RMDResMed Inc.
Options Analysis Report•SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
Market Cap $29.4B|NYSE
● 2026-05-15$202.46
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y -18.6%YTD -17.3%7D -2.1%
Options Vol
139
30D
Implied Move
±8.6%
IV Rank
9%
RMD Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.5
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 44.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.15x — IV premium over HV
Sector Relative≤50%
Sector percentile 42% — below sector median
Term Structure
<1.1xFront/Back 0.92x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 33.4% — normal range
Spread-Adjusted Value
<80%Effective IV 61.3% (ATM 33.4% + spread 13.9% + bias) — good value
Execution Efficiency
<3.0%Total drag 18.06% (spread 13.95% + slippage 4.11%) — high friction
Vega Efficiency
≥5.0Vega efficiency 2.71 (vega 3.774 / spread 13.95%) — spread drag
Sentiment
Bullish or bearish?
6.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Weak signal (Conviction: +22%, Raw: +15%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +22% (bullish) — Raw: +15%
OI Skew Magnitude
≥15%|OI skew| 0.8% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +18.0%, OI skew -0.8% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 60%, 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: +23%, OTM: -22% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 44% — bullish vs sector
Activity
Unusual activity?
2.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.1x avg — normal
Turnover Rate
≥15%Vol/OI 0.8% — 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 -3.9% (5d) — unwinding
Sector Relative≥60%
Sector activity percentile 7% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 22% — patient
Flow Conviction
≥30Conviction +22 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 13.9% — wide
Adequate OI
≥10,000OI 18,440 — adequate
Active Volume
≥500Volume 139/day — thin
Reasonable Cost
≤$0.50$0.70 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 44% — neutral vs sector
Order Book Depth
≥100 contractsDepth 45.7 contracts (bid:23.9 ask:21.8) — thin
Execution Quality
<1.0%Avg slippage 4.11% — poor
Timing
Is now a good time?
6.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -8.5% — contango
IV Percentile Clarity
<30 or >70IV percentile 45% — neutral
Event Detection
≥10pts kinkIV kink -0.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 3.88 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +22% @ 60% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.9
bullishIV cheap, bullish flow
Long Puts5.1
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.8
bullishIV too cheap, bullish flow
Covered Call4.0
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.