{"latest_run": "2026-07-31T20:00:00.061746+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "UMC", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 58.68, "avg_conviction_label": "58.7", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "UMC", "leader_score": "59", "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": "Technology", "count": 1, "avg_score": "58.68", "sector_label": "Technology", "industry_label": "", "sector_url": "/structure/us/technology/", "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": "UMC", "name": "United Microelectronics", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Semiconductors", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/semiconductors/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 58.68, "options_pressure_score": 58.52, "trend_confirmation_score": 59.78, "speculation_score": 40.7, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "UMC shows volatility options pressure with a 59/100 conviction score, put-call volume ratio of 0.32, expected move of 16.4%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-31T19:14:58.694950+00:00", "snapshot": {"fetched_at": "2026-07-31T19:14:58.694950+00:00", "underlying_price": 19.48, "total_contracts": 259, "call_contracts": 140, "put_contracts": 119, "call_volume": 4816, "put_volume": 1522, "call_open_interest": 144069, "put_open_interest": 65431, "put_call_volume_ratio": 0.3160299, "put_call_open_interest_ratio": 0.45416432, "volume_open_interest_ratio": 0.03025298, "avg_implied_volatility": 0.84314122, "max_pain_strike": 23.0, "expected_move_percent": 16.42710472, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 19.48, "one_week_change": -8.329411764705883, "one_week_change_label": "-8.3%", "relative_strength": 61.774627, "fair_value_gap_label": "+130.9%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "16.4%", "detail": "Options are pricing a wider near-term move."}], "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 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": "0.03", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "60/100", "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": 58.6, "score_label": "59/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+59"}, {"label": "1W price", "value": "-8.3%"}, {"label": "Call premium", "value": "80%"}, {"label": "Put premium", "value": "20%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 659, "open_interest": 13265, "premium": 805660.0, "premium_label": "$805660", "premium_share": 27.903737197957874, "weighted_strike": 7.500758725341426, "avg_iv": 1.5425858642105263, "max_voi": 1.0, "why": "calls cluster with 659 contracts traded, $805660 estimated gross traded notional, and 28% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 509, "open_interest": 20325, "premium": 695745.0, "premium_label": "$695745", "premium_share": 24.09687167886354, "weighted_strike": 6.359528487229863, "avg_iv": 1.3324587577777778, "max_voi": 5.84745763, "why": "calls cluster with 509 contracts traded, $695745 estimated gross traded notional, and 24% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 2403, "open_interest": 28190, "premium": 575147.5, "premium_label": "$575148", "premium_share": 19.92002170898701, "weighted_strike": 21.357885975863503, "avg_iv": 0.8646469188235294, "max_voi": 2.0, "why": "calls cluster with 2403 contracts traded, $575148 estimated gross traded notional, and 20% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 195, "open_interest": 4174, "premium": 213810.0, "premium_label": "$213810", "premium_share": 7.4052305566807, "weighted_strike": 28.58974358974359, "avg_iv": 0.6861798964, "max_voi": 1.02631579, "why": "puts cluster with 195 contracts traded, $213810 estimated gross traded notional, and 7% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 252, "open_interest": 10804, "premium": 196625.0, "premium_label": "$196625", "premium_share": 6.81003441470157, "weighted_strike": 26.134920634920636, "avg_iv": 0.77418503, "max_voi": 1.0, "why": "puts cluster with 252 contracts traded, $196625 estimated gross traded notional, and 7% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $2.9M 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/993393a8-8c99-4bfd-be52-64520ecac30f/", "research_links": {"chart": "/terminal/993393a8-8c99-4bfd-be52-64520ecac30f/", "report": "/terminal/993393a8-8c99-4bfd-be52-64520ecac30f/report/", "factor": "/factors/ticker/993393a8-8c99-4bfd-be52-64520ecac30f/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}