{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "LUV", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 47.12, "avg_conviction_label": "47.1", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "LUV", "leader_score": "47", "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": "Industrials", "count": 1, "avg_score": "47.12", "sector_label": "Industrials", "industry_label": "", "sector_url": "/structure/us/industrials/", "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": "LUV", "name": "Southwest Airlines Company", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Industrials", "industry": "Airlines", "sector_url": "https://sharemaestro.com/structure/us/industrials/", "industry_url": "https://sharemaestro.com/structure/us/industrials/airlines/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 47.12, "options_pressure_score": -35.61, "trend_confirmation_score": 71.76, "speculation_score": 40.69, "volatility_score": 45.59, "edge_label": "Put-side pressure", "insight": "LUV shows bearish options pressure with a 47/100 conviction score, put-call volume ratio of 2.29, expected move of 4.4%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-02T01:33:48.642508+00:00", "snapshot": {"fetched_at": "2026-08-02T01:33:48.642508+00:00", "underlying_price": 44.97, "total_contracts": 684, "call_contracts": 342, "put_contracts": 342, "call_volume": 1961, "put_volume": 4495, "call_open_interest": 128020, "put_open_interest": 89169, "put_call_volume_ratio": 2.29219786, "put_call_open_interest_ratio": 0.69652398, "volume_open_interest_ratio": 0.02972526, "avg_implied_volatility": 0.397795, "max_pain_strike": 47.0, "expected_move_percent": 4.43629086, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 44.97, "one_week_change": -0.2440106477373558, "one_week_change_label": "-0.2%", "relative_strength": 4.740154, "fair_value_gap_label": "+39.4%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bearish pressure has repeated across recent market sessions."}, {"label": "Trend agreement", "value": "72", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 73.0, "confidence_label": "73/100", "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 31% / P 69%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.03", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "72/100", "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 before price confirmation", "tone": "negative", "score": 24.1, "score_label": "24/100", "summary": "Put-side pressure is present before a decisive weekly price breakdown.", "metrics": [{"label": "Options pressure", "value": "-36"}, {"label": "1W price", "value": "-0.2%"}, {"label": "Call premium", "value": "31%"}, {"label": "Put premium", "value": "69%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 46-90 days \u00b7 ATM", "tone": "negative", "volume": 1072, "open_interest": 2543, "premium": 288904.0, "premium_label": "$288904", "premium_share": 30.161181040791675, "weighted_strike": 45.0, "avg_iv": 0.42462, "max_voi": 0.42154935, "why": "puts cluster with 1072 contracts traded, $288904 estimated gross traded notional, and 30% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 1095, "open_interest": 46646, "premium": 176939.0, "premium_label": "$176939", "premium_share": 18.47218872766261, "weighted_strike": 47.87671232876713, "avg_iv": 0.42551181818181816, "max_voi": 0.29184798, "why": "calls cluster with 1095 contracts traded, $176939 estimated gross traded notional, and 18% of visible notional."}, {"label": "Puts \u00b7 0-7 days \u00b7 ATM", "tone": "negative", "volume": 1766, "open_interest": 419, "premium": 113897.0, "premium_label": "$113897", "premium_share": 11.890690461201816, "weighted_strike": 44.0515288788222, "avg_iv": 0.4173075, "max_voi": 15.73394495, "why": "puts cluster with 1766 contracts traded, $113897 estimated gross traded notional, and 12% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ATM", "tone": "negative", "volume": 729, "open_interest": 1993, "premium": 109883.0, "premium_label": "$109883", "premium_share": 11.471634370951291, "weighted_strike": 44.78257887517147, "avg_iv": 0.434381, "max_voi": 3.91025641, "why": "puts cluster with 729 contracts traded, $109883 estimated gross traded notional, and 11% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 185, "open_interest": 35741, "premium": 58954.5, "premium_label": "$58954", "premium_share": 6.154768877098804, "weighted_strike": 54.945945945945944, "avg_iv": 0.41797204545454547, "max_voi": 6.1, "why": "calls cluster with 185 contracts traded, $58954 estimated gross traded notional, and 6% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $957867 of estimated gross traded notional, puts \u00b7 46-90 days \u00b7 atm, and a bearish flow before price confirmation 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/45964d19-9bd0-486c-a778-6a75b22ff8ab/", "research_links": {"chart": "/terminal/45964d19-9bd0-486c-a778-6a75b22ff8ab/", "report": "/terminal/45964d19-9bd0-486c-a778-6a75b22ff8ab/report/", "factor": "/factors/ticker/45964d19-9bd0-486c-a778-6a75b22ff8ab/", "insider": "/insider-activity/company/luv/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}