{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "PBR", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 42.39, "avg_conviction_label": "42.4", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "PBR", "leader_score": "42", "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": "Energy", "count": 1, "avg_score": "42.39", "sector_label": "Energy", "industry_label": "", "sector_url": "/structure/us/energy/", "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": "PBR", "name": "Petroleo Brasileiro Petrobras SA ADR", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Energy", "industry": "Oil & Gas Integrated", "sector_url": "https://sharemaestro.com/structure/us/energy/", "industry_url": "https://sharemaestro.com/structure/us/energy/oil-gas-integrated/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 42.39, "options_pressure_score": -18.25, "trend_confirmation_score": 84.11, "speculation_score": 40.88, "volatility_score": 38.6, "edge_label": "Put-side pressure", "insight": "PBR shows bearish options pressure with a 42/100 conviction score, put-call volume ratio of 1.43, expected move of 1.7%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-30T19:37:06.790025+00:00", "snapshot": {"fetched_at": "2026-07-30T19:37:06.790025+00:00", "underlying_price": 18.77, "total_contracts": 549, "call_contracts": 295, "put_contracts": 254, "call_volume": 30616, "put_volume": 43903, "call_open_interest": 962790, "put_open_interest": 996315, "put_call_volume_ratio": 1.43398876, "put_call_open_interest_ratio": 1.03482068, "volume_open_interest_ratio": 0.03803727, "avg_implied_volatility": 0.45557185, "max_pain_strike": 18.0, "expected_move_percent": 1.67820991, "nearest_expiration": "2026-07-31"}, "market": {"latest_close": 18.77, "one_week_change": 4.451864218141346, "one_week_change_label": "+4.5%", "relative_strength": 15.876339, "fair_value_gap_label": "+42.0%", "trend_signal": "1"}, "premium_flags": [{"label": "Trend agreement", "value": "84", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 64.0, "confidence_label": "64/100", "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 43% / P 57%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.04", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "84/100", "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": "Bearish flow against rising price", "tone": "warning", "score": 28.9, "score_label": "29/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-18"}, {"label": "1W price", "value": "+4.5%"}, {"label": "Call premium", "value": "43%"}, {"label": "Put premium", "value": "57%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 1659, "open_interest": 28862, "premium": 1392540.5, "premium_label": "$1.4M", "premium_share": 27.859892324897917, "weighted_strike": 25.572634116937916, "avg_iv": 0.4974955736, "max_voi": 11.0, "why": "puts cluster with 1659 contracts traded, $1.4M estimated gross traded notional, and 28% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 8530, "open_interest": 313053, "premium": 654908.0, "premium_label": "$654908", "premium_share": 13.102431392634, "weighted_strike": 22.809730363423213, "avg_iv": 0.37526603794871793, "max_voi": 1.05343828, "why": "calls cluster with 8530 contracts traded, $654908 estimated gross traded notional, and 13% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 12028, "open_interest": 104325, "premium": 541991.0, "premium_label": "$541991", "premium_share": 10.843354933708389, "weighted_strike": 20.232707016960426, "avg_iv": 0.36951314125, "max_voi": 0.23664521, "why": "calls cluster with 12028 contracts traded, $541991 estimated gross traded notional, and 11% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 1005, "open_interest": 544, "premium": 501850.0, "premium_label": "$501850", "premium_share": 10.040273129040067, "weighted_strike": 22.99502487562189, "avg_iv": 0.9884485433333333, "max_voi": 0.01736111, "why": "puts cluster with 1005 contracts traded, $501850 estimated gross traded notional, and 10% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 549, "open_interest": 84878, "premium": 345589.5, "premium_label": "$345590", "premium_share": 6.914043978336938, "weighted_strike": 12.998178506375227, "avg_iv": 0.6028977147222222, "max_voi": 1.0, "why": "calls cluster with 549 contracts traded, $345590 estimated gross traded notional, and 7% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $5.0M of estimated gross traded notional, puts \u00b7 91+ days \u00b7 itm, and a bearish flow against rising 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/d70a1757-b55b-4012-bb01-65975d036d0d/", "research_links": {"chart": "/terminal/d70a1757-b55b-4012-bb01-65975d036d0d/", "report": "/terminal/d70a1757-b55b-4012-bb01-65975d036d0d/report/", "factor": "/factors/ticker/d70a1757-b55b-4012-bb01-65975d036d0d/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}