{"latest_run": "2026-08-03T20:50:00.024052+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "SAN", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 52.29, "avg_conviction_label": "52.3", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "SAN", "leader_score": "52", "leader_direction": "bullish", "leader_direction_label": "Bullish", "leader_tone": "positive", "leader_read": "The strongest current read leans call-side, which is generally constructive if the chart also supports it."}, "charts": {"sectors": [{"ticker__sector": "Financial Services", "count": 1, "avg_score": "52.29", "sector_label": "Financial Services", "industry_label": "", "sector_url": "/structure/us/financial-services/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "bullish", "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": "SAN", "name": "Banco Santander SA ADR", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Financial Services", "industry": "Banks - Diversified", "sector_url": "https://sharemaestro.com/structure/us/financial-services/", "industry_url": "https://sharemaestro.com/structure/us/financial-services/banks-diversified/", "direction": "bullish", "direction_label": "Bullish", "tone": "positive", "conviction_score": 52.29, "options_pressure_score": 71.26, "trend_confirmation_score": 25.58, "speculation_score": 40.89, "volatility_score": 67.17, "edge_label": "Call-side pressure", "insight": "SAN shows bullish options pressure with a 52/100 conviction score, put-call volume ratio of 0.20, expected move of 6.1%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-04T00:04:56.507533+00:00", "snapshot": {"fetched_at": "2026-08-04T00:04:56.507533+00:00", "underlying_price": 14.1, "total_contracts": 93, "call_contracts": 57, "put_contracts": 36, "call_volume": 1796, "put_volume": 364, "call_open_interest": 35558, "put_open_interest": 20838, "put_call_volume_ratio": 0.20267261, "put_call_open_interest_ratio": 0.58602846, "volume_open_interest_ratio": 0.03830059, "avg_implied_volatility": 0.61304169, "max_pain_strike": 14.0, "expected_move_percent": 6.06382979, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 14.1, "one_week_change": 4.13589364844904, "one_week_change_label": "+4.1%", "relative_strength": 14.089192, "fair_value_gap_label": "+99.4%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "5x", "detail": "Bullish pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+0.7%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Priced move", "value": "6.1%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "multi-expiry-position-maintenance-candidate", "label": "Multi-expiry position-maintenance candidate", "tone": "neutral", "confidence": 72.1, "confidence_label": "72/100", "summary": "Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.", "evidence": [{"label": "Notional split", "value": "C 96% / P 4%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.04", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "26/100", "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.", "Roll detection is conservative because opening and closing legs are not directly observable in this snapshot."]}, "flow_divergence": {"label": "Bullish flow confirms price", "tone": "positive", "score": 51.8, "score_label": "52/100", "summary": "Options pressure and weekly price action are pointing in the same constructive direction.", "metrics": [{"label": "Options pressure", "value": "+71"}, {"label": "1W price", "value": "+4.1%"}, {"label": "Call premium", "value": "96%"}, {"label": "Put premium", "value": "4%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 337, "open_interest": 10490, "premium": 161857.5, "premium_label": "$161,858", "premium_share": 52.62973922091435, "weighted_strike": 9.908011869436201, "avg_iv": 0.7209523325, "max_voi": 1.0, "why": "calls cluster with 337 contracts traded, $161,858 estimated gross traded notional, and 53% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 766, "open_interest": 9498, "premium": 53667.5, "premium_label": "$53,668", "premium_share": 17.450575534889772, "weighted_strike": 16.745430809399476, "avg_iv": 0.4351659666666667, "max_voi": 57.77777778, "why": "calls cluster with 766 contracts traded, $53,668 estimated gross traded notional, and 17% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 67, "open_interest": 5211, "premium": 32891.0, "premium_label": "$32,891", "premium_share": 10.694868960135267, "weighted_strike": 8.626865671641792, "avg_iv": 1.309281857, "max_voi": 1.0, "why": "calls cluster with 67 contracts traded, $32,891 estimated gross traded notional, and 11% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 42, "open_interest": 161, "premium": 24572.5, "premium_label": "$24,572", "premium_share": 7.9900175586915525, "weighted_strike": 8.5, "avg_iv": 2.9149016014285714, "max_voi": 1.0, "why": "calls cluster with 42 contracts traded, $24,572 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ATM", "tone": "positive", "volume": 125, "open_interest": 1531, "premium": 11250.0, "premium_label": "$11,250", "premium_share": 3.658060740066333, "weighted_strike": 14.0, "avg_iv": 0.34863933, "max_voi": 0.08164598, "why": "calls cluster with 125 contracts traded, $11,250 estimated gross traded notional, and 4% of visible notional."}], "why_this_matters": "Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $307,540 of estimated gross traded notional, calls \u00b7 91+ days \u00b7 itm, and a bullish flow confirms 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/e469146e-1bc8-468c-a716-d7081bf47f48/", "research_links": {"chart": "/terminal/e469146e-1bc8-468c-a716-d7081bf47f48/", "report": "/terminal/e469146e-1bc8-468c-a716-d7081bf47f48/report/", "factor": "/factors/ticker/e469146e-1bc8-468c-a716-d7081bf47f48/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}