{
  "ticker": {
    "uuid": "a164bdc7-9bba-4b39-b467-864490821d4a",
    "symbol": "CBTY",
    "name": "Calamos Bitcoin 80 Series Structured Alt Protection ETF July",
    "exchange": "CBOE",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 19.9155,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 25.527871,
    "boundary_margin": -0.219853,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.053975,
    "volatility_stability": 0.3513,
    "risk_context": 1.5,
    "current_regime": {
      "move": 0.015579,
      "interruption": 0.017961,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 91.923,
    "interpretation": {
      "label": "Negative across all Trend views",
      "headline": "All measured Trend views are negative",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend remains in its early lifecycle.",
      "boundary_context": "The latest close is 22.0% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-07-10",
        "close": 19.61,
        "direction_boundary": 25.623298,
        "core_momentum": -0.234681,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.119608
      },
      {
        "date": "2026-07-17",
        "close": 19.6802,
        "direction_boundary": 25.533293,
        "core_momentum": -0.229234,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.109655
      },
      {
        "date": "2026-07-24",
        "close": 19.7852,
        "direction_boundary": 25.434218,
        "core_momentum": -0.222103,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.098801
      },
      {
        "date": "2026-07-31",
        "close": 19.5641,
        "direction_boundary": 25.07942,
        "core_momentum": -0.219914,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.09058
      },
      {
        "date": "2026-08-07",
        "close": 19.9155,
        "direction_boundary": 25.527871,
        "core_momentum": -0.219853,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.053975
      }
    ],
    "price_history": [
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        "date": "2025-07-11",
        "close": 25.623298,
        "volume": 162186
      },
      {
        "date": "2025-07-18",
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        "date": "2025-08-08",
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        "close": 25.574402,
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      },
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        "date": "2025-08-22",
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      },
      {
        "date": "2025-08-29",
        "close": 24.70885,
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      },
      {
        "date": "2025-09-05",
        "close": 25.164398,
        "volume": 12752
      },
      {
        "date": "2025-09-12",
        "close": 25.826772,
        "volume": 22196
      },
      {
        "date": "2025-09-19",
        "close": 25.601808,
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      {
        "date": "2025-09-26",
        "close": 24.883242,
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        "date": "2025-10-03",
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        "date": "2025-10-10",
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        "date": "2025-10-17",
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        "date": "2025-10-24",
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        "date": "2025-10-31",
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        "date": "2025-11-07",
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        "date": "2025-11-21",
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        "date": "2025-11-28",
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        "date": "2025-12-05",
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        "date": "2025-12-12",
        "close": 22.4302,
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        "date": "2025-12-19",
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        "date": "2025-12-26",
        "close": 22.0048,
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        "date": "2026-01-02",
        "close": 22.219,
        "volume": 273675
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      {
        "date": "2026-01-09",
        "close": 22.262,
        "volume": 47035
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        "date": "2026-01-16",
        "close": 22.93,
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        "date": "2026-01-23",
        "close": 22.0268,
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        "date": "2026-01-30",
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        "date": "2026-02-06",
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        "date": "2026-02-20",
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        "date": "2026-03-06",
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      {
        "date": "2026-03-13",
        "close": 20.07,
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      {
        "date": "2026-03-20",
        "close": 19.97,
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        "date": "2026-03-27",
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        "date": "2026-04-03",
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        "date": "2026-04-10",
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        "date": "2026-04-17",
        "close": 20.11,
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        "date": "2026-04-24",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      {
        "date": "2026-05-22",
        "close": 19.6236,
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        "date": "2026-05-29",
        "close": 19.57,
        "volume": 5292
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        "date": "2026-06-05",
        "close": 19.53,
        "volume": 22460
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      {
        "date": "2026-06-12",
        "close": 19.5399,
        "volume": 2792
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      {
        "date": "2026-06-19",
        "close": 19.5,
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      {
        "date": "2026-06-26",
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      {
        "date": "2026-07-03",
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        "date": "2026-07-10",
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      {
        "date": "2026-07-17",
        "close": 19.6802,
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      {
        "date": "2026-07-24",
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      "fair_value": 22.055085,
      "market_activity": -30.085616,
      "market_dynamics": 0.476619,
      "relative_strength": -18.75197
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    "historical_outcomes": [
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        "horizon": "Near term",
        "sample_count": 1,
        "median_return": 0.015579,
        "directional_follow_through": 0.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.0,
        "sufficient": false
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        "sufficient": false
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        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
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        "horizon": "Full cycle",
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        "regime_survival": null,
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        "sufficient": false
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    ],
    "regime_history": [
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        "direction": "negative",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
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    ]
  }
}