ABBVABBVIE INC.
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $368.6B|NYSE
● 2026-04-17$208.38
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +22.5%YTD -9.1%7D +0.2%
Options Vol
9,756
30D
Implied Move
±10.7%
IV Rank
70%
ABBV Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 39.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.43x — IV premium over HV
Sector Relative≤50%
Sector percentile 34% — below sector median
Term Structure
<1.1xFront/Back 0.95x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 32.9% — normal range
Spread-Adjusted Value
<80%Effective IV 48.8% (ATM 32.9% + spread 8.0% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 12.83% (spread 7.97% + slippage 4.86%) — high friction
Vega Efficiency
≥5.0Vega efficiency 73.02 (vega 58.197 / spread 7.97%) — efficient
Sentiment
Bullish or bearish?
5.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Weak signal (Conviction: +14%, Raw: +7%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +14% (bullish) — Raw: +7%
OI Skew Magnitude
≥15%|OI skew| 5.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +4.1%, OI skew -5.4% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 15%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +19%, ATM: +25%, OTM: +2% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 54% — neutral vs sector
Activity
Unusual activity?
3.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 3.8% — 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) — building
Sector Relative≥60%
Sector activity percentile 64% — active vs sector
Trade Quality
≥30%Large trade volume 18% — mixed
Execution Urgency
≥60%Aggressive execution 41% — patient
Flow Conviction
≥30Conviction +14 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 8.0% — wide
Adequate OI
≥10,000OI 256,905 — deep
Active Volume
≥500Volume 9,756/day — active
Reasonable Cost
≤$0.50$0.40 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 37% — tighter than sector
Order Book Depth
≥100 contractsDepth 190.6 contracts (bid:83.6 ask:107.0) — adequate
Execution Quality
<1.0%Avg slippage 4.86% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -4.9% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 39% — neutral
Event Detection
≥10pts kinkIV kink -3.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1056.21 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 12d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +14% @ 57% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 48 (ITM 20% + inst 18%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.6
bullishIV fair, mixed flow
Long Puts5.4
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.3
bullishIV fair, mixed flow
Covered Call5.2
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.