{"latest_run": "2026-09-22T16:50:33.574486+00:00", "coverage_count": 6119, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "UTHR", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 65.61, "avg_conviction_label": "65.6", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "UTHR", "leader_score": "66", "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": "65.61", "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": 1, "url": "/options/conviction/60-79/", "bar_width": 100.0}, {"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": 0, "url": "/options/conviction/under-40/", "bar_width": 0.0}]}, "signals": [{"symbol": "UTHR", "name": "United Therapeutics Corporation", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Drug Manufacturers - Specialty & Generic", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/drug-manufacturers-specialty-generic/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 65.61, "options_pressure_score": -85.53, "trend_confirmation_score": 55.55, "speculation_score": 45.63, "volatility_score": 52.09, "edge_label": "Put-side pressure", "insight": "UTHR shows bearish options pressure with a 66/100 conviction score, put-call volume ratio of 13.39, expected move of 6.7%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-09-22T16:04:36.116091+00:00", "snapshot": {"fetched_at": "2026-09-22T16:04:36.116091+00:00", "underlying_price": 494.63, "total_contracts": 209, "call_contracts": 111, "put_contracts": 98, "call_volume": 681, "put_volume": 9119, "call_open_interest": 20694, "put_open_interest": 19715, "put_call_volume_ratio": 13.39060206, "put_call_open_interest_ratio": 0.9526916, "volume_open_interest_ratio": 0.24252023, "avg_implied_volatility": 0.36341732, "max_pain_strike": 520.0, "expected_move_percent": 6.66154499, "nearest_expiration": "2026-10-16"}, "market": {"latest_close": 494.63, "one_week_change": -0.49888354690108827, "one_week_change_label": "-0.5%", "relative_strength": -12.400272, "fair_value_gap_label": "+34.3%", "trend_signal": "0"}, "premium_flags": [{"label": "Priced move", "value": "6.7%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 94, "confidence_label": "94/100", "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 16% / P 84%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.24", "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": "Bearish flow before price confirmation", "tone": "negative", "score": 48.2, "score_label": "48/100", "summary": "Put-side pressure is present before a decisive weekly price breakdown.", "metrics": [{"label": "Options pressure", "value": "-86"}, {"label": "1W price", "value": "-0.5%"}, {"label": "Call premium", "value": "16%"}, {"label": "Put premium", "value": "84%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 22-45 days \u00b7 OTM", "tone": "negative", "volume": 8327, "open_interest": 16703, "premium": 1361112.5, "premium_label": "$1.4M", "premium_share": 26.61165619330705, "weighted_strike": 429.9411552780113, "avg_iv": 0.5669210563636363, "max_voi": 1.0, "why": "puts cluster with 8327 contracts traded, $1.4M estimated gross traded notional, and 27% of visible notional."}, {"label": "Puts \u00b7 22-45 days \u00b7 ITM", "tone": "negative", "volume": 250, "open_interest": 1196, "premium": 1159965.0, "premium_label": "$1.2M", "premium_share": 22.678940775482857, "weighted_strike": 539.68, "avg_iv": 0.5120811214285714, "max_voi": 0.85017422, "why": "puts cluster with 250 contracts traded, $1.2M estimated gross traded notional, and 23% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 132, "open_interest": 190, "premium": 763250.0, "premium_label": "$763,250", "premium_share": 14.922606757003264, "weighted_strike": 553.1060606060606, "avg_iv": 0.18470951235294117, "max_voi": 0.96666667, "why": "puts cluster with 132 contracts traded, $763,250 estimated gross traded notional, and 15% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 OTM", "tone": "positive", "volume": 271, "open_interest": 964, "premium": 510159.0, "premium_label": "$510,159", "premium_share": 9.974323145163481, "weighted_strike": 595.7933579335794, "avg_iv": 0.5081790054545454, "max_voi": 4.34782609, "why": "calls cluster with 271 contracts traded, $510,159 estimated gross traded notional, and 10% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 111, "open_interest": 327, "premium": 421450.0, "premium_label": "$421,450", "premium_share": 8.239937920391778, "weighted_strike": 499.63963963963965, "avg_iv": 0.3245103366666667, "max_voi": 0.66666667, "why": "puts cluster with 111 contracts traded, $421,450 estimated gross traded notional, and 8% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $5.1M of estimated gross traded notional, puts \u00b7 22-45 days \u00b7 otm, and a bearish flow before price confirmation 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/fbffdb96-6605-4c75-a92b-ecbfdce86d82/", "research_links": {"chart": "/terminal/fbffdb96-6605-4c75-a92b-ecbfdce86d82/", "report": "/terminal/fbffdb96-6605-4c75-a92b-ecbfdce86d82/report/", "factor": "/factors/ticker/fbffdb96-6605-4c75-a92b-ecbfdce86d82/", "insider": "/insider-activity/company/uthr/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}