Options/JKHY

JKHYHenry (Jack) & Associates

Options Analysis Report•SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN

Market Cap $12.1B|NASDAQ

● 2026-08-31$169.73

BEARISH

Analysis: 2026-08-28 EOD data

1Y +5.6%YTD -4.8%7D -0.5%

Options Vol

164

30D

Implied Move

±9.3%

IV Rank

14%

JKHY Options Overview

bearish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

Loading score history...

JKHY Gamma Walls

Loading gamma walls...

JKHY Hedge Radar

Neutral

Full Hedge Radar

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

Protection is priced in the rich band (6.47) — the move being priced is 2.04x this name's own median 21-trading-day move, and near-dated vol is priced 155% above far-dated, measured against this name's own rolling 21-trading-day realized moves (483 overlapping windows). Fragility reads neutral (4.67): it is trading 2% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

6.47/ 10rich

Basis: cross_sectional

Fragility

4.67/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

7.3

ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 58.5% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 14% — below sector median

Term Structure

<1.1x

Front/Back 1.00x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 32.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 83.4% (ATM 32.0% + spread 25.7% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 33.80% (spread 25.72% + slippage 8.08%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 6.29 (vega 16.178 / spread 25.72%) — acceptable

Sentiment

Bullish or bearish?

2.9

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -18%, Raw: -10%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -18% (bearish) — Raw: -10%

OI Skew Magnitude

≥15%

|OI skew| 16.1% — put-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -76.8%, OI skew -16.1% — aligned

Conviction Quality

≥2/3 conditions

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

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +0%, ATM: +82%, OTM: -17% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 97% — very bearish vs sector

Activity

Unusual activity?

3.0

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 4.7% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +39.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 34% — below sector avg

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 44% — patient

Flow Conviction

≥30

Conviction -18 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.0

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks1/8 checks passed

Tradeable Spread

≤5.0%

Spread 25.7% — wide

Adequate OI

≥10,000

OI 3,495 — thin

Active Volume

≥500

Volume 164/day — thin

Reasonable Cost

≤$0.50

$1.29 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 15% — much tighter than sector

Order Book Depth

≥100 contracts

Depth 30.3 contracts (bid:8.2 ask:22.1) — thin

Execution Quality

<1.0%

Avg slippage 8.08% — poor

Timing

Is now a good time?

5.9

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks4/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -0.3% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 58% — neutral

Event Detection

≥10pts kink

IV kink 0.2pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 130.89 — favors income trades

Expiration Distribution

≥3 expirations

3 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 -18% @ 59% consistency — unclear

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls4.9

bullishIV cheap, bearish flow

Long Puts7.2

bearishIV cheap, bearish flow

Premium Sellers

Cash-Secured Put3.3

bullishIV too cheap, bearish flow

Covered Call4.8

bearishIV too cheap, bearish 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.

More on JKHY

JKHY gamma walls JKHY max pain JKHY IV rank JKHY options flow