NUENucor Corporation
Options Analysis Report•STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
Market Cap $53.0B|NYSE
● 2026-05-15$232.85
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +101.7%YTD +37.5%7D +2.4%
Options Vol
1,509
30D
Implied Move
±8.6%
IV Rank
22%
NUE Options Overview
bearish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.3
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 56.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.28x — IV premium over HV
Sector Relative≤50%
Sector percentile 47% — below sector median
Term Structure
<1.1xFront/Back 0.95x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 36.9% — normal range
Spread-Adjusted Value
<80%Effective IV 51.9% (ATM 36.9% + spread 7.5% + bias) — good value
Execution Efficiency
<3.0%Total drag 11.59% (spread 7.52% + slippage 4.07%) — high friction
Vega Efficiency
≥5.0Vega efficiency 50.68 (vega 38.113 / spread 7.52%) — efficient
Sentiment
Bullish or bearish?
4.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -47%, Raw: -42%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -47% (strong bearish) — Raw: -42%
OI Skew Magnitude
≥15%|OI skew| 16.3% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +3.5%, OI skew +16.3% — weak (same direction)
Conviction Quality
≥2/3 conditions0-DTE 31%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +27%, ATM: +6%, OTM: -52% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 75% — very bearish vs sector
Activity
Unusual activity?
3.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 2.0% — 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 +2.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 20% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 52% — patient
Flow Conviction
≥30Conviction -47 (bearish) — moderate
Liquidity
Can I trade efficiently?
4.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 7.5% — wide
Adequate OI
≥10,000OI 75,232 — deep
Active Volume
≥500Volume 1,509/day — adequate
Reasonable Cost
≤$0.50$0.38 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 50% — neutral vs sector
Order Book Depth
≥100 contractsDepth 88.7 contracts (bid:43.1 ask:45.6) — thin
Execution Quality
<1.0%Avg slippage 4.07% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -5.5% — contango
IV Percentile Clarity
<30 or >70IV percentile 57% — neutral
Event Detection
≥10pts kinkIV kink -1.2pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 337.29 — favors income trades
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 -47% @ 74% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.5
bullishIV cheap, mixed flow
Long Puts5.9
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.6
bullishIV too cheap, mixed flow
Covered Call5.1
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.