{"latest_run": "2026-08-13T20:50:38.829406+00:00", "coverage_count": 6124, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "MBIN", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 42.87, "avg_conviction_label": "42.9", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "MBIN", "leader_score": "43", "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": "42.87", "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": "MBIN", "name": "Merchants Bancorp", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Financial Services", "industry": "Banks - Regional", "sector_url": "https://sharemaestro.com/structure/us/financial-services/", "industry_url": "https://sharemaestro.com/structure/us/financial-services/banks-regional/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 42.87, "options_pressure_score": -30.81, "trend_confirmation_score": 70.13, "speculation_score": 14.23, "volatility_score": 85.68, "edge_label": "Put-side pressure", "insight": "MBIN shows bearish options pressure with a 43/100 conviction score, put-call volume ratio of 1.99, expected move of 7.4%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-13T23:53:49.090876+00:00", "snapshot": {"fetched_at": "2026-08-13T23:53:49.090876+00:00", "underlying_price": 54.25, "total_contracts": 38, "call_contracts": 21, "put_contracts": 17, "call_volume": 71, "put_volume": 141, "call_open_interest": 435, "put_open_interest": 355, "put_call_volume_ratio": 1.98591549, "put_call_open_interest_ratio": 0.81609195, "volume_open_interest_ratio": 0.26835443, "avg_implied_volatility": 0.85126219, "max_pain_strike": 35.0, "expected_move_percent": 7.41935484, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 54.25, "one_week_change": -1.6853932584269662, "one_week_change_label": "-1.7%", "relative_strength": 19.020373, "fair_value_gap_label": "+42.0%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Bearish pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "7.4%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "70", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 64.2, "confidence_label": "64/100", "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 61% / P 39%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.27", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "70/100", "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 confirms price", "tone": "negative", "score": 21.5, "score_label": "21/100", "summary": "Options pressure and weekly price action are both cautionary.", "metrics": [{"label": "Options pressure", "value": "-31"}, {"label": "1W price", "value": "-1.7%"}, {"label": "Call premium", "value": "61%"}, {"label": "Put premium", "value": "39%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 12, "open_interest": 32, "premium": 17750.0, "premium_label": "$17,750", "premium_share": 27.33881649878323, "weighted_strike": 41.666666666666664, "avg_iv": 0.3618227885714286, "max_voi": 1.0, "why": "calls cluster with 12 contracts traded, $17,750 estimated gross traded notional, and 27% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 114, "open_interest": 281, "premium": 13562.5, "premium_label": "$13,562", "premium_share": 20.889166127591412, "weighted_strike": 35.39473684210526, "avg_iv": 0.7207066714285715, "max_voi": 0.80152672, "why": "puts cluster with 114 contracts traded, $13,562 estimated gross traded notional, and 21% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ATM", "tone": "positive", "volume": 36, "open_interest": 72, "premium": 9900.0, "premium_label": "$9,900", "premium_share": 15.24812863875797, "weighted_strike": 55.0, "avg_iv": 0.67529622, "max_voi": 0.5, "why": "calls cluster with 36 contracts traded, $9,900 estimated gross traded notional, and 15% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 7, "open_interest": 48, "premium": 7825.0, "premium_label": "$7,825", "premium_share": 12.05218248467486, "weighted_strike": 37.857142857142854, "avg_iv": 0.282235152, "max_voi": 1.0, "why": "calls cluster with 7 contracts traded, $7,825 estimated gross traded notional, and 12% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 4, "open_interest": 0, "premium": 4820.0, "premium_label": "$4,820", "premium_share": 7.423836367556911, "weighted_strike": 60.0, "avg_iv": 2.662601, "max_voi": 0.0, "why": "puts cluster with 4 contracts traded, $4,820 estimated gross traded notional, and 7% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $64,926 of estimated gross traded notional, calls \u00b7 91+ days \u00b7 itm, and a bearish 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/894259cf-af6e-4d0f-ae11-59bd269ae103/", "research_links": {"chart": "/terminal/894259cf-af6e-4d0f-ae11-59bd269ae103/", "report": "/terminal/894259cf-af6e-4d0f-ae11-59bd269ae103/report/", "factor": "/factors/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/", "insider": "/insider-activity/company/mbin/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}