NNNextNav Inc. Common Stock
Options Analysis Report•SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS
Market Cap $3.0B|NASDAQ
● 2026-05-15$22.18
BULLISH
Analysis: 2026-05-14 EOD data
1Y +63.2%YTD +36.7%7D +12.1%
Options Vol
74,687
30D
Implied Move
±30.8%
IV Rank
42%
NN Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
2.9
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks2/9 checks passed
IV Rank
≤35%IV Rank 94.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.04x — IV ≤ HV
Sector Relative≤50%
Sector percentile 88% — above sector median
Term Structure
<1.1xFront/Back 1.31x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 112.8% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 144.2% (ATM 112.8% + spread 15.7% + bias) — expensive
Execution Efficiency
<3.0%Total drag 20.94% (spread 15.70% + slippage 5.24%) — high friction
Vega Efficiency
≥5.0Vega efficiency 4.01 (vega 6.299 / spread 15.70%) — spread drag
Sentiment
Bullish or bearish?
6.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: -7%, Raw: -28%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -7% (neutral) — Raw: -28%
OI Skew Magnitude
≥15%|OI skew| 81.6% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +94.1%, OI skew +81.6% — aligned
Conviction Quality
≥2/3 conditions0-DTE 4%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -76%, ATM: +91%, OTM: -61% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 10% — very bullish vs sector
Activity
Unusual activity?
6.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 3.8x avg — hot
Turnover Rate
≥15%Vol/OI 23.6% — 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 +4.6% (5d) — building
Sector Relative≥60%
Sector activity percentile 95% — very active vs sector
Trade Quality
≥30%Large trade volume 86% — heavy institutional
Execution Urgency
≥60%Aggressive execution 39% — patient
Flow Conviction
≥30Conviction -7 (bearish) — mixed
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 15.7% — wide
Adequate OI
≥10,000OI 316,144 — deep
Active Volume
≥500Volume 74,687/day — active
Reasonable Cost
≤$0.50$0.79 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 94% — much wider than sector
Order Book Depth
≥100 contractsDepth 202.3 contracts (bid:105.6 ask:96.7) — adequate
Execution Quality
<1.0%Avg slippage 5.24% — poor
Timing
Is now a good time?
8.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +30.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 94% — seller opportunity
Event Detection
≥10pts kinkIV kink 34.2pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 437.44 — favors income trades
Expiration Distribution
≥3 expirations5 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 -7% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 116 (ITM 20% + inst 86%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.0
bullishIV expensive, bullish flow
Long Puts4.1
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.4
bullishIV rich premium, bullish flow
Covered Call5.4
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.