{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "PRGS", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 52.55, "avg_conviction_label": "52.5", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "PRGS", "leader_score": "53", "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": "Technology", "count": 1, "avg_score": "52.55", "sector_label": "Technology", "industry_label": "", "sector_url": "/structure/us/technology/", "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": "PRGS", "name": "Progress Software Corporation", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Software - Infrastructure", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/software-infrastructure/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 52.55, "options_pressure_score": -50.45, "trend_confirmation_score": 76.95, "speculation_score": 14.3, "volatility_score": 82.1, "edge_label": "Volatility expansion watch", "insight": "PRGS shows volatility options pressure with a 53/100 conviction score, put-call volume ratio of 3.23, expected move of 14.6%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-07-31T08:12:21.765814+00:00", "snapshot": {"fetched_at": "2026-07-31T08:12:21.765814+00:00", "underlying_price": 37.85, "total_contracts": 254, "call_contracts": 127, "put_contracts": 127, "call_volume": 30, "put_volume": 97, "call_open_interest": 5349, "put_open_interest": 4322, "put_call_volume_ratio": 3.23333333, "put_call_open_interest_ratio": 0.8080015, "volume_open_interest_ratio": 0.01313204, "avg_implied_volatility": 0.60144625, "max_pain_strike": 37.5, "expected_move_percent": 14.59709379, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 37.85, "one_week_change": -6.658446362515413, "one_week_change_label": "-6.7%", "relative_strength": -10.89317, "fair_value_gap_label": "-25.4%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+0.9%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Priced move", "value": "14.6%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "77", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "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 25% / P 75%", "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": "77/100", "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": 45.3, "score_label": "45/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "-50"}, {"label": "1W price", "value": "-6.7%"}, {"label": "Call premium", "value": "25%"}, {"label": "Put premium", "value": "75%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 10, "open_interest": 440, "premium": 5150.0, "premium_label": "$5150", "premium_share": 44.61771713233701, "weighted_strike": 40.0, "avg_iv": 0.578809347826087, "max_voi": 0.3030303, "why": "puts cluster with 10 contracts traded, $5150 estimated gross traded notional, and 45% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 OTM", "tone": "negative", "volume": 85, "open_interest": 2755, "premium": 3112.5, "premium_label": "$3112", "premium_share": 26.965562053281353, "weighted_strike": 27.5, "avg_iv": 0.7107966666666666, "max_voi": 1.75, "why": "puts cluster with 85 contracts traded, $3112 estimated gross traded notional, and 27% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ATM", "tone": "positive", "volume": 3, "open_interest": 14, "premium": 1515.0, "premium_label": "$1515", "premium_share": 13.125406107862249, "weighted_strike": 37.5, "avg_iv": 0.58072, "max_voi": 0.21428571, "why": "calls cluster with 3 contracts traded, $1515 estimated gross traded notional, and 13% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 1, "open_interest": 3010, "premium": 700.0, "premium_label": "$700", "premium_share": 6.064544076239983, "weighted_strike": 40.0, "avg_iv": 0.5293936956521739, "max_voi": 0.0106383, "why": "calls cluster with 1 contracts traded, $700 estimated gross traded notional, and 6% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 24, "open_interest": 1115, "premium": 630.0, "premium_label": "$630", "premium_share": 5.458089668615984, "weighted_strike": 49.166666666666664, "avg_iv": 0.5068542857142857, "max_voi": 0.475, "why": "calls cluster with 24 contracts traded, $630 estimated gross traded notional, and 5% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $11542 of estimated gross traded notional, puts \u00b7 91+ 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/a5d41ce1-3a7e-4343-863e-7ac8e4d36518/", "research_links": {"chart": "/terminal/a5d41ce1-3a7e-4343-863e-7ac8e4d36518/", "report": "/terminal/a5d41ce1-3a7e-4343-863e-7ac8e4d36518/report/", "factor": "/factors/ticker/a5d41ce1-3a7e-4343-863e-7ac8e4d36518/", "insider": "/insider-activity/company/prgs/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}