Options/SPGI

SPGIS&P Global Inc.

Options Analysis Report•SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES

Market Cap $121.0B|NYSE

● 2026-09-11$410.42

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y -25.5%YTD -19.9%7D -7.5%

Options Vol

3,358

30D

Implied Move

±8.1%

IV Rank

22%

SPGI Options Overview

bearish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

Loading score history...

SPGI Gamma Walls

Loading gamma walls...

SPGI Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where SPGI sits on protection cost vs. fragility today.

Protection is priced in the cheap band (3.56) — the move being priced is 1.57x this name's own median 20-trading-day move, and near-dated vol is priced 2% below far-dated, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads neutral (5.43): it is trading 2% below its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

3.56/ 10cheap

Basis: cross_sectional

Fragility

5.43/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

6.4

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 42.3% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.96x — IV ≤ HV

Sector Relative≤50%

Sector percentile 68% — above sector median

Term Structure

<1.1x

Front/Back 0.98x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 30.8% — normal range

Spread-Adjusted Value

<80%

Effective IV 88.4% (ATM 30.8% + spread 28.8% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 37.35% (spread 28.81% + slippage 8.54%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 8.29 (vega 23.895 / spread 28.81%) — efficient

Sentiment

Bullish or bearish?

3.3

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -9%, Raw: -8%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -9% (neutral) — Raw: -8%

OI Skew Magnitude

≥15%

|OI skew| 8.7% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -23.1%, OI skew -8.7% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 18%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -46%, ATM: +6%, OTM: -11% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 81% — very bearish vs sector

Activity

Unusual activity?

5.3

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed

Volume Surge

≥1.5x

Volume 2.0x avg — hot

Turnover Rate

≥15%

Vol/OI 15.2% — high turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -3.0% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 97% — very active vs sector

Trade Quality

≥30%

Large trade volume 12% — mostly retail

Execution Urgency

≥60%

Aggressive execution 17% — patient

Flow Conviction

≥30

Conviction -9 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.8

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks2/8 checks passed

Tradeable Spread

≤5.0%

Spread 28.8% — wide

Adequate OI

≥10,000

OI 22,171 — adequate

Active Volume

≥500

Volume 3,358/day — adequate

Reasonable Cost

≤$0.50

$1.44 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 69% — wider than sector

Order Book Depth

≥100 contracts

Depth 42.1 contracts (bid:13.9 ask:28.2) — thin

Execution Quality

<1.0%

Avg slippage 8.54% — poor

Timing

Is now a good time?

5.6

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks4/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -2.0% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 42% — neutral

Event Detection

≥10pts kink

IV kink 0.1pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 50.42 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -9% @ 54% consistency — unclear

Smart Money Timing

≥40 composite score

Score 42 (ITM 20% + inst 12%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls4.7

bullishIV cheap, bearish flow

Long Puts5.9

bearishIV cheap, bearish flow

Premium Sellers

Cash-Secured Put3.6

bullishIV too cheap, bearish flow

Covered Call4.8

bearishIV too cheap, bearish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on SPGI

SPGI gamma walls SPGI option chain SPGI max pain SPGI expected move SPGI IV rank SPGI put/call ratio SPGI options flow