Options/FTAI

FTAIFTAI Aviation Ltd. Common Stock

Options Analysis Report•SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING

Market Cap $18.5B|NASDAQ

● 2026-09-11$186.06

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y +8.4%YTD -11.5%7D -5.2%

Options Vol

3,341

30D

Implied Move

±16.8%

IV Rank

32%

FTAI Options Overview

IV is elevated with unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

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FTAI Gamma Walls

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FTAI Hedge Radar

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Full Hedge Radar

Fragility reads high; protection is priced cheap. Neither axis is a forecast — this is where FTAI sits on protection cost vs. fragility today.

Protection is priced in the cheap band (2.85) — near-dated vol is priced 10% below far-dated, and downside puts carry 3.1 IV points more than at-the-money, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads fragile (6.35): it is trading 8% below its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

2.85/ 10cheap

Basis: cross_sectional

Fragility

6.35/ 10fragile

Basis: per_ticker

Value

Is IV priced right?

4.9

ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 83.5% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.02x — IV ≤ HV

Sector Relative≤50%

Sector percentile 86% — above sector median

Term Structure

<1.1x

Front/Back 0.90x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 63.7% — normal range

Spread-Adjusted Value

<80%

Effective IV 108.6% (ATM 63.7% + spread 22.5% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 30.50% (spread 22.46% + slippage 8.04%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 7.81 (vega 17.537 / spread 22.46%) — efficient

Sentiment

Bullish or bearish?

5.9

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -16%, Raw: -22%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -16% (bearish) — Raw: -22%

OI Skew Magnitude

≥15%

|OI skew| 32.3% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +43.8%, OI skew +32.3% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 27%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +16%, ATM: +6%, OTM: -29% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 30% — very bullish vs sector

Activity

Unusual activity?

4.6

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed

Volume Surge

≥1.5x

Volume 1.3x avg — normal

Turnover Rate

≥15%

Vol/OI 8.1% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +7.1% (5d) — building

Sector Relative≥60%

Sector activity percentile 91% — very active vs sector

Trade Quality

≥30%

Large trade volume 11% — mostly retail

Execution Urgency

≥60%

Aggressive execution 16% — patient

Flow Conviction

≥30

Conviction -16 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.8

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks2/8 checks passed

Tradeable Spread

≤5.0%

Spread 22.5% — wide

Adequate OI

≥10,000

OI 41,169 — adequate

Active Volume

≥500

Volume 3,341/day — adequate

Reasonable Cost

≤$0.50

$1.12 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 91% — much wider than sector

Order Book Depth

≥100 contracts

Depth 25.700000000000003 contracts (bid:12.9 ask:12.8) — thin

Execution Quality

<1.0%

Avg slippage 8.04% — poor

Timing

Is now a good time?

6.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -10.2% — contango

IV Percentile Clarity

<30 or >70

IV percentile 84% — seller opportunity

Event Detection

≥10pts kink

IV kink -4.5pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 80.66 — favors income trades

Expiration Distribution

≥3 expirations

5 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 -16% @ 58% consistency — unclear

Smart Money Timing

≥40 composite score

Score 41 (ITM 20% + inst 11%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls5.2

bullishIV fair, mixed flow

Long Puts4.5

bearishIV fair, mixed flow

Premium Sellers

Cash-Secured Put5.1

bullishIV fair, mixed flow

Covered Call4.5

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 FTAI

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