{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "TRV", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 42.14, "avg_conviction_label": "42.1", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "TRV", "leader_score": "42", "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": "Financial Services", "count": 1, "avg_score": "42.14", "sector_label": "Financial Services", "industry_label": "", "sector_url": "/structure/us/financial-services/", "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": "TRV", "name": "The Travelers Companies Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Financial Services", "industry": "Insurance - Property & Casualty", "sector_url": "https://sharemaestro.com/structure/us/financial-services/", "industry_url": "https://sharemaestro.com/structure/us/financial-services/insurance-property-casualty/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 42.14, "options_pressure_score": -38.54, "trend_confirmation_score": 60.55, "speculation_score": 28.93, "volatility_score": 38.39, "edge_label": "Put-side pressure", "insight": "TRV shows bearish options pressure with a 42/100 conviction score, put-call volume ratio of 2.37, expected move of 5.2%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-30T21:00:13.815524+00:00", "snapshot": {"fetched_at": "2026-07-30T21:00:13.815524+00:00", "underlying_price": 387.26, "total_contracts": 316, "call_contracts": 163, "put_contracts": 153, "call_volume": 1148, "put_volume": 2724, "call_open_interest": 10001, "put_open_interest": 8202, "put_call_volume_ratio": 2.3728223, "put_call_open_interest_ratio": 0.82011799, "volume_open_interest_ratio": 0.21271219, "avg_implied_volatility": 0.2536772, "max_pain_strike": 370.0, "expected_move_percent": 5.15803336, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 387.26, "one_week_change": 4.954198059515421, "one_week_change_label": "+5.0%", "relative_strength": 23.124008, "fair_value_gap_label": "+60.7%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bearish pressure has repeated across recent market sessions."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 66.2, "confidence_label": "66/100", "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 62% / P 38%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.21", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "61/100", "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": 37.4, "score_label": "37/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-39"}, {"label": "1W price", "value": "+5.0%"}, {"label": "Call premium", "value": "62%"}, {"label": "Put premium", "value": "38%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 223, "open_interest": 1798, "premium": 2466160.0, "premium_label": "$2.5M", "premium_share": 39.57746336473594, "weighted_strike": 258.0269058295964, "avg_iv": 0.26723594432432435, "max_voi": 3.0, "why": "calls cluster with 223 contracts traded, $2.5M estimated gross traded notional, and 40% of visible notional."}, {"label": "Puts \u00b7 22-45 days \u00b7 OTM", "tone": "negative", "volume": 1594, "open_interest": 3803, "premium": 669466.5, "premium_label": "$669466", "premium_share": 10.743741637877509, "weighted_strike": 363.13676286072774, "avg_iv": 0.5368745914285714, "max_voi": 1.34702703, "why": "puts cluster with 1594 contracts traded, $669466 estimated gross traded notional, and 11% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 117, "open_interest": 126, "premium": 616305.0, "premium_label": "$616305", "premium_share": 9.89059451090099, "weighted_strike": 427.0940170940171, "avg_iv": 0.24443809833333333, "max_voi": 1.0, "why": "puts cluster with 117 contracts traded, $616305 estimated gross traded notional, and 10% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ATM", "tone": "positive", "volume": 176, "open_interest": 876, "premium": 583065.0, "premium_label": "$583065", "premium_share": 9.35715187853171, "weighted_strike": 389.03409090909093, "avg_iv": 0.28885980125, "max_voi": 1.9047619, "why": "calls cluster with 176 contracts traded, $583065 estimated gross traded notional, and 9% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 OTM", "tone": "negative", "volume": 513, "open_interest": 1260, "premium": 331149.0, "premium_label": "$331149", "premium_share": 5.314350008016083, "weighted_strike": 350.55555555555554, "avg_iv": 0.4457039429032258, "max_voi": 2.42857143, "why": "puts cluster with 513 contracts traded, $331149 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: $6.2M 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/98deef21-dc8f-4b7c-8220-164fd740591c/", "research_links": {"chart": "/terminal/98deef21-dc8f-4b7c-8220-164fd740591c/", "report": "/terminal/98deef21-dc8f-4b7c-8220-164fd740591c/report/", "factor": "/factors/ticker/98deef21-dc8f-4b7c-8220-164fd740591c/", "insider": "/insider-activity/company/trv/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}