MKCMcCormick & Company, Incorporated Non-VTG CS
Options Analysis Report•MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS
Market Cap $12.5B|NYSE
● 2026-05-15$46.51
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y -37.8%YTD -30.9%7D -3.7%
Options Vol
4,302
30D
Implied Move
±8.6%
IV Rank
68%
MKC Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.1
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 50.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.00x — IV ≤ HV
Sector Relative≤50%
Sector percentile 50% — below sector median
Term Structure
<1.1xFront/Back 1.00x — flat
Skew Normal
<1.25xPut/Call IV 1.00x — normal
Absolute IV
<80%ATM IV 0.0% — normal range
Spread-Adjusted Value
<80%Effective IV 30.6% (ATM 0.0% + spread 15.3% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 21.49% (spread 15.29% + slippage 6.20%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.00 (vega 0.000 / spread 15.29%) — spread drag
Sentiment
Bullish or bearish?
4.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -68%, Raw: -57%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -68% (strong bearish) — Raw: -57%
OI Skew Magnitude
≥15%|OI skew| 28.6% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +90.1%, OI skew +28.6% — aligned
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: +32%, ATM: +74%, OTM: -60% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 6% — very bullish vs sector
Activity
Unusual activity?
7.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks6/9 checks passed
Volume Surge
≥1.5xVolume 2.5x avg — hot
Turnover Rate
≥15%Vol/OI 9.6% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change +17.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 83% — very active vs sector
Trade Quality
≥30%Large trade volume 58% — heavy institutional
Execution Urgency
≥60%Aggressive execution 50% — patient
Flow Conviction
≥30Conviction -68 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
3.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 15.3% — wide
Adequate OI
≥10,000OI 45,034 — adequate
Active Volume
≥500Volume 4,302/day — adequate
Reasonable Cost
≤$0.50$0.76 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 0% — much tighter than sector
Order Book Depth
≥100 contractsDepth 130.7 contracts (bid:86.9 ask:43.8) — adequate
Execution Quality
<1.0%Avg slippage 6.20% — poor
Timing
Is now a good time?
6.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +0.0% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 50% — neutral
Event Detection
≥10pts kinkIV kink 0.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1.00 — favors mixed
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -68% @ 84% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 88 (ITM 20% + inst 58%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.8
bullishIV fair, mixed flow
Long Puts5.4
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.6
bullishIV fair, mixed flow
Covered Call5.2
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.