PRIMPrimoris Services Corporation
Options Analysis Report•WATER, SEWER, PIPELINE, COMM & POWER LINE CONSTRUCTION
Market Cap $5.4B|NYSE
● 2026-06-12$98.65
VERY BULLISH
Analysis: 2026-06-11 EOD data
1Y +30.1%YTD -24.5%7D -19.0%
Options Vol
2,165
30D
Implied Move
±8.6%
IV Rank
100%
PRIM Options Overview
IV is elevated with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.7
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 85.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.84x — IV ≤ HV
Sector Relative≤50%
Sector percentile 87% — above sector median
Term Structure
<1.1xFront/Back 0.99x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 75.9% — normal range
Spread-Adjusted Value
<80%Effective IV 108.3% (ATM 75.9% + spread 16.2% + bias) — expensive
Execution Efficiency
<3.0%Total drag 23.69% (spread 16.22% + slippage 7.47%) — high friction
Vega Efficiency
≥5.0Vega efficiency 7.26 (vega 11.773 / spread 16.22%) — efficient
Sentiment
Bullish or bearish?
8.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +65%, Raw: +58%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +65% (strong bullish) — Raw: +58%
OI Skew Magnitude
≥15%|OI skew| 68.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +89.2%, OI skew +68.2% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +15%, ATM: +59%, OTM: +58% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 7% — very bullish vs sector
Activity
Unusual activity?
7.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks7/9 checks passed
Volume Surge
≥1.5xVolume 2.4x avg — hot
Turnover Rate
≥15%Vol/OI 13.0% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days3 day(s) elevated — sustained
OI Build
≥5%OI change +37.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 90% — very active vs sector
Trade Quality
≥30%Large trade volume 46% — institutional presence
Execution Urgency
≥60%Aggressive execution 60% — urgent
Flow Conviction
≥30Conviction +65 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
2.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 16.2% — wide
Adequate OI
≥10,000OI 16,677 — adequate
Active Volume
≥500Volume 2,165/day — adequate
Reasonable Cost
≤$0.50$0.81 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 92% — much wider than sector
Order Book Depth
≥100 contractsDepth 52.3 contracts (bid:31.5 ask:20.8) — thin
Execution Quality
<1.0%Avg slippage 7.47% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -0.7% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 85% — seller opportunity
Event Detection
≥10pts kinkIV kink 0.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 95.87 — favors income trades
Expiration Distribution
≥3 expirations4 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: No earnings detected; FOMC in 5d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +65% @ 82% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 76 (ITM 20% + inst 46%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.8
bullishIV expensive, bullish flow
Long Puts3.2
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.5
bullishIV rich premium, bullish flow
Covered Call3.9
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.