ANETArista Networks
Options Analysis Report•COMPUTER COMMUNICATIONS EQUIPMENT
Market Cap $186.1B|NYSE
● 2026-05-15$147.81
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +53.9%YTD +10.6%7D +4.3%
Options Vol
51,087
30D
Implied Move
±15.1%
IV Rank
24%
ANET Options Overview
IV is elevated. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 88.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.79x — IV ≤ HV
Sector Relative≤50%
Sector percentile 58% — above sector median
Term Structure
<1.1xFront/Back 1.01x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 54.7% — normal range
Spread-Adjusted Value
<80%Effective IV 71.4% (ATM 54.7% + spread 8.3% + bias) — fair
Execution Efficiency
<3.0%Total drag 12.18% (spread 8.34% + slippage 3.84%) — high friction
Vega Efficiency
≥5.0Vega efficiency 69.88 (vega 58.277 / spread 8.34%) — efficient
Sentiment
Bullish or bearish?
6.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: +3%, Raw: +7%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +3% (neutral) — Raw: +7%
OI Skew Magnitude
≥15%|OI skew| 6.1% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +35.2%, OI skew +6.1% — aligned
Conviction Quality
≥2/3 conditions0-DTE 36%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -7%, ATM: +1%, OTM: +13% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 38% — bullish vs sector
Activity
Unusual activity?
4.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.2x avg — normal
Turnover Rate
≥15%Vol/OI 11.7% — normal 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 +13.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 75% — active vs sector
Trade Quality
≥30%Large trade volume 13% — mostly retail
Execution Urgency
≥60%Aggressive execution 35% — patient
Flow Conviction
≥30Conviction +3 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 8.3% — wide
Adequate OI
≥10,000OI 438,078 — deep
Active Volume
≥500Volume 51,087/day — active
Reasonable Cost
≤$0.50$0.42 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 60% — neutral vs sector
Order Book Depth
≥100 contractsDepth 270.7 contracts (bid:126.7 ask:144.0) — adequate
Execution Quality
<1.0%Avg slippage 3.84% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +0.7% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 89% — seller opportunity
Event Detection
≥10pts kinkIV kink 3.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1247.90 — 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 +3% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 43 (ITM 20% + inst 13%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.3
bullishIV cheap, bullish flow
Long Puts5.3
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.3
bullishIV too cheap, bullish flow
Covered Call4.3
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.