{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "DAL", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 48.72, "avg_conviction_label": "48.7", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "DAL", "leader_score": "49", "leader_direction": "bullish", "leader_direction_label": "Bullish", "leader_tone": "positive", "leader_read": "The strongest current read leans call-side, which is generally constructive if the chart also supports it."}, "charts": {"sectors": [{"ticker__sector": "Industrials", "count": 1, "avg_score": "48.72", "sector_label": "Industrials", "industry_label": "", "sector_url": "/structure/us/industrials/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "bullish", "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": "DAL", "name": "Delta Air Lines Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Industrials", "industry": "Airlines", "sector_url": "https://sharemaestro.com/structure/us/industrials/", "industry_url": "https://sharemaestro.com/structure/us/industrials/airlines/", "direction": "bullish", "direction_label": "Bullish", "tone": "positive", "conviction_score": 48.72, "options_pressure_score": 59.82, "trend_confirmation_score": 38.69, "speculation_score": 41.24, "volatility_score": 44.64, "edge_label": "Call-side pressure", "insight": "DAL shows bullish options pressure with a 49/100 conviction score, put-call volume ratio of 0.23, expected move of 4.4%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-02T03:50:05.412097+00:00", "snapshot": {"fetched_at": "2026-08-02T03:50:05.412097+00:00", "underlying_price": 87.44, "total_contracts": 902, "call_contracts": 451, "put_contracts": 451, "call_volume": 15697, "put_volume": 3623, "call_open_interest": 163204, "put_open_interest": 199572, "put_call_volume_ratio": 0.23080843, "put_call_open_interest_ratio": 1.22283768, "volume_open_interest_ratio": 0.053256, "avg_implied_volatility": 0.3880375, "max_pain_strike": 87.0, "expected_move_percent": 4.36870997, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 87.44, "one_week_change": 2.7980249235833528, "one_week_change_label": "+2.8%", "relative_strength": 17.797647, "fair_value_gap_label": "+61.9%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bullish pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+0.5%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}], "intent": {"slug": "short-dated-otm-call-concentration", "label": "Short-dated OTM call concentration", "tone": "warning", "confidence": 94, "confidence_label": "94/100", "summary": "Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.", "evidence": [{"label": "Notional split", "value": "C 69% / P 31%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.05", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "39/100", "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": "Bullish flow confirms price", "tone": "positive", "score": 42.7, "score_label": "43/100", "summary": "Options pressure and weekly price action are pointing in the same constructive direction.", "metrics": [{"label": "Options pressure", "value": "+60"}, {"label": "1W price", "value": "+2.8%"}, {"label": "Call premium", "value": "69%"}, {"label": "Put premium", "value": "31%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 0-7 days \u00b7 OTM", "tone": "positive", "volume": 13149, "open_interest": 2861, "premium": 633562.5, "premium_label": "$633562", "premium_share": 26.674698460388086, "weighted_strike": 92.18115446041524, "avg_iv": 0.40186, "max_voi": 97.19354839, "why": "calls cluster with 13149 contracts traded, $633562 estimated gross traded notional, and 27% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 440, "open_interest": 88477, "premium": 401958.0, "premium_label": "$401958", "premium_share": 16.92352126860519, "weighted_strike": 75.2784090909091, "avg_iv": 0.48751517857142856, "max_voi": 1.08013937, "why": "puts cluster with 440 contracts traded, $401958 estimated gross traded notional, and 17% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 309, "open_interest": 29481, "premium": 220203.5, "premium_label": "$220204", "premium_share": 9.271164190465925, "weighted_strike": 102.89644012944984, "avg_iv": 0.40112136363636364, "max_voi": 1.63636364, "why": "calls cluster with 309 contracts traded, $220204 estimated gross traded notional, and 9% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 88, "open_interest": 37561, "premium": 161220.0, "premium_label": "$161220", "premium_share": 6.78779897134658, "weighted_strike": 76.31818181818181, "avg_iv": 0.46958695652173915, "max_voi": 0.10227273, "why": "calls cluster with 88 contracts traded, $161220 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 621, "open_interest": 12550, "premium": 100716.0, "premium_label": "$100716", "premium_share": 4.240416581057822, "weighted_strike": 91.16988727858293, "avg_iv": 0.36500333333333335, "max_voi": 2.25531915, "why": "calls cluster with 621 contracts traded, $100716 estimated gross traded notional, and 4% of visible notional."}], "why_this_matters": "Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $2.4M of estimated gross traded notional, calls \u00b7 0-7 days \u00b7 otm, and a bullish 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/4ac763c4-1a6f-4b19-9a50-05bf5774776c/", "research_links": {"chart": "/terminal/4ac763c4-1a6f-4b19-9a50-05bf5774776c/", "report": "/terminal/4ac763c4-1a6f-4b19-9a50-05bf5774776c/report/", "factor": "/factors/ticker/4ac763c4-1a6f-4b19-9a50-05bf5774776c/", "insider": "/insider-activity/company/dal/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}