{"latest_run": "2026-08-13T20:30:00.029094+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": 33.7, "avg_conviction_label": "33.7", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "IBM", "leader_score": "34", "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": "33.70", "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": 33.7, "options_pressure_score": 39.4, "trend_confirmation_score": 18.61, "speculation_score": 42.04, "volatility_score": 30.66, "edge_label": "Call-side pressure", "insight": "IBM shows bullish options pressure with a 34/100 conviction score, put-call volume ratio of 0.47, expected move of 1.7%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-13T20:08:07.092497+00:00", "snapshot": {"fetched_at": "2026-08-13T20:08:07.092497+00:00", "underlying_price": 237.28, "total_contracts": 1846, "call_contracts": 1004, "put_contracts": 842, "call_volume": 45185, "put_volume": 21115, "call_open_interest": 432275, "put_open_interest": 320908, "put_call_volume_ratio": 0.4673011, "put_call_open_interest_ratio": 0.74237002, "volume_open_interest_ratio": 0.08802642, "avg_implied_volatility": 0.34281053, "max_pain_strike": 230.0, "expected_move_percent": 1.66680715, "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": "19", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "short-dated-otm-call-concentration", "label": "Short-dated OTM call concentration", "tone": "warning", "confidence": 94, "confidence_label": "94/100", "summary": "Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.", "evidence": [{"label": "Notional split", "value": "C 70% / P 30%", "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": "19/100", "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": 43.6, "score_label": "44/100", "summary": "Options pressure and weekly price action are pointing in the same constructive direction.", "metrics": [{"label": "Options pressure", "value": "+39"}, {"label": "1W price", "value": "+6.1%"}, {"label": "Call premium", "value": "70%"}, {"label": "Put premium", "value": "30%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 8841, "open_interest": 11585, "premium": 37216745.0, "premium_label": "$37.2M", "premium_share": 32.61862011590071, "weighted_strike": 195.53613844587716, "avg_iv": 0.9940507771428572, "max_voi": 1260.0, "why": "calls cluster with 8841 contracts traded, $37.2M estimated gross traded notional, and 33% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 1825, "open_interest": 620, "premium": 22561735.0, "premium_label": "$22.6M", "premium_share": 19.774235041796942, "weighted_strike": 116.0986301369863, "avg_iv": 0.6114388225, "max_voi": 30.66666667, "why": "calls cluster with 1825 contracts traded, $22.6M estimated gross traded notional, and 20% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 1267, "open_interest": 2782, "premium": 12260335.0, "premium_label": "$12.3M", "premium_share": 10.74557191550958, "weighted_strike": 316.76006314127864, "avg_iv": 0.28896959466666666, "max_voi": 6.66666667, "why": "puts cluster with 1267 contracts traded, $12.3M estimated gross traded notional, and 11% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 1448, "open_interest": 8813, "premium": 10292195.0, "premium_label": "$10.3M", "premium_share": 9.020595403057756, "weighted_strike": 167.86947513812154, "avg_iv": 0.7060147857142857, "max_voi": 187.5, "why": "calls cluster with 1448 contracts traded, $10.3M estimated gross traded notional, and 9% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 1975, "open_interest": 397, "premium": 8931047.5, "premium_label": "$8.9M", "premium_share": 7.827617531827803, "weighted_strike": 282.16962025316457, "avg_iv": 1.063739955, "max_voi": 5.83333333, "why": "puts cluster with 1975 contracts traded, $8.9M estimated gross traded notional, and 8% of visible notional."}], "why_this_matters": "Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $114.1M of estimated gross traded notional, calls \u00b7 8-21 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."}