Options/HLT

HLTHilton Worldwide Holdings Inc.

Options Analysis Report•HOTELS & MOTELS

Market Cap $73.3B|NYSE

● 2026-08-28$325.68

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y +17.9%YTD +11.2%7D -0.3%

Options Vol

1,070

30D

Implied Move

±6.4%

IV Rank

13%

HLT Options Overview

IV is low. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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HLT Gamma Walls

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HLT Hedge Radar

Neutral

Full Hedge Radar

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

Protection is priced in the cheap band (2.1) — near-dated vol is priced 14% below far-dated, and downside puts carry 1.6 IV points more than at-the-money, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads neutral (4.59): it is trading 3% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

2.10/ 10cheap

Basis: cross_sectional

Fragility

4.59/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

8.8

ExpensiveCheap

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

levels.

Risk Checks8/9 checks passed

IV Rank

≤35%

IV Rank 23.5% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 0.96x — IV ≤ HV

Sector Relative≤50%

Sector percentile 6% — below 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 25.4% — normal range

Spread-Adjusted Value

<80%

Effective IV 39.2% (ATM 25.4% + spread 6.9% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 12.03% (spread 6.90% + slippage 5.13%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 21.63 (vega 14.922 / spread 6.90%) — efficient

Sentiment

Bullish or bearish?

4.5

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Weak signal (Conviction: -32%, Raw: -24%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -32% (strong bearish) — Raw: -24%

OI Skew Magnitude

≥15%

|OI skew| 2.6% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +10.1%, OI skew -2.6% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 4%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +18%, ATM: -60%, OTM: +2% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 48% — neutral vs sector

Activity

Unusual activity?

3.3

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.6x avg — normal

Turnover Rate

≥15%

Vol/OI 2.9% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +4.6% (5d) — building

Sector Relative≥60%

Sector activity percentile 26% — below sector avg

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 18% — patient

Flow Conviction

≥30

Conviction -32 (bearish) — moderate

Liquidity

Can I trade efficiently?

4.8

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 6.9% — wide

Adequate OI

≥10,000

OI 37,310 — adequate

Active Volume

≥500

Volume 1,070/day — adequate

Reasonable Cost

≤$0.50

$0.35 to cross — cheap

Strike Coverage

≥5 strikes

1 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 10% — much tighter than sector

Order Book Depth

≥100 contracts

Depth 37.4 contracts (bid:15.6 ask:21.8) — thin

Execution Quality

<1.0%

Avg slippage 5.13% — poor

Timing

Is now a good time?

7.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -13.6% — contango

IV Percentile Clarity

<30 or >70

IV percentile 24% — buyer opportunity

Event Detection

≥10pts kink

IV kink -0.9pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 43.40 — 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 -32% @ 66% consistency — moderate (bearish)

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls6.4

bullishIV cheap, mixed flow

Long Puts6.8

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.0

bullishIV too cheap, mixed flow

Covered Call4.4

bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.