{"latest_run": null, "coverage_count": 6093, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "SPY", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 47.11, "avg_conviction_label": "47.1", "bullish": 0, "bearish": 0, "volatility": 0, "mixed": 1, "leader": "SPY", "leader_score": "47", "leader_direction": "mixed", "leader_direction_label": "Mixed", "leader_tone": "neutral", "leader_read": "The strongest current read is mixed, so the options tape is not giving a clean direction yet."}, "charts": {"sectors": [], "directions": [{"direction": "mixed", "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": "SPY", "name": "STATE STREET SPDR S&P 500 ETF", "exchange": "NYSEARCA", "country": "US", "currency": "USD", "sector": "", "industry": "", "sector_url": "", "industry_url": "", "direction": "mixed", "direction_label": "Mixed", "tone": "neutral", "conviction_score": 47.11, "options_pressure_score": -14.5, "trend_confirmation_score": 72.5, "speculation_score": 92.29, "volatility_score": 18.66, "edge_label": "Options-market disagreement", "insight": "SPY shows mixed options pressure with a 47/100 conviction score, put-call volume ratio of 1.13, expected move of 1.5%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-04T09:33:33.266386+00:00", "snapshot": {"fetched_at": "2026-08-04T09:33:33.266386+00:00", "underlying_price": 747.03, "total_contracts": 2000, "call_contracts": 1000, "put_contracts": 1000, "call_volume": 1516778, "put_volume": 1716959, "call_open_interest": 532802, "put_open_interest": 901893, "put_call_volume_ratio": 1.13197778, "put_call_open_interest_ratio": 1.69273576, "volume_open_interest_ratio": 2.25395432, "avg_implied_volatility": 0.1807275, "max_pain_strike": 743.0, "expected_move_percent": 1.5012784, "nearest_expiration": "2026-08-04"}, "market": {"latest_close": 747.03, "one_week_change": 1.0961796110592343, "one_week_change_label": "+1.1%", "relative_strength": 0.0, "fair_value_gap_label": "+29.2%", "trend_signal": "1"}, "premium_flags": [{"label": "Fresh flow", "value": "2.25", "detail": "Volume/open-interest participation is elevated versus normal chain activity."}, {"label": "Pin watch", "value": "+0.5%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Trend agreement", "value": "72", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "directional-flow-confirmation-needed", "label": "Directional flow, confirmation needed", "tone": "neutral", "confidence": 34.9, "confidence_label": "35/100", "summary": "There is useful activity, but aggregate chain data does not isolate participant intent.", "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": "2.25", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "72/100", "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": "No clean flow/price divergence", "tone": "neutral", "score": 26.4, "score_label": "26/100", "summary": "The options read is mixed, so divergence is not strong enough to classify.", "metrics": [{"label": "Options pressure", "value": "-14"}, {"label": "1W price", "value": "+1.1%"}, {"label": "Call premium", "value": "69%"}, {"label": "Put premium", "value": "31%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 0-7 days \u00b7 ATM", "tone": "positive", "volume": 1307049, "open_interest": 251740, "premium": 354482754.5, "premium_label": "$354.5M", "premium_share": 68.21362814030604, "weighted_strike": 758.0562840413787, "avg_iv": 0.11923179775280898, "max_voi": 72.44225352, "why": "calls cluster with 1307049 contracts traded, $354.5M estimated gross traded notional, and 68% of visible notional."}, {"label": "Puts \u00b7 0-7 days \u00b7 ATM", "tone": "negative", "volume": 1506140, "open_interest": 269206, "premium": 155627661.5, "premium_label": "$155.6M", "premium_share": 29.947655549224816, "weighted_strike": 750.3185653392115, "avg_iv": 0.13941620689655174, "max_voi": 8329.0, "why": "puts cluster with 1506140 contracts traded, $155.6M estimated gross traded notional, and 30% of visible notional."}, {"label": "Puts \u00b7 0-7 days \u00b7 ITM", "tone": "negative", "volume": 4692, "open_interest": 0, "premium": 4315234.5, "premium_label": "$4.3M", "premium_share": 0.8303868038274891, "weighted_strike": 766.4690963341858, "avg_iv": 0.08317, "max_voi": 0.0, "why": "puts cluster with 4692 contracts traded, $4.3M estimated gross traded notional, and 1% of visible notional."}, {"label": "Calls \u00b7 0-7 days \u00b7 OTM", "tone": "positive", "volume": 151460, "open_interest": 41867, "premium": 3830341.0, "premium_label": "$3.8M", "premium_share": 0.7370780476841731, "weighted_strike": 771.5126237950614, "avg_iv": 0.11878837209302326, "max_voi": 156.3, "why": "calls cluster with 151460 contracts traded, $3.8M estimated gross traded notional, and 1% of visible notional."}, {"label": "Puts \u00b7 0-7 days \u00b7 OTM", "tone": "negative", "volume": 117759, "open_interest": 264331, "premium": 733138.5, "premium_label": "$733,138", "premium_share": 0.14107889983218286, "weighted_strike": 688.9631280836285, "avg_iv": 0.39760794871794874, "max_voi": 656.0, "why": "puts cluster with 117759 contracts traded, $733,138 estimated gross traded notional, and 0% of visible notional."}], "why_this_matters": "Directional flow, confirmation needed matters because it connects the options headline to the actual evidence: $519.7M of estimated gross traded notional, calls \u00b7 0-7 days \u00b7 atm, and a no clean flow/price divergence 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/d3502b99-5e36-4881-8220-f5808263240a/", "research_links": {"chart": "/terminal/d3502b99-5e36-4881-8220-f5808263240a/", "report": "", "factor": ""}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}