Options/CRH

CRHCRH Public Limited Company

Options Analysis Report•CEMENT, HYDRAULIC

Market Cap $58.3B|NYSE

● 2026-09-11$87.66

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y -23.4%YTD -30.7%7D -7.0%

Options Vol

1,218

30D

Implied Move

±10.9%

IV Rank

20%

CRH Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

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CRH Gamma Walls

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CRH Hedge Radar

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Full Hedge Radar

Fragility reads high; protection is priced cheap. Neither axis is a forecast — this is where CRH sits on protection cost vs. fragility today.

Protection is priced in the cheap band (2.92) — near-dated vol is priced 15% below far-dated, and implied vol sits in the 12th percentile of its own past year, measured against this name's own rolling 19-trading-day realized moves (485 overlapping windows). Fragility reads fragile (6.08): it is trading 4% below its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

2.92/ 10cheap

Basis: cross_sectional

Fragility

6.08/ 10fragile

Basis: per_ticker

Value

Is IV priced right?

5.2

ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed

IV Rank

≤35%

IV Rank 73.7% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.43x — IV premium over HV

Sector Relative≤50%

Sector percentile 60% — above sector median

Term Structure

<1.1x

Front/Back 1.13x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 41.1% — normal range

Spread-Adjusted Value

<80%

Effective IV 74.7% (ATM 41.1% + spread 16.8% + bias) — fair

Execution Efficiency

<3.0%

Total drag 22.13% (spread 16.80% + slippage 5.33%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 4.92 (vega 8.271 / spread 16.80%) — spread drag

Sentiment

Bullish or bearish?

4.4

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -19%, Raw: -16%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -19% (bearish) — Raw: -16%

OI Skew Magnitude

≥15%

|OI skew| 13.3% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -11.0%, OI skew +13.3% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 12%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -26%, ATM: -33%, OTM: -2% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 70% — very bearish vs sector

Activity

Unusual activity?

3.2

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.9x avg — normal

Turnover Rate

≥15%

Vol/OI 3.1% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -1.2% (5d) — stable

Sector Relative≥60%

Sector activity percentile 55% — neutral vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 29% — patient

Flow Conviction

≥30

Conviction -19 (bearish) — 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 16.8% — wide

Adequate OI

≥10,000

OI 38,651 — adequate

Active Volume

≥500

Volume 1,218/day — adequate

Reasonable Cost

≤$0.50

$0.84 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 60% — wider than sector

Order Book Depth

≥100 contracts

Depth 77.7 contracts (bid:37.5 ask:40.2) — thin

Execution Quality

<1.0%

Avg slippage 5.33% — poor

Timing

Is now a good time?

6.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +13.2% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 74% — seller opportunity

Event Detection

≥10pts kink

IV kink 4.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 106.04 — 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 -19% @ 60% consistency — unclear

Smart Money Timing

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls4.7

bullishIV fair, mixed flow

Long Puts5.1

bearishIV fair, mixed flow

Premium Sellers

Cash-Secured Put4.5

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.

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