Options/FLEX

FLEXFlex Ltd. Ordinary Shares

Options Analysis Report•PRINTED CIRCUIT BOARDS

Market Cap $39.9B|NASDAQ

● 2026-09-11$108.01

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y +87.1%YTD +69.6%7D -1.4%

Options Vol

1,549

30D

Implied Move

±8.6%

IV Rank

45%

FLEX Options Overview

IV is elevated with bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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FLEX Gamma Walls

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FLEX Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where FLEX sits on protection cost vs. fragility today.

Protection is priced in the fair band (4.51) — downside puts carry 7.4 IV points LESS than at-the-money, and the move being priced is 1.49x this name's own median 26-trading-day move, measured against this name's own rolling 26-trading-day realized moves (478 overlapping windows). Fragility reads neutral (5.1): it is trading 1% below its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

4.51/ 10fair

Basis: cross_sectional

Fragility

5.10/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

5.3

ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed

IV Rank

≤35%

IV Rank 82.6% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.19x — IV premium over HV

Sector Relative≤50%

Sector percentile 60% — above sector median

Term Structure

<1.1x

Front/Back 0.73x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 62.5% — normal range

Spread-Adjusted Value

<80%

Effective IV 83.1% (ATM 62.5% + spread 10.3% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 14.39% (spread 10.32% + slippage 4.07%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 27.31 (vega 28.187 / spread 10.32%) — efficient

Sentiment

Bullish or bearish?

5.6

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -26%, Raw: -13%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -26% (bearish) — Raw: -13%

OI Skew Magnitude

≥15%

|OI skew| 23.5% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +50.0%, OI skew +23.5% — aligned

Conviction Quality

≥2/3 conditions

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

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -36%, ATM: -44%, OTM: +19% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 30% — bullish vs sector

Activity

Unusual activity?

2.8

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.2x avg — normal

Turnover Rate

≥15%

Vol/OI 2.1% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +2.8% (5d) — building

Sector Relative≥60%

Sector activity percentile 54% — neutral vs sector

Trade Quality

≥30%

Large trade volume 7% — mostly retail

Execution Urgency

≥60%

Aggressive execution 32% — patient

Flow Conviction

≥30

Conviction -26 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.7

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks2/8 checks passed

Tradeable Spread

≤5.0%

Spread 10.3% — wide

Adequate OI

≥10,000

OI 74,020 — deep

Active Volume

≥500

Volume 1,549/day — adequate

Reasonable Cost

≤$0.50

$0.52 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 76% — wider than sector

Order Book Depth

≥100 contracts

Depth 82.7 contracts (bid:46.1 ask:36.6) — thin

Execution Quality

<1.0%

Avg slippage 4.07% — poor

Timing

Is now a good time?

6.6

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -27.4% — contango

IV Percentile Clarity

<30 or >70

IV percentile 83% — seller opportunity

Event Detection

≥10pts kink

IV kink -15.1pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 403.24 — 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 -26% @ 63% consistency — moderate (bearish)

Smart Money Timing

≥40 composite score

Score 37 (ITM 20% + inst 7%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls5.4

bullishIV fair, mixed flow

Long Puts4.9

bearishIV fair, mixed flow

Premium Sellers

Cash-Secured Put5.1

bullishIV fair, mixed flow

Covered Call4.7

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.

More on FLEX

FLEX gamma walls FLEX option chain FLEX max pain FLEX expected move FLEX IV rank FLEX put/call ratio FLEX options flow