{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "ZBIO", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 46.45, "avg_conviction_label": "46.5", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "ZBIO", "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": "Healthcare", "count": 1, "avg_score": "46.45", "sector_label": "Healthcare", "industry_label": "", "sector_url": "/structure/us/healthcare/", "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": "ZBIO", "name": "Zenas BioPharma, Inc. Common Stock", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Healthcare", "industry": "Biotechnology", "sector_url": "https://sharemaestro.com/structure/us/healthcare/", "industry_url": "https://sharemaestro.com/structure/us/healthcare/biotechnology/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 46.45, "options_pressure_score": -56.06, "trend_confirmation_score": 47.0, "speculation_score": 4.93, "volatility_score": 96.0, "edge_label": "Volatility expansion watch", "insight": "ZBIO shows volatility options pressure with a 46/100 conviction score, put-call volume ratio of 3.74, expected move of 14.2%, and Sharemaestro trend signal active.", "fetched_at": "2026-07-30T05:07:08.522221+00:00", "snapshot": {"fetched_at": "2026-07-30T05:07:08.522221+00:00", "underlying_price": 30.39, "total_contracts": 224, "call_contracts": 112, "put_contracts": 112, "call_volume": 31, "put_volume": 116, "call_open_interest": 5154, "put_open_interest": 4397, "put_call_volume_ratio": 3.74193548, "put_call_open_interest_ratio": 0.85312379, "volume_open_interest_ratio": 0.01539106, "avg_implied_volatility": 0.83680875, "max_pain_strike": 25.0, "expected_move_percent": 14.23165515, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 30.39, "one_week_change": 2.9122925838130715, "one_week_change_label": "+2.9%", "relative_strength": 14.318963, "fair_value_gap_label": "+65.6%", "trend_signal": "1"}, "premium_flags": [{"label": "Priced move", "value": "14.2%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 83.2, "confidence_label": "83/100", "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": "0.02", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "47/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "11 Aug", "detail": "Matched earnings event is 11 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": 34.9, "score_label": "35/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "-56"}, {"label": "1W price", "value": "+2.9%"}, {"label": "Call premium", "value": "51%"}, {"label": "Put premium", "value": "49%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 23, "open_interest": 2356, "premium": 18975.0, "premium_label": "$18975", "premium_share": 43.53562005277045, "weighted_strike": 45.0, "avg_iv": 0.8051014285714285, "max_voi": 0.23469388, "why": "calls cluster with 23 contracts traded, $18975 estimated gross traded notional, and 44% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 53, "open_interest": 4200, "premium": 18020.0, "premium_label": "$18020", "premium_share": 41.34449925433062, "weighted_strike": 20.0, "avg_iv": 0.7333965, "max_voi": 0.01293629, "why": "puts cluster with 53 contracts traded, $18020 estimated gross traded notional, and 41% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ATM", "tone": "negative", "volume": 5, "open_interest": 2, "premium": 3200.0, "premium_label": "$3200", "premium_share": 7.341975450269588, "weighted_strike": 30.0, "avg_iv": 0.8083533333333334, "max_voi": 0.0, "why": "puts cluster with 5 contracts traded, $3200 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ATM", "tone": "positive", "volume": 4, "open_interest": 7, "premium": 1920.0, "premium_label": "$1920", "premium_share": 4.405185270161753, "weighted_strike": 30.0, "avg_iv": 0.92217, "max_voi": 0.57142857, "why": "calls cluster with 4 contracts traded, $1920 estimated gross traded notional, and 4% of visible notional."}, {"label": "Calls \u00b7 22-45 days \u00b7 ATM", "tone": "positive", "volume": 4, "open_interest": 116, "premium": 1180.0, "premium_label": "$1180", "premium_share": 2.7073534472869105, "weighted_strike": 30.0, "avg_iv": 0.76608, "max_voi": 0.03448276, "why": "calls cluster with 4 contracts traded, $1180 estimated gross traded notional, and 3% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $43585 of estimated gross traded notional, calls \u00b7 91+ days \u00b7 otm, 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/329d01ac-d480-45f4-9582-8ccc5db69754/", "research_links": {"chart": "/terminal/329d01ac-d480-45f4-9582-8ccc5db69754/", "report": "/terminal/329d01ac-d480-45f4-9582-8ccc5db69754/report/", "factor": "/factors/ticker/329d01ac-d480-45f4-9582-8ccc5db69754/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}