{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "SA", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 59.49, "avg_conviction_label": "59.5", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "SA", "leader_score": "59", "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": "Basic Materials", "count": 1, "avg_score": "59.49", "sector_label": "Basic Materials", "industry_label": "", "sector_url": "/structure/us/basic-materials/", "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": "SA", "name": "Seabridge Gold Inc.", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Basic Materials", "industry": "Gold", "sector_url": "https://sharemaestro.com/structure/us/basic-materials/", "industry_url": "https://sharemaestro.com/structure/us/basic-materials/gold/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 59.49, "options_pressure_score": 98.44, "trend_confirmation_score": 0.0, "speculation_score": 40.41, "volatility_score": 92.52, "edge_label": "Volatility expansion watch", "insight": "SA shows volatility options pressure with a 59/100 conviction score, put-call volume ratio of 0.06, expected move of 14.5%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-01T19:26:12.667354+00:00", "snapshot": {"fetched_at": "2026-08-01T19:26:12.667354+00:00", "underlying_price": 25.81, "total_contracts": 282, "call_contracts": 141, "put_contracts": 141, "call_volume": 698, "put_volume": 45, "call_open_interest": 37204, "put_open_interest": 4486, "put_call_volume_ratio": 0.06446991, "put_call_open_interest_ratio": 0.12057843, "volume_open_interest_ratio": 0.01782202, "avg_implied_volatility": 0.750225, "max_pain_strike": 25.0, "expected_move_percent": 14.52925223, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 25.81, "one_week_change": -0.6543494996150885, "one_week_change_label": "-0.7%", "relative_strength": -12.728429, "fair_value_gap_label": "+42.9%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "14.5%", "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 98% / P 2%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.02", "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": 53.5, "score_label": "54/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+98"}, {"label": "1W price", "value": "-0.7%"}, {"label": "Call premium", "value": "98%"}, {"label": "Put premium", "value": "2%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 194, "open_interest": 4442, "premium": 198600.0, "premium_label": "$198600", "premium_share": 47.14892626985757, "weighted_strike": 17.309278350515463, "avg_iv": 0.7393938235294117, "max_voi": 0.96052632, "why": "calls cluster with 194 contracts traded, $198600 estimated gross traded notional, and 47% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 150, "open_interest": 435, "premium": 100380.0, "premium_label": "$100380", "premium_share": 23.83086212974976, "weighted_strike": 20.533333333333335, "avg_iv": 0.823638, "max_voi": 0.93333333, "why": "calls cluster with 150 contracts traded, $100380 estimated gross traded notional, and 24% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 63, "open_interest": 920, "premium": 66990.0, "premium_label": "$66990", "premium_share": 15.9038598732012, "weighted_strike": 15.476190476190476, "avg_iv": 0.754371, "max_voi": 0.5, "why": "calls cluster with 63 contracts traded, $66990 estimated gross traded notional, and 16% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 164, "open_interest": 6716, "premium": 37085.0, "premium_label": "$37085", "premium_share": 8.804219187903666, "weighted_strike": 42.5609756097561, "avg_iv": 0.7268840350877193, "max_voi": 0.35483871, "why": "calls cluster with 164 contracts traded, $37085 estimated gross traded notional, and 9% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ATM", "tone": "positive", "volume": 10, "open_interest": 55, "premium": 5500.0, "premium_label": "$5500", "premium_share": 1.3057356217734977, "weighted_strike": 26.0, "avg_iv": 0.75307, "max_voi": 5.0, "why": "calls cluster with 10 contracts traded, $5500 estimated gross traded notional, and 1% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $421218 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/d56a00d9-2895-474b-8608-4de3adc66060/", "research_links": {"chart": "/terminal/d56a00d9-2895-474b-8608-4de3adc66060/", "report": "/terminal/d56a00d9-2895-474b-8608-4de3adc66060/report/", "factor": "/factors/ticker/d56a00d9-2895-474b-8608-4de3adc66060/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}