{"latest_run": null, "coverage_count": 6093, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "CERY", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 35.09, "avg_conviction_label": "35.1", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "CERY", "leader_score": "35", "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": [], "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": 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": "CERY", "name": "STATE STREET SPDR BLOOMBERG ENHANCED ROLL YIELD COMMODITY STRATEGY NO K-1 ETF", "exchange": "NYSEARCA", "country": "US", "currency": "USD", "sector": "", "industry": "", "sector_url": "", "industry_url": "", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 35.09, "options_pressure_score": -21.99, "trend_confirmation_score": 85.09, "speculation_score": 8.72, "volatility_score": 18.15, "edge_label": "Put-side pressure", "insight": "CERY shows bearish options pressure with a 35/100 conviction score, put-call volume ratio of 2.00, expected move of 2.5%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-05T12:00:56.402493+00:00", "snapshot": {"fetched_at": "2026-08-05T12:00:56.402493+00:00", "underlying_price": 35.96, "total_contracts": 216, "call_contracts": 108, "put_contracts": 108, "call_volume": 1, "put_volume": 2, "call_open_interest": 92, "put_open_interest": 5, "put_call_volume_ratio": 2.0, "put_call_open_interest_ratio": 0.05434783, "volume_open_interest_ratio": 0.03092784, "avg_implied_volatility": 0.116095, "max_pain_strike": 26.0, "expected_move_percent": 2.50548348, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 35.96, "one_week_change": -1.6680339075745145, "one_week_change_label": "-1.7%", "relative_strength": 5.378342, "fair_value_gap_label": "+26.0%", "trend_signal": "1"}, "premium_flags": [{"label": "Trend agreement", "value": "85", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 67.0, "confidence_label": "67/100", "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 29% / P 71%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.03", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "85/100", "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 confirms price", "tone": "negative", "score": 16.5, "score_label": "16/100", "summary": "Options pressure and weekly price action are both cautionary.", "metrics": [{"label": "Options pressure", "value": "-22"}, {"label": "1W price", "value": "-1.7%"}, {"label": "Call premium", "value": "29%"}, {"label": "Put premium", "value": "71%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 22-45 days \u00b7 ITM", "tone": "negative", "volume": 1, "open_interest": 1, "premium": 407.5, "premium_label": "$408", "premium_share": 48.656716417910445, "weighted_strike": 39.0, "avg_iv": 0.33926, "max_voi": 1.0, "why": "puts cluster with 1 contracts traded, $408 estimated gross traded notional, and 49% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 1, "open_interest": 7, "premium": 242.5, "premium_label": "$242", "premium_share": 28.955223880597014, "weighted_strike": 35.0, "avg_iv": 0.10734782608695652, "max_voi": 0.14285714, "why": "calls cluster with 1 contracts traded, $242 estimated gross traded notional, and 29% of visible notional."}, {"label": "Puts \u00b7 22-45 days \u00b7 ATM", "tone": "negative", "volume": 1, "open_interest": 1, "premium": 187.5, "premium_label": "$188", "premium_share": 22.388059701492537, "weighted_strike": 36.0, "avg_iv": 0.2978, "max_voi": 1.0, "why": "puts cluster with 1 contracts traded, $188 estimated gross traded notional, and 22% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $838 of estimated gross traded notional, puts \u00b7 22-45 days \u00b7 itm, and a bearish 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/97b23e81-c920-48c9-803b-01b4bf641ae1/", "research_links": {"chart": "/terminal/97b23e81-c920-48c9-803b-01b4bf641ae1/", "report": "", "factor": ""}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}