{"latest_run": "2026-08-12T20:50:00.030871+00:00", "coverage_count": 6123, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "SYK", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 32.48, "avg_conviction_label": "32.5", "bullish": 0, "bearish": 0, "volatility": 0, "mixed": 1, "leader": "SYK", "leader_score": "32", "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": [{"ticker__sector": "Healthcare", "count": 1, "avg_score": "32.48", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "industry_url": "", "bar_width": 100.0}], "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": 0, "url": "/options/conviction/40-59/", "bar_width": 0.0}, {"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": 1, "url": "/options/conviction/under-40/", "bar_width": 100.0}]}, "signals": [{"symbol": "SYK", "name": "Stryker Corporation", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Medical Devices", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/medical-devices/", "direction": "mixed", "direction_label": "Mixed", "tone": "neutral", "conviction_score": 32.48, "options_pressure_score": 15.09, "trend_confirmation_score": 56.31, "speculation_score": 34.22, "volatility_score": 39.71, "edge_label": "Options-market disagreement", "insight": "SYK shows mixed options pressure with a 32/100 conviction score, put-call volume ratio of 0.83, expected move of 3.8%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-12T20:51:43.256640+00:00", "snapshot": {"fetched_at": "2026-08-12T20:51:43.256640+00:00", "underlying_price": 339.03, "total_contracts": 380, "call_contracts": 207, "put_contracts": 173, "call_volume": 1420, "put_volume": 1182, "call_open_interest": 24468, "put_open_interest": 12356, "put_call_volume_ratio": 0.83239437, "put_call_open_interest_ratio": 0.5049861, "volume_open_interest_ratio": 0.07066044, "avg_implied_volatility": 0.35156136, "max_pain_strike": 330.0, "expected_move_percent": 3.7754771, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 339.03, "one_week_change": 4.092723365059871, "one_week_change_label": "+4.1%", "relative_strength": -13.571405, "fair_value_gap_label": "-1.0%", "trend_signal": "0"}, "premium_flags": [{"label": "Context building", "value": "32", "detail": "The chain is live, but no premium alert condition is dominant yet."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 62.6, "confidence_label": "63/100", "summary": "Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.", "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": "0.07", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "56/100", "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": 25.2, "score_label": "25/100", "summary": "The options read is mixed, so divergence is not strong enough to classify.", "metrics": [{"label": "Options pressure", "value": "+15"}, {"label": "1W price", "value": "+4.1%"}, {"label": "Call premium", "value": "37%"}, {"label": "Put premium", "value": "63%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 641, "open_interest": 2645, "premium": 3425680.0, "premium_label": "$3.4M", "premium_share": 55.67583754171304, "weighted_strike": 369.204368174727, "avg_iv": 0.4143415480769231, "max_voi": 2.0, "why": "puts cluster with 641 contracts traded, $3.4M estimated gross traded notional, and 56% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 140, "open_interest": 4120, "premium": 1138245.0, "premium_label": "$1.1M", "premium_share": 18.4993180047953, "weighted_strike": 278.7857142857143, "avg_iv": 0.332266809375, "max_voi": 2.0, "why": "calls cluster with 140 contracts traded, $1.1M estimated gross traded notional, and 18% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 492, "open_interest": 8937, "premium": 515474.5, "premium_label": "$515,474", "premium_share": 8.377745299880829, "weighted_strike": 443.9837398373984, "avg_iv": 0.3283053661971831, "max_voi": 2.0, "why": "calls cluster with 492 contracts traded, $515,474 estimated gross traded notional, and 8% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 83, "open_interest": 673, "premium": 370940.0, "premium_label": "$370,940", "premium_share": 6.028699463383338, "weighted_strike": 304.8192771084337, "avg_iv": 0.40868714666666667, "max_voi": 0.26956522, "why": "calls cluster with 83 contracts traded, $370,940 estimated gross traded notional, and 6% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 203, "open_interest": 4357, "premium": 165629.5, "premium_label": "$165,630", "premium_share": 2.6918921598383854, "weighted_strike": 251.89655172413794, "avg_iv": 0.37810591837837837, "max_voi": 2.5, "why": "puts cluster with 203 contracts traded, $165,630 estimated gross traded notional, and 3% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $6.2M of estimated gross traded notional, puts \u00b7 91+ days \u00b7 itm, 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/6c084548-8fa4-4599-ae27-500f7627c98a/", "research_links": {"chart": "/terminal/6c084548-8fa4-4599-ae27-500f7627c98a/", "report": "/terminal/6c084548-8fa4-4599-ae27-500f7627c98a/report/", "factor": "/factors/ticker/6c084548-8fa4-4599-ae27-500f7627c98a/", "insider": "/insider-activity/company/syk/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}