{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "WMB", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 53.61, "avg_conviction_label": "53.6", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "WMB", "leader_score": "54", "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": "Energy", "count": 1, "avg_score": "53.61", "sector_label": "Energy", "industry_label": "", "sector_url": "/structure/us/energy/", "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": "WMB", "name": "Williams Companies Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Energy", "industry": "Oil & Gas Midstream", "sector_url": "https://sharemaestro.com/structure/us/energy/", "industry_url": "https://sharemaestro.com/structure/us/energy/oil-gas-midstream/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 53.61, "options_pressure_score": -72.93, "trend_confirmation_score": 34.58, "speculation_score": 41.78, "volatility_score": 48.04, "edge_label": "Put-side pressure", "insight": "WMB shows bearish options pressure with a 54/100 conviction score, put-call volume ratio of 10.00, expected move of 5.1%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-01T09:54:28.438208+00:00", "snapshot": {"fetched_at": "2026-08-01T09:54:28.438208+00:00", "underlying_price": 74.0, "total_contracts": 710, "call_contracts": 355, "put_contracts": 355, "call_volume": 2086, "put_volume": 20857, "call_open_interest": 237817, "put_open_interest": 61664, "put_call_volume_ratio": 9.99856184, "put_call_open_interest_ratio": 0.25929181, "volume_open_interest_ratio": 0.0766092, "avg_implied_volatility": 0.3929175, "max_pain_strike": 71.0, "expected_move_percent": 5.13513514, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 74.0, "one_week_change": 0.8449168710820387, "one_week_change_label": "+0.8%", "relative_strength": 4.43684, "fair_value_gap_label": "+46.1%", "trend_signal": "1"}, "premium_flags": [{"label": "Context building", "value": "54", "detail": "The chain is live, but no premium alert condition is dominant yet."}], "intent": {"slug": "put-heavy-activity", "label": "Put-heavy activity", "tone": "negative", "confidence": 88.8, "confidence_label": "89/100", "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 19% / P 81%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.08", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "35/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "3 Aug", "detail": "Matched earnings event is 2 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": "Bearish flow against rising price", "tone": "warning", "score": 42.9, "score_label": "43/100", "summary": "Put-side pressure is building while price is rising, a cautionary divergence.", "metrics": [{"label": "Options pressure", "value": "-73"}, {"label": "1W price", "value": "+0.8%"}, {"label": "Call premium", "value": "19%"}, {"label": "Put premium", "value": "81%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 22-45 days \u00b7 OTM", "tone": "negative", "volume": 18032, "open_interest": 18714, "premium": 950667.5, "premium_label": "$950668", "premium_share": 48.21904988942766, "weighted_strike": 64.00820763087845, "avg_iv": 0.3135561538461539, "max_voi": 7.0, "why": "puts cluster with 18032 contracts traded, $950668 estimated gross traded notional, and 48% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 OTM", "tone": "negative", "volume": 1144, "open_interest": 7113, "premium": 267362.5, "premium_label": "$267362", "premium_share": 13.560961877903791, "weighted_strike": 67.8409090909091, "avg_iv": 0.43681916666666665, "max_voi": 2.0726257, "why": "puts cluster with 1144 contracts traded, $267362 estimated gross traded notional, and 14% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 564, "open_interest": 1082, "premium": 127460.0, "premium_label": "$127460", "premium_share": 6.464931323419019, "weighted_strike": 71.69148936170212, "avg_iv": 0.41730875, "max_voi": 41.25, "why": "calls cluster with 564 contracts traded, $127460 estimated gross traded notional, and 6% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 415, "open_interest": 16400, "premium": 124392.5, "premium_label": "$124392", "premium_share": 6.309343869828968, "weighted_strike": 60.33734939759036, "avg_iv": 0.3619340740740741, "max_voi": 5.75, "why": "puts cluster with 415 contracts traded, $124392 estimated gross traded notional, and 6% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 OTM", "tone": "negative", "volume": 623, "open_interest": 15025, "premium": 119837.5, "premium_label": "$119838", "premium_share": 6.078308547546106, "weighted_strike": 70.73996789727127, "avg_iv": 0.440145, "max_voi": 3.6, "why": "puts cluster with 623 contracts traded, $119838 estimated gross traded notional, and 6% of visible notional."}], "why_this_matters": "Put-heavy activity matters because it connects the options headline to the actual evidence: $2.0M of estimated gross traded notional, puts \u00b7 22-45 days \u00b7 otm, 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/84f5b0ae-65c2-464a-811e-fe7faecda748/", "research_links": {"chart": "/terminal/84f5b0ae-65c2-464a-811e-fe7faecda748/", "report": "/terminal/84f5b0ae-65c2-464a-811e-fe7faecda748/report/", "factor": "/factors/ticker/84f5b0ae-65c2-464a-811e-fe7faecda748/", "insider": "/insider-activity/company/wmb/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}