UANCVR Partners, LP
Options Analysis Report•AGRICULTURAL CHEMICALS
Market Cap $1.3B|NYSE
● 2026-05-15$126.60
BULLISH
Analysis: 2026-05-14 EOD data
1Y +55.8%YTD +24.7%7D +0.3%
Options Vol
489
30D
Implied Move
±8.6%
IV Rank
70%
UAN Options Overview
IV is elevated with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
3.2
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 72.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.52x — IV premium over HV
Sector Relative≤50%
Sector percentile 64% — above sector median
Term Structure
<1.1xFront/Back 0.92x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 61.2% — normal range
Spread-Adjusted Value
<80%Effective IV 100.2% (ATM 61.2% + spread 19.5% + bias) — expensive
Execution Efficiency
<3.0%Total drag 29.20% (spread 19.51% + slippage 9.69%) — high friction
Vega Efficiency
≥5.0Vega efficiency 13.16 (vega 25.666 / spread 19.51%) — efficient
Sentiment
Bullish or bearish?
6.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Strong signal (Conviction: -6%, Raw: -31%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -6% (neutral) — Raw: -31%
OI Skew Magnitude
≥15%|OI skew| 63.3% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +93.5%, OI skew +63.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 41%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -73%, ATM: -14%, OTM: -91% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 6% — very bullish vs sector
Activity
Unusual activity?
2.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.3x avg — normal
Turnover Rate
≥15%Vol/OI 6.6% — 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 -8.7% (5d) — unwinding
Sector Relative≥60%
Sector activity percentile 87% — very active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 19% — patient
Flow Conviction
≥30Conviction -6 (bearish) — mixed
Liquidity
Can I trade efficiently?
2.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks0/8 checks passed
Tradeable Spread
≤5.0%Spread 19.5% — wide
Adequate OI
≥10,000OI 7,394 — thin
Active Volume
≥500Volume 489/day — thin
Reasonable Cost
≤$0.50$0.98 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 80% — wider than sector
Order Book Depth
≥100 contractsDepth 14.1 contracts (bid:7.5 ask:6.6) — thin
Execution Quality
<1.0%Avg slippage 9.69% — poor
Timing
Is now a good time?
6.9
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -7.9% — contango
IV Percentile Clarity
<30 or >70IV percentile 73% — seller opportunity
Event Detection
≥10pts kinkIV kink -2.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 333.32 — favors income trades
Expiration Distribution
≥3 expirations3 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 -6% @ 53% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.7
bullishIV expensive, bullish flow
Long Puts3.8
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.1
bullishIV rich premium, bullish flow
Covered Call4.9
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.