{"latest_run": null, "coverage_count": 6093, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "XLE", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 41.14, "avg_conviction_label": "41.1", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "XLE", "leader_score": "41", "leader_direction": "bullish", "leader_direction_label": "Bullish", "leader_tone": "positive", "leader_read": "The strongest current read leans call-side, which is generally constructive if the chart also supports it."}, "charts": {"sectors": [], "directions": [{"direction": "bullish", "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": "XLE", "name": "SELECT SECTOR SPDR TRUST STATE STREET ENERGY SELECT SECTOR SPDR E", "exchange": "NYSEARCA", "country": "US", "currency": "USD", "sector": "", "industry": "", "sector_url": "", "industry_url": "", "direction": "bullish", "direction_label": "Bullish", "tone": "positive", "conviction_score": 41.14, "options_pressure_score": 29.05, "trend_confirmation_score": 65.29, "speculation_score": 40.52, "volatility_score": 30.54, "edge_label": "Call-side pressure", "insight": "XLE shows bullish options pressure with a 41/100 conviction score, put-call volume ratio of 0.48, expected move of 2.6%, and Sharemaestro trend signal active.", "fetched_at": "2026-08-04T07:16:43.412960+00:00", "snapshot": {"fetched_at": "2026-08-04T07:16:43.412960+00:00", "underlying_price": 59.55, "total_contracts": 1668, "call_contracts": 834, "put_contracts": 834, "call_volume": 65750, "put_volume": 31316, "call_open_interest": 1710255, "put_open_interest": 2626078, "put_call_volume_ratio": 0.47628897, "put_call_open_interest_ratio": 1.53548915, "volume_open_interest_ratio": 0.02238435, "avg_implied_volatility": 0.2856025, "max_pain_strike": 59.0, "expected_move_percent": 2.63643997, "nearest_expiration": "2026-08-07"}, "market": {"latest_close": 59.55, "one_week_change": -0.11741026501174102, "one_week_change_label": "-0.1%", "relative_strength": 8.534391, "fair_value_gap_label": "+33.1%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "2x", "detail": "Bullish pressure has repeated across recent market sessions."}, {"label": "Pin watch", "value": "+0.9%", "detail": "Underlying price is close to max pain, useful for expiry-week context."}, {"label": "Trend agreement", "value": "65", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "call-heavy-activity-with-trend-alignment", "label": "Call-heavy activity with trend alignment", "tone": "positive", "confidence": 82.6, "confidence_label": "83/100", "summary": "Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.", "evidence": [{"label": "Notional split", "value": "C 78% / P 22%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.02", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "65/100", "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": "Bullish flow before price confirmation", "tone": "positive", "score": 20.7, "score_label": "21/100", "summary": "Call-side pressure is building before a meaningful weekly price response.", "metrics": [{"label": "Options pressure", "value": "+29"}, {"label": "1W price", "value": "-0.1%"}, {"label": "Call premium", "value": "78%"}, {"label": "Put premium", "value": "22%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 8-21 days \u00b7 ATM", "tone": "positive", "volume": 35618, "open_interest": 98075, "premium": 3363173.0, "premium_label": "$3.4M", "premium_share": 27.509800731479302, "weighted_strike": 59.83282329159414, "avg_iv": 0.26283833333333334, "max_voi": 21.3953168, "why": "calls cluster with 35618 contracts traded, $3.4M estimated gross traded notional, and 28% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 ITM", "tone": "positive", "volume": 2377, "open_interest": 109526, "premium": 1596123.0, "premium_label": "$1.6M", "premium_share": 13.05583318875685, "weighted_strike": 52.48737904922171, "avg_iv": 0.31042294117647057, "max_voi": 13.04166667, "why": "calls cluster with 2377 contracts traded, $1.6M estimated gross traded notional, and 13% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ATM", "tone": "positive", "volume": 7718, "open_interest": 75515, "premium": 1324713.0, "premium_label": "$1.3M", "premium_share": 10.835776410074695, "weighted_strike": 59.88209380668567, "avg_iv": 0.2595246153846154, "max_voi": 10.0, "why": "calls cluster with 7718 contracts traded, $1.3M estimated gross traded notional, and 11% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ITM", "tone": "positive", "volume": 927, "open_interest": 30898, "premium": 858301.5, "premium_label": "$858,302", "premium_share": 7.020662699340707, "weighted_strike": 50.461704422869474, "avg_iv": 0.304625, "max_voi": 4.32727273, "why": "calls cluster with 927 contracts traded, $858,302 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 647, "open_interest": 212769, "premium": 634102.5, "premium_label": "$634,102", "premium_share": 5.186778503018683, "weighted_strike": 51.18238021638331, "avg_iv": 0.17585111111111112, "max_voi": 0.81481481, "why": "calls cluster with 647 contracts traded, $634,102 estimated gross traded notional, and 5% of visible notional."}], "why_this_matters": "Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $12.2M of estimated gross traded notional, calls \u00b7 8-21 days \u00b7 atm, and a bullish 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/8b40c7c6-a3c7-4d0b-8d87-648db5deb3e1/", "research_links": {"chart": "/terminal/8b40c7c6-a3c7-4d0b-8d87-648db5deb3e1/", "report": "", "factor": ""}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}