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HCIHCI Group, Inc.

Options Analysis Report•FIRE, MARINE & CASUALTY INSURANCE
Market Cap $2.3B|NYSE
● 2026-08-31$186.29
VERY BULLISH
Analysis: 2026-08-28 EOD data
1Y +9.9%YTD +1.3%7D +0.5%
196
30D
±7.3%
8%

HCI Options Overview

bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

6.0VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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HCI Gamma Walls

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Value

Is IV priced right?

7.1
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 41.4% — elevated vs history

<1.05x

IV/HV 1.25x — IV premium over HV

Sector Relative≤50%

Sector percentile 61% — above sector median

<1.1x

Front/Back 0.83x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 28.2% — normal range

<80%

Effective IV 38.2% (ATM 28.2% + spread 5.0% + bias) — excellent value

<3.0%

Total drag 6.44% (spread 4.99% + slippage 1.45%) — high friction

≥5.0

Vega efficiency 35.11 (vega 17.518 / spread 4.99%) — efficient

Sentiment

Bullish or bearish?

6.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -6%, Raw: +0%)
|net sentiment| ≥25%

Conviction-weighted: -6% (neutral) — Raw: +0%

≥15%

|OI skew| 88.3% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +95.9%, OI skew +88.3% — aligned

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +0%, ATM: +0%, OTM: +0% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 1% — very bullish vs sector

Activity

Unusual activity?

5.5
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed
≥1.5x

Volume 2.0x avg — hot

≥15%

Vol/OI 3.9% — normal turnover

≥2 days

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

≥5%

OI change +14.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 63% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 71% — urgent

≥30

Conviction -6 (bearish) — mixed

Liquidity

Can I trade efficiently?

4.8
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 5.0% — acceptable

≥10,000

OI 5,092 — thin

≥500

Volume 196/day — thin

≤$0.50

$0.25 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 71% — wider than sector

≥100 contracts

Depth 86.7 contracts (bid:34.5 ask:52.2) — thin

<1.0%

Avg slippage 1.45% — fair

Timing

Is now a good time?

6.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope -16.8% — contango

<30 or >70

IV percentile 41% — neutral

≥10pts kink

IV kink -3.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 135.48 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -6% @ 53% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.9
bullishIV cheap, bullish flow
Long Puts5.4
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.0
bullishIV too cheap, bullish flow
Covered Call4.1
bearishIV too cheap, 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.

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