Options/CHRW

CHRWC.H. Robinson Worldwide, Inc.

Options Analysis Report•ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO

Market Cap $17.8B|NASDAQ

● 2026-09-11$152.42

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y +16.3%YTD -6.9%7D +3.2%

Options Vol

2,680

30D

Implied Move

±8.6%

IV Rank

16%

CHRW Options Overview

Mixed signals. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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CHRW Gamma Walls

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Value

Is IV priced right?

4.9

ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 65.7% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.42x — IV premium over HV

Sector Relative≤50%

Sector percentile 75% — above sector median

Term Structure

<1.1x

Front/Back 0.96x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 38.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 79.0% (ATM 38.0% + spread 20.5% + bias) — fair

Execution Efficiency

<3.0%

Total drag 29.53% (spread 20.49% + slippage 9.04%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 29.25 (vega 59.933 / spread 20.49%) — efficient

Sentiment

Bullish or bearish?

4.7

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +8%, Raw: -14%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +8% (neutral) — Raw: -14%

OI Skew Magnitude

≥15%

|OI skew| 53.3% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -28.0%, OI skew +53.3% — divergent (opposite)

Conviction Quality

≥2/3 conditions

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

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +0%, ATM: -40%, OTM: -13% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 75% — very bearish vs sector

Activity

Unusual activity?

5.8

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed

Volume Surge

≥1.5x

Volume 2.5x avg — hot

Turnover Rate

≥15%

Vol/OI 5.6% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +0.4% (5d) — stable

Sector Relative≥60%

Sector activity percentile 71% — active vs sector

Trade Quality

≥30%

Large trade volume 75% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 64% — urgent

Flow Conviction

≥30

Conviction +8 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.9

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks2/8 checks passed

Tradeable Spread

≤5.0%

Spread 20.5% — wide

Adequate OI

≥10,000

OI 47,886 — adequate

Active Volume

≥500

Volume 2,680/day — adequate

Reasonable Cost

≤$0.50

$1.02 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 77% — wider than sector

Order Book Depth

≥100 contracts

Depth 47.0 contracts (bid:21.3 ask:25.7) — thin

Execution Quality

<1.0%

Avg slippage 9.04% — poor

Timing

Is now a good time?

6.5

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks4/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -4.2% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 66% — neutral

Event Detection

≥10pts kink

IV kink -1.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1884.68 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +8% @ 54% consistency — unclear

Smart Money Timing

≥40 composite score

Score 105 (ITM 20% + inst 75%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls4.8

bullishIV fair, mixed flow

Long Puts5.0

bearishIV fair, mixed flow

Premium Sellers

Cash-Secured Put4.7

bullishIV fair, mixed flow

Covered Call4.9

bearishIV fair, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on CHRW

CHRW gamma walls CHRW option chain CHRW max pain CHRW expected move CHRW IV rank CHRW put/call ratio CHRW options flow