{"latest_run": "2026-07-31T14:50:27.403324+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "PPIH", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 50.91, "avg_conviction_label": "50.9", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "PPIH", "leader_score": "51", "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": "Industrials", "count": 1, "avg_score": "50.91", "sector_label": "Industrials", "industry_label": "", "sector_url": "/structure/us/industrials/", "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": "PPIH", "name": "Perma-Pipe International Holdings Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Industrials", "industry": "Building Products & Equipment", "sector_url": "https://sharemaestro.com/structure/us/industrials/", "industry_url": "https://sharemaestro.com/structure/us/industrials/building-products-equipment/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 50.91, "options_pressure_score": 88.43, "trend_confirmation_score": 0.0, "speculation_score": 18.95, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "PPIH shows volatility options pressure with a 51/100 conviction score, put-call volume ratio of 0.12, expected move of 14.3%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-07-31T14:16:58.795629+00:00", "snapshot": {"fetched_at": "2026-07-31T14:16:58.795629+00:00", "underlying_price": 25.11, "total_contracts": 41, "call_contracts": 24, "put_contracts": 17, "call_volume": 144, "put_volume": 17, "call_open_interest": 1051, "put_open_interest": 215, "put_call_volume_ratio": 0.11805556, "put_call_open_interest_ratio": 0.20456708, "volume_open_interest_ratio": 0.1271722, "avg_implied_volatility": 0.97387992, "max_pain_strike": 25.0, "expected_move_percent": 14.33691756, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 25.11, "one_week_change": -1.2195121951219512, "one_week_change_label": "-1.2%", "relative_strength": -20.338766, "fair_value_gap_label": "+46.3%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+0.4%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Priced move", "value": "14.3%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend conflict", "value": "0", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "volatility-expansion-bet", "label": "Volatility expansion bet", "tone": "warning", "confidence": 92, "confidence_label": "92/100", "summary": "The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.", "evidence": [{"label": "Notional split", "value": "C 90% / P 10%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.13", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "0/100", "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": 46.9, "score_label": "47/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+88"}, {"label": "1W price", "value": "-1.2%"}, {"label": "Call premium", "value": "90%"}, {"label": "Put premium", "value": "10%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ATM", "tone": "positive", "volume": 47, "open_interest": 173, "premium": 19965.0, "premium_label": "$19965", "premium_share": 50.29600705378511, "weighted_strike": 25.0, "avg_iv": 0.768190795, "max_voi": 0.30463576, "why": "calls cluster with 47 contracts traded, $19965 estimated gross traded notional, and 50% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 62, "open_interest": 446, "premium": 5765.0, "premium_label": "$5765", "premium_share": 14.523239702733342, "weighted_strike": 45.88709677419355, "avg_iv": 1.057522676, "max_voi": 0.65277778, "why": "calls cluster with 62 contracts traded, $5765 estimated gross traded notional, and 15% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 4, "open_interest": 1, "premium": 2909.0, "premium_label": "$2909", "premium_share": 7.328378889028845, "weighted_strike": 20.625, "avg_iv": 0.69857257, "max_voi": 2.0, "why": "calls cluster with 4 contracts traded, $2909 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ATM", "tone": "positive", "volume": 10, "open_interest": 54, "premium": 2700.0, "premium_label": "$2700", "premium_share": 6.801864214636604, "weighted_strike": 25.0, "avg_iv": 0.88183712, "max_voi": 0.18518519, "why": "calls cluster with 10 contracts traded, $2700 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 4, "open_interest": 9, "premium": 2685.0, "premium_label": "$2685", "premium_share": 6.764076080110845, "weighted_strike": 20.0, "avg_iv": 0.80145462, "max_voi": 0.5, "why": "calls cluster with 4 contracts traded, $2685 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: $39695 of estimated gross traded notional, calls \u00b7 91+ days \u00b7 atm, 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/4033572a-bc81-4db9-84da-af9f18a9d1a3/", "research_links": {"chart": "/terminal/4033572a-bc81-4db9-84da-af9f18a9d1a3/", "report": "/terminal/4033572a-bc81-4db9-84da-af9f18a9d1a3/report/", "factor": "/factors/ticker/4033572a-bc81-4db9-84da-af9f18a9d1a3/", "insider": "/insider-activity/company/ppih/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}