{"latest_run": "2026-08-03T20:50:00.024052+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "FBRX", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 37.84, "avg_conviction_label": "37.8", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "FBRX", "leader_score": "38", "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": "Healthcare", "count": 1, "avg_score": "37.84", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "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": "FBRX", "name": "Forte Biosciences Inc", "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": "bullish", "direction_label": "Bullish", "tone": "positive", "conviction_score": 37.84, "options_pressure_score": 29.18, "trend_confirmation_score": 50.32, "speculation_score": 43.56, "volatility_score": 29.18, "edge_label": "Call-side pressure", "insight": "FBRX shows bullish options pressure with a 38/100 conviction score, put-call volume ratio of 0.42, expected move of 4.2%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-02T14:05:34.324972+00:00", "snapshot": {"fetched_at": "2026-08-02T14:05:34.324972+00:00", "underlying_price": 76.6, "total_contracts": 198, "call_contracts": 99, "put_contracts": 99, "call_volume": 720, "put_volume": 300, "call_open_interest": 1685, "put_open_interest": 4968, "put_call_volume_ratio": 0.41666667, "put_call_open_interest_ratio": 2.94836795, "volume_open_interest_ratio": 0.15331429, "avg_implied_volatility": 0.17585125, "max_pain_strike": 70.0, "expected_move_percent": 4.21802039, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 76.6, "one_week_change": 39.8320554947061, "one_week_change_label": "+39.8%", "relative_strength": 196.347879, "fair_value_gap_label": "+349.9%", "trend_signal": "1"}, "premium_flags": [{"label": "Context building", "value": "38", "detail": "The chain is live, but no premium alert condition is dominant yet."}], "intent": {"slug": "call-activity-against-legacy-put-oi", "label": "Call activity against legacy put OI", "tone": "positive", "confidence": 62.3, "confidence_label": "62/100", "summary": "Call activity is dominant while put open interest remains large but current put volume is not leading.", "evidence": [{"label": "Notional split", "value": "C 59% / P 41%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.15", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "50/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "13 Aug", "detail": "Matched earnings event is 9 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.", "Do not infer a hedge unwind without next-session open-interest changes and opening/closing data."]}, "flow_divergence": {"label": "Bullish flow confirms price", "tone": "positive", "score": 100, "score_label": "100/100", "summary": "Options pressure and weekly price action are pointing in the same constructive direction.", "metrics": [{"label": "Options pressure", "value": "+29"}, {"label": "1W price", "value": "+39.8%"}, {"label": "Call premium", "value": "59%"}, {"label": "Put premium", "value": "41%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 720, "open_interest": 746, "premium": 3600.0, "premium_label": "$3,600", "premium_share": 59.225137780702475, "weighted_strike": 80.0, "avg_iv": 0.11592, "max_voi": 0.96644295, "why": "calls cluster with 720 contracts traded, $3,600 estimated gross traded notional, and 59% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 OTM", "tone": "negative", "volume": 61, "open_interest": 920, "premium": 1180.0, "premium_label": "$1,180", "premium_share": 19.412684050341365, "weighted_strike": 56.39344262295082, "avg_iv": 0.6419136363636364, "max_voi": 0.14492754, "why": "puts cluster with 61 contracts traded, $1,180 estimated gross traded notional, and 19% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 OTM", "tone": "negative", "volume": 225, "open_interest": 3448, "premium": 991.0, "premium_label": "$991", "premium_share": 16.303364316854488, "weighted_strike": 27.511111111111113, "avg_iv": 1.6473572222222221, "max_voi": 0.72695035, "why": "puts cluster with 225 contracts traded, $991 estimated gross traded notional, and 16% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 11, "open_interest": 570, "premium": 177.5, "premium_label": "$178", "premium_share": 2.920128321131858, "weighted_strike": 65.45454545454545, "avg_iv": 0.699585, "max_voi": 10.0, "why": "puts cluster with 11 contracts traded, $178 estimated gross traded notional, and 3% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 2, "open_interest": 17, "premium": 90.0, "premium_label": "$90", "premium_share": 1.480628444517562, "weighted_strike": 75.0, "avg_iv": 0.141705, "max_voi": 0.11764706, "why": "puts cluster with 2 contracts traded, $90 estimated gross traded notional, and 1% of visible notional."}], "why_this_matters": "Call activity against legacy put OI matters because it connects the options headline to the actual evidence: $6,078 of estimated gross traded notional, calls \u00b7 91+ 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/9c48abdf-778c-4731-bf8f-1624b2412f74/", "research_links": {"chart": "/terminal/9c48abdf-778c-4731-bf8f-1624b2412f74/", "report": "/terminal/9c48abdf-778c-4731-bf8f-1624b2412f74/report/", "factor": "/factors/ticker/9c48abdf-778c-4731-bf8f-1624b2412f74/", "insider": "/insider-activity/company/fbrx/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}