SCCOSouthern Copper Corporation
Options Analysis Report•METAL MINING
Market Cap $157.3B|NYSE
● 2026-05-15$188.50
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +112.1%YTD +29.1%7D +2.7%
Options Vol
4,791
30D
Implied Move
±16.2%
IV Rank
74%
SCCO Options Overview
IV is elevated. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 70.5% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.22x — IV premium over HV
Sector Relative≤50%
Sector percentile 53% — above sector median
Term Structure
<1.1xFront/Back 1.06x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 58.0% — normal range
Spread-Adjusted Value
<80%Effective IV 84.8% (ATM 58.0% + spread 13.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 20.70% (spread 13.41% + slippage 7.29%) — high friction
Vega Efficiency
≥5.0Vega efficiency 44.70 (vega 59.941 / spread 13.41%) — efficient
Sentiment
Bullish or bearish?
4.9
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: +5%, Raw: -15%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +5% (neutral) — Raw: -15%
OI Skew Magnitude
≥15%|OI skew| 6.9% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -13.3%, OI skew +6.9% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 24%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -7%, ATM: -13%, OTM: -18% — neutral (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 89% — very bearish vs sector
Activity
Unusual activity?
4.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 8.7% — 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 +10.0% (5d) — building
Sector Relative≥60%
Sector activity percentile 92% — very active vs sector
Trade Quality
≥30%Large trade volume 50% — institutional presence
Execution Urgency
≥60%Aggressive execution 38% — patient
Flow Conviction
≥30Conviction +5 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 13.4% — wide
Adequate OI
≥10,000OI 54,933 — deep
Active Volume
≥500Volume 4,791/day — adequate
Reasonable Cost
≤$0.50$0.67 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 74% — wider than sector
Order Book Depth
≥100 contractsDepth 61.1 contracts (bid:40.6 ask:20.5) — thin
Execution Quality
<1.0%Avg slippage 7.29% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +6.3% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 70% — seller opportunity
Event Detection
≥10pts kinkIV kink 2.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 880.20 — 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 +5% @ 53% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 80 (ITM 20% + inst 50%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.0
bullishIV fair, mixed flow
Long Puts5.1
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.9
bullishIV fair, mixed flow
Covered Call5.0
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.