SHELShell plc American Depositary Shares (Each represents two Ordinary shares)
Options Analysis Report
Market Cap $235.4B|NYSE
● 2026-05-15$84.51
BULLISH
Analysis: 2026-05-14 EOD data
1Y +25.4%YTD +12.0%7D +0.6%
Options Vol
5,439
30D
Implied Move
±7.5%
IV Rank
54%
SHEL Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 17.7% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 0.99x — IV ≤ HV
Sector Relative≤50%
Sector percentile 8% — below sector median
Term Structure
<1.1xFront/Back 1.14x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 26.8% — normal range
Spread-Adjusted Value
<80%Effective IV 40.3% (ATM 26.8% + spread 6.7% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 10.29% (spread 6.73% + slippage 3.56%) — high friction
Vega Efficiency
≥5.0Vega efficiency 40.37 (vega 27.169 / spread 6.73%) — efficient
Sentiment
Bullish or bearish?
6.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +23%, Raw: +22%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +23% (bullish) — Raw: +22%
OI Skew Magnitude
≥15%|OI skew| 37.0% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +12.8%, OI skew +37.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 9%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -29%, ATM: -22%, OTM: +41% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 80% — very bearish vs sector
Activity
Unusual activity?
3.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 2.1% — 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 +3.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 48% — neutral vs sector
Trade Quality
≥30%Large trade volume 18% — mixed
Execution Urgency
≥60%Aggressive execution 61% — urgent
Flow Conviction
≥30Conviction +23 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 6.7% — wide
Adequate OI
≥10,000OI 252,731 — deep
Active Volume
≥500Volume 5,439/day — active
Reasonable Cost
≤$0.50$0.34 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 46% — neutral vs sector
Order Book Depth
≥100 contractsDepth 673.7 contracts (bid:395.1 ask:278.6) — deep
Execution Quality
<1.0%Avg slippage 3.56% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +14.2% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 18% — buyer opportunity
Event Detection
≥10pts kinkIV kink 3.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1708.75 — 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 +23% @ 61% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 48 (ITM 20% + inst 18%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls7.1
bullishIV cheap, bullish flow
Long Puts5.7
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.1
bullishIV too cheap, bullish flow
Covered Call4.1
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.