{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "DOW", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 36.39, "avg_conviction_label": "36.4", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "DOW", "leader_score": "36", "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": "Basic Materials", "count": 1, "avg_score": "36.39", "sector_label": "Basic Materials", "industry_label": "", "sector_url": "/structure/us/basic-materials/", "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": 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": "DOW", "name": "Dow Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Basic Materials", "industry": "Chemicals", "sector_url": "https://sharemaestro.com/structure/us/basic-materials/", "industry_url": "https://sharemaestro.com/structure/us/basic-materials/chemicals/", "direction": "bullish", "direction_label": "Bullish", "tone": "positive", "conviction_score": 36.39, "options_pressure_score": 18.15, "trend_confirmation_score": 58.33, "speculation_score": 40.32, "volatility_score": 47.34, "edge_label": "Call-side pressure", "insight": "DOW shows bullish options pressure with a 36/100 conviction score, put-call volume ratio of 0.68, expected move of 4.6%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-01T23:21:41.408365+00:00", "snapshot": {"fetched_at": "2026-08-01T23:21:41.408365+00:00", "underlying_price": 30.29, "total_contracts": 642, "call_contracts": 321, "put_contracts": 321, "call_volume": 4113, "put_volume": 2804, "call_open_interest": 240625, "put_open_interest": 256186, "put_call_volume_ratio": 0.68174082, "put_call_open_interest_ratio": 1.06466909, "volume_open_interest_ratio": 0.0139228, "avg_implied_volatility": 0.4112075, "max_pain_strike": 29.5, "expected_move_percent": 4.63849455, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 30.29, "one_week_change": 1.5080428954423593, "one_week_change_label": "+1.5%", "relative_strength": -2.269103, "fair_value_gap_label": "-18.3%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Bullish pressure has repeated across recent market sessions."}], "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 71% / P 29%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.01", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "58/100", "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": 19.9, "score_label": "20/100", "summary": "Options pressure and weekly price action are pointing in the same constructive direction.", "metrics": [{"label": "Options pressure", "value": "+18"}, {"label": "1W price", "value": "+1.5%"}, {"label": "Call premium", "value": "71%"}, {"label": "Put premium", "value": "29%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 8-21 days \u00b7 ATM", "tone": "positive", "volume": 804, "open_interest": 17592, "premium": 106887.0, "premium_label": "$106887", "premium_share": 14.658832129101183, "weighted_strike": 30.04726368159204, "avg_iv": 0.43112666666666666, "max_voi": 0.41333333, "why": "calls cluster with 804 contracts traded, $106887 estimated gross traded notional, and 15% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 607, "open_interest": 100305, "premium": 99497.0, "premium_label": "$99497", "premium_share": 13.645343403306113, "weighted_strike": 38.093080724876444, "avg_iv": 0.4409372131147541, "max_voi": 0.0675, "why": "calls cluster with 607 contracts traded, $99497 estimated gross traded notional, and 14% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ATM", "tone": "negative", "volume": 696, "open_interest": 8885, "premium": 72241.0, "premium_label": "$72241", "premium_share": 9.907366581889272, "weighted_strike": 30.069683908045977, "avg_iv": 0.40999, "max_voi": 2.0, "why": "puts cluster with 696 contracts traded, $72241 estimated gross traded notional, and 10% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 269, "open_interest": 2723, "premium": 60957.0, "premium_label": "$60957", "premium_share": 8.359841983530465, "weighted_strike": 28.54832713754647, "avg_iv": 0.5807188888888889, "max_voi": 125.0, "why": "calls cluster with 269 contracts traded, $60957 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 0-7 days \u00b7 ATM", "tone": "positive", "volume": 458, "open_interest": 1612, "premium": 34954.5, "premium_label": "$34954", "premium_share": 4.7937742443577545, "weighted_strike": 30.239082969432314, "avg_iv": 0.4278733333333333, "max_voi": 1.507109, "why": "calls cluster with 458 contracts traded, $34954 estimated gross traded notional, and 5% of visible notional."}], "why_this_matters": "Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $729164 of estimated gross traded notional, calls \u00b7 8-21 days \u00b7 atm, 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/d47d5d05-4e9c-4977-ad61-127f76d664ff/", "research_links": {"chart": "/terminal/d47d5d05-4e9c-4977-ad61-127f76d664ff/", "report": "/terminal/d47d5d05-4e9c-4977-ad61-127f76d664ff/report/", "factor": "/factors/ticker/d47d5d05-4e9c-4977-ad61-127f76d664ff/", "insider": "/insider-activity/company/dow/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}