Options/QLYS

QLYSQualys, Inc. Common Stock

Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE

Market Cap $5.2B|NASDAQ

● 2026-09-11$150.28

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y +12.6%YTD +14.7%7D -12.4%

Options Vol

30D

Implied Move

±8.6%

IV Rank

19%

QLYS Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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QLYS Gamma Walls

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Value

Is IV priced right?

6.7

ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 72.6% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.06x — IV premium over HV

Sector Relative≤50%

Sector percentile 35% — below sector median

Term Structure

<1.1x

Front/Back 1.07x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 50.9% — normal range

Spread-Adjusted Value

<80%

Effective IV 82.9% (ATM 50.9% + spread 16.0% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 21.09% (spread 15.98% + slippage 5.11%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 20.56 (vega 32.860 / spread 15.98%) — efficient

Sentiment

Bullish or bearish?

5.8

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -16%, Raw: -19%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -16% (bearish) — Raw: -19%

OI Skew Magnitude

≥15%

|OI skew| 21.6% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +27.3%, OI skew +21.6% — aligned

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: -33%, ATM: +5%, OTM: -41% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 48% — neutral 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 0.2x 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 +0.7% (5d) — stable

Sector Relative≥60%

Sector activity percentile 20% — quiet vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 29% — patient

Flow Conviction

≥30

Conviction -16 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.3

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks1/8 checks passed

Tradeable Spread

≤5.0%

Spread 16.0% — wide

Adequate OI

≥10,000

OI 11,954 — adequate

Active Volume

≥500

Volume 44/day — thin

Reasonable Cost

≤$0.50

$0.80 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 61% — wider than sector

Order Book Depth

≥100 contracts

Depth 17.0 contracts (bid:9.1 ask:7.9) — thin

Execution Quality

<1.0%

Avg slippage 5.11% — poor

Timing

Is now a good time?

6.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +6.9% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 73% — seller opportunity

Event Detection

≥10pts kink

IV kink 5.1pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 356.40 — favors income trades

Expiration Distribution

≥3 expirations

3 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 -16% @ 59% consistency — unclear

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls5.7

bullishIV cheap, mixed flow

Long Puts5.1

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.4

bullishIV too cheap, mixed flow

Covered Call3.9

bearishIV too cheap, mixed 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 QLYS

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