{"latest_run": "2026-08-03T20:50:00.024052+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "SJT", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 48.38, "avg_conviction_label": "48.4", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "SJT", "leader_score": "48", "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": "48.38", "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": "SJT", "name": "San Juan Basin Royalty Trust", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Energy", "industry": "Oil & Gas E&P", "sector_url": "https://sharemaestro.com/structure/us/energy/", "industry_url": "https://sharemaestro.com/structure/us/energy/oil-gas-ep/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 48.38, "options_pressure_score": 74.97, "trend_confirmation_score": 0.0, "speculation_score": 41.19, "volatility_score": 78.31, "edge_label": "Volatility expansion watch", "insight": "SJT shows volatility options pressure with a 48/100 conviction score, put-call volume ratio of 0.22, expected move of 5.6%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-03T18:21:18.045002+00:00", "snapshot": {"fetched_at": "2026-08-03T18:21:18.045002+00:00", "underlying_price": 2.51, "total_contracts": 13, "call_contracts": 9, "put_contracts": 4, "call_volume": 152, "put_volume": 34, "call_open_interest": 3487, "put_open_interest": 138, "put_call_volume_ratio": 0.22368421, "put_call_open_interest_ratio": 0.03957557, "volume_open_interest_ratio": 0.05131034, "avg_implied_volatility": 1.22916977, "max_pain_strike": 2.5, "expected_move_percent": 5.57768924, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 2.51, "one_week_change": -0.3968253968253968, "one_week_change_label": "-0.4%", "relative_strength": -54.178194, "fair_value_gap_label": "-50.5%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+0.4%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"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": 85.2, "confidence_label": "85/100", "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 37% / P 63%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.05", "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": "12 Aug", "detail": "Matched earnings event is 8 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": 42.3, "score_label": "42/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+75"}, {"label": "1W price", "value": "-0.4%"}, {"label": "Call premium", "value": "37%"}, {"label": "Put premium", "value": "63%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 19, "open_interest": 50, "premium": 4892.5, "premium_label": "$4,892", "premium_share": 53.420319921384504, "weighted_strike": 5.0, "avg_iv": 4.0429737, "max_voi": 0.38, "why": "puts cluster with 19 contracts traded, $4,892 estimated gross traded notional, and 53% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ATM", "tone": "positive", "volume": 46, "open_interest": 63, "premium": 2300.0, "premium_label": "$2,300", "premium_share": 25.11328274280723, "weighted_strike": 2.5, "avg_iv": 1.44726839, "max_voi": 0.73015873, "why": "calls cluster with 46 contracts traded, $2,300 estimated gross traded notional, and 25% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ATM", "tone": "positive", "volume": 90, "open_interest": 8, "premium": 810.0, "premium_label": "$810", "premium_share": 8.844243052901676, "weighted_strike": 2.5, "avg_iv": 0.62500375, "max_voi": 11.25, "why": "calls cluster with 90 contracts traded, $810 estimated gross traded notional, and 9% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 3, "open_interest": 2, "premium": 765.0, "premium_label": "$765", "premium_share": 8.352896216629361, "weighted_strike": 5.0, "avg_iv": 4.30078587, "max_voi": 1.5, "why": "puts cluster with 3 contracts traded, $765 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ATM", "tone": "positive", "volume": 10, "open_interest": 54, "premium": 280.0, "premium_label": "$280", "premium_share": 3.0572692034721842, "weighted_strike": 2.5, "avg_iv": 1.18359783, "max_voi": 0.18518519, "why": "calls cluster with 10 contracts traded, $280 estimated gross traded notional, and 3% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $9,158 of estimated gross traded notional, puts \u00b7 46-90 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/4f7d0eb2-5516-4719-85a4-c70b7e4ad6e3/", "research_links": {"chart": "/terminal/4f7d0eb2-5516-4719-85a4-c70b7e4ad6e3/", "report": "/terminal/4f7d0eb2-5516-4719-85a4-c70b7e4ad6e3/report/", "factor": "/factors/ticker/4f7d0eb2-5516-4719-85a4-c70b7e4ad6e3/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}