{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "BMI", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 58.08, "avg_conviction_label": "58.1", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "BMI", "leader_score": "58", "leader_direction": "bearish", "leader_direction_label": "Bearish", "leader_tone": "negative", "leader_read": "The strongest current read leans put-side, which is usually a caution flag or downside-risk signal."}, "charts": {"sectors": [{"ticker__sector": "Technology", "count": 1, "avg_score": "58.08", "sector_label": "Technology", "industry_label": "", "sector_url": "/structure/us/technology/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "bearish", "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": "BMI", "name": "Badger Meter Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Scientific & Technical Instruments", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/scientific-technical-instruments/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 58.08, "options_pressure_score": -79.91, "trend_confirmation_score": 52.62, "speculation_score": 25.44, "volatility_score": 52.34, "edge_label": "Put-side pressure", "insight": "BMI shows bearish options pressure with a 58/100 conviction score, put-call volume ratio of 7.50, expected move of 6.7%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-02T05:18:30.618714+00:00", "snapshot": {"fetched_at": "2026-08-02T05:18:30.618714+00:00", "underlying_price": 134.35, "total_contracts": 306, "call_contracts": 153, "put_contracts": 153, "call_volume": 12, "put_volume": 90, "call_open_interest": 1185, "put_open_interest": 1525, "put_call_volume_ratio": 7.5, "put_call_open_interest_ratio": 1.28691983, "volume_open_interest_ratio": 0.03763838, "avg_implied_volatility": 0.36487, "max_pain_strike": 130.0, "expected_move_percent": 6.69892073, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 134.35, "one_week_change": 6.356871437618746, "one_week_change_label": "+6.4%", "relative_strength": -22.29449, "fair_value_gap_label": "-24.2%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Bearish pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "6.7%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 88.5, "confidence_label": "88/100", "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 34% / P 66%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.04", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "53/100", "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": "Bearish flow against rising price", "tone": "warning", "score": 59.6, "score_label": "60/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-80"}, {"label": "1W price", "value": "+6.4%"}, {"label": "Call premium", "value": "34%"}, {"label": "Put premium", "value": "66%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 8-21 days \u00b7 OTM", "tone": "negative", "volume": 86, "open_interest": 610, "premium": 14190.0, "premium_label": "$14190", "premium_share": 49.15562483762016, "weighted_strike": 125.0, "avg_iv": 0.6854313333333333, "max_voi": 3.07142857, "why": "puts cluster with 86 contracts traded, $14190 estimated gross traded notional, and 49% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 8, "open_interest": 110, "premium": 8480.0, "premium_label": "$8480", "premium_share": 29.375595392742703, "weighted_strike": 125.0, "avg_iv": 0.20024066666666668, "max_voi": 0.66666667, "why": "calls cluster with 8 contracts traded, $8480 estimated gross traded notional, and 29% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 2, "open_interest": 76, "premium": 2100.0, "premium_label": "$2100", "premium_share": 7.274616783580151, "weighted_strike": 142.5, "avg_iv": 0.8485175, "max_voi": 0.04761905, "why": "puts cluster with 2 contracts traded, $2100 estimated gross traded notional, and 7% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 1, "open_interest": 10, "premium": 1635.0, "premium_label": "$1635", "premium_share": 5.663808781501689, "weighted_strike": 135.0, "avg_iv": 0.44414, "max_voi": 0.16666667, "why": "puts cluster with 1 contracts traded, $1635 estimated gross traded notional, and 6% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 1, "open_interest": 478, "premium": 1035.0, "premium_label": "$1035", "premium_share": 3.5853468433359312, "weighted_strike": 130.0, "avg_iv": 0.5013097674418605, "max_voi": 0.1, "why": "puts cluster with 1 contracts traded, $1035 estimated gross traded notional, and 4% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $28868 of estimated gross traded notional, puts \u00b7 8-21 days \u00b7 otm, and a bearish flow against rising 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/e1cfab8d-af17-433a-9f15-c0cc41901cff/", "research_links": {"chart": "/terminal/e1cfab8d-af17-433a-9f15-c0cc41901cff/", "report": "/terminal/e1cfab8d-af17-433a-9f15-c0cc41901cff/report/", "factor": "/factors/ticker/e1cfab8d-af17-433a-9f15-c0cc41901cff/", "insider": "/insider-activity/company/bmi/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}