{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "ON", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 48.86, "avg_conviction_label": "48.9", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "ON", "leader_score": "49", "leader_direction": "volatility", "leader_direction_label": "Volatility", "leader_tone": "warning", "leader_read": "The strongest current read is about a larger expected move, not a clean up-or-down direction."}, "charts": {"sectors": [{"ticker__sector": "Technology", "count": 1, "avg_score": "48.86", "sector_label": "Technology", "industry_label": "", "sector_url": "/structure/us/technology/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "volatility", "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": "ON", "name": "ON Semiconductor Corporation", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Semiconductors", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/semiconductors/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 48.86, "options_pressure_score": -18.47, "trend_confirmation_score": 86.69, "speculation_score": 40.74, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "ON shows volatility options pressure with a 49/100 conviction score, put-call volume ratio of 1.48, expected move of 12.8%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-01T10:24:23.108937+00:00", "snapshot": {"fetched_at": "2026-08-01T10:24:23.108937+00:00", "underlying_price": 81.61, "total_contracts": 1364, "call_contracts": 682, "put_contracts": 682, "call_volume": 3529, "put_volume": 5224, "call_open_interest": 142938, "put_open_interest": 132267, "put_call_volume_ratio": 1.48030604, "put_call_open_interest_ratio": 0.92534525, "volume_open_interest_ratio": 0.03180538, "avg_implied_volatility": 1.14290125, "max_pain_strike": 85.0, "expected_move_percent": 12.80480333, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 81.61, "one_week_change": -5.99009330722267, "one_week_change_label": "-6.0%", "relative_strength": 9.449618, "fair_value_gap_label": "+19.6%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "12.8%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "87", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 91.0, "confidence_label": "91/100", "summary": "Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.", "evidence": [{"label": "Notional split", "value": "C 46% / P 54%", "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": "87/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "3 Aug", "detail": "Matched earnings event is 2 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": "Volatility flow versus price", "tone": "warning", "score": 33.6, "score_label": "34/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "-18"}, {"label": "1W price", "value": "-6.0%"}, {"label": "Call premium", "value": "46%"}, {"label": "Put premium", "value": "54%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 1002, "open_interest": 9866, "premium": 1305980.0, "premium_label": "$1.3M", "premium_share": 25.4844634594323, "weighted_strike": 85.27445109780439, "avg_iv": 0.7758344444444445, "max_voi": 0.40452908, "why": "puts cluster with 1002 contracts traded, $1.3M estimated gross traded notional, and 25% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 1055, "open_interest": 27282, "premium": 880761.5, "premium_label": "$880762", "premium_share": 17.18688974044379, "weighted_strike": 87.57345971563981, "avg_iv": 0.8035615789473685, "max_voi": 0.14910991, "why": "calls cluster with 1055 contracts traded, $880762 estimated gross traded notional, and 17% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 350, "open_interest": 23824, "premium": 494146.5, "premium_label": "$494146", "premium_share": 9.64261200237091, "weighted_strike": 111.38571428571429, "avg_iv": 0.7528388095238095, "max_voi": 15.28571429, "why": "calls cluster with 350 contracts traded, $494146 estimated gross traded notional, and 10% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ATM", "tone": "negative", "volume": 324, "open_interest": 4703, "premium": 326297.5, "premium_label": "$326298", "premium_share": 6.367261914925275, "weighted_strike": 80.0, "avg_iv": 0.80998, "max_voi": 0.21105991, "why": "puts cluster with 324 contracts traded, $326298 estimated gross traded notional, and 6% of visible notional."}, {"label": "Puts \u00b7 0-7 days \u00b7 ITM", "tone": "negative", "volume": 298, "open_interest": 906, "premium": 229210.0, "premium_label": "$229210", "premium_share": 4.472728425807805, "weighted_strike": 86.01677852348993, "avg_iv": 0.7116083333333333, "max_voi": 0.62886598, "why": "puts cluster with 298 contracts traded, $229210 estimated gross traded notional, and 4% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $5.1M of estimated gross traded notional, puts \u00b7 46-90 days \u00b7 itm, and a volatility flow versus 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/98be6786-a180-4de2-af82-a45163d511f5/", "research_links": {"chart": "/terminal/98be6786-a180-4de2-af82-a45163d511f5/", "report": "/terminal/98be6786-a180-4de2-af82-a45163d511f5/report/", "factor": "/factors/ticker/98be6786-a180-4de2-af82-a45163d511f5/", "insider": "/insider-activity/company/on/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}