OWLBlue Owl Capital Inc.
Options Analysis Report•INVESTMENT ADVICE
Market Cap $6.6B|NYSE
● 2026-05-15$9.81
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y -49.2%YTD -35.9%7D -7.1%
Options Vol
39,368
30D
Implied Move
±15.6%
IV Rank
50%
OWL Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
4.0
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 69.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.07x — IV premium over HV
Sector Relative≤50%
Sector percentile 79% — above sector median
Term Structure
<1.1xFront/Back 1.00x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 57.2% — normal range
Spread-Adjusted Value
<80%Effective IV 96.1% (ATM 57.2% + spread 19.5% + bias) — expensive
Execution Efficiency
<3.0%Total drag 31.54% (spread 19.46% + slippage 12.08%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.41 (vega 0.789 / spread 19.46%) — spread drag
Sentiment
Bullish or bearish?
5.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Moderate signal (Conviction: +44%, Raw: +13%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +44% (strong bullish) — Raw: +13%
OI Skew Magnitude
≥15%|OI skew| 11.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -39.4%, OI skew -11.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 32%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +14%, ATM: -18%, OTM: +26% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 93% — very bearish vs sector
Activity
Unusual activity?
3.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 2.8% — 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 -3.0% (5d) — unwinding
Sector Relative≥60%
Sector activity percentile 47% — neutral vs sector
Trade Quality
≥30%Large trade volume 73% — heavy institutional
Execution Urgency
≥60%Aggressive execution 31% — patient
Flow Conviction
≥30Conviction +44 (bullish) — moderate
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 19.5% — wide
Adequate OI
≥10,000OI 1,422,670 — deep
Active Volume
≥500Volume 39,368/day — active
Reasonable Cost
≤$0.50$0.97 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 83% — much wider than sector
Order Book Depth
≥100 contractsDepth 3,481.1 contracts (bid:2,335.7 ask:1,145.4) — deep
Execution Quality
<1.0%Avg slippage 12.08% — poor
Timing
Is now a good time?
6.9
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -0.4% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 70% — neutral
Event Detection
≥10pts kinkIV kink 1.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 54.03 — 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 +44% @ 72% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 103 (ITM 20% + inst 73%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.8
bullishIV expensive, mixed flow
Long Puts4.8
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.4
bullishIV rich premium, mixed flow
Covered Call5.4
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.