{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "SBS", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 49.05, "avg_conviction_label": "49.0", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "SBS", "leader_score": "49", "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": "Utilities", "count": 1, "avg_score": "49.05", "sector_label": "Utilities", "industry_label": "", "sector_url": "/structure/us/utilities/", "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": "SBS", "name": "Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Utilities", "industry": "Utilities - Regulated Water", "sector_url": "https://sharemaestro.com/structure/us/utilities/", "industry_url": "https://sharemaestro.com/structure/us/utilities/utilities-regulated-water/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 49.05, "options_pressure_score": 78.88, "trend_confirmation_score": 0.0, "speculation_score": 28.73, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "SBS shows volatility options pressure with a 49/100 conviction score, put-call volume ratio of 0.19, expected move of 15.2%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-07-30T02:44:14.329078+00:00", "snapshot": {"fetched_at": "2026-07-30T02:44:14.329078+00:00", "underlying_price": 5.61, "total_contracts": 31, "call_contracts": 18, "put_contracts": 13, "call_volume": 59, "put_volume": 11, "call_open_interest": 163, "put_open_interest": 23, "put_call_volume_ratio": 0.18644068, "put_call_open_interest_ratio": 0.14110429, "volume_open_interest_ratio": 0.37634409, "avg_implied_volatility": 1.2871125, "max_pain_strike": 5.0, "expected_move_percent": 15.15151515, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 5.61, "one_week_change": -2.4347826086956523, "one_week_change_label": "-2.4%", "relative_strength": -0.032142, "fair_value_gap_label": "+52.8%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "15.2%", "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": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 83.7, "confidence_label": "84/100", "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 69% / P 31%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.38", "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."}, {"label": "Event window", "value": "10 Aug", "detail": "Matched earnings event is 10 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": 48.0, "score_label": "48/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+79"}, {"label": "1W price", "value": "-2.4%"}, {"label": "Call premium", "value": "69%"}, {"label": "Put premium", "value": "31%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 12, "open_interest": 56, "premium": 3385.0, "premium_label": "$3385", "premium_share": 30.240764729530532, "weighted_strike": 16.5, "avg_iv": 0.6182771977777778, "max_voi": 0.16666667, "why": "calls cluster with 12 contracts traded, $3385 estimated gross traded notional, and 30% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 8, "open_interest": 20, "premium": 2516.0, "premium_label": "$2516", "premium_share": 22.477330593648098, "weighted_strike": 19.875, "avg_iv": 0.25261225, "max_voi": 0.66666667, "why": "puts cluster with 8 contracts traded, $2516 estimated gross traded notional, and 22% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 31, "open_interest": 65, "premium": 2325.0, "premium_label": "$2325", "premium_share": 20.770983159869566, "weighted_strike": 5.0, "avg_iv": 1.19531652, "max_voi": 0.47692308, "why": "calls cluster with 31 contracts traded, $2325 estimated gross traded notional, and 21% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 10, "open_interest": 16, "premium": 1250.0, "premium_label": "$1250", "premium_share": 11.167195247241702, "weighted_strike": 4.25, "avg_iv": 0.8046894533333333, "max_voi": 2.5, "why": "calls cluster with 10 contracts traded, $1250 estimated gross traded notional, and 11% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 2, "open_interest": 0, "premium": 960.0, "premium_label": "$960", "premium_share": 8.576405949881627, "weighted_strike": 10.0, "avg_iv": 0.57812922, "max_voi": 0.0, "why": "puts cluster with 2 contracts traded, $960 estimated gross traded notional, and 9% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $11194 of estimated gross traded notional, calls \u00b7 46-90 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/7441dff8-09c0-465b-8ed3-4f11349e83ba/", "research_links": {"chart": "/terminal/7441dff8-09c0-465b-8ed3-4f11349e83ba/", "report": "/terminal/7441dff8-09c0-465b-8ed3-4f11349e83ba/report/", "factor": "/factors/ticker/7441dff8-09c0-465b-8ed3-4f11349e83ba/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}