Options/LHX

LHXL3Harris Technologies, Inc.

Options Analysis Report•SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS

Market Cap $46.3B|NYSE

● 2026-09-11$248.37

BULLISH

Analysis: 2026-09-10 EOD data

1Y -11.5%YTD -18.4%7D -3.2%

Options Vol

4,229

30D

Implied Move

±7.3%

IV Rank

LHX Options Overview

bullish flow with unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

Loading score history...

LHX Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

7.4

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 30.9% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.27x — IV premium over HV

Sector Relative≤50%

Sector percentile 30% — below sector median

Term Structure

<1.1x

Front/Back 0.95x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 28.1% — normal range

Spread-Adjusted Value

<80%

Effective IV 53.2% (ATM 28.1% + spread 12.6% + bias) — good value

Execution Efficiency

<3.0%

Total drag 20.53% (spread 12.56% + slippage 7.97%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 2.89 (vega 3.627 / spread 12.56%) — spread drag

Sentiment

Bullish or bearish?

8.1

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +45%, Raw: +47%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +45% (strong bullish) — Raw: +47%

OI Skew Magnitude

≥15%

|OI skew| 36.6% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +46.2%, OI skew +36.6% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 6%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -7%, ATM: +21%, OTM: +65% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 27% — very bullish vs sector

Activity

Unusual activity?

7.1

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks6/8 checks passed

Volume Surge

≥1.5x

Volume 2.2x avg — hot

Turnover Rate

≥15%

Vol/OI 15.3% — high turnover

Multi-Day Persistence

≥2 days

2 day(s) elevated — sustained

OI Build

≥5%

OI change +3.1% (5d) — building

Sector Relative≥60%

Sector activity percentile 95% — very active vs sector

Trade Quality

≥30%

Large trade volume 62% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 23% — patient

Flow Conviction

≥30

Conviction +45 (bullish) — moderate

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 12.6% — wide

Adequate OI

≥10,000

OI 27,689 — adequate

Active Volume

≥500

Volume 4,229/day — adequate

Reasonable Cost

≤$0.50

$0.63 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 36% — tighter than sector

Order Book Depth

≥100 contracts

Depth 39.3 contracts (bid:18.2 ask:21.1) — thin

Execution Quality

<1.0%

Avg slippage 7.97% — poor

Timing

Is now a good time?

7.0

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -5.2% — contango

IV Percentile Clarity

<30 or >70

IV percentile 31% — neutral

Event Detection

≥10pts kink

IV kink -0.6pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 6.16 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +45% @ 72% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

Score 92 (ITM 20% + inst 62%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls7.8

bullishIV cheap, bullish flow

Long Puts4.9

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put5.4

bullishIV too cheap, bullish flow

Covered Call3.3

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 7, 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 LHX

LHX gamma walls LHX option chain LHX max pain LHX expected move LHX IV rank LHX put/call ratio LHX options flow