{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "BHC", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 48.28, "avg_conviction_label": "48.3", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "BHC", "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": "Healthcare", "count": 1, "avg_score": "48.28", "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": "BHC", "name": "Bausch Health Companies Inc", "exchange": "NYSE", "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": 48.28, "options_pressure_score": 64.3, "trend_confirmation_score": 14.9, "speculation_score": 43.98, "volatility_score": 77.28, "edge_label": "Volatility expansion watch", "insight": "BHC shows volatility options pressure with a 48/100 conviction score, put-call volume ratio of 0.17, expected move of 8.0%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-01T23:22:10.413232+00:00", "snapshot": {"fetched_at": "2026-08-01T23:22:10.413232+00:00", "underlying_price": 6.89, "total_contracts": 272, "call_contracts": 136, "put_contracts": 136, "call_volume": 24444, "put_volume": 4116, "call_open_interest": 64746, "put_open_interest": 101867, "put_call_volume_ratio": 0.16838488, "put_call_open_interest_ratio": 1.57333272, "volume_open_interest_ratio": 0.1714152, "avg_implied_volatility": 0.64778875, "max_pain_strike": 1.0, "expected_move_percent": 7.98258345, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 6.89, "one_week_change": 55.53047404063206, "one_week_change_label": "+55.5%", "relative_strength": 3.769396, "fair_value_gap_label": "-0.1%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "8.0%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend conflict", "value": "15", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "volatility-expansion-bet", "label": "Volatility expansion bet", "tone": "warning", "confidence": 88.2, "confidence_label": "88/100", "summary": "The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.", "evidence": [{"label": "Notional split", "value": "C 91% / P 9%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.17", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "15/100", "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": 100, "score_label": "100/100", "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": "+55.5%"}, {"label": "Call premium", "value": "91%"}, {"label": "Put premium", "value": "9%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 16802, "open_interest": 15718, "premium": 1686865.0, "premium_label": "$1.7M", "premium_share": 69.97638159967526, "weighted_strike": 5.994494703011546, "avg_iv": 0.2277340909090909, "max_voi": 2.85714286, "why": "calls cluster with 16802 contracts traded, $1.7M estimated gross traded notional, and 70% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 1531, "open_interest": 6816, "premium": 192257.5, "premium_label": "$192258", "premium_share": 7.975436199932756, "weighted_strike": 5.89157413455258, "avg_iv": 0.11812916666666666, "max_voi": 0.36942675, "why": "calls cluster with 1531 contracts traded, $192258 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ATM", "tone": "positive", "volume": 2241, "open_interest": 2389, "premium": 118787.5, "premium_label": "$118788", "premium_share": 4.927673186219067, "weighted_strike": 7.0, "avg_iv": 0.522185, "max_voi": 2.49926579, "why": "calls cluster with 2241 contracts traded, $118788 estimated gross traded notional, and 5% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 1018, "open_interest": 2404, "premium": 109065.0, "premium_label": "$109065", "premium_share": 4.524353791897148, "weighted_strike": 7.0, "avg_iv": 0.41243, "max_voi": 33.33333333, "why": "puts cluster with 1018 contracts traded, $109065 estimated gross traded notional, and 5% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ATM", "tone": "negative", "volume": 1645, "open_interest": 113, "premium": 65800.0, "premium_label": "$65800", "premium_share": 2.729587672551528, "weighted_strike": 7.0, "avg_iv": 0.71242, "max_voi": 0.0, "why": "puts cluster with 1645 contracts traded, $65800 estimated gross traded notional, and 3% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $2.4M of estimated gross traded notional, calls \u00b7 8-21 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/07697fe2-0c91-44d9-88bb-4e1bf3b30e30/", "research_links": {"chart": "/terminal/07697fe2-0c91-44d9-88bb-4e1bf3b30e30/", "report": "/terminal/07697fe2-0c91-44d9-88bb-4e1bf3b30e30/report/", "factor": "/factors/ticker/07697fe2-0c91-44d9-88bb-4e1bf3b30e30/", "insider": "/insider-activity/company/bhc/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}