{"latest_run": "2026-08-03T20:50:00.024052+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "BITI", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 51.82, "avg_conviction_label": "51.8", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "BITI", "leader_score": "52", "leader_direction": "bullish", "leader_direction_label": "Bullish", "leader_tone": "positive", "leader_read": "The strongest current read leans call-side, which is generally constructive if the chart also supports it."}, "charts": {"sectors": [], "directions": [{"direction": "bullish", "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": "BITI", "name": "PROSHARES SHORT BITCOIN ETF", "exchange": "NYSEARCA", "country": "US", "currency": "USD", "sector": "", "industry": "", "sector_url": "", "industry_url": "", "direction": "bullish", "direction_label": "Bullish", "tone": "positive", "conviction_score": 51.82, "options_pressure_score": 43.89, "trend_confirmation_score": 63.74, "speculation_score": 44.09, "volatility_score": 71.15, "edge_label": "Call-side pressure", "insight": "BITI shows bullish options pressure with a 52/100 conviction score, put-call volume ratio of 0.46, expected move of 8.7%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-03T20:28:07.009787+00:00", "snapshot": {"fetched_at": "2026-08-03T20:28:07.009787+00:00", "underlying_price": 25.63, "total_contracts": 199, "call_contracts": 104, "put_contracts": 95, "call_volume": 1683, "put_volume": 782, "call_open_interest": 10074, "put_open_interest": 3911, "put_call_volume_ratio": 0.46464646, "put_call_open_interest_ratio": 0.38822712, "volume_open_interest_ratio": 0.17626028, "avg_implied_volatility": 0.5203295, "max_pain_strike": 25.0, "expected_move_percent": 8.68123293, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 25.63, "one_week_change": 1.949085123309467, "one_week_change_label": "+1.9%", "relative_strength": 9.174163, "fair_value_gap_label": "-23.5%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "5x", "detail": "Bullish pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+2.5%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Priced move", "value": "8.7%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 76.8, "confidence_label": "77/100", "summary": "Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.", "evidence": [{"label": "Notional split", "value": "C 30% / P 70%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.18", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "64/100", "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": "Bullish flow confirms price", "tone": "positive", "score": 33.5, "score_label": "34/100", "summary": "Options pressure and weekly price action are pointing in the same constructive direction.", "metrics": [{"label": "Options pressure", "value": "+44"}, {"label": "1W price", "value": "+1.9%"}, {"label": "Call premium", "value": "30%"}, {"label": "Put premium", "value": "70%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 454, "open_interest": 1514, "premium": 1069560.0, "premium_label": "$1.1M", "premium_share": 63.67139189641701, "weighted_strike": 42.44933920704846, "avg_iv": 1.2949689967857143, "max_voi": 1.5, "why": "puts cluster with 454 contracts traded, $1.1M estimated gross traded notional, and 64% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 319, "open_interest": 25, "premium": 247705.0, "premium_label": "$247,705", "premium_share": 14.7459909960189, "weighted_strike": 16.460815047021942, "avg_iv": 0.7795101842857143, "max_voi": 1.0, "why": "calls cluster with 319 contracts traded, $247,705 estimated gross traded notional, and 15% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 247, "open_interest": 327, "premium": 120432.0, "premium_label": "$120,432", "premium_share": 7.169371581649738, "weighted_strike": 19.008097165991902, "avg_iv": 0.41243309166666664, "max_voi": 6.0, "why": "calls cluster with 247 contracts traded, $120,432 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 302, "open_interest": 331, "premium": 73895.0, "premium_label": "$73,895", "premium_share": 4.399002864903077, "weighted_strike": 21.82450331125828, "avg_iv": 0.5248373414285714, "max_voi": 1.42857143, "why": "calls cluster with 302 contracts traded, $73,895 estimated gross traded notional, and 4% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 590, "open_interest": 5323, "premium": 50649.0, "premium_label": "$50,649", "premium_share": 3.0151579417345684, "weighted_strike": 28.95084745762712, "avg_iv": 0.41536138777777776, "max_voi": 13.23529412, "why": "calls cluster with 590 contracts traded, $50,649 estimated gross traded notional, and 3% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $1.7M of estimated gross traded notional, puts \u00b7 91+ days \u00b7 itm, and a bullish flow confirms 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/c3ccdea1-c699-4352-85fc-7dd9c19d69e5/", "research_links": {"chart": "/terminal/c3ccdea1-c699-4352-85fc-7dd9c19d69e5/", "report": "", "factor": ""}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}