JBTMJBT Marel Corporation
Options Analysis Report•SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY)
Market Cap $6.9B|NYSE
● 2026-04-17$132.23
VERY BEARISH
Analysis: 2026-04-16 EOD data
1Y +44.4%YTD -12.2%7D +2.9%
Options Vol
4,602
30D
Implied Move
±16.4%
IV Rank
14%
JBTM Options Overview
bearish flow with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.9
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 64.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.42x — IV premium over HV
Sector Relative≤50%
Sector percentile 62% — above sector median
Term Structure
<1.1xFront/Back 1.24x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 52.5% — normal range
Spread-Adjusted Value
<80%Effective IV 69.8% (ATM 52.5% + spread 8.7% + bias) — fair
Execution Efficiency
<3.0%Total drag 13.36% (spread 8.65% + slippage 4.71%) — high friction
Vega Efficiency
≥5.0Vega efficiency 38.12 (vega 32.972 / spread 8.65%) — efficient
Sentiment
Bullish or bearish?
2.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Moderate signal (Conviction: -94%, Raw: -93%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -94% (strong bearish) — Raw: -93%
OI Skew Magnitude
≥15%|OI skew| 2.3% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -100.0%, OI skew +2.3% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 100%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -93%, ATM: +0%, OTM: -100% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 61% — bearish vs sector
Activity
Unusual activity?
7.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks5/9 checks passed
Volume Surge
≥1.5xVolume 13.6x avg — hot
Turnover Rate
≥15%Vol/OI 45.7% — high 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 +0.5% (5d) — stable
Sector Relative≥60%
Sector activity percentile 99% — very active vs sector
Trade Quality
≥30%Large trade volume 100% — heavy institutional
Execution Urgency
≥60%Aggressive execution 40% — patient
Flow Conviction
≥30Conviction -94 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
3.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 8.7% — wide
Adequate OI
≥10,000OI 10,076 — adequate
Active Volume
≥500Volume 4,602/day — adequate
Reasonable Cost
≤$0.50$0.43 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 78% — wider than sector
Order Book Depth
≥100 contractsDepth 33.8 contracts (bid:18.4 ask:15.4) — thin
Execution Quality
<1.0%Avg slippage 4.71% — poor
Timing
Is now a good time?
8.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +24.1% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 64% — neutral
Event Detection
≥10pts kinkIV kink 10.9pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 603.89 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -94% @ 97% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 130 (ITM 20% + inst 100%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.2
bullishIV fair, bearish flow
Long Puts6.2
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put4.2
bullishIV fair, bearish flow
Covered Call6.1
bearishIV fair, bearish flow
For educational purposes only. Not investment advice.