{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "CNMD", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 32.54, "avg_conviction_label": "32.5", "bullish": 0, "bearish": 0, "volatility": 0, "mixed": 1, "leader": "CNMD", "leader_score": "33", "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": "Healthcare", "count": 1, "avg_score": "32.54", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "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": "CNMD", "name": "CONMED Corporation", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Medical Devices", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/medical-devices/", "direction": "mixed", "direction_label": "Mixed", "tone": "neutral", "conviction_score": 32.54, "options_pressure_score": 4.93, "trend_confirmation_score": 72.9, "speculation_score": 13.26, "volatility_score": 85.99, "edge_label": "Options-market disagreement", "insight": "CNMD shows mixed options pressure with a 33/100 conviction score, put-call volume ratio of 0.96, expected move of 9.0%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-01T18:28:25.403992+00:00", "snapshot": {"fetched_at": "2026-08-01T18:28:25.403992+00:00", "underlying_price": 46.3, "total_contracts": 40, "call_contracts": 23, "put_contracts": 17, "call_volume": 74, "put_volume": 71, "call_open_interest": 927, "put_open_interest": 706, "put_call_volume_ratio": 0.95945946, "put_call_open_interest_ratio": 0.76159655, "volume_open_interest_ratio": 0.08879363, "avg_implied_volatility": 0.71319867, "max_pain_strike": 40.0, "expected_move_percent": 9.01727862, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 46.3, "one_week_change": 8.481724461105905, "one_week_change_label": "+8.5%", "relative_strength": 0.738485, "fair_value_gap_label": "-27.6%", "trend_signal": "0"}, "premium_flags": [{"label": "Priced move", "value": "9.0%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "73", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "multi-expiry-position-maintenance-candidate", "label": "Multi-expiry position-maintenance candidate", "tone": "neutral", "confidence": 63.0, "confidence_label": "63/100", "summary": "Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.", "evidence": [{"label": "Notional split", "value": "C 89% / P 11%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.09", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "73/100", "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.", "Roll detection is conservative because opening and closing legs are not directly observable in this snapshot."]}, "flow_divergence": {"label": "No clean flow/price divergence", "tone": "neutral", "score": 30.1, "score_label": "30/100", "summary": "The options read is mixed, so divergence is not strong enough to classify.", "metrics": [{"label": "Options pressure", "value": "+5"}, {"label": "1W price", "value": "+8.5%"}, {"label": "Call premium", "value": "89%"}, {"label": "Put premium", "value": "11%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 38, "open_interest": 140, "premium": 41435.0, "premium_label": "$41435", "premium_share": 69.11074231292064, "weighted_strike": 38.61842105263158, "avg_iv": 0.65862158, "max_voi": 1.0, "why": "calls cluster with 38 contracts traded, $41435 estimated gross traded notional, and 69% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 11, "open_interest": 235, "premium": 10505.0, "premium_label": "$10505", "premium_share": 17.521620562259713, "weighted_strike": 37.27272727272727, "avg_iv": 0.7143583233333334, "max_voi": 0.19512195, "why": "calls cluster with 11 contracts traded, $10505 estimated gross traded notional, and 18% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 OTM", "tone": "negative", "volume": 26, "open_interest": 189, "premium": 2932.0, "premium_label": "$2932", "premium_share": 4.890375201194239, "weighted_strike": 39.23076923076923, "avg_iv": 1.01986075, "max_voi": 0.16666667, "why": "puts cluster with 26 contracts traded, $2932 estimated gross traded notional, and 5% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 OTM", "tone": "negative", "volume": 37, "open_interest": 446, "premium": 1765.0, "premium_label": "$1765", "premium_share": 2.943899123501989, "weighted_strike": 39.32432432432432, "avg_iv": 0.85449601, "max_voi": 1.4, "why": "puts cluster with 37 contracts traded, $1765 estimated gross traded notional, and 3% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 7, "open_interest": 66, "premium": 1380.0, "premium_label": "$1380", "premium_share": 2.301745490330167, "weighted_strike": 33.57142857142857, "avg_iv": 0.6199989166666666, "max_voi": 0.66666667, "why": "puts cluster with 7 contracts traded, $1380 estimated gross traded notional, and 2% of visible notional."}], "why_this_matters": "Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $59954 of estimated gross traded notional, calls \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/8e4bacb1-fa21-4d58-af00-5f6157963881/", "research_links": {"chart": "/terminal/8e4bacb1-fa21-4d58-af00-5f6157963881/", "report": "/terminal/8e4bacb1-fa21-4d58-af00-5f6157963881/report/", "factor": "/factors/ticker/8e4bacb1-fa21-4d58-af00-5f6157963881/", "insider": "/insider-activity/company/cnmd/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}