{"latest_run": "2026-08-13T20:50:38.829406+00:00", "coverage_count": 6124, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "PMT", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 48.09, "avg_conviction_label": "48.1", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "PMT", "leader_score": "48", "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": "Real Estate", "count": 1, "avg_score": "48.09", "sector_label": "Real Estate", "industry_label": "", "sector_url": "/structure/us/real-estate/", "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": "PMT", "name": "PennyMac Mortgage Investment Trust", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Real Estate", "industry": "Reit - Mortgage", "sector_url": "https://sharemaestro.com/structure/us/real-estate/", "industry_url": "https://sharemaestro.com/structure/us/real-estate/reit-mortgage/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 48.09, "options_pressure_score": -22.23, "trend_confirmation_score": 90.7, "speculation_score": 32.59, "volatility_score": 80.04, "edge_label": "Volatility expansion watch", "insight": "PMT shows volatility options pressure with a 48/100 conviction score, put-call volume ratio of 1.42, expected move of 6.0%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-14T00:15:17.592761+00:00", "snapshot": {"fetched_at": "2026-08-14T00:15:17.592761+00:00", "underlying_price": 9.65, "total_contracts": 59, "call_contracts": 32, "put_contracts": 27, "call_volume": 261, "put_volume": 370, "call_open_interest": 10237, "put_open_interest": 14461, "put_call_volume_ratio": 1.41762452, "put_call_open_interest_ratio": 1.41262089, "volume_open_interest_ratio": 0.02554863, "avg_implied_volatility": 1.67334295, "max_pain_strike": 10.0, "expected_move_percent": 6.01036269, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 9.65, "one_week_change": 2.3329798515376456, "one_week_change_label": "+2.3%", "relative_strength": -20.054556, "fair_value_gap_label": "-7.7%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "6.0%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "91", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "volatility-expansion-bet", "label": "Volatility expansion bet", "tone": "warning", "confidence": 83.7, "confidence_label": "84/100", "summary": "The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.", "evidence": [{"label": "Notional split", "value": "C 39% / P 61%", "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": "91/100", "detail": "Agreement between options pressure and Sharemaestro market context."}], "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": 22.9, "score_label": "23/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "-22"}, {"label": "1W price", "value": "+2.3%"}, {"label": "Call premium", "value": "39%"}, {"label": "Put premium", "value": "61%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 130, "open_interest": 2833, "premium": 37600.0, "premium_label": "$37,600", "premium_share": 31.25129867431326, "weighted_strike": 12.115384615384615, "avg_iv": 0.56152782, "max_voi": 0.30470914, "why": "puts cluster with 130 contracts traded, $37,600 estimated gross traded notional, and 31% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 65, "open_interest": 3026, "premium": 29717.5, "premium_label": "$29,718", "premium_share": 24.69974649877405, "weighted_strike": 13.653846153846153, "avg_iv": 1.0480013, "max_voi": 0.25, "why": "puts cluster with 65 contracts traded, $29,718 estimated gross traded notional, and 25% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 117, "open_interest": 119, "premium": 26325.0, "premium_label": "$26,325", "premium_share": 21.88006482982172, "weighted_strike": 7.329059829059829, "avg_iv": 1.5703149, "max_voi": 1.5, "why": "calls cluster with 117 contracts traded, $26,325 estimated gross traded notional, and 22% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 35, "open_interest": 251, "premium": 10142.5, "premium_label": "$10,142", "premium_share": 8.429954702239954, "weighted_strike": 6.714285714285714, "avg_iv": 0.8820019483333333, "max_voi": 2.0, "why": "calls cluster with 35 contracts traded, $10,142 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 0-7 days \u00b7 ITM", "tone": "positive", "volume": 15, "open_interest": 15, "premium": 8095.0, "premium_label": "$8,095", "premium_share": 6.728171882142709, "weighted_strike": 4.166666666666667, "avg_iv": 3.1822947933333334, "max_voi": 4.0, "why": "calls cluster with 15 contracts traded, $8,095 estimated gross traded notional, and 7% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $120,315 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/a9767e07-b07b-4e60-933f-d0f2c28102d6/", "research_links": {"chart": "/terminal/a9767e07-b07b-4e60-933f-d0f2c28102d6/", "report": "/terminal/a9767e07-b07b-4e60-933f-d0f2c28102d6/report/", "factor": "/factors/ticker/a9767e07-b07b-4e60-933f-d0f2c28102d6/", "insider": "/insider-activity/company/pmt/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}