BILLBILL Holdings, Inc.
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $3.8B|NYSE
● 2026-04-17$38.81
BULLISH
Analysis: 2026-04-16 EOD data
1Y -2.6%YTD -23.2%7D +11.8%
Options Vol
7,403
30D
Implied Move
±21.2%
IV Rank
39%
BILL Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.0
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 82.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.54x — IV premium over HV
Sector Relative≤50%
Sector percentile 69% — above sector median
Term Structure
<1.1xFront/Back 1.14x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 75.2% — normal range
Spread-Adjusted Value
<80%Effective IV 116.1% (ATM 75.2% + spread 20.5% + bias) — expensive
Execution Efficiency
<3.0%Total drag 27.33% (spread 20.47% + slippage 6.86%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.48 (vega 3.020 / spread 20.47%) — spread drag
Sentiment
Bullish or bearish?
5.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -40%, Raw: -9%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -40% (strong bearish) — Raw: -9%
OI Skew Magnitude
≥15%|OI skew| 35.0% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +56.2%, OI skew +35.0% — aligned
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: -92%, ATM: +34%, OTM: +12% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 44% — bullish vs sector
Activity
Unusual activity?
5.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 1.2x avg — normal
Turnover Rate
≥15%Vol/OI 6.0% — 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 +8.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 65% — active vs sector
Trade Quality
≥30%Large trade volume 49% — institutional presence
Execution Urgency
≥60%Aggressive execution 20% — patient
Flow Conviction
≥30Conviction -40 (bearish) — moderate
Liquidity
Can I trade efficiently?
3.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 20.5% — wide
Adequate OI
≥10,000OI 123,280 — deep
Active Volume
≥500Volume 7,403/day — active
Reasonable Cost
≤$0.50$1.02 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 83% — much wider than sector
Order Book Depth
≥100 contractsDepth 158.4 contracts (bid:107.7 ask:50.7) — adequate
Execution Quality
<1.0%Avg slippage 6.86% — 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 +14.3% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 83% — seller opportunity
Event Detection
≥10pts kinkIV kink 0.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 41.60 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 27d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -40% @ 70% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 79 (ITM 20% + inst 49%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.5
bullishIV expensive, mixed flow
Long Puts4.4
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put6.0
bullishIV rich premium, mixed flow
Covered Call5.7
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.