HONHoneywell International, Inc.
Options Analysis Report•AIRCRAFT ENGINES & ENGINE PARTS
Market Cap $148.0B|NASDAQ
● 2026-04-17$233.55
BULLISH
Analysis: 2026-04-16 EOD data
1Y +27.6%YTD +19.2%7D -0.6%
Options Vol
6,578
30D
Implied Move
±9.5%
IV Rank
72%
HON Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.2
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 31.0% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.32x — IV premium over HV
Sector Relative≤50%
Sector percentile 24% — below sector median
Term Structure
<1.1xFront/Back 1.49x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 31.3% — normal range
Spread-Adjusted Value
<80%Effective IV 36.9% (ATM 31.3% + spread 2.8% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 6.54% (spread 2.78% + slippage 3.76%) — high friction
Vega Efficiency
≥5.0Vega efficiency 92.70 (vega 25.771 / spread 2.78%) — efficient
Sentiment
Bullish or bearish?
7.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +38%, Raw: +30%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +38% (strong bullish) — Raw: +30%
OI Skew Magnitude
≥15%|OI skew| 16.0% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +33.7%, OI skew +16.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 45%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +8%, ATM: +25%, OTM: +41% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 39% — bullish vs sector
Activity
Unusual activity?
4.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 1.3x avg — normal
Turnover Rate
≥15%Vol/OI 5.3% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +2.6% (5d) — building
Sector Relative≥60%
Sector activity percentile 59% — neutral vs sector
Trade Quality
≥30%Large trade volume 12% — mostly retail
Execution Urgency
≥60%Aggressive execution 22% — patient
Flow Conviction
≥30Conviction +38 (bullish) — moderate
Liquidity
Can I trade efficiently?
6.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks6/8 checks passed
Tradeable Spread
≤5.0%Spread 2.8% — acceptable
Adequate OI
≥10,000OI 123,980 — deep
Active Volume
≥500Volume 6,578/day — active
Reasonable Cost
≤$0.50$0.14 to cross — cheap
Strike Coverage
≥5 strikes4 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 27% — tighter than sector
Order Book Depth
≥100 contractsDepth 105.2 contracts (bid:41.6 ask:63.6) — adequate
Execution Quality
<1.0%Avg slippage 3.76% — poor
Timing
Is now a good time?
7.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +48.5% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 31% — neutral
Event Detection
≥10pts kinkIV kink 11.3pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 191.04 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 6d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +38% @ 69% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 42 (ITM 20% + inst 12%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.9
bullishIV fair, bullish flow
Long Puts4.7
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.7
bullishIV fair, bullish flow
Covered Call4.7
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.