{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "RLAY", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 55.73, "avg_conviction_label": "55.7", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "RLAY", "leader_score": "56", "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": "Healthcare", "count": 1, "avg_score": "55.73", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "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": "RLAY", "name": "Relay Therapeutics\u00a0Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Biotechnology", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/biotechnology/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 55.73, "options_pressure_score": 27.22, "trend_confirmation_score": 97.56, "speculation_score": 45.92, "volatility_score": 88.25, "edge_label": "Volatility expansion watch", "insight": "RLAY shows volatility options pressure with a 56/100 conviction score, put-call volume ratio of 0.57, expected move of 16.5%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-02T05:12:46.870122+00:00", "snapshot": {"fetched_at": "2026-08-02T05:12:46.870122+00:00", "underlying_price": 18.83, "total_contracts": 186, "call_contracts": 93, "put_contracts": 93, "call_volume": 3764, "put_volume": 2129, "call_open_interest": 11310, "put_open_interest": 11800, "put_call_volume_ratio": 0.56562168, "put_call_open_interest_ratio": 1.04332449, "volume_open_interest_ratio": 0.25499784, "avg_implied_volatility": 0.68925125, "max_pain_strike": 20.0, "expected_move_percent": 16.53258551, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 18.83, "one_week_change": 2.1149674620390457, "one_week_change_label": "+2.1%", "relative_strength": 76.191103, "fair_value_gap_label": "+144.8%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "16.5%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "98", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 82.9, "confidence_label": "83/100", "summary": "Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.", "evidence": [{"label": "Notional split", "value": "C 73% / P 27%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.25", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "98/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "6 Aug", "detail": "Matched earnings event is 4 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": "Volatility flow versus price", "tone": "warning", "score": 26.9, "score_label": "27/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+27"}, {"label": "1W price", "value": "+2.1%"}, {"label": "Call premium", "value": "73%"}, {"label": "Put premium", "value": "27%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 1303, "open_interest": 3851, "premium": 1320850.0, "premium_label": "$1.3M", "premium_share": 37.50632689439464, "weighted_strike": 10.176515732924022, "avg_iv": 1.0308186363636365, "max_voi": 11.80952381, "why": "calls cluster with 1303 contracts traded, $1.3M estimated gross traded notional, and 38% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 2318, "open_interest": 2830, "premium": 1223340.0, "premium_label": "$1.2M", "premium_share": 34.73747203920864, "weighted_strike": 14.665228645383952, "avg_iv": 0.8717683333333334, "max_voi": 2.83636364, "why": "calls cluster with 2318 contracts traded, $1.2M estimated gross traded notional, and 35% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 1123, "open_interest": 1237, "premium": 584000.0, "premium_label": "$584000", "premium_share": 16.583029796211886, "weighted_strike": 22.979519145146927, "avg_iv": 0.787542, "max_voi": 26.34782609, "why": "puts cluster with 1123 contracts traded, $584000 estimated gross traded notional, and 17% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 496, "open_interest": 660, "premium": 195840.0, "premium_label": "$195840", "premium_share": 5.560994101524205, "weighted_strike": 19.0, "avg_iv": 0.849, "max_voi": 1.07894737, "why": "puts cluster with 496 contracts traded, $195840 estimated gross traded notional, and 6% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 292, "open_interest": 3176, "premium": 139940.0, "premium_label": "$139940", "premium_share": 3.9736801193183067, "weighted_strike": 20.10958904109589, "avg_iv": 0.8202794444444444, "max_voi": 16.0, "why": "puts cluster with 292 contracts traded, $139940 estimated gross traded notional, and 4% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $3.5M of estimated gross traded notional, calls \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/68968c7d-40fa-4e2e-a6be-6c57dd40fc8d/", "research_links": {"chart": "/terminal/68968c7d-40fa-4e2e-a6be-6c57dd40fc8d/", "report": "/terminal/68968c7d-40fa-4e2e-a6be-6c57dd40fc8d/report/", "factor": "/factors/ticker/68968c7d-40fa-4e2e-a6be-6c57dd40fc8d/", "insider": "/insider-activity/company/rlay/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}