NVMINova Ltd. Ordinary Shares
Options Analysis Report
Market Cap $17.7B|NASDAQ
● 2026-05-15$556.11
BULLISH
Analysis: 2026-05-14 EOD data
1Y +185.0%YTD +60.1%7D +6.7%
Options Vol
1,365
30D
Implied Move
±8.6%
IV Rank
43%
NVMI Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.9
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 75.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.04x — IV ≤ HV
Sector Relative≤50%
Sector percentile 45% — below sector median
Term Structure
<1.1xFront/Back 0.97x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 64.2% — normal range
Spread-Adjusted Value
<80%Effective IV 83.5% (ATM 64.2% + spread 9.7% + bias) — expensive
Execution Efficiency
<3.0%Total drag 23.47% (spread 9.66% + slippage 13.81%) — high friction
Vega Efficiency
≥5.0Vega efficiency 94.40 (vega 91.192 / spread 9.66%) — efficient
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: -9%, Raw: -11%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -9% (neutral) — Raw: -11%
OI Skew Magnitude
≥15%|OI skew| 33.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +45.3%, OI skew +33.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 48%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +31%, ATM: +31%, OTM: -33% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 52% — neutral vs sector
Activity
Unusual activity?
6.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks5/9 checks passed
Volume Surge
≥1.5xVolume 6.5x avg — hot
Turnover Rate
≥15%Vol/OI 22.8% — high turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change +26.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 93% — very active vs sector
Trade Quality
≥30%Large trade volume 22% — mixed
Execution Urgency
≥60%Aggressive execution 33% — patient
Flow Conviction
≥30Conviction -9 (bearish) — mixed
Liquidity
Can I trade efficiently?
4.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 9.7% — wide
Adequate OI
≥10,000OI 5,986 — thin
Active Volume
≥500Volume 1,365/day — adequate
Reasonable Cost
≤$0.50$0.48 to cross — cheap
Strike Coverage
≥5 strikes7 liquid strikes — good coverage
Sector Relative≤40%
Sector spread percentile 70% — wider than sector
Order Book Depth
≥100 contractsDepth 13.2 contracts (bid:6.7 ask:6.5) — thin
Execution Quality
<1.0%Avg slippage 13.81% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -3.0% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 75% — seller opportunity
Event Detection
≥10pts kinkIV kink -0.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 208.49 — favors income trades
Expiration Distribution
≥3 expirations3 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 -9% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 52 (ITM 20% + inst 22%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.9
bullishIV fair, bullish flow
Long Puts5.0
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put4.9
bullishIV fair, bullish flow
Covered Call4.4
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.