LUNRIntuitive Machines, Inc. Class A Common Stock
Options Analysis Report•SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS
Market Cap $7.0B|NASDAQ
● 2026-05-29$43.83
BULLISH
Analysis: 2026-05-28 EOD data
1Y +284.1%YTD +145.1%7D +14.6%
Options Vol
64,654
30D
Implied Move
±40.4%
IV Rank
90%
LUNR Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
1.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks1/9 checks passed
IV Rank
≤35%IV Rank 97.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.11x — IV premium over HV
Sector Relative≤50%
Sector percentile 98% — above sector median
Term Structure
<1.1xFront/Back 1.23x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 138.8% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 167.2% (ATM 138.8% + spread 14.2% + bias) — expensive
Execution Efficiency
<3.0%Total drag 19.63% (spread 14.19% + slippage 5.44%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.67 (vega 0.948 / spread 14.19%) — spread drag
Sentiment
Bullish or bearish?
6.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +16%, Raw: +15%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +16% (bullish) — Raw: +15%
OI Skew Magnitude
≥15%|OI skew| 14.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +25.6%, OI skew +14.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 39%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +30%, ATM: +6%, OTM: +12% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 56% — bearish vs sector
Activity
Unusual activity?
5.6
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.4x avg — normal
Turnover Rate
≥15%Vol/OI 17.3% — 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 +13.0% (5d) — building
Sector Relative≥60%
Sector activity percentile 91% — very active vs sector
Trade Quality
≥30%Large trade volume 18% — mixed
Execution Urgency
≥60%Aggressive execution 35% — patient
Flow Conviction
≥30Conviction +16 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 14.2% — wide
Adequate OI
≥10,000OI 373,675 — deep
Active Volume
≥500Volume 64,654/day — active
Reasonable Cost
≤$0.50$0.71 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 99% — much wider than sector
Order Book Depth
≥100 contractsDepth 302.0 contracts (bid:183.5 ask:118.5) — adequate
Execution Quality
<1.0%Avg slippage 5.44% — 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 +23.0% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 97% — seller opportunity
Event Detection
≥10pts kinkIV kink 16.3pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1.01 — favors mixed
Expiration Distribution
≥3 expirations4 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 +16% @ 58% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 48 (ITM 20% + inst 18%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls4.6
bullishIV expensive, bullish flow
Long Puts3.4
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put7.3
bullishIV rich premium, bullish flow
Covered Call5.6
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.