{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "ZTO", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 60.14, "avg_conviction_label": "60.1", "bullish": 0, "bearish": 1, "volatility": 0, "mixed": 0, "leader": "ZTO", "leader_score": "60", "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": "Industrials", "count": 1, "avg_score": "60.14", "sector_label": "Industrials", "industry_label": "", "sector_url": "/structure/us/industrials/", "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": 1, "url": "/options/conviction/60-79/", "bar_width": 100.0}, {"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": 0, "url": "/options/conviction/under-40/", "bar_width": 0.0}]}, "signals": [{"symbol": "ZTO", "name": "ZTO Express (Cayman) Inc", "exchange": "NYSE", "country": "US", "currency": "USD", "sector": "Industrials", "industry": "Integrated Freight & Logistics", "sector_url": "https://sharemaestro.com/structure/us/industrials/", "industry_url": "https://sharemaestro.com/structure/us/industrials/integrated-freight-logistics/", "direction": "bearish", "direction_label": "Bearish", "tone": "negative", "conviction_score": 60.14, "options_pressure_score": -88.6, "trend_confirmation_score": 45.27, "speculation_score": 18.7, "volatility_score": 70.39, "edge_label": "Put-side pressure", "insight": "ZTO shows bearish options pressure with a 60/100 conviction score, put-call volume ratio of 9.10, expected move of 6.9%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-07-30T17:42:29.200004+00:00", "snapshot": {"fetched_at": "2026-07-30T17:42:29.200004+00:00", "underlying_price": 23.98, "total_contracts": 122, "call_contracts": 66, "put_contracts": 56, "call_volume": 488, "put_volume": 4443, "call_open_interest": 15675, "put_open_interest": 26640, "put_call_volume_ratio": 9.1045082, "put_call_open_interest_ratio": 1.69952153, "volume_open_interest_ratio": 0.11653078, "avg_implied_volatility": 0.61243063, "max_pain_strike": 22.0, "expected_move_percent": 6.88073394, "nearest_expiration": "2026-08-21"}, "market": {"latest_close": 23.98, "one_week_change": 0.2508361204013378, "one_week_change_label": "+0.3%", "relative_strength": 2.960718, "fair_value_gap_label": "+18.8%", "trend_signal": "0"}, "premium_flags": [{"label": "Priced move", "value": "6.9%", "detail": "Options are pricing a wider near-term move."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 78.5, "confidence_label": "79/100", "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 9% / P 91%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.12", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "45/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "18 Aug", "detail": "Matched earnings event is 18 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 before price confirmation", "tone": "negative", "score": 44.0, "score_label": "44/100", "summary": "Put-side pressure is present before a decisive weekly price breakdown.", "metrics": [{"label": "Options pressure", "value": "-89"}, {"label": "1W price", "value": "+0.3%"}, {"label": "Call premium", "value": "9%"}, {"label": "Put premium", "value": "91%"}]}, "conviction_clusters": [{"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 3023, "open_interest": 10633, "premium": 977117.5, "premium_label": "$977118", "premium_share": 80.47080051817952, "weighted_strike": 25.041349652662916, "avg_iv": 0.32990172, "max_voi": 2.0, "why": "puts cluster with 3023 contracts traded, $977118 estimated gross traded notional, and 80% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 OTM", "tone": "negative", "volume": 1173, "open_interest": 10977, "premium": 81990.0, "premium_label": "$81990", "premium_share": 6.752310683705428, "weighted_strike": 17.982097186700766, "avg_iv": 0.48786352866666666, "max_voi": 1.0, "why": "puts cluster with 1173 contracts traded, $81990 estimated gross traded notional, and 7% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 ITM", "tone": "positive", "volume": 97, "open_interest": 2088, "premium": 60297.5, "premium_label": "$60298", "premium_share": 4.965818434574071, "weighted_strike": 18.371134020618555, "avg_iv": 0.6230344771428571, "max_voi": 1.0, "why": "calls cluster with 97 contracts traded, $60298 estimated gross traded notional, and 5% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 205, "open_interest": 10322, "premium": 22805.0, "premium_label": "$22805", "premium_share": 1.8781125154519123, "weighted_strike": 26.619512195121953, "avg_iv": 0.5190477792857143, "max_voi": 1.0, "why": "calls cluster with 205 contracts traded, $22805 estimated gross traded notional, and 2% of visible notional."}, {"label": "Calls \u00b7 46-90 days \u00b7 ITM", "tone": "positive", "volume": 68, "open_interest": 407, "premium": 20860.0, "premium_label": "$20860", "premium_share": 1.7179314655701334, "weighted_strike": 22.13235294117647, "avg_iv": 0.88592797625, "max_voi": 1.0, "why": "calls cluster with 68 contracts traded, $20860 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: $1.2M of estimated gross traded notional, puts \u00b7 91+ days \u00b7 itm, and a bearish 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/216b0c9f-0857-4ccc-bb46-fa4e872d1980/", "research_links": {"chart": "/terminal/216b0c9f-0857-4ccc-bb46-fa4e872d1980/", "report": "/terminal/216b0c9f-0857-4ccc-bb46-fa4e872d1980/report/", "factor": "/factors/ticker/216b0c9f-0857-4ccc-bb46-fa4e872d1980/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}