{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "BXMT", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 30.54, "avg_conviction_label": "30.5", "bullish": 0, "bearish": 0, "volatility": 0, "mixed": 1, "leader": "BXMT", "leader_score": "31", "leader_direction": "mixed", "leader_direction_label": "Mixed", "leader_tone": "neutral", "leader_read": "The strongest current read is mixed, so the options tape is not giving a clean direction yet."}, "charts": {"sectors": [{"ticker__sector": "Real Estate", "count": 1, "avg_score": "30.54", "sector_label": "Real Estate", "industry_label": "", "sector_url": "/structure/us/real-estate/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "mixed", "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": 0, "url": "/options/conviction/40-59/", "bar_width": 0.0}, {"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": 1, "url": "/options/conviction/under-40/", "bar_width": 100.0}]}, "signals": [{"symbol": "BXMT", "name": "Blackstone Mortgage Trust Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Real Estate", "industry": "Reit - Mortgage", "sector_url": "https://sharemaestro.com/structure/us/real-estate/", "industry_url": "https://sharemaestro.com/structure/us/real-estate/reit-mortgage/", "direction": "mixed", "direction_label": "Mixed", "tone": "neutral", "conviction_score": 30.54, "options_pressure_score": 5.97, "trend_confirmation_score": 59.58, "speculation_score": 40.89, "volatility_score": 35.42, "edge_label": "Options-market disagreement", "insight": "BXMT shows mixed options pressure with a 31/100 conviction score, put-call volume ratio of 0.70, expected move of 5.3%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-01T20:19:40.820920+00:00", "snapshot": {"fetched_at": "2026-08-01T20:19:40.820920+00:00", "underlying_price": 14.54, "total_contracts": 152, "call_contracts": 76, "put_contracts": 76, "call_volume": 1165, "put_volume": 810, "call_open_interest": 14880, "put_open_interest": 36359, "put_call_volume_ratio": 0.69527897, "put_call_open_interest_ratio": 2.44348118, "volume_open_interest_ratio": 0.03854486, "avg_implied_volatility": 0.20145875, "max_pain_strike": 17.0, "expected_move_percent": 5.3301238, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 14.54, "one_week_change": -12.881965248651888, "one_week_change_label": "-12.9%", "relative_strength": -26.54127, "fair_value_gap_label": "-13.8%", "trend_signal": "0"}, "premium_flags": [{"label": "Context building", "value": "31", "detail": "The chain is live, but no premium alert condition is dominant yet."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 62.2, "confidence_label": "62/100", "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 24% / P 76%", "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": "60/100", "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": "No clean flow/price divergence", "tone": "neutral", "score": 48.7, "score_label": "49/100", "summary": "The options read is mixed, so divergence is not strong enough to classify.", "metrics": [{"label": "Options pressure", "value": "+6"}, {"label": "1W price", "value": "-12.9%"}, {"label": "Call premium", "value": "24%"}, {"label": "Put premium", "value": "76%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 303, "open_interest": 6813, "premium": 102525.0, "premium_label": "$102525", "premium_share": 56.97210159121788, "weighted_strike": 17.023102310231025, "avg_iv": 0.6958366666666667, "max_voi": 2.0, "why": "puts cluster with 303 contracts traded, $102525 estimated gross traded notional, and 57% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 214, "open_interest": 1, "premium": 24860.0, "premium_label": "$24860", "premium_share": 13.814449603098527, "weighted_strike": 13.981308411214954, "avg_iv": 0.166095, "max_voi": 210.0, "why": "calls cluster with 214 contracts traded, $24860 estimated gross traded notional, and 14% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 OTM", "tone": "negative", "volume": 372, "open_interest": 223, "premium": 20685.0, "premium_label": "$20685", "premium_share": 11.494444490751931, "weighted_strike": 13.981182795698924, "avg_iv": 0.37229727272727275, "max_voi": 3.125, "why": "puts cluster with 372 contracts traded, $20685 estimated gross traded notional, and 11% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 74, "open_interest": 2502, "premium": 11987.5, "premium_label": "$11988", "premium_share": 6.661332044132887, "weighted_strike": 15.635135135135135, "avg_iv": 0.7005196, "max_voi": 0.13812155, "why": "puts cluster with 74 contracts traded, $11988 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 226, "open_interest": 11803, "premium": 7995.0, "premium_label": "$7995", "premium_share": 4.44274032891282, "weighted_strike": 17.460176991150444, "avg_iv": 0.2691806666666667, "max_voi": 3.0, "why": "calls cluster with 226 contracts traded, $7995 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: $179956 of estimated gross traded notional, puts \u00b7 91+ days \u00b7 itm, and a no clean flow/price divergence 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/2de3c6eb-5128-4c9d-8946-57ba13e5892b/", "research_links": {"chart": "/terminal/2de3c6eb-5128-4c9d-8946-57ba13e5892b/", "report": "/terminal/2de3c6eb-5128-4c9d-8946-57ba13e5892b/report/", "factor": "/factors/ticker/2de3c6eb-5128-4c9d-8946-57ba13e5892b/", "insider": "/insider-activity/company/bxmt/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}