Options/GPN

GPNGlobal Payments, Inc.

Options Analysis Report•SERVICES-BUSINESS SERVICES, NEC

Market Cap $24.5B|NYSE

● 2026-08-28$92.74

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y +5.1%YTD +22.8%7D -0.8%

Options Vol

547

30D

Implied Move

±10.3%

IV Rank

GPN Options Overview

bearish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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GPN Gamma Walls

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GPN Hedge Radar

No action needed

Full Hedge Radar

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

Protection is priced in the cheap band (2.36) — downside puts carry 0.9 IV points LESS than at-the-money, and near-dated vol is priced 10% below far-dated, measured against this name's own rolling 19-trading-day realized moves (485 overlapping windows). Fragility reads resilient (2.73): it is trading 9% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

2.36/ 10cheap

Basis: cross_sectional

Fragility

2.73/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

6.1

ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 69.2% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.02x — IV ≤ HV

Sector Relative≤50%

Sector percentile 80% — above sector median

Term Structure

<1.1x

Front/Back 0.86x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 36.9% — normal range

Spread-Adjusted Value

<80%

Effective IV 59.3% (ATM 36.9% + spread 11.2% + bias) — good value

Execution Efficiency

<3.0%

Total drag 19.10% (spread 11.18% + slippage 7.92%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 12.15 (vega 13.580 / spread 11.18%) — efficient

Sentiment

Bullish or bearish?

4.6

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +7%, Raw: -15%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +7% (neutral) — Raw: -15%

OI Skew Magnitude

≥15%

|OI skew| 42.9% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -31.6%, OI skew +42.9% — divergent (opposite)

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: -17%, ATM: -58%, OTM: -13% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 82% — very bearish vs sector

Activity

Unusual activity?

1.7

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 0.7% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -31.1% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 8% — quiet vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 32% — patient

Flow Conviction

≥30

Conviction +7 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.5

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 11.2% — wide

Adequate OI

≥10,000

OI 83,871 — deep

Active Volume

≥500

Volume 547/day — adequate

Reasonable Cost

≤$0.50

$0.56 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 81% — much wider than sector

Order Book Depth

≥100 contracts

Depth 112.5 contracts (bid:63.9 ask:48.6) — adequate

Execution Quality

<1.0%

Avg slippage 7.92% — 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 -14.4% — contango

IV Percentile Clarity

<30 or >70

IV percentile 69% — neutral

Event Detection

≥10pts kink

IV kink -4.6pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 264.20 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +7% @ 53% consistency — unclear

Smart Money Timing

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls5.3

bullishIV cheap, mixed flow

Long Puts5.6

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.6

bullishIV too cheap, mixed flow

Covered Call4.8

bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.