SPCEVirgin Galactic Holdings, Inc.
Options Analysis Report•TRANSPORTATION SERVICES
Market Cap $272M|NYSE
● 2026-05-15$2.88
VERY BULLISH
Analysis: 2026-05-14 EOD data
1Y -14.0%YTD -12.5%7D -2.0%
Options Vol
37,194
30D
Implied Move
±8.6%
IV Rank
48%
SPCE Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
5.7
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 50.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.00x — IV ≤ HV
Sector Relative≤50%
Sector percentile 50% — below sector median
Term Structure
<1.1xFront/Back 1.00x — flat
Skew Normal
<1.25xPut/Call IV 1.00x — normal
Absolute IV
<80%ATM IV 0.0% — normal range
Spread-Adjusted Value
<80%Effective IV 40.6% (ATM 0.0% + spread 20.3% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 27.06% (spread 20.32% + slippage 6.74%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.00 (vega 0.000 / spread 20.32%) — spread drag
Sentiment
Bullish or bearish?
8.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +45%, Raw: +43%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +45% (strong bullish) — Raw: +43%
OI Skew Magnitude
≥15%|OI skew| 54.0% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +84.7%, OI skew +54.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 48%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +25%, ATM: -8%, OTM: +45% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 13% — very bullish vs sector
Activity
Unusual activity?
6.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks6/9 checks passed
Volume Surge
≥1.5xVolume 2.1x avg — hot
Turnover Rate
≥15%Vol/OI 7.9% — 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 +11.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 79% — active vs sector
Trade Quality
≥30%Large trade volume 38% — institutional presence
Execution Urgency
≥60%Aggressive execution 63% — urgent
Flow Conviction
≥30Conviction +45 (bullish) — moderate
Liquidity
Can I trade efficiently?
4.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 20.3% — wide
Adequate OI
≥10,000OI 473,300 — deep
Active Volume
≥500Volume 37,194/day — active
Reasonable Cost
≤$0.50$1.02 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 0% — much tighter than sector
Order Book Depth
≥100 contractsDepth 997.7 contracts (bid:431.1 ask:566.6) — deep
Execution Quality
<1.0%Avg slippage 6.74% — poor
Timing
Is now a good time?
6.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +0.0% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 50% — neutral
Event Detection
≥10pts kinkIV kink 0.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1.00 — favors mixed
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 +45% @ 73% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 68 (ITM 20% + inst 38%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.5
bullishIV fair, bullish flow
Long Puts4.3
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.0
bullishIV fair, bullish flow
Covered Call3.8
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.