FDSFactset Research Systems
Options Analysis Report•SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap $7.3B|NYSE
● 2026-05-15$199.86
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y -57.4%YTD -29.8%7D -10.6%
Options Vol
281
30D
Implied Move
±8.6%
IV Rank
38%
FDS Options Overview
IV is elevated with bearish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.1
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 90.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.25x — IV premium over HV
Sector Relative≤50%
Sector percentile 95% — above sector median
Term Structure
<1.1xFront/Back 0.96x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 55.9% — normal range
Spread-Adjusted Value
<80%Effective IV 100.8% (ATM 55.9% + spread 22.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 36.73% (spread 22.45% + slippage 14.28%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.86 (vega 4.173 / spread 22.45%) — spread drag
Sentiment
Bullish or bearish?
3.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Moderate signal (Conviction: -12%, Raw: +2%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -12% (bearish) — Raw: +2%
OI Skew Magnitude
≥15%|OI skew| 7.6% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -18.1%, OI skew -7.6% — aligned
Conviction Quality
≥2/3 conditions0-DTE 41%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -6%, ATM: -12%, OTM: +4% — neutral (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 79% — very bearish vs sector
Activity
Unusual activity?
2.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.4x avg — normal
Turnover Rate
≥15%Vol/OI 2.3% — 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 +7.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 38% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 26% — patient
Flow Conviction
≥30Conviction -12 (bearish) — mixed
Liquidity
Can I trade efficiently?
2.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 22.4% — wide
Adequate OI
≥10,000OI 12,210 — adequate
Active Volume
≥500Volume 281/day — thin
Reasonable Cost
≤$0.50$1.12 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 96% — much wider than sector
Order Book Depth
≥100 contractsDepth 65.2 contracts (bid:35.0 ask:30.2) — thin
Execution Quality
<1.0%Avg slippage 14.28% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -4.0% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 90% — seller opportunity
Event Detection
≥10pts kinkIV kink -3.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 2.17 — favors income trades
Expiration Distribution
≥3 expirations3 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 -12% @ 56% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls3.7
bullishIV expensive, bearish flow
Long Puts4.9
bearishIV expensive, bearish flow
Premium Sellers
Cash-Secured Put4.9
bullishIV rich premium, bearish flow
Covered Call6.0
bearishIV rich premium, bearish flow
For educational purposes only. Not investment advice.