STMSTMicroelectronics N.V.
Options Analysis Report
Market Cap $70.7B|NYSE
● 2026-06-03$79.51
BULLISH
Analysis: 2026-06-02 EOD data
1Y +209.7%YTD +190.5%7D +17.4%
Options Vol
84,396
30D
Implied Move
±23.3%
IV Rank
100%
STM Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
2.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks1/9 checks passed
IV Rank
≤35%IV Rank 89.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.12x — IV premium over HV
Sector Relative≤50%
Sector percentile 66% — above sector median
Term Structure
<1.1xFront/Back 1.27x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 82.7% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 98.3% (ATM 82.7% + spread 7.8% + bias) — expensive
Execution Efficiency
<3.0%Total drag 10.73% (spread 7.81% + slippage 2.92%) — high friction
Vega Efficiency
≥5.0Vega efficiency 3.56 (vega 2.779 / spread 7.81%) — spread drag
Sentiment
Bullish or bearish?
6.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +8%, Raw: +12%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +8% (neutral) — Raw: +12%
OI Skew Magnitude
≥15%|OI skew| 33.6% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +72.7%, OI skew +33.6% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +30%, ATM: -25%, OTM: +22% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 34% — bullish vs sector
Activity
Unusual activity?
6.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks5/9 checks passed
Volume Surge
≥1.5xVolume 3.1x avg — hot
Turnover Rate
≥15%Vol/OI 23.7% — high 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 +16.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 94% — very active vs sector
Trade Quality
≥30%Large trade volume 50% — heavy institutional
Execution Urgency
≥60%Aggressive execution 37% — patient
Flow Conviction
≥30Conviction +8 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 7.8% — wide
Adequate OI
≥10,000OI 355,545 — deep
Active Volume
≥500Volume 84,396/day — active
Reasonable Cost
≤$0.50$0.39 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 80% — wider than sector
Order Book Depth
≥100 contractsDepth 172.4 contracts (bid:100.7 ask:71.7) — adequate
Execution Quality
<1.0%Avg slippage 2.92% — poor
Timing
Is now a good time?
7.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +26.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 89% — seller opportunity
Event Detection
≥10pts kinkIV kink 21.1pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 6.00 — 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 +8% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 80 (ITM 20% + inst 50%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.1
bullishIV expensive, bullish flow
Long Puts3.9
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.9
bullishIV rich premium, bullish flow
Covered Call5.5
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.