Options/HAYW

HAYWHayward Holdings, Inc.

Options Analysis Report•REFRIGERATION & SERVICE INDUSTRY MACHINERY

Market Cap $3.0B|NYSE

● 2026-08-31$14.15

BULLISH

Analysis: 2026-08-28 EOD data

1Y -10.3%YTD -10.3%7D -2.4%

Options Vol

272

30D

Implied Move

±8.6%

IV Rank

11%

HAYW Options Overview

unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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HAYW Gamma Walls

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Value

Is IV priced right?

3.5

ExpensiveCheap

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

levels.

Risk Checks2/9 checks passed

IV Rank

≤35%

IV Rank 67.8% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.40x — IV premium over HV

Sector Relative≤50%

Sector percentile 65% — above sector median

Term Structure

<1.1x

Front/Back 1.99x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 43.2% — normal range

Spread-Adjusted Value

<80%

Effective IV 197.9% (ATM 43.2% + spread 77.4% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 98.42% (spread 77.36% + slippage 21.06%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.26 (vega 2.029 / spread 77.36%) — spread drag

Sentiment

Bullish or bearish?

7.9

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +99%, Raw: +98%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +99% (strong bullish) — Raw: +98%

OI Skew Magnitude

≥15%

|OI skew| 90.9% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -86.8%, OI skew +90.9% — 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: +100%, ATM: +0%, OTM: +98% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 97% — very bearish vs sector

Activity

Unusual activity?

6.3

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed

Volume Surge

≥1.5x

Volume 2.0x avg — hot

Turnover Rate

≥15%

Vol/OI 12.3% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +2.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 96% — very active vs sector

Trade Quality

≥30%

Large trade volume 92% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 12% — patient

Flow Conviction

≥30

Conviction +99 (bullish) — strong conviction

Liquidity

Can I trade efficiently?

2.6

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks1/8 checks passed

Tradeable Spread

≤5.0%

Spread 77.4% — wide

Adequate OI

≥10,000

OI 2,215 — thin

Active Volume

≥500

Volume 272/day — thin

Reasonable Cost

≤$0.50

$3.87 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 78% — wider than sector

Order Book Depth

≥100 contracts

Depth 631.7 contracts (bid:432.2 ask:199.5) — deep

Execution Quality

<1.0%

Avg slippage 21.06% — poor

Timing

Is now a good time?

7.2

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +98.8% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 68% — neutral

Event Detection

≥10pts kink

IV kink 0.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 122.98 — favors income trades

Expiration Distribution

≥3 expirations

2 liquid expirations — limited

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 +99% @ 99% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

Score 122 (ITM 20% + inst 92%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls6.4

bullishIV expensive, bullish flow

Long Puts3.4

bearishIV expensive, bullish flow

Premium Sellers

Cash-Secured Put6.3

bullishIV rich premium, bullish flow

Covered Call4.3

bearishIV rich premium, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, 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 HAYW

HAYW gamma walls HAYW max pain HAYW IV rank HAYW options flow