Options/TEAM

TEAMAtlassian Corporation Class A Common Stock

Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE

Market Cap $47.0B|NASDAQ

● 2026-08-28$185.62

BULLISH

Analysis: 2026-08-27 EOD data

1Y +5.0%YTD +19.9%7D +8.0%

Options Vol

19,151

30D

Implied Move

±16.7%

IV Rank

14%

TEAM Options Overview

IV is elevated with bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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TEAM Gamma Walls

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TEAM Hedge Radar

No action needed

Full Hedge Radar

Fragility reads low; protection is priced cheap. Neither axis is a forecast — this is where TEAM sits on protection cost vs. fragility today.

Protection is priced in the cheap band (2.44) — options are pricing vol 45% below what the stock has actually been realizing, and downside puts carry 1.3 IV points more than at-the-money, measured against this name's own rolling 21-trading-day realized moves (483 overlapping windows). Fragility reads resilient (3.38): it is trading 20% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

2.44/ 10cheap

Basis: cross_sectional

Fragility

3.38/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

7.0

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 83.0% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.54x — IV ≤ HV

Sector Relative≤50%

Sector percentile 58% — above sector median

Term Structure

<1.1x

Front/Back 0.88x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 62.7% — normal range

Spread-Adjusted Value

<80%

Effective IV 81.3% (ATM 62.7% + spread 9.3% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 14.65% (spread 9.31% + slippage 5.34%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 19.13 (vega 17.812 / spread 9.31%) — efficient

Sentiment

Bullish or bearish?

7.2

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +20%, Raw: +16%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +20% (bullish) — Raw: +16%

OI Skew Magnitude

≥15%

|OI skew| 17.0% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +57.6%, OI skew +17.0% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 52%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -14%, ATM: +16%, OTM: +25% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 36% — bullish vs sector

Activity

Unusual activity?

4.1

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 1.1x avg — normal

Turnover Rate

≥15%

Vol/OI 10.1% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -7.8% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 84% — very active vs sector

Trade Quality

≥30%

Large trade volume 10% — mostly retail

Execution Urgency

≥60%

Aggressive execution 21% — patient

Flow Conviction

≥30

Conviction +20 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.4

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 9.3% — wide

Adequate OI

≥10,000

OI 189,687 — deep

Active Volume

≥500

Volume 19,151/day — active

Reasonable Cost

≤$0.50

$0.47 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 75% — wider than sector

Order Book Depth

≥100 contracts

Depth 142.7 contracts (bid:73.0 ask:69.7) — adequate

Execution Quality

<1.0%

Avg slippage 5.34% — poor

Timing

Is now a good time?

7.2

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -11.6% — contango

IV Percentile Clarity

<30 or >70

IV percentile 83% — seller opportunity

Event Detection

≥10pts kink

IV kink -4.3pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 73.36 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No earnings detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +20% @ 60% consistency — unclear

Smart Money Timing

≥40 composite score

Score 40 (ITM 20% + inst 10%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls6.7

bullishIV cheap, bullish flow

Long Puts5.2

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.7

bullishIV too cheap, bullish flow

Covered Call3.8

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.