{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "PAX", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 28.7, "avg_conviction_label": "28.7", "bullish": 0, "bearish": 0, "volatility": 0, "mixed": 1, "leader": "PAX", "leader_score": "29", "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": "28.70", "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": "PAX", "name": "Patria Investments Ltd", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Financial Services", "industry": "Asset Management", "sector_url": "https://sharemaestro.com/structure/us/financial-services/", "industry_url": "https://sharemaestro.com/structure/us/financial-services/asset-management/", "direction": "mixed", "direction_label": "Mixed", "tone": "neutral", "conviction_score": 28.7, "options_pressure_score": 15.96, "trend_confirmation_score": 50.01, "speculation_score": 0.51, "volatility_score": 88.85, "edge_label": "Options-market disagreement", "insight": "PAX shows mixed options pressure with a 29/100 conviction score, put-call volume ratio of 0.75, expected move of 16.4%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-07-31T06:18:38.735690+00:00", "snapshot": {"fetched_at": "2026-07-31T06:18:38.735690+00:00", "underlying_price": 10.8, "total_contracts": 72, "call_contracts": 36, "put_contracts": 36, "call_volume": 8, "put_volume": 6, "call_open_interest": 830, "put_open_interest": 714, "put_call_volume_ratio": 0.75, "put_call_open_interest_ratio": 0.86024096, "volume_open_interest_ratio": 0.00906736, "avg_implied_volatility": 0.69778875, "max_pain_strike": 12.5, "expected_move_percent": 16.43518519, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 10.8, "one_week_change": -1.9073569482288828, "one_week_change_label": "-1.9%", "relative_strength": -25.61438, "fair_value_gap_label": "-11.8%", "trend_signal": "0"}, "premium_flags": [{"label": "Priced move", "value": "16.4%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 83.2, "confidence_label": "83/100", "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 27% / P 73%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.01", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "50/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "6 Aug", "detail": "Matched earnings event is 6 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": "No clean flow/price divergence", "tone": "neutral", "score": 13.0, "score_label": "13/100", "summary": "The options read is mixed, so divergence is not strong enough to classify.", "metrics": [{"label": "Options pressure", "value": "+16"}, {"label": "1W price", "value": "-1.9%"}, {"label": "Call premium", "value": "27%"}, {"label": "Put premium", "value": "73%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 46-90 days \u00b7 OTM", "tone": "negative", "volume": 5, "open_interest": 223, "premium": 237.5, "premium_label": "$238", "premium_share": 67.37588652482269, "weighted_strike": 10.0, "avg_iv": 0.78437125, "max_voi": 0.02252252, "why": "puts cluster with 5 contracts traded, $238 estimated gross traded notional, and 67% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 5, "open_interest": 136, "premium": 50.0, "premium_label": "$50", "premium_share": 14.184397163120567, "weighted_strike": 12.5, "avg_iv": 0.777786, "max_voi": 0.03759398, "why": "calls cluster with 5 contracts traded, $50 estimated gross traded notional, and 14% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 2, "open_interest": 204, "premium": 25.0, "premium_label": "$25", "premium_share": 7.092198581560283, "weighted_strike": 15.0, "avg_iv": 0.344626, "max_voi": 0.0137931, "why": "calls cluster with 2 contracts traded, $25 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 1, "open_interest": 426, "premium": 20.0, "premium_label": "$20", "premium_share": 5.673758865248227, "weighted_strike": 12.5, "avg_iv": 0.469501, "max_voi": 0.00393701, "why": "calls cluster with 1 contracts traded, $20 estimated gross traded notional, and 6% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 OTM", "tone": "negative", "volume": 1, "open_interest": 264, "premium": 20.0, "premium_label": "$20", "premium_share": 5.673758865248227, "weighted_strike": 10.0, "avg_iv": 1.317285, "max_voi": 0.00378788, "why": "puts cluster with 1 contracts traded, $20 estimated gross traded notional, and 6% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $352 of estimated gross traded notional, puts \u00b7 46-90 days \u00b7 otm, 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/47f878ab-4ec7-4cda-b566-eb9dd73b62c6/", "research_links": {"chart": "/terminal/47f878ab-4ec7-4cda-b566-eb9dd73b62c6/", "report": "/terminal/47f878ab-4ec7-4cda-b566-eb9dd73b62c6/report/", "factor": "/factors/ticker/47f878ab-4ec7-4cda-b566-eb9dd73b62c6/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}