WWayfair Inc.
Options Analysis Report•RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap $8.2B|NYSE
● 2026-05-15$61.91
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +59.8%YTD -41.9%7D -6.6%
Options Vol
18,767
30D
Implied Move
±18.3%
IV Rank
29%
W Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.4
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 77.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.00x — IV ≤ HV
Sector Relative≤50%
Sector percentile 82% — above sector median
Term Structure
<1.1xFront/Back 0.98x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 67.5% — normal range
Spread-Adjusted Value
<80%Effective IV 95.3% (ATM 67.5% + spread 13.9% + bias) — expensive
Execution Efficiency
<3.0%Total drag 24.46% (spread 13.90% + slippage 10.56%) — high friction
Vega Efficiency
≥5.0Vega efficiency 2.63 (vega 3.653 / spread 13.90%) — spread drag
Sentiment
Bullish or bearish?
4.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: +1%, Raw: -2%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +1% (neutral) — Raw: -2%
OI Skew Magnitude
≥15%|OI skew| 6.1% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -52.2%, OI skew +6.1% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 61%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +2%, ATM: -26%, OTM: -1% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 91% — very bearish vs sector
Activity
Unusual activity?
6.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks5/9 checks passed
Volume Surge
≥1.5xVolume 2.2x avg — hot
Turnover Rate
≥15%Vol/OI 11.7% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change +5.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 88% — very active vs sector
Trade Quality
≥30%Large trade volume 78% — heavy institutional
Execution Urgency
≥60%Aggressive execution 36% — patient
Flow Conviction
≥30Conviction +1 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 13.9% — wide
Adequate OI
≥10,000OI 159,876 — deep
Active Volume
≥500Volume 18,767/day — active
Reasonable Cost
≤$0.50$0.70 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 90% — much wider than sector
Order Book Depth
≥100 contractsDepth 282.6 contracts (bid:144.7 ask:137.9) — adequate
Execution Quality
<1.0%Avg slippage 10.56% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -2.4% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 78% — seller opportunity
Event Detection
≥10pts kinkIV kink 1.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 24.00 — 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 +1% @ 50% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 108 (ITM 20% + inst 78%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.6
bullishIV fair, mixed flow
Long Puts5.2
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.9
bullishIV fair, mixed flow
Covered Call5.5
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.