BILLBILL Holdings, Inc.
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $3.9B|NYSE
● 2026-05-15$39.49
VERY BULLISH
Analysis: 2026-05-14 EOD data
1Y -15.7%YTD -21.9%7D -5.6%
Options Vol
3,917
30D
Implied Move
±16.1%
IV Rank
27%
BILL Options Overview
IV is elevated with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.8
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 73.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.07x — IV premium over HV
Sector Relative≤50%
Sector percentile 41% — below sector median
Term Structure
<1.1xFront/Back 0.93x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 62.0% — normal range
Spread-Adjusted Value
<80%Effective IV 120.1% (ATM 62.0% + spread 29.1% + bias) — expensive
Execution Efficiency
<3.0%Total drag 40.19% (spread 29.06% + slippage 11.13%) — high friction
Vega Efficiency
≥5.0Vega efficiency 3.79 (vega 11.005 / spread 29.06%) — spread drag
Sentiment
Bullish or bearish?
9.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +95%, Raw: +91%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +95% (strong bullish) — Raw: +91%
OI Skew Magnitude
≥15%|OI skew| 28.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +86.5%, OI skew +28.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 11%, 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: +60%, OTM: +94% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 16% — very bullish vs sector
Activity
Unusual activity?
4.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 4.6% — 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 +9.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 50% — neutral vs sector
Trade Quality
≥30%Large trade volume 79% — heavy institutional
Execution Urgency
≥60%Aggressive execution 37% — patient
Flow Conviction
≥30Conviction +95 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
3.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 29.1% — wide
Adequate OI
≥10,000OI 85,640 — deep
Active Volume
≥500Volume 3,917/day — adequate
Reasonable Cost
≤$0.50$1.45 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 67% — wider than sector
Order Book Depth
≥100 contractsDepth 157.9 contracts (bid:88.9 ask:69.0) — adequate
Execution Quality
<1.0%Avg slippage 11.13% — poor
Timing
Is now a good time?
7.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -7.4% — contango
IV Percentile Clarity
<30 or >70IV percentile 74% — seller opportunity
Event Detection
≥10pts kinkIV kink 0.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 524.04 — 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 +95% @ 97% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 109 (ITM 20% + inst 79%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls7.1
bullishIV fair, bullish flow
Long Puts3.7
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.8
bullishIV fair, bullish flow
Covered Call3.1
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.