Options/APO

APOApollo Global Management, Inc.

Options Analysis Report•INVESTMENT ADVICE

Market Cap $78.8B|NYSE

● 2026-08-28$133.44

BEARISH

Analysis: 2026-08-27 EOD data

1Y -2.2%YTD -9.0%7D +0.6%

Options Vol

15,361

30D

Implied Move

±9.5%

IV Rank

13%

APO Options Overview

bearish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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APO Gamma Walls

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APO Hedge Radar

No action needed

Full Hedge Radar

Fragility reads low; protection is priced cheap. Neither axis is a forecast — this is where APO sits on protection cost vs. fragility today.

Protection is priced in the cheap band (1.64) — near-dated vol is priced 12% below far-dated, and downside puts carry 1.7 IV points more than at-the-money, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads resilient (3.98): it is trading 4% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

1.64/ 10cheap

Basis: cross_sectional

Fragility

3.98/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

6.5

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 65.3% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.83x — IV ≤ HV

Sector Relative≤50%

Sector percentile 88% — above sector median

Term Structure

<1.1x

Front/Back 0.88x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 35.6% — normal range

Spread-Adjusted Value

<80%

Effective IV 64.4% (ATM 35.6% + spread 14.4% + bias) — good value

Execution Efficiency

<3.0%

Total drag 17.45% (spread 14.39% + slippage 3.06%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 10.04 (vega 14.453 / spread 14.39%) — efficient

Sentiment

Bullish or bearish?

3.0

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -39%, Raw: -30%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -39% (strong bearish) — Raw: -30%

OI Skew Magnitude

≥15%

|OI skew| 13.8% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -34.5%, OI skew +13.8% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 1%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +19%, ATM: -28%, OTM: -31% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 79% — very bearish vs sector

Activity

Unusual activity?

5.6

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed

Volume Surge

≥1.5x

Volume 2.0x avg — hot

Turnover Rate

≥15%

Vol/OI 5.4% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -2.7% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 90% — very active vs sector

Trade Quality

≥30%

Large trade volume 43% — institutional presence

Execution Urgency

≥60%

Aggressive execution 21% — patient

Flow Conviction

≥30

Conviction -39 (bearish) — moderate

Liquidity

Can I trade efficiently?

3.6

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 14.4% — wide

Adequate OI

≥10,000

OI 285,136 — deep

Active Volume

≥500

Volume 15,361/day — active

Reasonable Cost

≤$0.50

$0.72 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 88% — much wider than sector

Order Book Depth

≥100 contracts

Depth 301.1 contracts (bid:143.2 ask:157.9) — adequate

Execution Quality

<1.0%

Avg slippage 3.06% — poor

Timing

Is now a good time?

7.7

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -11.6% — contango

IV Percentile Clarity

<30 or >70

IV percentile 65% — neutral

Event Detection

≥10pts kink

IV kink -2.8pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 155.24 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -39% @ 70% consistency — moderate (bearish)

Smart Money Timing

≥40 composite score

Score 73 (ITM 20% + inst 43%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls5.0

bullishIV cheap, bearish flow

Long Puts6.4

bearishIV cheap, bearish flow

Premium Sellers

Cash-Secured Put4.0

bullishIV too cheap, bearish flow

Covered Call5.0

bearishIV too cheap, bearish flow

For educational purposes only. Not investment advice.