AMATApplied Materials Inc
Options Analysis Report•SEMICONDUCTORS & RELATED DEVICES
Market Cap $349.6B|NASDAQ
● 2026-05-15$440.56
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +152.1%YTD +63.9%7D +1.2%
Options Vol
126,753
30D
Implied Move
±20.5%
IV Rank
97%
AMAT Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
1.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks2/9 checks passed
IV Rank
≤35%IV Rank 99.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.86x — IV premium over HV
Sector Relative≤50%
Sector percentile 96% — above sector median
Term Structure
<1.1xFront/Back 1.58x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 90.4% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 101.6% (ATM 90.4% + spread 5.6% + bias) — expensive
Execution Efficiency
<3.0%Total drag 8.69% (spread 5.61% + slippage 3.08%) — high friction
Vega Efficiency
≥5.0Vega efficiency 63.50 (vega 35.626 / spread 5.61%) — efficient
Sentiment
Bullish or bearish?
6.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: -4%, Raw: -0%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -4% (neutral) — Raw: -0%
OI Skew Magnitude
≥15%|OI skew| 3.8% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +32.7%, OI skew +3.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 66%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -13%, ATM: -7%, OTM: +2% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 44% — bullish vs sector
Activity
Unusual activity?
6.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 3.4x avg — hot
Turnover Rate
≥15%Vol/OI 29.8% — high turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +26.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 98% — very active vs sector
Trade Quality
≥30%Large trade volume 11% — mostly retail
Execution Urgency
≥60%Aggressive execution 30% — patient
Flow Conviction
≥30Conviction -4 (bearish) — mixed
Liquidity
Can I trade efficiently?
5.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 5.6% — wide
Adequate OI
≥10,000OI 425,369 — deep
Active Volume
≥500Volume 126,753/day — active
Reasonable Cost
≤$0.50$0.28 to cross — cheap
Strike Coverage
≥5 strikes2 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 97% — much wider than sector
Order Book Depth
≥100 contractsDepth 70.9 contracts (bid:32.7 ask:38.2) — thin
Execution Quality
<1.0%Avg slippage 3.08% — poor
Timing
Is now a good time?
8.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +57.6% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 99% — seller opportunity
Event Detection
≥10pts kinkIV kink 30.1pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 38.83 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -4% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 41 (ITM 20% + inst 11%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls4.7
bullishIV expensive, bullish flow
Long Puts3.9
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put7.1
bullishIV rich premium, bullish flow
Covered Call6.3
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.