{"latest_run": "2026-08-03T20:50:00.024052+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "MKL", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 24.21, "avg_conviction_label": "24.2", "bullish": 0, "bearish": 0, "volatility": 0, "mixed": 1, "leader": "MKL", "leader_score": "24", "leader_direction": "mixed", "leader_direction_label": "Mixed", "leader_tone": "neutral", "leader_read": "The strongest current read is mixed, so the options tape is not giving a clean direction yet."}, "charts": {"sectors": [{"ticker__sector": "Financial Services", "count": 1, "avg_score": "24.21", "sector_label": "Financial Services", "industry_label": "", "sector_url": "/structure/us/financial-services/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "mixed", "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": "MKL", "name": "Markel Corporation", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Financial Services", "industry": "Insurance - Property & Casualty", "sector_url": "https://sharemaestro.com/structure/us/financial-services/", "industry_url": "https://sharemaestro.com/structure/us/financial-services/insurance-property-casualty/", "direction": "mixed", "direction_label": "Mixed", "tone": "neutral", "conviction_score": 24.21, "options_pressure_score": 14.87, "trend_confirmation_score": 47.15, "speculation_score": 13.54, "volatility_score": 27.26, "edge_label": "Options-market disagreement", "insight": "MKL shows mixed options pressure with a 24/100 conviction score, put-call volume ratio of 0.88, expected move of 3.4%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-04T04:45:38.614175+00:00", "snapshot": {"fetched_at": "2026-08-04T04:45:38.614175+00:00", "underlying_price": 1882.34, "total_contracts": 664, "call_contracts": 332, "put_contracts": 332, "call_volume": 16, "put_volume": 14, "call_open_interest": 714, "put_open_interest": 226, "put_call_volume_ratio": 0.875, "put_call_open_interest_ratio": 0.31652661, "volume_open_interest_ratio": 0.03191489, "avg_implied_volatility": 0.19292, "max_pain_strike": 1900.0, "expected_move_percent": 3.4398674, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 1882.34, "one_week_change": -5.632927257231664, "one_week_change_label": "-5.6%", "relative_strength": -12.270866, "fair_value_gap_label": "+7.8%", "trend_signal": "0"}, "premium_flags": [{"label": "Pin watch", "value": "-0.9%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}], "intent": {"slug": "likely-noise", "label": "Likely noise", "tone": "neutral", "confidence": 24.2, "confidence_label": "24/100", "summary": "Visible options activity is too thin or mixed to support a strong intent classification.", "evidence": [{"label": "Notional split", "value": "C 87% / P 13%", "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": "47/100", "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": "No clean flow/price divergence", "tone": "neutral", "score": 26.0, "score_label": "26/100", "summary": "The options read is mixed, so divergence is not strong enough to classify.", "metrics": [{"label": "Options pressure", "value": "+15"}, {"label": "1W price", "value": "-5.6%"}, {"label": "Call premium", "value": "87%"}, {"label": "Put premium", "value": "13%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 7, "open_interest": 20, "premium": 449200.0, "premium_label": "$449,200", "premium_share": 80.36137573236728, "weighted_strike": 1285.7142857142858, "avg_iv": 0.28418, "max_voi": 1.0, "why": "calls cluster with 7 contracts traded, $449,200 estimated gross traded notional, and 80% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 2, "open_interest": 9, "premium": 50285.0, "premium_label": "$50,285", "premium_share": 8.995930050538933, "weighted_strike": 2130.0, "avg_iv": 0.24483714285714286, "max_voi": 1.0, "why": "puts cluster with 2 contracts traded, $50,285 estimated gross traded notional, and 9% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ATM", "tone": "positive", "volume": 2, "open_interest": 17, "premium": 23965.0, "premium_label": "$23,965", "premium_share": 4.287311597119728, "weighted_strike": 1885.0, "avg_iv": 0.2148775, "max_voi": 0.0, "why": "calls cluster with 2 contracts traded, $23,965 estimated gross traded notional, and 4% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 OTM", "tone": "positive", "volume": 6, "open_interest": 13, "premium": 11755.0, "premium_label": "$11,755", "premium_share": 2.1029563039491928, "weighted_strike": 1971.6666666666667, "avg_iv": 0.16243375, "max_voi": 1.0, "why": "calls cluster with 6 contracts traded, $11,755 estimated gross traded notional, and 2% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 1, "open_interest": 8, "premium": 9785.0, "premium_label": "$9,785", "premium_share": 1.7505255154523904, "weighted_strike": 1900.0, "avg_iv": 0.21088545454545454, "max_voi": 0.5, "why": "puts cluster with 1 contracts traded, $9,785 estimated gross traded notional, and 2% of visible notional."}], "why_this_matters": "Likely noise matters because it connects the options headline to the actual evidence: $558,975 of estimated gross traded notional, calls \u00b7 91+ days \u00b7 itm, and a no clean flow/price divergence 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/4e5a70b9-b449-4828-a243-608960511876/", "research_links": {"chart": "/terminal/4e5a70b9-b449-4828-a243-608960511876/", "report": "/terminal/4e5a70b9-b449-4828-a243-608960511876/report/", "factor": "/factors/ticker/4e5a70b9-b449-4828-a243-608960511876/", "insider": "/insider-activity/company/mkl/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}