{"latest_run": "2026-07-31T15:40:23.426376+00:00", "coverage_count": 6120, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "XRX", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 46.5, "avg_conviction_label": "46.5", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "XRX", "leader_score": "46", "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": "Industrials", "count": 1, "avg_score": "46.50", "sector_label": "Industrials", "industry_label": "", "sector_url": "/structure/us/industrials/", "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": "XRX", "name": "Xerox Corp", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Industrials", "industry": "Business Equipment & Supplies", "sector_url": "https://sharemaestro.com/structure/us/industrials/", "industry_url": "https://sharemaestro.com/structure/us/industrials/business-equipment-supplies/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 46.5, "options_pressure_score": 19.45, "trend_confirmation_score": 78.12, "speculation_score": 38.29, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "XRX shows volatility options pressure with a 47/100 conviction score, put-call volume ratio of 0.72, expected move of 26.2%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-31T15:18:10.546581+00:00", "snapshot": {"fetched_at": "2026-07-31T15:18:10.546581+00:00", "underlying_price": 2.58, "total_contracts": 117, "call_contracts": 63, "put_contracts": 54, "call_volume": 3686, "put_volume": 2661, "call_open_interest": 60154, "put_open_interest": 43615, "put_call_volume_ratio": 0.72192078, "put_call_open_interest_ratio": 0.72505569, "volume_open_interest_ratio": 0.0611647, "avg_implied_volatility": 2.02539341, "max_pain_strike": 2.0, "expected_move_percent": 26.1627907, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 2.58, "one_week_change": -6.859205776173285, "one_week_change_label": "-6.9%", "relative_strength": -13.177103, "fair_value_gap_label": "-66.1%", "trend_signal": "1"}, "premium_flags": [{"label": "Persistent pressure", "value": "4x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "26.2%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend agreement", "value": "78", "detail": "Options positioning and Sharemaestro trend context are aligned."}], "intent": {"slug": "volatility-expansion-bet", "label": "Volatility expansion bet", "tone": "warning", "confidence": 92, "confidence_label": "92/100", "summary": "The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.", "evidence": [{"label": "Notional split", "value": "C 58% / P 42%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.06", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "78/100", "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": "Volatility flow versus price", "tone": "warning", "score": 36.2, "score_label": "36/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+19"}, {"label": "1W price", "value": "-6.9%"}, {"label": "Call premium", "value": "58%"}, {"label": "Put premium", "value": "42%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 1643, "open_interest": 2874, "premium": 394955.0, "premium_label": "$394955", "premium_share": 45.60186307721795, "weighted_strike": 1.0982958003651857, "avg_iv": 1.666507200625, "max_voi": 4.60869565, "why": "calls cluster with 1643 contracts traded, $394955 estimated gross traded notional, and 46% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 1002, "open_interest": 12548, "premium": 297929.5, "premium_label": "$297930", "premium_share": 34.399210709230175, "weighted_strike": 5.11377245508982, "avg_iv": 0.87789404625, "max_voi": 0.80645161, "why": "puts cluster with 1002 contracts traded, $297930 estimated gross traded notional, and 34% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 768, "open_interest": 33149, "premium": 64695.0, "premium_label": "$64695", "premium_share": 7.469743468953716, "weighted_strike": 7.200520833333333, "avg_iv": 1.2274697325925925, "max_voi": 0.56834532, "why": "calls cluster with 768 contracts traded, $64695 estimated gross traded notional, and 7% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 1088, "open_interest": 13599, "premium": 49448.5, "premium_label": "$49448", "premium_share": 5.709368729029412, "weighted_strike": 1.0859375, "avg_iv": 1.207278665625, "max_voi": 1.0, "why": "puts cluster with 1088 contracts traded, $49448 estimated gross traded notional, and 6% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 1036, "open_interest": 6098, "premium": 35369.0, "premium_label": "$35369", "premium_share": 4.083736869208193, "weighted_strike": 3.451737451737452, "avg_iv": 1.29883163, "max_voi": 0.34243994, "why": "calls cluster with 1036 contracts traded, $35369 estimated gross traded notional, and 4% of visible notional."}], "why_this_matters": "Volatility expansion bet matters because it connects the options headline to the actual evidence: $866094 of estimated gross traded notional, calls \u00b7 91+ 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/f5edfe56-5824-4fa8-8cb4-7d06bd3526a7/", "research_links": {"chart": "/terminal/f5edfe56-5824-4fa8-8cb4-7d06bd3526a7/", "report": "/terminal/f5edfe56-5824-4fa8-8cb4-7d06bd3526a7/report/", "factor": "/factors/ticker/f5edfe56-5824-4fa8-8cb4-7d06bd3526a7/", "insider": "/insider-activity/company/xrx/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}