AInvestOption Pilot Program
Options/CPRT
CPRT logo

CPRTCopart Inc

Options Analysis Report•RETAIL-AUTO DEALERS & GASOLINE STATIONS
Market Cap $30.5B|NASDAQ
● 2026-08-31$32.99
BULLISH
Analysis: 2026-08-28 EOD data
1Y -32.0%YTD -12.7%7D -0.8%
2,351
30D
±11.2%
31%

CPRT Options Overview

IV is elevated with bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

4.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
Loading score history...

CPRT Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

5.3
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 73.1% — elevated vs history

<1.05x

IV/HV 0.90x — IV ≤ HV

Sector Relative≤50%

Sector percentile 84% — above sector median

<1.1x

Front/Back 1.10x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 36.1% — normal range

<80%

Effective IV 53.2% (ATM 36.1% + spread 8.6% + bias) — good value

<3.0%

Total drag 14.02% (spread 8.55% + slippage 5.47%) — high friction

≥5.0

Vega efficiency 8.30 (vega 7.099 / spread 8.55%) — efficient

Sentiment

Bullish or bearish?

6.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -4%, Raw: -5%)
|net sentiment| ≥25%

Conviction-weighted: -4% (neutral) — Raw: -5%

≥15%

|OI skew| 32.2% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +49.4%, OI skew +32.2% — aligned

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -3%, ATM: -6%, OTM: -8% — neutral (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 29% — very bullish vs sector

Activity

Unusual activity?

2.7
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.4x avg — normal

≥15%

Vol/OI 2.1% — normal turnover

≥2 days

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

≥5%

OI change +10.5% (5d) — building

Sector Relative≥60%

Sector activity percentile 35% — below sector avg

≥30%

Large trade volume 9% — mostly retail

≥60%

Aggressive execution 45% — patient

≥30

Conviction -4 (bearish) — mixed

Liquidity

Can I trade efficiently?

4.1
IlliquidLiquid

Evaluates

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

Risk Checks4/8 checks passed
≤5.0%

Spread 8.6% — wide

≥10,000

OI 112,740 — deep

≥500

Volume 2,351/day — adequate

≤$0.50

$0.43 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 84% — much wider than sector

≥100 contracts

Depth 228.0 contracts (bid:136.4 ask:91.6) — adequate

<1.0%

Avg slippage 5.47% — poor

Timing

Is now a good time?

6.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope +9.9% — backwardation

<30 or >70

IV percentile 73% — seller opportunity

≥10pts kink

IV kink 3.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 554.59 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

HIGH RISK: Earnings in 3d (HIGH RISK)

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -4% @ 52% consistency — unclear

≥40 composite score

Score 39 (ITM 20% + inst 9%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls5.6
bullishIV fair, bullish flow
Long Puts4.7
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.4
bullishIV fair, bullish flow
Covered Call4.4
bearishIV fair, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, 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 CPRT

CPRT gamma wallsCPRT max painCPRT IV rankCPRT options flow