CSXCSX Corporation
Options Analysis Report•RAILROADS, LINE-HAUL OPERATING
Market Cap $85.3B|NASDAQ
● 2026-05-15$45.92
BULLISH
Analysis: 2026-05-14 EOD data
1Y +46.7%YTD +26.6%7D +2.4%
Options Vol
6,025
30D
Implied Move
±7.1%
IV Rank
23%
CSX Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.6
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 55.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.16x — IV premium over HV
Sector Relative≤50%
Sector percentile 56% — above sector median
Term Structure
<1.1xFront/Back 1.02x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 36.7% — normal range
Spread-Adjusted Value
<80%Effective IV 63.5% (ATM 36.7% + spread 13.4% + bias) — good value
Execution Efficiency
<3.0%Total drag 19.62% (spread 13.38% + slippage 6.24%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.71 (vega 0.954 / spread 13.38%) — spread drag
Sentiment
Bullish or bearish?
7.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +34%, Raw: +34%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +34% (strong bullish) — Raw: +34%
OI Skew Magnitude
≥15%|OI skew| 22.3% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +64.5%, OI skew +22.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 21%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +53%, ATM: +48%, OTM: +20% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 19% — very bullish vs sector
Activity
Unusual activity?
3.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 2.2% — 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 +12.0% (5d) — building
Sector Relative≥60%
Sector activity percentile 37% — below sector avg
Trade Quality
≥30%Large trade volume 17% — mixed
Execution Urgency
≥60%Aggressive execution 50% — patient
Flow Conviction
≥30Conviction +34 (bullish) — moderate
Liquidity
Can I trade efficiently?
3.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 13.4% — wide
Adequate OI
≥10,000OI 270,623 — deep
Active Volume
≥500Volume 6,025/day — active
Reasonable Cost
≤$0.50$0.67 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 59% — neutral vs sector
Order Book Depth
≥100 contractsDepth 460.4 contracts (bid:291.7 ask:168.7) — adequate
Execution Quality
<1.0%Avg slippage 6.24% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +2.0% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 56% — neutral
Event Detection
≥10pts kinkIV kink 1.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 6.60 — 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 +34% @ 67% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 47 (ITM 20% + inst 17%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.2
bullishIV fair, bullish flow
Long Puts4.3
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.8
bullishIV fair, bullish flow
Covered Call3.9
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.