{"latest_run": "2026-08-04T20:50:00.019969+00:00", "coverage_count": 6094, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "HSBC", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 44.71, "avg_conviction_label": "44.7", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "HSBC", "leader_score": "45", "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": "Financial Services", "count": 1, "avg_score": "44.71", "sector_label": "Financial Services", "industry_label": "", "sector_url": "/structure/us/financial-services/", "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": "HSBC", "name": "HSBC Holdings PLC ADR", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Financial Services", "industry": "Banks - Diversified", "sector_url": "https://sharemaestro.com/structure/us/financial-services/", "industry_url": "https://sharemaestro.com/structure/us/financial-services/banks-diversified/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 44.71, "options_pressure_score": -40.83, "trend_confirmation_score": 58.25, "speculation_score": 42.18, "volatility_score": 31.32, "edge_label": "Put-side pressure", "insight": "HSBC shows bearish options pressure with a 45/100 conviction score, put-call volume ratio of 1.90, expected move of 2.3%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-05T00:42:51.676461+00:00", "snapshot": {"fetched_at": "2026-08-05T00:42:51.676461+00:00", "underlying_price": 106.42, "total_contracts": 788, "call_contracts": 394, "put_contracts": 394, "call_volume": 2202, "put_volume": 4193, "call_open_interest": 24194, "put_open_interest": 43749, "put_call_volume_ratio": 1.90417802, "put_call_open_interest_ratio": 1.80825825, "volume_open_interest_ratio": 0.09412301, "avg_implied_volatility": 0.31853, "max_pain_strike": 108.0, "expected_move_percent": 2.25521519, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 106.42, "one_week_change": 2.920696324951644, "one_week_change_label": "+2.9%", "relative_strength": 23.157633, "fair_value_gap_label": "+96.4%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bearish pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "-1.5%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 76.2, "confidence_label": "76/100", "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 22% / P 78%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.09", "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": "Bearish flow against rising price", "tone": "warning", "score": 34.7, "score_label": "35/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-41"}, {"label": "1W price", "value": "+2.9%"}, {"label": "Call premium", "value": "22%"}, {"label": "Put premium", "value": "78%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 3041, "open_interest": 542, "premium": 1843005.0, "premium_label": "$1.8M", "premium_share": 65.92844654507081, "weighted_strike": 105.0, "avg_iv": 0.305115, "max_voi": 49.72131148, "why": "puts cluster with 3041 contracts traded, $1.8M estimated gross traded notional, and 66% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ATM", "tone": "positive", "volume": 682, "open_interest": 754, "premium": 293170.0, "premium_label": "$293,170", "premium_share": 10.487352271761829, "weighted_strike": 105.0, "avg_iv": 0.25064333333333333, "max_voi": 0.92391304, "why": "calls cluster with 682 contracts traded, $293,170 estimated gross traded notional, and 10% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 278, "open_interest": 23754, "premium": 161590.0, "premium_label": "$161,590", "premium_share": 5.780438836149653, "weighted_strike": 94.33453237410072, "avg_iv": 0.41353150684931506, "max_voi": 15.625, "why": "puts cluster with 278 contracts traded, $161,590 estimated gross traded notional, and 6% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 41, "open_interest": 11720, "premium": 92975.0, "premium_label": "$92,975", "premium_share": 3.3259254953339563, "weighted_strike": 89.51219512195122, "avg_iv": 0.14403782608695653, "max_voi": 0.05847953, "why": "calls cluster with 41 contracts traded, $92,975 estimated gross traded notional, and 3% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 93, "open_interest": 5084, "premium": 73340.0, "premium_label": "$73,340", "premium_share": 2.623537250097256, "weighted_strike": 99.78494623655914, "avg_iv": 0.23276, "max_voi": 0.16129032, "why": "calls cluster with 93 contracts traded, $73,340 estimated gross traded notional, and 3% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $2.8M of estimated gross traded notional, puts \u00b7 91+ days \u00b7 atm, 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/de8a8707-15dd-4cfc-bc60-3a21b824c217/", "research_links": {"chart": "/terminal/de8a8707-15dd-4cfc-bc60-3a21b824c217/", "report": "/terminal/de8a8707-15dd-4cfc-bc60-3a21b824c217/report/", "factor": "/factors/ticker/de8a8707-15dd-4cfc-bc60-3a21b824c217/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}