Options/ADSK

ADSKAutodesk Inc

Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE

Market Cap $55.0B|NASDAQ

● 2026-08-31$260.66

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y -18.3%YTD -9.1%7D +2.5%

Options Vol

10,252

30D

Implied Move

±11.5%

IV Rank

14%

ADSK Options Overview

IV is elevated with unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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ADSK Gamma Walls

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ADSK Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where ADSK sits on protection cost vs. fragility today.

Protection is priced in the cheap band (3.54) — the move being priced is 1.62x this name's own median 19-trading-day move, and downside puts carry 1.1 IV points LESS than at-the-money, measured against this name's own rolling 19-trading-day realized moves (485 overlapping windows). Fragility reads neutral (4.8): it is trading 1% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

3.54/ 10cheap

Basis: cross_sectional

Fragility

4.80/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

7.1

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 81.5% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.02x — IV ≤ HV

Sector Relative≤50%

Sector percentile 36% — below sector median

Term Structure

<1.1x

Front/Back 1.07x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 39.6% — normal range

Spread-Adjusted Value

<80%

Effective IV 65.7% (ATM 39.6% + spread 13.0% + bias) — fair

Execution Efficiency

<3.0%

Total drag 23.66% (spread 13.04% + slippage 10.62%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 18.83 (vega 24.554 / spread 13.04%) — efficient

Sentiment

Bullish or bearish?

5.1

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Weak signal (Conviction: +1%, Raw: +3%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +1% (neutral) — Raw: +3%

OI Skew Magnitude

≥15%

|OI skew| 3.9% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -1.5%, OI skew +3.9% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-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: +16%, ATM: -11%, OTM: +7% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 66% — bearish vs sector

Activity

Unusual activity?

6.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed

Volume Surge

≥1.5x

Volume 2.5x avg — hot

Turnover Rate

≥15%

Vol/OI 15.3% — high turnover

Multi-Day Persistence

≥2 days

2 day(s) elevated — sustained

OI Build

≥5%

OI change +35.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 85% — very active vs sector

Trade Quality

≥30%

Large trade volume 7% — mostly retail

Execution Urgency

≥60%

Aggressive execution 20% — patient

Flow Conviction

≥30

Conviction +1 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.1

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 13.0% — wide

Adequate OI

≥10,000

OI 67,170 — deep

Active Volume

≥500

Volume 10,252/day — active

Reasonable Cost

≤$0.50

$0.65 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 37% — tighter than sector

Order Book Depth

≥100 contracts

Depth 31.299999999999997 contracts (bid:16.4 ask:14.9) — thin

Execution Quality

<1.0%

Avg slippage 10.62% — 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 +6.8% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 82% — seller opportunity

Event Detection

≥10pts kink

IV kink 4.8pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 106.76 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +1% @ 51% consistency — unclear

Smart Money Timing

≥40 composite score

Score 37 (ITM 20% + inst 7%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls5.9

bullishIV cheap, mixed flow

Long Puts5.9

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.6

bullishIV too cheap, mixed flow

Covered Call4.5

bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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