AXONAxon Enterprise, Inc. Common Stock
Options Analysis Report•ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES)
Market Cap $31.3B|NASDAQ
● 2026-05-15$388.19
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y -46.7%YTD -31.1%7D -3.8%
Options Vol
3,965
30D
Implied Move
±16.5%
IV Rank
28%
AXON Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 93.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.18x — IV premium over HV
Sector Relative≤50%
Sector percentile 97% — above sector median
Term Structure
<1.1xFront/Back 0.96x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 61.3% — normal range
Spread-Adjusted Value
<80%Effective IV 88.9% (ATM 61.3% + spread 13.8% + bias) — expensive
Execution Efficiency
<3.0%Total drag 27.82% (spread 13.78% + slippage 14.04%) — high friction
Vega Efficiency
≥5.0Vega efficiency 97.31 (vega 134.095 / spread 13.78%) — efficient
Sentiment
Bullish or bearish?
5.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +12%, Raw: +10%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +12% (bullish) — Raw: +10%
OI Skew Magnitude
≥15%|OI skew| 0.8% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -4.0%, OI skew +0.8% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 24%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +52%, ATM: -6%, OTM: +8% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 69% — bearish vs sector
Activity
Unusual activity?
4.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 6.7% — 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 +8.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 80% — very active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 36% — patient
Flow Conviction
≥30Conviction +12 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 13.8% — wide
Adequate OI
≥10,000OI 58,973 — deep
Active Volume
≥500Volume 3,965/day — adequate
Reasonable Cost
≤$0.50$0.69 to cross — expensive
Strike Coverage
≥5 strikes2 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 97% — much wider than sector
Order Book Depth
≥100 contractsDepth 46.4 contracts (bid:23.0 ask:23.4) — thin
Execution Quality
<1.0%Avg slippage 14.04% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -4.0% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 94% — seller opportunity
Event Detection
≥10pts kinkIV kink 1.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 841.77 — 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 +12% @ 56% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.9
bullishIV fair, mixed flow
Long Puts4.7
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.2
bullishIV fair, mixed flow
Covered Call5.1
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.