{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "CDNS", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 46.51, "avg_conviction_label": "46.5", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "CDNS", "leader_score": "47", "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": "46.51", "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": "CDNS", "name": "Cadence Design Systems Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Software - Application", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/software-application/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 46.51, "options_pressure_score": -23.53, "trend_confirmation_score": 87.06, "speculation_score": 40.36, "volatility_score": 51.14, "edge_label": "Put-side pressure", "insight": "CDNS shows bearish options pressure with a 47/100 conviction score, put-call volume ratio of 1.42, expected move of 5.0%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-01T11:30:33.904284+00:00", "snapshot": {"fetched_at": "2026-08-01T11:30:33.904284+00:00", "underlying_price": 340.02, "total_contracts": 1868, "call_contracts": 934, "put_contracts": 934, "call_volume": 676, "put_volume": 959, "call_open_interest": 42062, "put_open_interest": 63861, "put_call_volume_ratio": 1.41863905, "put_call_open_interest_ratio": 1.51825876, "volume_open_interest_ratio": 0.01543574, "avg_implied_volatility": 0.4465775, "max_pain_strike": 340.0, "expected_move_percent": 4.97029586, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 340.02, "one_week_change": 4.22388425698872, "one_week_change_label": "+4.2%", "relative_strength": -5.816732, "fair_value_gap_label": "+13.9%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bearish pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+0.0%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Trend agreement", "value": "87", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 62.7, "confidence_label": "63/100", "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 60% / P 40%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.02", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "87/100", "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": 30.5, "score_label": "31/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-24"}, {"label": "1W price", "value": "+4.2%"}, {"label": "Call premium", "value": "60%"}, {"label": "Put premium", "value": "40%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 84, "open_interest": 10106, "premium": 285260.0, "premium_label": "$285260", "premium_share": 13.738184191167175, "weighted_strike": 430.1190476190476, "avg_iv": 0.4706460869565217, "max_voi": 3.75, "why": "calls cluster with 84 contracts traded, $285260 estimated gross traded notional, and 14% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 OTM", "tone": "positive", "volume": 240, "open_interest": 196, "premium": 193245.0, "premium_label": "$193245", "premium_share": 9.306721601423616, "weighted_strike": 374.6875, "avg_iv": 0.44413625, "max_voi": 125.0, "why": "calls cluster with 240 contracts traded, $193245 estimated gross traded notional, and 9% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 14, "open_interest": 262, "premium": 178670.0, "premium_label": "$178670", "premium_share": 8.604786403406854, "weighted_strike": 213.21428571428572, "avg_iv": 0.844125, "max_voi": 1.5, "why": "calls cluster with 14 contracts traded, $178670 estimated gross traded notional, and 9% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 15, "open_interest": 17, "premium": 150145.0, "premium_label": "$150145", "premium_share": 7.231016144509554, "weighted_strike": 242.33333333333334, "avg_iv": 0.69169125, "max_voi": 1.0, "why": "calls cluster with 15 contracts traded, $150145 estimated gross traded notional, and 7% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 56, "open_interest": 4739, "premium": 137200.0, "premium_label": "$137200", "premium_share": 6.6075821041440665, "weighted_strike": 357.7232142857143, "avg_iv": 0.44113384615384615, "max_voi": 1.0, "why": "puts cluster with 56 contracts traded, $137200 estimated gross traded notional, and 7% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $2.1M of estimated gross traded notional, calls \u00b7 91+ 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/4ea3ee64-b92e-4a79-bd01-195e4eb8cd37/", "research_links": {"chart": "/terminal/4ea3ee64-b92e-4a79-bd01-195e4eb8cd37/", "report": "/terminal/4ea3ee64-b92e-4a79-bd01-195e4eb8cd37/report/", "factor": "/factors/ticker/4ea3ee64-b92e-4a79-bd01-195e4eb8cd37/", "insider": "/insider-activity/company/cdns/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}