{"latest_run": "2026-08-03T12:23:20.680773+00:00", "coverage_count": 6118, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "MRK", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 42.54, "avg_conviction_label": "42.5", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "MRK", "leader_score": "43", "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": "Healthcare", "count": 1, "avg_score": "42.54", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "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": 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": "MRK", "name": "Merck & Company Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Drug Manufacturers - General", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/drug-manufacturers-general/", "direction": "bullish", "direction_label": "Bullish", "tone": "positive", "conviction_score": 42.54, "options_pressure_score": 21.37, "trend_confirmation_score": 75.41, "speculation_score": 40.45, "volatility_score": 50.61, "edge_label": "Call-side pressure", "insight": "MRK shows bullish options pressure with a 43/100 conviction score, put-call volume ratio of 0.68, expected move of 4.9%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-02T23:00:47.052204+00:00", "snapshot": {"fetched_at": "2026-08-02T23:00:47.052204+00:00", "underlying_price": 130.2, "total_contracts": 1082, "call_contracts": 541, "put_contracts": 541, "call_volume": 4893, "put_volume": 3317, "call_open_interest": 233725, "put_open_interest": 191429, "put_call_volume_ratio": 0.67790721, "put_call_open_interest_ratio": 0.81903519, "volume_open_interest_ratio": 0.01931065, "avg_implied_volatility": 0.4416975, "max_pain_strike": 128.0, "expected_move_percent": 4.92319508, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 130.2, "one_week_change": -0.6637674525062943, "one_week_change_label": "-0.7%", "relative_strength": 13.95836, "fair_value_gap_label": "+28.5%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bullish pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+1.7%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Trend agreement", "value": "75", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "call-heavy-activity-with-trend-alignment", "label": "Call-heavy activity with trend alignment", "tone": "positive", "confidence": 82.9, "confidence_label": "83/100", "summary": "Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.", "evidence": [{"label": "Notional split", "value": "C 66% / P 34%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.02", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "75/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "4 Aug", "detail": "Matched earnings event is 1 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": "Bullish flow against weak price", "tone": "warning", "score": 18.9, "score_label": "19/100", "summary": "Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.", "metrics": [{"label": "Options pressure", "value": "+21"}, {"label": "1W price", "value": "-0.7%"}, {"label": "Call premium", "value": "66%"}, {"label": "Put premium", "value": "34%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 22-45 days \u00b7 ATM", "tone": "positive", "volume": 742, "open_interest": 276, "premium": 350430.0, "premium_label": "$350,430", "premium_share": 11.239526389457303, "weighted_strike": 131.1522911051213, "avg_iv": 0.31975, "max_voi": 37.81818182, "why": "calls cluster with 742 contracts traded, $350,430 estimated gross traded notional, and 11% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 776, "open_interest": 79520, "premium": 344556.0, "premium_label": "$344,556", "premium_share": 11.051126486447652, "weighted_strike": 107.1971649484536, "avg_iv": 0.3800575, "max_voi": 0.10676157, "why": "puts cluster with 776 contracts traded, $344,556 estimated gross traded notional, and 11% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ATM", "tone": "positive", "volume": 676, "open_interest": 7005, "premium": 294079.0, "premium_label": "$294,079", "premium_share": 9.432151017564747, "weighted_strike": 130.1612426035503, "avg_iv": 0.36202416666666665, "max_voi": 0.65151515, "why": "calls cluster with 676 contracts traded, $294,079 estimated gross traded notional, and 9% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 941, "open_interest": 27775, "premium": 235312.0, "premium_label": "$235,312", "premium_share": 7.547286002214356, "weighted_strike": 141.96599362380445, "avg_iv": 0.28966833333333336, "max_voi": 0.1455458, "why": "calls cluster with 941 contracts traded, $235,312 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 0-7 days \u00b7 ATM", "tone": "positive", "volume": 851, "open_interest": 1051, "premium": 233045.0, "premium_label": "$233,045", "premium_share": 7.474575314416795, "weighted_strike": 131.44535840188013, "avg_iv": 0.4580742857142857, "max_voi": 2.85628743, "why": "calls cluster with 851 contracts traded, $233,045 estimated gross traded notional, and 7% of visible notional."}], "why_this_matters": "Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $3.1M of estimated gross traded notional, calls \u00b7 22-45 days \u00b7 atm, and a bullish flow against weak 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/f6db1008-c56f-44d2-9216-b4268cb66ffa/", "research_links": {"chart": "/terminal/f6db1008-c56f-44d2-9216-b4268cb66ffa/", "report": "/terminal/f6db1008-c56f-44d2-9216-b4268cb66ffa/report/", "factor": "/factors/ticker/f6db1008-c56f-44d2-9216-b4268cb66ffa/", "insider": "/insider-activity/company/mrk/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}