{"latest_run": "2026-09-18T20:50:00.030366+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "DX", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 54.28, "avg_conviction_label": "54.3", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "DX", "leader_score": "54", "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": [{"ticker__sector": "Real Estate", "count": 1, "avg_score": "54.28", "sector_label": "Real Estate", "industry_label": "", "sector_url": "/structure/us/real-estate/", "industry_url": "", "bar_width": 100.0}], "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": 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": "DX", "name": "Dynex Capital Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Real Estate", "industry": "Reit - Mortgage", "sector_url": "https://sharemaestro.com/structure/us/real-estate/", "industry_url": "https://sharemaestro.com/structure/us/real-estate/reit-mortgage/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 54.28, "options_pressure_score": -56.8, "trend_confirmation_score": 82.58, "speculation_score": 12.85, "volatility_score": 61.28, "edge_label": "Put-side pressure", "insight": "DX shows bearish options pressure with a 54/100 conviction score, put-call volume ratio of 4.34, expected move of 5.0%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-09-20T09:40:41.670711+00:00", "snapshot": {"fetched_at": "2026-09-20T09:40:41.670711+00:00", "underlying_price": 12.18, "total_contracts": 78, "call_contracts": 39, "put_contracts": 39, "call_volume": 95, "put_volume": 412, "call_open_interest": 13306, "put_open_interest": 6956, "put_call_volume_ratio": 4.33684211, "put_call_open_interest_ratio": 0.52277168, "volume_open_interest_ratio": 0.02502221, "avg_implied_volatility": 0.58925625, "max_pain_strike": 12.5, "expected_move_percent": 5.00821018, "nearest_expiration": "2026-10-16"}, "market": {"latest_close": 12.18, "one_week_change": -2.7156549520766773, "one_week_change_label": "-2.7%", "relative_strength": -11.903759, "fair_value_gap_label": "+14.1%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bearish pressure has repeated across recent market sessions."}, {"label": "Trend agreement", "value": "83", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 78.4, "confidence_label": "78/100", "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 43% / P 57%", "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": "83/100", "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": 36.0, "score_label": "36/100", "summary": "Options pressure and weekly price action are both cautionary.", "metrics": [{"label": "Options pressure", "value": "-57"}, {"label": "1W price", "value": "-2.7%"}, {"label": "Call premium", "value": "43%"}, {"label": "Put premium", "value": "57%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 115, "open_interest": 2943, "premium": 9602.5, "premium_label": "$9,602", "premium_share": 26.745303382678568, "weighted_strike": 12.5, "avg_iv": 0.7075436363636364, "max_voi": 1.53333333, "why": "puts cluster with 115 contracts traded, $9,602 estimated gross traded notional, and 27% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 9, "open_interest": 51, "premium": 8345.0, "premium_label": "$8,345", "premium_share": 23.24285933126297, "weighted_strike": 3.0555555555555554, "avg_iv": 1.223385, "max_voi": 0.55555556, "why": "calls cluster with 9 contracts traded, $8,345 estimated gross traded notional, and 23% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 61, "open_interest": 697, "premium": 8082.5, "premium_label": "$8,082", "premium_share": 22.51173283941677, "weighted_strike": 12.5, "avg_iv": 0.702665, "max_voi": 0.1013289, "why": "puts cluster with 61 contracts traded, $8,082 estimated gross traded notional, and 23% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 6, "open_interest": 29, "premium": 4925.0, "premium_label": "$4,925", "premium_share": 13.717325608923922, "weighted_strike": 4.166666666666667, "avg_iv": 1.73435, "max_voi": 0.4, "why": "calls cluster with 6 contracts traded, $4,925 estimated gross traded notional, and 14% of visible notional."}, {"label": "Puts \u00b7 22-45 days \u00b7 ITM", "tone": "negative", "volume": 24, "open_interest": 2936, "premium": 1452.5, "premium_label": "$1,452", "premium_share": 4.0455665882156335, "weighted_strike": 12.604166666666666, "avg_iv": 0.86689, "max_voi": 0.1, "why": "puts cluster with 24 contracts traded, $1,452 estimated gross traded notional, and 4% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $35,904 of estimated gross traded notional, puts \u00b7 46-90 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/38c112eb-644e-4fbc-8bf9-255c2ba4fbb6/", "research_links": {"chart": "/terminal/38c112eb-644e-4fbc-8bf9-255c2ba4fbb6/", "report": "/terminal/38c112eb-644e-4fbc-8bf9-255c2ba4fbb6/report/", "factor": "/factors/ticker/38c112eb-644e-4fbc-8bf9-255c2ba4fbb6/", "insider": "/insider-activity/company/dx/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}