{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "PTEN", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 50.08, "avg_conviction_label": "50.1", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "PTEN", "leader_score": "50", "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": "Energy", "count": 1, "avg_score": "50.08", "sector_label": "Energy", "industry_label": "", "sector_url": "/structure/us/energy/", "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": "PTEN", "name": "Patterson-UTI Energy Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Energy", "industry": "Oil & Gas Drilling", "sector_url": "https://sharemaestro.com/structure/us/energy/", "industry_url": "https://sharemaestro.com/structure/us/energy/oil-gas-drilling/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 50.08, "options_pressure_score": 87.49, "trend_confirmation_score": 11.97, "speculation_score": 6.68, "volatility_score": 87.48, "edge_label": "Volatility expansion watch", "insight": "PTEN shows volatility options pressure with a 50/100 conviction score, put-call volume ratio of 0.12, expected move of 13.5%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-30T06:38:28.392991+00:00", "snapshot": {"fetched_at": "2026-07-30T06:38:28.392991+00:00", "underlying_price": 10.2, "total_contracts": 172, "call_contracts": 86, "put_contracts": 86, "call_volume": 393, "put_volume": 47, "call_open_interest": 118152, "put_open_interest": 30937, "put_call_volume_ratio": 0.11959288, "put_call_open_interest_ratio": 0.26184068, "volume_open_interest_ratio": 0.00295126, "avg_implied_volatility": 0.67827875, "max_pain_strike": 9.0, "expected_move_percent": 13.48039216, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 10.2, "one_week_change": 1.7964071856287425, "one_week_change_label": "+1.8%", "relative_strength": 19.386535, "fair_value_gap_label": "+19.0%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "13.5%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend conflict", "value": "12", "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": "0.00", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "12/100", "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": 46.0, "score_label": "46/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+87"}, {"label": "1W price", "value": "+1.8%"}, {"label": "Call premium", "value": "90%"}, {"label": "Put premium", "value": "10%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 234, "open_interest": 18487, "premium": 17475.0, "premium_label": "$17475", "premium_share": 60.735076896341994, "weighted_strike": 11.542735042735043, "avg_iv": 0.5854148148148148, "max_voi": 0.82608696, "why": "calls cluster with 234 contracts traded, $17475 estimated gross traded notional, and 61% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 8, "open_interest": 3206, "premium": 2470.0, "premium_label": "$2470", "premium_share": 8.584585976192544, "weighted_strike": 7.0, "avg_iv": 0.7572523809523809, "max_voi": 0.0952381, "why": "calls cluster with 8 contracts traded, $2470 estimated gross traded notional, and 9% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 24, "open_interest": 848, "premium": 2355.0, "premium_label": "$2355", "premium_share": 8.18489877487184, "weighted_strike": 8.916666666666666, "avg_iv": 2.294496666666667, "max_voi": 0.0438247, "why": "calls cluster with 24 contracts traded, $2355 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ATM", "tone": "positive", "volume": 40, "open_interest": 13134, "premium": 1500.0, "premium_label": "$1500", "premium_share": 5.2133113215744205, "weighted_strike": 10.0, "avg_iv": 0.67828, "max_voi": 0.00304553, "why": "calls cluster with 40 contracts traded, $1500 estimated gross traded notional, and 5% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 11, "open_interest": 9752, "premium": 1365.0, "premium_label": "$1365", "premium_share": 4.744113302632722, "weighted_strike": 9.0, "avg_iv": 0.6671276190476191, "max_voi": 0.09090909, "why": "puts cluster with 11 contracts traded, $1365 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: $28772 of estimated gross traded notional, calls \u00b7 91+ days \u00b7 otm, 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/c18c6baf-a6fb-4c90-930b-992d86b21441/", "research_links": {"chart": "/terminal/c18c6baf-a6fb-4c90-930b-992d86b21441/", "report": "/terminal/c18c6baf-a6fb-4c90-930b-992d86b21441/report/", "factor": "/factors/ticker/c18c6baf-a6fb-4c90-930b-992d86b21441/", "insider": "/insider-activity/company/pten/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}