{"latest_run": null, "coverage_count": 6093, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "VRNS", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 47.37, "avg_conviction_label": "47.4", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "VRNS", "leader_score": "47", "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": "47.37", "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": "VRNS", "name": "Varonis Systems", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Software - Infrastructure", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/software-infrastructure/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 47.37, "options_pressure_score": -43.66, "trend_confirmation_score": 54.46, "speculation_score": 23.98, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "VRNS shows volatility options pressure with a 47/100 conviction score, put-call volume ratio of 2.78, expected move of 16.2%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-03T21:21:15.354161+00:00", "snapshot": {"fetched_at": "2026-08-03T21:21:15.354161+00:00", "underlying_price": 39.95, "total_contracts": 104, "call_contracts": 58, "put_contracts": 46, "call_volume": 907, "put_volume": 2524, "call_open_interest": 23549, "put_open_interest": 16735, "put_call_volume_ratio": 2.78280044, "put_call_open_interest_ratio": 0.71064589, "volume_open_interest_ratio": 0.08517029, "avg_implied_volatility": 1.06506533, "max_pain_strike": 45.0, "expected_move_percent": 16.2077597, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 39.95, "one_week_change": -12.658504591167468, "one_week_change_label": "-12.7%", "relative_strength": -3.591307, "fair_value_gap_label": "-6.5%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "16.2%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 87.9, "confidence_label": "88/100", "summary": "Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.", "evidence": [{"label": "Notional split", "value": "C 51% / P 49%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.09", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "54/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "4 Aug", "detail": "Matched earnings event is 0 days away."}], "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": 61.9, "score_label": "62/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "-44"}, {"label": "1W price", "value": "-12.7%"}, {"label": "Call premium", "value": "51%"}, {"label": "Put premium", "value": "49%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 315, "open_interest": 2657, "premium": 392060.0, "premium_label": "$392,060", "premium_share": 28.555613014122667, "weighted_strike": 29.928571428571427, "avg_iv": 0.565728076, "max_voi": 0.27549195, "why": "calls cluster with 315 contracts traded, $392,060 estimated gross traded notional, and 29% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ATM", "tone": "negative", "volume": 781, "open_interest": 8515, "premium": 216727.5, "premium_label": "$216,728", "premium_share": 15.785304850069558, "weighted_strike": 40.0, "avg_iv": 0.90332128, "max_voi": 0.09172049, "why": "puts cluster with 781 contracts traded, $216,728 estimated gross traded notional, and 16% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 85, "open_interest": 2417, "premium": 151235.0, "premium_label": "$151,235", "premium_share": 11.015171489544564, "weighted_strike": 22.176470588235293, "avg_iv": 0.5172583572727273, "max_voi": 1.66666667, "why": "calls cluster with 85 contracts traded, $151,235 estimated gross traded notional, and 11% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 252, "open_interest": 244, "premium": 142380.0, "premium_label": "$142,380", "premium_share": 10.370219305592984, "weighted_strike": 45.0, "avg_iv": 0.540531935, "max_voi": 1.05, "why": "puts cluster with 252 contracts traded, $142,380 estimated gross traded notional, and 10% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 1081, "open_interest": 5078, "premium": 109855.0, "premium_label": "$109,855", "premium_share": 8.001267325578855, "weighted_strike": 24.67391304347826, "avg_iv": 0.7589816145454545, "max_voi": 1.5600624, "why": "puts cluster with 1081 contracts traded, $109,855 estimated gross traded notional, and 8% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.4M 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/fa4fb718-e138-43c8-a1ef-77cd37b9c1fb/", "research_links": {"chart": "/terminal/fa4fb718-e138-43c8-a1ef-77cd37b9c1fb/", "report": "/terminal/fa4fb718-e138-43c8-a1ef-77cd37b9c1fb/report/", "factor": "/factors/ticker/fa4fb718-e138-43c8-a1ef-77cd37b9c1fb/", "insider": "/insider-activity/company/vrns/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}