Options/PRU

PRUPrudential Financial, Inc.

Options Analysis Report•LIFE INSURANCE

Market Cap $40.9B|NYSE

● 2026-09-11$118.48

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y +10.7%YTD +4.0%7D -2.9%

Options Vol

283

30D

Implied Move

±8.6%

IV Rank

24%

PRU Options Overview

IV is low. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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PRU Gamma Walls

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PRU Hedge Radar

No action needed

Full Hedge Radar

Fragility reads low; protection is priced cheap. Neither axis is a forecast — this is where PRU sits on protection cost vs. fragility today.

Protection is priced in the cheap band (2.76) — downside puts carry 0.1 IV points LESS than at-the-money, and near-dated vol is priced 17% below far-dated, measured against this name's own rolling 17-trading-day realized moves (487 overlapping windows). Fragility reads resilient (3.38): it is trading 17% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

2.76/ 10cheap

Basis: cross_sectional

Fragility

3.38/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

7.7

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 20.1% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.16x — IV premium over HV

Sector Relative≤50%

Sector percentile 34% — below sector median

Term Structure

<1.1x

Front/Back 0.96x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 26.4% — normal range

Spread-Adjusted Value

<80%

Effective IV 55.0% (ATM 26.4% + spread 14.3% + bias) — good value

Execution Efficiency

<3.0%

Total drag 23.42% (spread 14.32% + slippage 9.10%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 19.30 (vega 27.642 / spread 14.32%) — efficient

Sentiment

Bullish or bearish?

6.3

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +14%, Raw: +8%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +14% (bullish) — Raw: +8%

OI Skew Magnitude

≥15%

|OI skew| 4.8% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +34.3%, OI skew -4.8% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-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: -8%, ATM: +63%, OTM: -7% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 31% — bullish vs sector

Activity

Unusual activity?

1.7

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.1x avg — normal

Turnover Rate

≥15%

Vol/OI 0.4% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +2.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 3% — quiet vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 44% — patient

Flow Conviction

≥30

Conviction +14 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.6

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks2/8 checks passed

Tradeable Spread

≤5.0%

Spread 14.3% — wide

Adequate OI

≥10,000

OI 81,539 — deep

Active Volume

≥500

Volume 283/day — thin

Reasonable Cost

≤$0.50

$0.72 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 36% — tighter than sector

Order Book Depth

≥100 contracts

Depth 66.19999999999999 contracts (bid:35.8 ask:30.4) — thin

Execution Quality

<1.0%

Avg slippage 9.10% — poor

Timing

Is now a good time?

6.5

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks4/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -4.1% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 20% — buyer opportunity

Event Detection

≥10pts kink

IV kink -0.7pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 937.02 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +14% @ 57% consistency — unclear

Smart Money Timing

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls6.4

bullishIV cheap, bullish flow

Long Puts5.5

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.6

bullishIV too cheap, bullish flow

Covered Call3.7

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on PRU

PRU gamma walls PRU option chain PRU max pain PRU expected move PRU IV rank PRU put/call ratio PRU options flow