ENTGEntegris Inc
Options Analysis Report•PLASTICS PRODUCTS, NEC
Market Cap $21.2B|NASDAQ
● 2026-05-15$139.26
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +77.3%YTD +55.5%7D -6.6%
Options Vol
1,958
30D
Implied Move
±8.6%
IV Rank
73%
ENTG Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.7
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 78.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.07x — IV premium over HV
Sector Relative≤50%
Sector percentile 51% — above sector median
Term Structure
<1.1xFront/Back 1.01x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 68.1% — normal range
Spread-Adjusted Value
<80%Effective IV 98.6% (ATM 68.1% + spread 15.2% + bias) — expensive
Execution Efficiency
<3.0%Total drag 21.03% (spread 15.23% + slippage 5.80%) — high friction
Vega Efficiency
≥5.0Vega efficiency 41.39 (vega 63.041 / spread 15.23%) — efficient
Sentiment
Bullish or bearish?
4.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Moderate signal (Conviction: -68%, Raw: -49%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -68% (strong bearish) — Raw: -49%
OI Skew Magnitude
≥15%|OI skew| 56.1% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +46.3%, OI skew +56.1% — aligned
Conviction Quality
≥2/3 conditions0-DTE 28%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -29%, ATM: +36%, OTM: -75% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 51% — neutral vs sector
Activity
Unusual activity?
4.3
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 4.2% — 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 +6.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 48% — neutral vs sector
Trade Quality
≥30%Large trade volume 26% — mixed
Execution Urgency
≥60%Aggressive execution 22% — patient
Flow Conviction
≥30Conviction -68 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
3.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 15.2% — wide
Adequate OI
≥10,000OI 46,358 — adequate
Active Volume
≥500Volume 1,958/day — adequate
Reasonable Cost
≤$0.50$0.76 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 73% — wider than sector
Order Book Depth
≥100 contractsDepth 130.2 contracts (bid:66.2 ask:64.0) — adequate
Execution Quality
<1.0%Avg slippage 5.80% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +0.8% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 78% — seller opportunity
Event Detection
≥10pts kinkIV kink 1.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1624.76 — favors income trades
Expiration Distribution
≥3 expirations3 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 -68% @ 84% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 56 (ITM 20% + inst 26%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls4.6
bullishIV fair, mixed flow
Long Puts5.2
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.7
bullishIV fair, mixed flow
Covered Call5.4
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.