{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "EXTR", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 37.72, "avg_conviction_label": "37.7", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "EXTR", "leader_score": "38", "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": "Technology", "count": 1, "avg_score": "37.72", "sector_label": "Technology", "industry_label": "", "sector_url": "/structure/us/technology/", "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": 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": "EXTR", "name": "Extreme Networks Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Communication Equipment", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/communication-equipment/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 37.72, "options_pressure_score": -18.43, "trend_confirmation_score": 74.78, "speculation_score": 4.27, "volatility_score": 96.0, "edge_label": "Put-side pressure", "insight": "EXTR shows bearish options pressure with a 38/100 conviction score, put-call volume ratio of 1.80, expected move of 15.5%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-01T11:32:23.892676+00:00", "snapshot": {"fetched_at": "2026-08-01T11:32:23.892676+00:00", "underlying_price": 30.14, "total_contracts": 286, "call_contracts": 143, "put_contracts": 143, "call_volume": 35, "put_volume": 63, "call_open_interest": 7373, "put_open_interest": 1142, "put_call_volume_ratio": 1.8, "put_call_open_interest_ratio": 0.15488946, "volume_open_interest_ratio": 0.0115091, "avg_implied_volatility": 0.82461375, "max_pain_strike": 26.0, "expected_move_percent": 15.51094891, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 30.14, "one_week_change": 2.204136995591726, "one_week_change_label": "+2.2%", "relative_strength": 36.194965, "fair_value_gap_label": "+72.7%", "trend_signal": "1"}, "premium_flags": [{"label": "Priced move", "value": "15.5%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "75", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 86.9, "confidence_label": "87/100", "summary": "Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.", "evidence": [{"label": "Notional split", "value": "C 30% / P 70%", "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": "75/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "5 Aug", "detail": "Matched earnings event is 4 days away."}], "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 against rising price", "tone": "warning", "score": 15.7, "score_label": "16/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-18"}, {"label": "1W price", "value": "+2.2%"}, {"label": "Call premium", "value": "30%"}, {"label": "Put premium", "value": "70%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 20, "open_interest": 13, "premium": 10150.0, "premium_label": "$10150", "premium_share": 38.3127300179296, "weighted_strike": 34.5, "avg_iv": 0.78293, "max_voi": 0.0, "why": "puts cluster with 20 contracts traded, $10150 estimated gross traded notional, and 38% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 OTM", "tone": "negative", "volume": 36, "open_interest": 531, "premium": 7095.0, "premium_label": "$7095", "premium_share": 26.781164480513354, "weighted_strike": 27.694444444444443, "avg_iv": 0.838611304347826, "max_voi": 0.10196078, "why": "puts cluster with 36 contracts traded, $7095 estimated gross traded notional, and 27% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ATM", "tone": "positive", "volume": 5, "open_interest": 247, "premium": 2375.0, "premium_label": "$2375", "premium_share": 8.964801358875153, "weighted_strike": 30.0, "avg_iv": 0.6782733333333333, "max_voi": 0.27777778, "why": "calls cluster with 5 contracts traded, $2375 estimated gross traded notional, and 9% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ATM", "tone": "positive", "volume": 6, "open_interest": 589, "premium": 1860.0, "premium_label": "$1860", "premium_share": 7.020854958950647, "weighted_strike": 30.0, "avg_iv": 0.67828, "max_voi": 0.01018676, "why": "calls cluster with 6 contracts traded, $1860 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 14, "open_interest": 1058, "premium": 1710.0, "premium_label": "$1710", "premium_share": 6.45465697839011, "weighted_strike": 33.714285714285715, "avg_iv": 0.6534427272727272, "max_voi": 0.2, "why": "calls cluster with 14 contracts traded, $1710 estimated gross traded notional, and 6% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $26492 of estimated gross traded notional, puts \u00b7 8-21 days \u00b7 itm, and a bearish flow against rising 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/9b30629d-9411-46c8-91ae-fc7bf3e021b5/", "research_links": {"chart": "/terminal/9b30629d-9411-46c8-91ae-fc7bf3e021b5/", "report": "/terminal/9b30629d-9411-46c8-91ae-fc7bf3e021b5/report/", "factor": "/factors/ticker/9b30629d-9411-46c8-91ae-fc7bf3e021b5/", "insider": "/insider-activity/company/extr/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}