SONSonoco Products Company
Options Analysis Report•PAPERBOARD CONTAINERS & BOXES
Market Cap $4.9B|NYSE
● 2026-05-15$49.42
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +7.8%YTD +11.4%7D -4.2%
Options Vol
58
30D
Implied Move
±8.6%
IV Rank
17%
SON Options Overview
Mixed signals. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 33.5% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 0.49x — IV ≤ HV
Sector Relative≤50%
Sector percentile 10% — below sector median
Term Structure
<1.1xFront/Back 1.02x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 34.3% — normal range
Spread-Adjusted Value
<80%Effective IV 160.8% (ATM 34.3% + spread 63.2% + bias) — expensive
Execution Efficiency
<3.0%Total drag 83.85% (spread 63.23% + slippage 20.62%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.30 (vega 8.251 / spread 63.23%) — spread drag
Sentiment
Bullish or bearish?
3.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -25%, Raw: -29%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -25% (bearish) — Raw: -29%
OI Skew Magnitude
≥15%|OI skew| 70.5% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -24.1%, OI skew +70.5% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 34%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +0%, ATM: -57%, OTM: +0% — bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 84% — very bearish vs sector
Activity
Unusual activity?
2.3
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 0.7% — 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 -0.3% (5d) — stable
Sector Relative≥60%
Sector activity percentile 25% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 25% — patient
Flow Conviction
≥30Conviction -25 (bearish) — mixed
Liquidity
Can I trade efficiently?
2.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 63.2% — wide
Adequate OI
≥10,000OI 8,400 — thin
Active Volume
≥500Volume 58/day — thin
Reasonable Cost
≤$0.50$3.16 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 51% — neutral vs sector
Order Book Depth
≥100 contractsDepth 152.0 contracts (bid:72.2 ask:79.8) — adequate
Execution Quality
<1.0%Avg slippage 20.62% — 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 +2.3% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 34% — neutral
Event Detection
≥10pts kinkIV kink 0.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 340.95 — favors income trades
Expiration Distribution
≥3 expirations3 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 -25% @ 64% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.2
bullishIV cheap, bearish flow
Long Puts6.2
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.6
bullishIV too cheap, bearish flow
Covered Call4.6
bearishIV too cheap, bearish flow
For educational purposes only. Not investment advice.