{"latest_run": "2026-07-31T20:50:00.033648+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "WMG", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 48.75, "avg_conviction_label": "48.8", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "WMG", "leader_score": "49", "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": "Communication Services", "count": 1, "avg_score": "48.75", "sector_label": "Communication Services", "industry_label": "", "sector_url": "/structure/us/communication-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": "WMG", "name": "Warner Music Group", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Communication Services", "industry": "Entertainment", "sector_url": "https://sharemaestro.com/structure/us/communication-services/", "industry_url": "https://sharemaestro.com/structure/us/communication-services/entertainment/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 48.75, "options_pressure_score": -47.29, "trend_confirmation_score": 84.35, "speculation_score": 1.51, "volatility_score": 66.27, "edge_label": "Put-side pressure", "insight": "WMG shows bearish options pressure with a 49/100 conviction score, put-call volume ratio of 2.09, expected move of 8.5%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-08-01T12:35:26.582881+00:00", "snapshot": {"fetched_at": "2026-08-01T12:35:26.582881+00:00", "underlying_price": 25.96, "total_contracts": 222, "call_contracts": 111, "put_contracts": 111, "call_volume": 22, "put_volume": 46, "call_open_interest": 8108, "put_open_interest": 21183, "put_call_volume_ratio": 2.09090909, "put_call_open_interest_ratio": 2.61260483, "volume_open_interest_ratio": 0.00232153, "avg_implied_volatility": 0.4624275, "max_pain_strike": 27.0, "expected_move_percent": 8.47457627, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 25.96, "one_week_change": -2.2222222222222223, "one_week_change_label": "-2.2%", "relative_strength": -20.322646, "fair_value_gap_label": "-13.6%", "trend_signal": "0"}, "premium_flags": [{"label": "Priced move", "value": "8.5%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "84", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 86.6, "confidence_label": "87/100", "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 15% / P 85%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.00", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "84/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "6 Aug", "detail": "Matched earnings event is 5 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 confirms price", "tone": "negative", "score": 28.2, "score_label": "28/100", "summary": "Options pressure and weekly price action are both cautionary.", "metrics": [{"label": "Options pressure", "value": "-47"}, {"label": "1W price", "value": "-2.2%"}, {"label": "Call premium", "value": "15%"}, {"label": "Put premium", "value": "85%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 8-21 days \u00b7 ITM", "tone": "negative", "volume": 27, "open_interest": 82, "premium": 6305.0, "premium_label": "$6305", "premium_share": 68.03345022929592, "weighted_strike": 27.814814814814813, "avg_iv": 0.18693727272727273, "max_voi": 0.06097561, "why": "puts cluster with 27 contracts traded, $6305 estimated gross traded notional, and 68% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 22, "open_interest": 387, "premium": 1410.0, "premium_label": "$1410", "premium_share": 15.214459131373077, "weighted_strike": 27.181818181818183, "avg_iv": 0.3980181818181818, "max_voi": 0.18181818, "why": "calls cluster with 22 contracts traded, $1410 estimated gross traded notional, and 15% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 OTM", "tone": "negative", "volume": 12, "open_interest": 20791, "premium": 755.0, "premium_label": "$755", "premium_share": 8.146749393040194, "weighted_strike": 24.083333333333332, "avg_iv": 0.38420857142857145, "max_voi": 0.05882353, "why": "puts cluster with 12 contracts traded, $755 estimated gross traded notional, and 8% of visible notional."}, {"label": "Puts \u00b7 8-21 days \u00b7 ATM", "tone": "negative", "volume": 3, "open_interest": 102, "premium": 397.5, "premium_label": "$398", "premium_share": 4.289182627461559, "weighted_strike": 26.0, "avg_iv": 0.54169, "max_voi": 0.02941176, "why": "puts cluster with 3 contracts traded, $398 estimated gross traded notional, and 4% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 1, "open_interest": 84, "premium": 227.5, "premium_label": "$228", "premium_share": 2.4548152144591313, "weighted_strike": 25.0, "avg_iv": 0.3441375, "max_voi": 0.02777778, "why": "puts cluster with 1 contracts traded, $228 estimated gross traded notional, and 2% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $9268 of estimated gross traded notional, puts \u00b7 8-21 days \u00b7 itm, and a bearish flow confirms 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/faab8d4e-a7f0-4650-9aa7-706e271c1f00/", "research_links": {"chart": "/terminal/faab8d4e-a7f0-4650-9aa7-706e271c1f00/", "report": "/terminal/faab8d4e-a7f0-4650-9aa7-706e271c1f00/report/", "factor": "/factors/ticker/faab8d4e-a7f0-4650-9aa7-706e271c1f00/", "insider": "/insider-activity/company/wmg/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}