{"latest_run": "2026-08-13T20:50:38.829406+00:00", "coverage_count": 6124, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "FRMM", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 54.29, "avg_conviction_label": "54.3", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "FRMM", "leader_score": "54", "leader_direction": "volatility", "leader_direction_label": "Volatility", "leader_tone": "warning", "leader_read": "The strongest current read is about a larger expected move, not a clean up-or-down direction."}, "charts": {"sectors": [{"ticker__sector": "Technology", "count": 1, "avg_score": "54.29", "sector_label": "Technology", "industry_label": "", "sector_url": "/structure/us/technology/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "volatility", "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": "FRMM", "name": "Forum Markets, Incorporated", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Software - Application", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/software-application/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 54.29, "options_pressure_score": 100.0, "trend_confirmation_score": 0.0, "speculation_score": 12.21, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "FRMM shows volatility options pressure with a 54/100 conviction score, put-call volume ratio of 0.01, expected move of 26.2%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-14T04:58:59.417091+00:00", "snapshot": {"fetched_at": "2026-08-14T04:58:59.417091+00:00", "underlying_price": 6.02, "total_contracts": 152, "call_contracts": 76, "put_contracts": 76, "call_volume": 2835, "put_volume": 38, "call_open_interest": 16360, "put_open_interest": 5162, "put_call_volume_ratio": 0.01340388, "put_call_open_interest_ratio": 0.31552567, "volume_open_interest_ratio": 0.13349131, "avg_implied_volatility": 2.22702, "max_pain_strike": 5.0, "expected_move_percent": 26.1627907, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 6.02, "one_week_change": 16.666666666666668, "one_week_change_label": "+16.7%", "relative_strength": -52.760535, "fair_value_gap_label": "-76.5%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "26.2%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend conflict", "value": "0", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "volatility-expansion-bet", "label": "Volatility expansion bet", "tone": "warning", "confidence": 92, "confidence_label": "92/100", "summary": "The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.", "evidence": [{"label": "Notional split", "value": "C 99% / P 1%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.13", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "0/100", "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": "Volatility flow versus price", "tone": "warning", "score": 97.2, "score_label": "97/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+100"}, {"label": "1W price", "value": "+16.7%"}, {"label": "Call premium", "value": "99%"}, {"label": "Put premium", "value": "1%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 22-45 days \u00b7 ATM", "tone": "positive", "volume": 616, "open_interest": 541, "premium": 86240.0, "premium_label": "$86,240", "premium_share": 35.087219651121394, "weighted_strike": 6.0, "avg_iv": 1.67337, "max_voi": 1.13863216, "why": "calls cluster with 616 contracts traded, $86,240 estimated gross traded notional, and 35% of visible notional."}, {"label": "Calls \u00b7 0-7 days \u00b7 OTM", "tone": "positive", "volume": 1633, "open_interest": 5790, "premium": 65285.0, "premium_label": "$65,285", "premium_share": 26.56156232517927, "weighted_strike": 7.501530924678506, "avg_iv": 1.91402, "max_voi": 0.2992848, "why": "calls cluster with 1633 contracts traded, $65,285 estimated gross traded notional, and 27% of visible notional."}, {"label": "Calls \u00b7 0-7 days \u00b7 ITM", "tone": "positive", "volume": 458, "open_interest": 3518, "premium": 64345.0, "premium_label": "$64,345", "premium_share": 26.179118140670294, "weighted_strike": 4.994541484716157, "avg_iv": 0.88315, "max_voi": 0.2, "why": "calls cluster with 458 contracts traded, $64,345 estimated gross traded notional, and 26% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 73, "open_interest": 671, "premium": 13425.0, "premium_label": "$13,425", "premium_share": 5.462035294715964, "weighted_strike": 4.986301369863014, "avg_iv": 1.390454, "max_voi": 0.11042945, "why": "calls cluster with 73 contracts traded, $13,425 estimated gross traded notional, and 5% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 37, "open_interest": 1354, "premium": 11192.5, "premium_label": "$11,192", "premium_share": 4.553730356507145, "weighted_strike": 5.0, "avg_iv": 0.773885, "max_voi": 0.16157205, "why": "calls cluster with 37 contracts traded, $11,192 estimated gross traded notional, and 5% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $245,788 of estimated gross traded notional, calls \u00b7 22-45 days \u00b7 atm, and a volatility flow versus 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/7320283f-cf55-4a8f-8ca9-fdf3016e091d/", "research_links": {"chart": "/terminal/7320283f-cf55-4a8f-8ca9-fdf3016e091d/", "report": "/terminal/7320283f-cf55-4a8f-8ca9-fdf3016e091d/report/", "factor": "/factors/ticker/7320283f-cf55-4a8f-8ca9-fdf3016e091d/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}