{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "ARX", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 47.89, "avg_conviction_label": "47.9", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "ARX", "leader_score": "48", "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": "Financial Services", "count": 1, "avg_score": "47.89", "sector_label": "Financial Services", "industry_label": "", "sector_url": "/structure/us/financial-services/", "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": 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": 1, "url": "/options/conviction/40-59/", "bar_width": 100.0}, {"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": "ARX", "name": "Accelerant Holdings", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Financial Services", "industry": "Insurance Brokers", "sector_url": "https://sharemaestro.com/structure/us/financial-services/", "industry_url": "https://sharemaestro.com/structure/us/financial-services/insurance-brokers/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 47.89, "options_pressure_score": 20.73, "trend_confirmation_score": 76.8, "speculation_score": 43.7, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "ARX shows volatility options pressure with a 48/100 conviction score, put-call volume ratio of 0.81, expected move of 21.1%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-30T19:51:02.866906+00:00", "snapshot": {"fetched_at": "2026-07-30T19:51:02.866906+00:00", "underlying_price": 14.23, "total_contracts": 53, "call_contracts": 30, "put_contracts": 23, "call_volume": 245, "put_volume": 199, "call_open_interest": 2449, "put_open_interest": 332, "put_call_volume_ratio": 0.8122449, "put_call_open_interest_ratio": 0.13556554, "volume_open_interest_ratio": 0.1596548, "avg_implied_volatility": 1.3337438, "max_pain_strike": 12.5, "expected_move_percent": 21.08222066, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 14.23, "one_week_change": 5.2514792899408285, "one_week_change_label": "+5.3%", "relative_strength": -13.25429, "fair_value_gap_label": "-7.2%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "21.1%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "77", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "volatility-expansion-bet", "label": "Volatility expansion bet", "tone": "warning", "confidence": 92, "confidence_label": "92/100", "summary": "The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.", "evidence": [{"label": "Notional split", "value": "C 62% / P 38%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.16", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "77/100", "detail": "Agreement between options pressure and Sharemaestro market context."}], "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": 32.9, "score_label": "33/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+21"}, {"label": "1W price", "value": "+5.3%"}, {"label": "Call premium", "value": "62%"}, {"label": "Put premium", "value": "38%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 72, "open_interest": 143, "premium": 43575.0, "premium_label": "$43575", "premium_share": 33.850575828785615, "weighted_strike": 6.597222222222222, "avg_iv": 4.151955296, "max_voi": 2.41176471, "why": "calls cluster with 72 contracts traded, $43575 estimated gross traded notional, and 34% of visible notional."}, {"label": "Puts \u00b7 22-45 days \u00b7 ITM", "tone": "negative", "volume": 30, "open_interest": 26, "premium": 33620.0, "premium_label": "$33620", "premium_share": 26.117185527567923, "weighted_strike": 22.666666666666668, "avg_iv": 1.7041061016666668, "max_voi": 4.0, "why": "puts cluster with 30 contracts traded, $33620 estimated gross traded notional, and 26% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 40, "open_interest": 405, "premium": 24227.5, "premium_label": "$24228", "premium_share": 18.82076479384747, "weighted_strike": 8.9375, "avg_iv": 1.3862341466666666, "max_voi": 2.0, "why": "calls cluster with 40 contracts traded, $24228 estimated gross traded notional, and 19% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 103, "open_interest": 1133, "premium": 10610.0, "premium_label": "$10610", "premium_share": 8.242217086481133, "weighted_strike": 18.325242718446603, "avg_iv": 0.8262359825, "max_voi": 0.82089552, "why": "calls cluster with 103 contracts traded, $10610 estimated gross traded notional, and 8% of visible notional."}, {"label": "Puts \u00b7 22-45 days \u00b7 OTM", "tone": "negative", "volume": 94, "open_interest": 150, "premium": 9340.0, "premium_label": "$9340", "premium_share": 7.2556369074207145, "weighted_strike": 10.47872340425532, "avg_iv": 3.985939152, "max_voi": 7.75, "why": "puts cluster with 94 contracts traded, $9340 estimated gross traded notional, and 7% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $128728 of estimated gross traded notional, calls \u00b7 22-45 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/b236d418-3e16-4d81-adcd-cdf85d2274bd/", "research_links": {"chart": "/terminal/b236d418-3e16-4d81-adcd-cdf85d2274bd/", "report": "/terminal/b236d418-3e16-4d81-adcd-cdf85d2274bd/report/", "factor": "/factors/ticker/b236d418-3e16-4d81-adcd-cdf85d2274bd/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}