JHXJames Hardie Industries plc
Options Analysis Report
Market Cap $11.4B|NYSE
● 2026-05-15$19.68
BEARISH
Analysis: 2026-05-14 EOD data
1Y -22.3%YTD -5.4%7D -6.2%
Options Vol
142
30D
Implied Move
±8.6%
IV Rank
71%
JHX Options Overview
IV is elevated with bearish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
2.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks2/9 checks passed
IV Rank
≤35%IV Rank 84.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.42x — IV premium over HV
Sector Relative≤50%
Sector percentile 84% — above sector median
Term Structure
<1.1xFront/Back 1.13x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 78.1% — normal range
Spread-Adjusted Value
<80%Effective IV 132.2% (ATM 78.1% + spread 27.0% + bias) — expensive
Execution Efficiency
<3.0%Total drag 53.09% (spread 27.04% + slippage 26.05%) — high friction
Vega Efficiency
≥5.0Vega efficiency 3.44 (vega 9.304 / spread 27.04%) — spread drag
Sentiment
Bullish or bearish?
1.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -89%, Raw: -82%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -89% (strong bearish) — Raw: -82%
OI Skew Magnitude
≥15%|OI skew| 53.9% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -23.9%, OI skew +53.9% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 2%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -88%, ATM: -100%, OTM: -77% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 92% — very bearish vs sector
Activity
Unusual activity?
3.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.4x avg — normal
Turnover Rate
≥15%Vol/OI 0.5% — 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 +0.8% (5d) — stable
Sector Relative≥60%
Sector activity percentile 14% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 64% — urgent
Flow Conviction
≥30Conviction -89 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
2.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 27.0% — wide
Adequate OI
≥10,000OI 26,176 — adequate
Active Volume
≥500Volume 142/day — thin
Reasonable Cost
≤$0.50$1.35 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 91% — much wider than sector
Order Book Depth
≥100 contractsDepth 401.2 contracts (bid:240.0 ask:161.2) — adequate
Execution Quality
<1.0%Avg slippage 26.05% — 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 +13.2% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 84% — seller opportunity
Event Detection
≥10pts kinkIV kink 1.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1898.84 — 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 -89% @ 94% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls2.7
bullishIV expensive, bearish flow
Long Puts5.3
bearishIV expensive, bearish flow
Premium Sellers
Cash-Secured Put4.5
bullishIV rich premium, bearish flow
Covered Call7.2
bearishIV rich premium, bearish flow
For educational purposes only. Not investment advice.