{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "CORT", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 45.71, "avg_conviction_label": "45.7", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "CORT", "leader_score": "46", "leader_direction": "volatility", "leader_direction_label": "Volatility", "leader_tone": "warning", "leader_read": "The strongest current read is about a larger expected move, not a clean up-or-down direction."}, "charts": {"sectors": [{"ticker__sector": "Healthcare", "count": 1, "avg_score": "45.71", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "volatility", "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": "CORT", "name": "Corcept Therapeutics Incorporated", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Biotechnology", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/biotechnology/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 45.71, "options_pressure_score": -49.8, "trend_confirmation_score": 31.79, "speculation_score": 40.52, "volatility_score": 76.12, "edge_label": "Volatility expansion watch", "insight": "CORT shows volatility options pressure with a 46/100 conviction score, put-call volume ratio of 3.73, expected move of 9.9%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-02T01:20:06.778664+00:00", "snapshot": {"fetched_at": "2026-08-02T01:20:06.778664+00:00", "underlying_price": 114.49, "total_contracts": 518, "call_contracts": 259, "put_contracts": 259, "call_volume": 135, "put_volume": 504, "call_open_interest": 21244, "put_open_interest": 7180, "put_call_volume_ratio": 3.73333333, "put_call_open_interest_ratio": 0.33797778, "volume_open_interest_ratio": 0.022481, "avg_implied_volatility": 0.52096375, "max_pain_strike": 50.0, "expected_move_percent": 9.91352957, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 114.49, "one_week_change": 20.060822147651006, "one_week_change_label": "+20.1%", "relative_strength": 62.020668, "fair_value_gap_label": "+127.3%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "9.9%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "volatility-expansion-bet", "label": "Volatility expansion bet", "tone": "warning", "confidence": 91.1, "confidence_label": "91/100", "summary": "The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.", "evidence": [{"label": "Notional split", "value": "C 46% / P 54%", "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": "32/100", "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": "Volatility flow versus price", "tone": "warning", "score": 89.9, "score_label": "90/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "-50"}, {"label": "1W price", "value": "+20.1%"}, {"label": "Call premium", "value": "46%"}, {"label": "Put premium", "value": "54%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 127, "open_interest": 4148, "premium": 80673.5, "premium_label": "$80674", "premium_share": 27.450890320297532, "weighted_strike": 69.27165354330708, "avg_iv": 0.6219240789473685, "max_voi": 1.0, "why": "puts cluster with 127 contracts traded, $80674 estimated gross traded notional, and 27% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 OTM", "tone": "negative", "volume": 347, "open_interest": 2503, "premium": 45667.0, "premium_label": "$45667", "premium_share": 15.539177155534686, "weighted_strike": 74.47406340057637, "avg_iv": 1.1175776470588235, "max_voi": 11.66666667, "why": "puts cluster with 347 contracts traded, $45667 estimated gross traded notional, and 16% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 19, "open_interest": 11424, "premium": 37510.0, "premium_label": "$37510", "premium_share": 12.763582786346948, "weighted_strike": 96.3157894736842, "avg_iv": 1.5563044117647058, "max_voi": 0.0990099, "why": "calls cluster with 19 contracts traded, $37510 estimated gross traded notional, and 13% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 10, "open_interest": 7947, "premium": 34020.0, "premium_label": "$34020", "premium_share": 11.576035361011014, "weighted_strike": 97.25, "avg_iv": 0.7410067, "max_voi": 1.0, "why": "calls cluster with 10 contracts traded, $34020 estimated gross traded notional, and 12% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 10, "open_interest": 1377, "premium": 22065.0, "premium_label": "$22065", "premium_share": 7.508089954165433, "weighted_strike": 128.0, "avg_iv": 0.613887, "max_voi": 0.75, "why": "calls cluster with 10 contracts traded, $22065 estimated gross traded notional, and 8% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $293883 of estimated gross traded notional, puts \u00b7 91+ days \u00b7 otm, and a volatility flow versus 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/fa26c959-2087-470a-96c3-db662b81c34d/", "research_links": {"chart": "/terminal/fa26c959-2087-470a-96c3-db662b81c34d/", "report": "/terminal/fa26c959-2087-470a-96c3-db662b81c34d/report/", "factor": "/factors/ticker/fa26c959-2087-470a-96c3-db662b81c34d/", "insider": "/insider-activity/company/cort/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}