{"latest_run": "2026-08-13T20:50:38.829406+00:00", "coverage_count": 6124, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "IBM", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 32.7, "avg_conviction_label": "32.7", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "IBM", "leader_score": "33", "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": "Technology", "count": 1, "avg_score": "32.70", "sector_label": "Technology", "industry_label": "", "sector_url": "/structure/us/technology/", "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": "IBM", "name": "International Business Machines", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Information Technology Services", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/information-technology-services/", "direction": "bullish", "direction_label": "Bullish", "tone": "positive", "conviction_score": 32.7, "options_pressure_score": 34.03, "trend_confirmation_score": 23.98, "speculation_score": 41.46, "volatility_score": 30.54, "edge_label": "Call-side pressure", "insight": "IBM shows bullish options pressure with a 33/100 conviction score, put-call volume ratio of 0.53, expected move of 1.6%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-14T02:23:50.390547+00:00", "snapshot": {"fetched_at": "2026-08-14T02:23:50.390547+00:00", "underlying_price": 237.28, "total_contracts": 2000, "call_contracts": 1000, "put_contracts": 1000, "call_volume": 29995, "put_volume": 15819, "call_open_interest": 417300, "put_open_interest": 310069, "put_call_volume_ratio": 0.5273879, "put_call_open_interest_ratio": 0.74303618, "volume_open_interest_ratio": 0.06298591, "avg_implied_volatility": 0.3453575, "max_pain_strike": 230.0, "expected_move_percent": 1.5909474, "nearest_expiration": "2026-08-14"}, "market": {"latest_close": 237.28, "one_week_change": 6.094343840822714, "one_week_change_label": "+6.1%", "relative_strength": -20.642025, "fair_value_gap_label": "+8.8%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "6x", "detail": "Bullish pressure has repeated across recent market sessions."}, {"label": "Trend conflict", "value": "24", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 69.3, "confidence_label": "69/100", "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 34% / P 66%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.06", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "24/100", "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": "Bullish flow confirms price", "tone": "positive", "score": 41.1, "score_label": "41/100", "summary": "Options pressure and weekly price action are pointing in the same constructive direction.", "metrics": [{"label": "Options pressure", "value": "+34"}, {"label": "1W price", "value": "+6.1%"}, {"label": "Call premium", "value": "34%"}, {"label": "Put premium", "value": "66%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 0-7 days \u00b7 ITM", "tone": "negative", "volume": 2662, "open_interest": 3314, "premium": 17591772.5, "premium_label": "$17.6M", "premium_share": 42.111013987060225, "weighted_strike": 302.5770097670924, "avg_iv": 2.1526320833333332, "max_voi": 5.83333333, "why": "puts cluster with 2662 contracts traded, $17.6M estimated gross traded notional, and 42% of visible notional."}, {"label": "Calls \u00b7 0-7 days \u00b7 ITM", "tone": "positive", "volume": 876, "open_interest": 14000, "premium": 5468422.5, "premium_label": "$5.5M", "premium_share": 13.09025661766913, "weighted_strike": 175.04280821917808, "avg_iv": 0.13194923076923076, "max_voi": 15.3, "why": "calls cluster with 876 contracts traded, $5.5M estimated gross traded notional, and 13% of visible notional."}, {"label": "Puts \u00b7 22-45 days \u00b7 ITM", "tone": "negative", "volume": 516, "open_interest": 123, "premium": 3305790.0, "premium_label": "$3.3M", "premium_share": 7.91336796381853, "weighted_strike": 300.69767441860466, "avg_iv": 0.54657, "max_voi": 4.36363636, "why": "puts cluster with 516 contracts traded, $3.3M estimated gross traded notional, and 8% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 1876, "open_interest": 36782, "premium": 2437981.0, "premium_label": "$2.4M", "premium_share": 5.836015216271531, "weighted_strike": 188.66204690831557, "avg_iv": 0.4504375, "max_voi": 3.64705882, "why": "puts cluster with 1876 contracts traded, $2.4M estimated gross traded notional, and 6% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 239, "open_interest": 3895, "premium": 1820080.0, "premium_label": "$1.8M", "premium_share": 4.3568898095725475, "weighted_strike": 291.0460251046025, "avg_iv": 0.44804, "max_voi": 0.74264706, "why": "puts cluster with 239 contracts traded, $1.8M 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: $41.8M of estimated gross traded notional, puts \u00b7 0-7 days \u00b7 itm, 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/3bea682f-428f-4d25-96bc-c9a20d8e8d24/", "research_links": {"chart": "/terminal/3bea682f-428f-4d25-96bc-c9a20d8e8d24/", "report": "/terminal/3bea682f-428f-4d25-96bc-c9a20d8e8d24/report/", "factor": "/factors/ticker/3bea682f-428f-4d25-96bc-c9a20d8e8d24/", "insider": "/insider-activity/company/ibm/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}