{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "TMO", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 52.08, "avg_conviction_label": "52.1", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "TMO", "leader_score": "52", "leader_direction": "bearish", "leader_direction_label": "Bearish", "leader_tone": "negative", "leader_read": "The strongest current read leans put-side, which is usually a caution flag or downside-risk signal."}, "charts": {"sectors": [{"ticker__sector": "Healthcare", "count": 1, "avg_score": "52.08", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "bearish", "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": "TMO", "name": "Thermo Fisher Scientific Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Diagnostics & Research", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/diagnostics-research/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 52.08, "options_pressure_score": -31.42, "trend_confirmation_score": 99.18, "speculation_score": 41.15, "volatility_score": 40.41, "edge_label": "Put-side pressure", "insight": "TMO shows bearish options pressure with a 52/100 conviction score, put-call volume ratio of 2.02, expected move of 2.7%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-07-30T07:40:56.160916+00:00", "snapshot": {"fetched_at": "2026-07-30T07:40:56.160916+00:00", "underlying_price": 568.26, "total_contracts": 1546, "call_contracts": 773, "put_contracts": 773, "call_volume": 862, "put_volume": 1743, "call_open_interest": 29126, "put_open_interest": 23312, "put_call_volume_ratio": 2.02204176, "put_call_open_interest_ratio": 0.80038454, "volume_open_interest_ratio": 0.04967771, "avg_implied_volatility": 0.423405, "max_pain_strike": 565.0, "expected_move_percent": 2.69242952, "nearest_expiration": "2026-07-31"}, "market": {"latest_close": 568.26, "one_week_change": 6.719501201923077, "one_week_change_label": "+6.7%", "relative_strength": 0.996978, "fair_value_gap_label": "+8.8%", "trend_signal": "0"}, "premium_flags": [{"label": "Pin watch", "value": "+0.6%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Trend agreement", "value": "99", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 61.9, "confidence_label": "62/100", "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 80% / P 20%", "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": "99/100", "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": "Bearish flow against rising price", "tone": "warning", "score": 41.7, "score_label": "42/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-31"}, {"label": "1W price", "value": "+6.7%"}, {"label": "Call premium", "value": "80%"}, {"label": "Put premium", "value": "20%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 96, "open_interest": 5056, "premium": 1154335.0, "premium_label": "$1.2M", "premium_share": 26.94851991907518, "weighted_strike": 483.3333333333333, "avg_iv": 0.3679175, "max_voi": 4.0, "why": "calls cluster with 96 contracts traded, $1.2M estimated gross traded notional, and 27% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 92, "open_interest": 2776, "premium": 795815.0, "premium_label": "$795815", "premium_share": 18.578693688919437, "weighted_strike": 497.5, "avg_iv": 0.357309, "max_voi": 0.49514563, "why": "calls cluster with 92 contracts traded, $795815 estimated gross traded notional, and 19% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 118, "open_interest": 5647, "premium": 369120.0, "premium_label": "$369120", "premium_share": 8.617288458314988, "weighted_strike": 678.3050847457627, "avg_iv": 0.3240485714285714, "max_voi": 1.5, "why": "calls cluster with 118 contracts traded, $369120 estimated gross traded notional, and 9% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ATM", "tone": "positive", "volume": 151, "open_interest": 28, "premium": 237035.0, "premium_label": "$237035", "premium_share": 5.5336989860118475, "weighted_strike": 572.615894039735, "avg_iv": 0.368525, "max_voi": 14.75, "why": "calls cluster with 151 contracts traded, $237035 estimated gross traded notional, and 6% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ATM", "tone": "positive", "volume": 96, "open_interest": 1035, "premium": 221560.0, "premium_label": "$221560", "premium_share": 5.172427478392579, "weighted_strike": 570.1041666666666, "avg_iv": 0.3156833333333333, "max_voi": 4.0, "why": "calls cluster with 96 contracts traded, $221560 estimated gross traded notional, and 5% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $4.3M of estimated gross traded notional, calls \u00b7 91+ days \u00b7 itm, and a bearish flow against rising 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/62392bd1-8921-4120-a935-b80f1ed83297/", "research_links": {"chart": "/terminal/62392bd1-8921-4120-a935-b80f1ed83297/", "report": "/terminal/62392bd1-8921-4120-a935-b80f1ed83297/report/", "factor": "/factors/ticker/62392bd1-8921-4120-a935-b80f1ed83297/", "insider": "/insider-activity/company/tmo/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}