STXSeagate Technology Holdings PLC Ordinary Shares (Ireland)
Options Analysis Report•COMPUTER STORAGE DEVICES
Market Cap $180.5B|NASDAQ
● 2026-05-15$804.76
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +649.1%YTD +179.9%7D +2.8%
Options Vol
16,297
30D
Implied Move
±23.3%
IV Rank
76%
STX Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
2.2
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 98.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.46x — IV premium over HV
Sector Relative≤50%
Sector percentile 93% — above sector median
Term Structure
<1.1xFront/Back 1.08x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 82.9% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 99.4% (ATM 82.9% + spread 8.3% + bias) — expensive
Execution Efficiency
<3.0%Total drag 15.83% (spread 8.26% + slippage 7.57%) — high friction
Vega Efficiency
≥5.0Vega efficiency 282.23 (vega 233.125 / spread 8.26%) — efficient
Sentiment
Bullish or bearish?
5.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: -3%, Raw: +1%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -3% (neutral) — Raw: +1%
OI Skew Magnitude
≥15%|OI skew| 7.5% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +14.4%, OI skew -7.5% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 36%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -7%, ATM: -35%, OTM: +12% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 69% — bearish vs sector
Activity
Unusual activity?
3.4
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 7.5% — 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 +17.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 51% — neutral vs sector
Trade Quality
≥30%Large trade volume 5% — mostly retail
Execution Urgency
≥60%Aggressive execution 32% — patient
Flow Conviction
≥30Conviction -3 (bearish) — mixed
Liquidity
Can I trade efficiently?
4.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 8.3% — wide
Adequate OI
≥10,000OI 217,562 — deep
Active Volume
≥500Volume 16,297/day — active
Reasonable Cost
≤$0.50$0.41 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 93% — much wider than sector
Order Book Depth
≥100 contractsDepth 62.5 contracts (bid:32.4 ask:30.1) — thin
Execution Quality
<1.0%Avg slippage 7.57% — poor
Timing
Is now a good time?
7.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +8.4% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 99% — seller opportunity
Event Detection
≥10pts kinkIV kink 7.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 509.45 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -3% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 35 (ITM 20% + inst 5%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.4
bullishIV expensive, mixed flow
Long Puts4.3
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put6.2
bullishIV rich premium, mixed flow
Covered Call6.1
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.