{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "BCRX", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 51.87, "avg_conviction_label": "51.9", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "BCRX", "leader_score": "52", "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": "51.87", "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": 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": "BCRX", "name": "BioCryst Pharmaceuticals Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Drug Manufacturers - Specialty & Generic", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/drug-manufacturers-specialty-generic/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 51.87, "options_pressure_score": 63.72, "trend_confirmation_score": 27.21, "speculation_score": 40.43, "volatility_score": 91.32, "edge_label": "Volatility expansion watch", "insight": "BCRX shows volatility options pressure with a 52/100 conviction score, put-call volume ratio of 0.30, expected move of 15.0%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-01T20:10:59.342131+00:00", "snapshot": {"fetched_at": "2026-08-01T20:10:59.342131+00:00", "underlying_price": 8.98, "total_contracts": 212, "call_contracts": 106, "put_contracts": 106, "call_volume": 1290, "put_volume": 386, "call_open_interest": 76926, "put_open_interest": 14190, "put_call_volume_ratio": 0.29922481, "put_call_open_interest_ratio": 0.18446299, "volume_open_interest_ratio": 0.01839413, "avg_implied_volatility": 0.7331525, "max_pain_strike": 9.0, "expected_move_percent": 15.03340757, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 8.98, "one_week_change": -3.854389721627409, "one_week_change_label": "-3.9%", "relative_strength": 0.946807, "fair_value_gap_label": "+20.0%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "-0.2%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Priced move", "value": "15.0%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 85.2, "confidence_label": "85/100", "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 83% / P 17%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.02", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "27/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "3 Aug", "detail": "Matched earnings event is 2 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": 47.5, "score_label": "48/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+64"}, {"label": "1W price", "value": "-3.9%"}, {"label": "Call premium", "value": "83%"}, {"label": "Put premium", "value": "17%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 820, "open_interest": 6680, "premium": 162400.0, "premium_label": "$162400", "premium_share": 68.27459504000201, "weighted_strike": 7.975609756097561, "avg_iv": 1.0037046428571428, "max_voi": 85.71428571, "why": "calls cluster with 820 contracts traded, $162400 estimated gross traded notional, and 68% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 200, "open_interest": 954, "premium": 28000.0, "premium_label": "$28000", "premium_share": 11.771481903448624, "weighted_strike": 10.0, "avg_iv": 0.22517222222222222, "max_voi": 0.23255814, "why": "puts cluster with 200 contracts traded, $28000 estimated gross traded notional, and 12% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 112, "open_interest": 20663, "premium": 12070.5, "premium_label": "$12070", "premium_share": 5.074559725556307, "weighted_strike": 11.866071428571429, "avg_iv": 0.5301869230769231, "max_voi": 0.09090909, "why": "calls cluster with 112 contracts traded, $12070 estimated gross traded notional, and 5% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ATM", "tone": "positive", "volume": 98, "open_interest": 2928, "premium": 7350.0, "premium_label": "$7350", "premium_share": 3.090013999655264, "weighted_strike": 9.0, "avg_iv": 0.87339, "max_voi": 0.03346995, "why": "calls cluster with 98 contracts traded, $7350 estimated gross traded notional, and 3% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ATM", "tone": "negative", "volume": 118, "open_interest": 5728, "premium": 7080.0, "premium_label": "$7080", "premium_share": 2.9765032813005807, "weighted_strike": 9.0, "avg_iv": 0.69779, "max_voi": 0.02060056, "why": "puts cluster with 118 contracts traded, $7080 estimated gross traded notional, and 3% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $237863 of estimated gross traded notional, calls \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/8c6e737f-5983-456d-8998-ea370b378370/", "research_links": {"chart": "/terminal/8c6e737f-5983-456d-8998-ea370b378370/", "report": "/terminal/8c6e737f-5983-456d-8998-ea370b378370/report/", "factor": "/factors/ticker/8c6e737f-5983-456d-8998-ea370b378370/", "insider": "/insider-activity/company/bcrx/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}