{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "PEN", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 53.09, "avg_conviction_label": "53.1", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "PEN", "leader_score": "53", "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": "Healthcare", "count": 1, "avg_score": "53.09", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "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": "PEN", "name": "Penumbra Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Medical Devices", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/medical-devices/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 53.09, "options_pressure_score": -83.43, "trend_confirmation_score": 53.66, "speculation_score": 8.14, "volatility_score": 23.11, "edge_label": "Put-side pressure", "insight": "PEN shows bearish options pressure with a 53/100 conviction score, put-call volume ratio of 6.00, expected move of 3.3%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-03T06:18:53.179358+00:00", "snapshot": {"fetched_at": "2026-08-03T06:18:53.179358+00:00", "underlying_price": 321.19, "total_contracts": 714, "call_contracts": 357, "put_contracts": 357, "call_volume": 10, "put_volume": 60, "call_open_interest": 3643, "put_open_interest": 8307, "put_call_volume_ratio": 6.0, "put_call_open_interest_ratio": 2.28026352, "volume_open_interest_ratio": 0.00585774, "avg_implied_volatility": 0.1392675, "max_pain_strike": 350.0, "expected_move_percent": 3.34051168, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 321.19, "one_week_change": 0.7718131333730743, "one_week_change_label": "+0.8%", "relative_strength": -3.536186, "fair_value_gap_label": "+24.3%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Bearish pressure has repeated across recent market sessions."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 94, "confidence_label": "94/100", "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 2% / P 98%", "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": "54/100", "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": "Bearish flow against rising price", "tone": "warning", "score": 41.3, "score_label": "41/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-83"}, {"label": "1W price", "value": "+0.8%"}, {"label": "Call premium", "value": "2%"}, {"label": "Put premium", "value": "98%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 48, "open_interest": 5256, "premium": 294120.0, "premium_label": "$294120", "premium_share": 66.78853250070962, "weighted_strike": 232.08333333333334, "avg_iv": 1.174335138888889, "max_voi": 1.0, "why": "puts cluster with 48 contracts traded, $294120 estimated gross traded notional, and 67% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 5, "open_interest": 1479, "premium": 100435.0, "premium_label": "$100435", "premium_share": 22.80669883621913, "weighted_strike": 378.0, "avg_iv": 1.8110611320754717, "max_voi": 0.08333333, "why": "puts cluster with 5 contracts traded, $100435 estimated gross traded notional, and 23% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 5, "open_interest": 707, "premium": 17300.0, "premium_label": "$17300", "premium_share": 3.9284700539313087, "weighted_strike": 330.0, "avg_iv": 1.361511, "max_voi": 1.0, "why": "puts cluster with 5 contracts traded, $17300 estimated gross traded notional, and 4% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 1, "open_interest": 213, "premium": 13660.0, "premium_label": "$13660", "premium_share": 3.101901788248652, "weighted_strike": 320.0, "avg_iv": 1.6245966666666667, "max_voi": 0.0106383, "why": "puts cluster with 1 contracts traded, $13660 estimated gross traded notional, and 3% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ATM", "tone": "positive", "volume": 3, "open_interest": 28, "premium": 6270.0, "premium_label": "$6270", "premium_share": 1.4237865455577632, "weighted_strike": 320.0, "avg_iv": 0.077316, "max_voi": 0.21428571, "why": "calls cluster with 3 contracts traded, $6270 estimated gross traded notional, and 1% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $440375 of estimated gross traded notional, puts \u00b7 91+ days \u00b7 otm, 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/cdf0202f-e6be-45e8-bbcd-3bd230934532/", "research_links": {"chart": "/terminal/cdf0202f-e6be-45e8-bbcd-3bd230934532/", "report": "/terminal/cdf0202f-e6be-45e8-bbcd-3bd230934532/report/", "factor": "/factors/ticker/cdf0202f-e6be-45e8-bbcd-3bd230934532/", "insider": "/insider-activity/company/pen/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}