TEAMAtlassian Corporation Class A Common Stock
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $24.8B|NASDAQ
● 2026-06-09$97.89
NEUTRAL
Analysis: 2026-06-08 EOD data
1Y -54.5%YTD -36.7%7D -10.3%
Options Vol
7,002
30D
Implied Move
±22.0%
IV Rank
41%
TEAM Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 87.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.91x — IV ≤ HV
Sector Relative≤50%
Sector percentile 64% — above sector median
Term Structure
<1.1xFront/Back 1.12x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 79.0% — normal range
Spread-Adjusted Value
<80%Effective IV 101.7% (ATM 79.0% + spread 11.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 17.24% (spread 11.37% + slippage 5.87%) — high friction
Vega Efficiency
≥5.0Vega efficiency 7.60 (vega 8.639 / spread 11.37%) — efficient
Sentiment
Bullish or bearish?
5.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -26%, Raw: -25%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -26% (bearish) — Raw: -25%
OI Skew Magnitude
≥15%|OI skew| 22.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +25.9%, OI skew +22.2% — 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: -23%, ATM: +5%, OTM: -29% — bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 65% — bearish vs sector
Activity
Unusual activity?
3.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 3.6% — 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 -6.3% (5d) — unwinding
Sector Relative≥60%
Sector activity percentile 57% — neutral vs sector
Trade Quality
≥30%Large trade volume 12% — mostly retail
Execution Urgency
≥60%Aggressive execution 44% — patient
Flow Conviction
≥30Conviction -26 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 11.4% — wide
Adequate OI
≥10,000OI 193,299 — deep
Active Volume
≥500Volume 7,002/day — active
Reasonable Cost
≤$0.50$0.57 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 79% — wider than sector
Order Book Depth
≥100 contractsDepth 132.0 contracts (bid:82.4 ask:49.6) — adequate
Execution Quality
<1.0%Avg slippage 5.87% — poor
Timing
Is now a good time?
7.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +11.5% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 88% — seller opportunity
Event Detection
≥10pts kinkIV kink 9.2pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 46.67 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: No earnings detected; CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -26% @ 63% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 42 (ITM 20% + inst 12%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.3
bullishIV fair, mixed flow
Long Puts5.0
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.4
bullishIV fair, mixed flow
Covered Call5.1
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.