OPENOpendoor Technologies Inc Common Stock
Options Analysis Report•REAL ESTATE AGENTS & MANAGERS (FOR OTHERS)
Market Cap $4.3B|NASDAQ
● 2026-05-15$4.47
BULLISH
Analysis: 2026-05-14 EOD data
1Y +532.0%YTD -26.4%7D -10.8%
Options Vol
92,493
30D
Implied Move
±20.7%
IV Rank
1%
OPEN 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?
3.9
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 83.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.52x — IV premium over HV
Sector Relative≤50%
Sector percentile 92% — above sector median
Term Structure
<1.1xFront/Back 0.93x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 77.2% — normal range
Spread-Adjusted Value
<80%Effective IV 101.2% (ATM 77.2% + spread 12.0% + bias) — expensive
Execution Efficiency
<3.0%Total drag 19.69% (spread 12.01% + slippage 7.68%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.36 (vega 0.437 / spread 12.01%) — spread drag
Sentiment
Bullish or bearish?
7.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +14%, Raw: +10%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +14% (bullish) — Raw: +10%
OI Skew Magnitude
≥15%|OI skew| 63.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +72.5%, OI skew +63.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 26%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +5%, ATM: -8%, OTM: +15% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 28% — very bullish vs sector
Activity
Unusual activity?
5.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 9.3% — 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 +9.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 90% — very active vs sector
Trade Quality
≥30%Large trade volume 49% — institutional presence
Execution Urgency
≥60%Aggressive execution 70% — urgent
Flow Conviction
≥30Conviction +14 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 12.0% — wide
Adequate OI
≥10,000OI 990,544 — deep
Active Volume
≥500Volume 92,493/day — active
Reasonable Cost
≤$0.50$0.60 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 96% — much wider than sector
Order Book Depth
≥100 contractsDepth 1,024.2 contracts (bid:410.5 ask:613.7) — deep
Execution Quality
<1.0%Avg slippage 7.68% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -6.9% — contango
IV Percentile Clarity
<30 or >70IV percentile 84% — seller opportunity
Event Detection
≥10pts kinkIV kink -1.2pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 53.90 — 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 +14% @ 57% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 79 (ITM 20% + inst 49%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.6
bullishIV expensive, bullish flow
Long Puts4.2
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.2
bullishIV rich premium, bullish flow
Covered Call4.9
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.