ELFe.l.f. Beauty, Inc.
Options Analysis Report•PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS
Market Cap $3.3B|NYSE
● 2026-05-15$55.47
BULLISH
Analysis: 2026-05-14 EOD data
1Y -29.0%YTD -28.7%7D -8.9%
Options Vol
8,152
30D
Implied Move
±27.1%
IV Rank
60%
ELF 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?
1.2
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks1/9 checks passed
IV Rank
≤35%IV Rank 88.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.60x — IV premium over HV
Sector Relative≤50%
Sector percentile 95% — above sector median
Term Structure
<1.1xFront/Back 1.67x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 89.6% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 115.3% (ATM 89.6% + spread 12.8% + bias) — expensive
Execution Efficiency
<3.0%Total drag 19.66% (spread 12.83% + slippage 6.83%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.89 (vega 1.137 / spread 12.83%) — spread drag
Sentiment
Bullish or bearish?
7.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +28%, Raw: +23%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +28% (bullish) — Raw: +23%
OI Skew Magnitude
≥15%|OI skew| 18.1% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +38.4%, OI skew +18.1% — aligned
Conviction Quality
≥2/3 conditions0-DTE 29%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +31%, ATM: +10%, OTM: +24% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 40% — bullish vs sector
Activity
Unusual activity?
4.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 7.4% — 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 +17.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 82% — very active vs sector
Trade Quality
≥30%Large trade volume 7% — mostly retail
Execution Urgency
≥60%Aggressive execution 29% — patient
Flow Conviction
≥30Conviction +28 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 12.8% — wide
Adequate OI
≥10,000OI 110,046 — deep
Active Volume
≥500Volume 8,152/day — active
Reasonable Cost
≤$0.50$0.64 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 97% — much wider than sector
Order Book Depth
≥100 contractsDepth 150.39999999999998 contracts (bid:72.3 ask:78.1) — adequate
Execution Quality
<1.0%Avg slippage 6.83% — poor
Timing
Is now a good time?
7.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +67.5% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 89% — seller opportunity
Event Detection
≥10pts kinkIV kink 47.0pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 2.04 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +28% @ 64% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 37 (ITM 20% + inst 7%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.7
bullishIV expensive, bullish flow
Long Puts3.0
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put7.6
bullishIV rich premium, bullish flow
Covered Call5.4
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.