MDTMedtronic plc
Options Analysis Report•ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
Market Cap $98.8B|NYSE
● 2026-05-15$76.97
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y -10.6%YTD -19.9%7D +1.1%
Options Vol
11,854
30D
Implied Move
±8.9%
IV Rank
66%
MDT Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 34.5% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.14x — IV premium over HV
Sector Relative≤50%
Sector percentile 30% — below sector median
Term Structure
<1.1xFront/Back 0.89x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 31.0% — normal range
Spread-Adjusted Value
<80%Effective IV 67.5% (ATM 31.0% + spread 18.2% + bias) — fair
Execution Efficiency
<3.0%Total drag 24.94% (spread 18.24% + slippage 6.70%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.54 (vega 0.976 / spread 18.24%) — spread drag
Sentiment
Bullish or bearish?
5.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +27%, Raw: +20%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +27% (bullish) — Raw: +20%
OI Skew Magnitude
≥15%|OI skew| 40.6% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -53.1%, OI skew +40.6% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 62%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +19%, ATM: -24%, OTM: +37% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 81% — very bearish vs sector
Activity
Unusual activity?
5.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 6.4% — 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 +20.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 78% — active vs sector
Trade Quality
≥30%Large trade volume 65% — heavy institutional
Execution Urgency
≥60%Aggressive execution 36% — patient
Flow Conviction
≥30Conviction +27 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 18.2% — wide
Adequate OI
≥10,000OI 185,618 — deep
Active Volume
≥500Volume 11,854/day — active
Reasonable Cost
≤$0.50$0.91 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 32% — tighter than sector
Order Book Depth
≥100 contractsDepth 433.6 contracts (bid:219.9 ask:213.7) — adequate
Execution Quality
<1.0%Avg slippage 6.70% — poor
Timing
Is now a good time?
7.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -11.0% — contango
IV Percentile Clarity
<30 or >70IV percentile 34% — neutral
Event Detection
≥10pts kinkIV kink -4.3pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 7.73 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 19d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +27% @ 64% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 95 (ITM 20% + inst 65%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.7
bullishIV cheap, mixed flow
Long Puts5.5
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put5.0
bullishIV too cheap, mixed flow
Covered Call4.8
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.