{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "SPOK", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 49.45, "avg_conviction_label": "49.5", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "SPOK", "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": "Healthcare", "count": 1, "avg_score": "49.45", "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": "SPOK", "name": "Spok Holdings Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Health Information Services", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/health-information-services/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 49.45, "options_pressure_score": 88.92, "trend_confirmation_score": 0.0, "speculation_score": 12.88, "volatility_score": 92.7, "edge_label": "Volatility expansion watch", "insight": "SPOK shows volatility options pressure with a 49/100 conviction score, put-call volume ratio of 0.13, expected move of 9.2%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-02T05:09:47.002897+00:00", "snapshot": {"fetched_at": "2026-08-02T05:09:47.002897+00:00", "underlying_price": 10.9, "total_contracts": 26, "call_contracts": 21, "put_contracts": 5, "call_volume": 87, "put_volume": 11, "call_open_interest": 380, "put_open_interest": 20, "put_call_volume_ratio": 0.12643678, "put_call_open_interest_ratio": 0.05263158, "volume_open_interest_ratio": 0.245, "avg_implied_volatility": 1.6210977, "max_pain_strike": 10.0, "expected_move_percent": 9.17431193, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 10.9, "one_week_change": 2.927289896128423, "one_week_change_label": "+2.9%", "relative_strength": -21.237269, "fair_value_gap_label": "-16.5%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "9.2%", "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": "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": "0.24", "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": 51.1, "score_label": "51/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+89"}, {"label": "1W price", "value": "+2.9%"}, {"label": "Call premium", "value": "98%"}, {"label": "Put premium", "value": "2%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 45, "open_interest": 72, "premium": 37146.5, "premium_label": "$37146", "premium_share": 77.58006745820411, "weighted_strike": 2.7222222222222223, "avg_iv": 0.269294415, "max_voi": 0.01388889, "why": "calls cluster with 45 contracts traded, $37146 estimated gross traded notional, and 78% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 9, "open_interest": 0, "premium": 7560.0, "premium_label": "$7560", "premium_share": 15.788979042009963, "weighted_strike": 2.5, "avg_iv": 1e-05, "max_voi": 0.0, "why": "calls cluster with 9 contracts traded, $7560 estimated gross traded notional, and 16% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 24, "open_interest": 57, "premium": 2008.0, "premium_label": "$2008", "premium_share": 4.193686496872488, "weighted_strike": 15.520833333333334, "avg_iv": 0.7506143875, "max_voi": 0.75, "why": "calls cluster with 24 contracts traded, $2008 estimated gross traded notional, and 4% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 1, "open_interest": 2, "premium": 519.0, "premium_label": "$519", "premium_share": 1.0839259421697316, "weighted_strike": 17.5, "avg_iv": 0.419927675, "max_voi": 0.0, "why": "puts cluster with 1 contracts traded, $519 estimated gross traded notional, and 1% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 OTM", "tone": "negative", "volume": 9, "open_interest": 10, "premium": 225.0, "premium_label": "$225", "premium_share": 0.4699100905360108, "weighted_strike": 10.0, "avg_iv": 1.36719066, "max_voi": 0.9, "why": "puts cluster with 9 contracts traded, $225 estimated gross traded notional, and 0% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $47882 of estimated gross traded notional, calls \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/eb046bd7-b184-46dd-a2d4-6b47efa80241/", "research_links": {"chart": "/terminal/eb046bd7-b184-46dd-a2d4-6b47efa80241/", "report": "/terminal/eb046bd7-b184-46dd-a2d4-6b47efa80241/report/", "factor": "/factors/ticker/eb046bd7-b184-46dd-a2d4-6b47efa80241/", "insider": "/insider-activity/company/spok/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}