{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "BDN", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 47.6, "avg_conviction_label": "47.6", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "BDN", "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": "Real Estate", "count": 1, "avg_score": "47.60", "sector_label": "Real Estate", "industry_label": "", "sector_url": "/structure/us/real-estate/", "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": "BDN", "name": "Brandywine Realty Trust", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Real Estate", "industry": "Reit - Office", "sector_url": "https://sharemaestro.com/structure/us/real-estate/", "industry_url": "https://sharemaestro.com/structure/us/real-estate/reit-office/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 47.6, "options_pressure_score": -60.4, "trend_confirmation_score": 41.74, "speculation_score": 8.1, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "BDN shows volatility options pressure with a 48/100 conviction score, put-call volume ratio of 3.67, expected move of 21.9%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-02T22:44:30.570141+00:00", "snapshot": {"fetched_at": "2026-08-02T22:44:30.570141+00:00", "underlying_price": 3.04, "total_contracts": 52, "call_contracts": 26, "put_contracts": 26, "call_volume": 6, "put_volume": 22, "call_open_interest": 2877, "put_open_interest": 3658, "put_call_volume_ratio": 3.66666667, "put_call_open_interest_ratio": 1.27146333, "volume_open_interest_ratio": 0.00428462, "avg_implied_volatility": 0.9124175, "max_pain_strike": 3.0, "expected_move_percent": 21.88551756, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 3.04, "one_week_change": -4.100946372239748, "one_week_change_label": "-4.1%", "relative_strength": -12.541228, "fair_value_gap_label": "-15.8%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+1.3%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Priced move", "value": "21.9%", "detail": "Options are pricing a wider near-term move."}], "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 13% / P 87%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.00", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "42/100", "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": 40.9, "score_label": "41/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "-60"}, {"label": "1W price", "value": "-4.1%"}, {"label": "Call premium", "value": "13%"}, {"label": "Put premium", "value": "87%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 46-90 days \u00b7 ATM", "tone": "negative", "volume": 14, "open_interest": 1209, "premium": 275.0, "premium_label": "$275", "premium_share": 43.85964912280702, "weighted_strike": 3.0, "avg_iv": 0.239265, "max_voi": 0.1, "why": "puts cluster with 14 contracts traded, $275 estimated gross traded notional, and 44% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 3, "open_interest": 1424, "premium": 112.5, "premium_label": "$112", "premium_share": 17.942583732057415, "weighted_strike": 3.0, "avg_iv": 0.52218, "max_voi": 0.00210674, "why": "puts cluster with 3 contracts traded, $112 estimated gross traded notional, and 18% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 1, "open_interest": 2, "premium": 110.0, "premium_label": "$110", "premium_share": 17.54385964912281, "weighted_strike": 4.0, "avg_iv": 1.5400466666666666, "max_voi": 1.0, "why": "puts cluster with 1 contracts traded, $110 estimated gross traded notional, and 18% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 3, "open_interest": 0, "premium": 45.0, "premium_label": "$45", "premium_share": 7.177033492822966, "weighted_strike": 2.0, "avg_iv": 0.614865, "max_voi": 0.0, "why": "puts cluster with 3 contracts traded, $45 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ATM", "tone": "positive", "volume": 1, "open_interest": 122, "premium": 42.0, "premium_label": "$42", "premium_share": 6.698564593301436, "weighted_strike": 3.0, "avg_iv": 0.01488, "max_voi": 0.00819672, "why": "calls cluster with 1 contracts traded, $42 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: $627 of estimated gross traded notional, puts \u00b7 46-90 days \u00b7 atm, 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/4d1b383e-773a-4c1c-83c9-19a9053948c4/", "research_links": {"chart": "/terminal/4d1b383e-773a-4c1c-83c9-19a9053948c4/", "report": "/terminal/4d1b383e-773a-4c1c-83c9-19a9053948c4/report/", "factor": "/factors/ticker/4d1b383e-773a-4c1c-83c9-19a9053948c4/", "insider": "/insider-activity/company/bdn/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}