{"latest_run": "2026-07-31T15:10:19.396751+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "MCHX", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 44.09, "avg_conviction_label": "44.1", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "MCHX", "leader_score": "44", "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": "Communication Services", "count": 1, "avg_score": "44.09", "sector_label": "Communication Services", "industry_label": "", "sector_url": "/structure/us/communication-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": "MCHX", "name": "Marchex Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Communication Services", "industry": "Advertising Agencies", "sector_url": "https://sharemaestro.com/structure/us/communication-services/", "industry_url": "https://sharemaestro.com/structure/us/communication-services/advertising-agencies/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 44.09, "options_pressure_score": -100.0, "trend_confirmation_score": 8.03, "speculation_score": 0.0, "volatility_score": 0.0, "edge_label": "Put-side pressure", "insight": "MCHX shows bearish options pressure with a 44/100 conviction score, put-call volume ratio of n/a, expected move of 0.0%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-31T14:34:56.107077+00:00", "snapshot": {"fetched_at": "2026-07-31T14:34:56.107077+00:00", "underlying_price": 1.8, "total_contracts": 1, "call_contracts": 0, "put_contracts": 1, "call_volume": 0, "put_volume": 1, "call_open_interest": 0, "put_open_interest": 0, "put_call_volume_ratio": null, "put_call_open_interest_ratio": null, "volume_open_interest_ratio": null, "avg_implied_volatility": 1e-05, "max_pain_strike": 2.5, "expected_move_percent": 0.0003664, "nearest_expiration": "2026-09-18"}, "market": {"latest_close": 1.8, "one_week_change": 0.0, "one_week_change_label": "+0.0%", "relative_strength": -3.239723, "fair_value_gap_label": "+8.3%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bearish pressure has repeated across recent market sessions."}, {"label": "Trend conflict", "value": "8", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 94, "confidence_label": "94/100", "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 0% / P 100%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "-", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "8/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "11 Aug", "detail": "Matched earnings event is 11 days away."}], "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": 45.0, "score_label": "45/100", "summary": "Put-side pressure is present before a decisive weekly price breakdown.", "metrics": [{"label": "Options pressure", "value": "-100"}, {"label": "1W price", "value": "+0.0%"}, {"label": "Call premium", "value": "0%"}, {"label": "Put premium", "value": "100%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 1, "open_interest": 0, "premium": 115.0, "premium_label": "$115", "premium_share": 100.0, "weighted_strike": 2.5, "avg_iv": 1e-05, "max_voi": 0.0, "why": "puts cluster with 1 contracts traded, $115 estimated gross traded notional, and 100% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $115 of estimated gross traded notional, puts \u00b7 46-90 days \u00b7 itm, 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/1ff60772-3a5a-48c2-9bda-c1ecf7adaf1c/", "research_links": {"chart": "/terminal/1ff60772-3a5a-48c2-9bda-c1ecf7adaf1c/", "report": "/terminal/1ff60772-3a5a-48c2-9bda-c1ecf7adaf1c/report/", "factor": "/factors/ticker/1ff60772-3a5a-48c2-9bda-c1ecf7adaf1c/", "insider": "/insider-activity/company/mchx/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}