh speculative wager that the stock may pull back below $400 within 56 days. Given the stock's current price of $413.19, a move as small as 3.2% would make this in-the-money. The inversion in options flow compared to June, when bullish call activity dominated, suggests a shift in market sentiment. The true intent behind this flow remains ambiguous without more information, but it could represent hedging, cautious speculation, or a structured trade like a collar or spread.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}