{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "ZS", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 38.38, "avg_conviction_label": "38.4", "bullish": 1, "bearish": 0, "volatility": 0, "mixed": 0, "leader": "ZS", "leader_score": "38", "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": [{"ticker__sector": "Technology", "count": 1, "avg_score": "38.38", "sector_label": "Technology", "industry_label": "", "sector_url": "/structure/us/technology/", "industry_url": "", "bar_width": 100.0}], "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": 0, "url": "/options/conviction/40-59/", "bar_width": 0.0}, {"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": 1, "url": "/options/conviction/under-40/", "bar_width": 100.0}]}, "signals": [{"symbol": "ZS", "name": "Zscaler Inc", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Technology", "industry": "Software - Infrastructure", "sector_url": "https://sharemaestro.com/structure/us/technology/", "industry_url": "https://sharemaestro.com/structure/us/technology/software-infrastructure/", "direction": "bullish", "direction_label": "Bullish", "tone": "positive", "conviction_score": 38.38, "options_pressure_score": 47.94, "trend_confirmation_score": 12.1, "speculation_score": 42.18, "volatility_score": 58.13, "edge_label": "Call-side pressure", "insight": "ZS shows bullish options pressure with a 38/100 conviction score, put-call volume ratio of 0.38, expected move of 4.4%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-07-30T19:53:59.148198+00:00", "snapshot": {"fetched_at": "2026-07-30T19:53:59.148198+00:00", "underlying_price": 142.32, "total_contracts": 1295, "call_contracts": 668, "put_contracts": 627, "call_volume": 15460, "put_volume": 5885, "call_open_interest": 130177, "put_open_interest": 96737, "put_call_volume_ratio": 0.38065977, "put_call_open_interest_ratio": 0.74311898, "volume_open_interest_ratio": 0.09406647, "avg_implied_volatility": 0.57794612, "max_pain_strike": 146.0, "expected_move_percent": 4.41961776, "nearest_expiration": "2026-07-31"}, "market": {"latest_close": 142.32, "one_week_change": -5.08203281312525, "one_week_change_label": "-5.1%", "relative_strength": -38.790456, "fair_value_gap_label": "-30.2%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Bullish pressure has repeated across recent market sessions."}, {"label": "Trend conflict", "value": "12", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "short-dated-otm-call-concentration", "label": "Short-dated OTM call concentration", "tone": "warning", "confidence": 94, "confidence_label": "94/100", "summary": "Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.", "evidence": [{"label": "Notional split", "value": "C 59% / P 41%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.09", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "12/100", "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 against weak price", "tone": "warning", "score": 44.4, "score_label": "44/100", "summary": "Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.", "metrics": [{"label": "Options pressure", "value": "+48"}, {"label": "1W price", "value": "-5.1%"}, {"label": "Call premium", "value": "59%"}, {"label": "Put premium", "value": "41%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 2215, "open_interest": 2655, "premium": 11091207.5, "premium_label": "$11.1M", "premium_share": 42.27064502307339, "weighted_strike": 111.23250564334086, "avg_iv": 0.7744829018181818, "max_voi": 0.99948586, "why": "calls cluster with 2215 contracts traded, $11.1M estimated gross traded notional, and 42% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 783, "open_interest": 2869, "premium": 5293775.0, "premium_label": "$5.3M", "premium_share": 20.175556525925636, "weighted_strike": 210.1660280970626, "avg_iv": 0.3899580186111111, "max_voi": 1.32758621, "why": "puts cluster with 783 contracts traded, $5.3M estimated gross traded notional, and 20% of visible notional."}, {"label": "Puts \u00b7 46-90 days \u00b7 ITM", "tone": "negative", "volume": 514, "open_interest": 2238, "premium": 3350708.5, "premium_label": "$3.4M", "premium_share": 12.770170387606102, "weighted_strike": 206.18677042801556, "avg_iv": 0.5040841425, "max_voi": 39.0, "why": "puts cluster with 514 contracts traded, $3.4M estimated gross traded notional, and 13% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 1470, "open_interest": 9415, "premium": 2163517.5, "premium_label": "$2.2M", "premium_share": 8.245565709928986, "weighted_strike": 216.40816326530611, "avg_iv": 0.6557868439473684, "max_voi": 1.13226453, "why": "calls cluster with 1470 contracts traded, $2.2M estimated gross traded notional, and 8% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 546, "open_interest": 4045, "premium": 790654.5, "premium_label": "$790654", "premium_share": 3.0133306680445373, "weighted_strike": 107.63736263736264, "avg_iv": 0.6493068018518519, "max_voi": 1.15384615, "why": "puts cluster with 546 contracts traded, $790654 estimated gross traded notional, and 3% of visible notional."}], "why_this_matters": "Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $26.2M of estimated gross traded notional, calls \u00b7 91+ days \u00b7 itm, and a bullish flow against weak 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/80aadcc6-e58a-4bd9-b907-77371851eb4d/", "research_links": {"chart": "/terminal/80aadcc6-e58a-4bd9-b907-77371851eb4d/", "report": "/terminal/80aadcc6-e58a-4bd9-b907-77371851eb4d/report/", "factor": "/factors/ticker/80aadcc6-e58a-4bd9-b907-77371851eb4d/", "insider": "/insider-activity/company/zs/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}