AMTAmerican Tower Corporation
Options Analysis Report•REAL ESTATE INVESTMENT TRUSTS
Market Cap $85.0B|NYSE
● 2026-04-17$182.36
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -16.3%YTD +4.3%7D +1.7%
Options Vol
1,407
30D
Implied Move
±8.5%
IV Rank
62%
AMT Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 24.0% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.14x — IV premium over HV
Sector Relative≤50%
Sector percentile 48% — below sector median
Term Structure
<1.1xFront/Back 1.05x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 29.8% — normal range
Spread-Adjusted Value
<80%Effective IV 56.4% (ATM 29.8% + spread 13.3% + bias) — good value
Execution Efficiency
<3.0%Total drag 19.80% (spread 13.32% + slippage 6.48%) — high friction
Vega Efficiency
≥5.0Vega efficiency 37.45 (vega 49.884 / spread 13.32%) — efficient
Sentiment
Bullish or bearish?
6.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +19%, Raw: +13%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +19% (bullish) — Raw: +13%
OI Skew Magnitude
≥15%|OI skew| 3.8% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +30.5%, OI skew -3.8% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 43%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -57%, ATM: -66%, OTM: +52% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 40% — bullish vs sector
Activity
Unusual activity?
3.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 3.0% — 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 -1.6% (5d) — stable
Sector Relative≥60%
Sector activity percentile 61% — active vs sector
Trade Quality
≥30%Large trade volume 14% — mostly retail
Execution Urgency
≥60%Aggressive execution 52% — patient
Flow Conviction
≥30Conviction +19 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 13.3% — wide
Adequate OI
≥10,000OI 47,469 — adequate
Active Volume
≥500Volume 1,407/day — adequate
Reasonable Cost
≤$0.50$0.67 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 58% — neutral vs sector
Order Book Depth
≥100 contractsDepth 75.4 contracts (bid:42.7 ask:32.7) — thin
Execution Quality
<1.0%Avg slippage 6.48% — 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 +4.6% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 24% — buyer opportunity
Event Detection
≥10pts kinkIV kink 0.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1146.77 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 11d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +19% @ 60% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 44 (ITM 20% + inst 14%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.1
bullishIV cheap, bullish flow
Long Puts5.0
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.0
bullishIV too cheap, bullish flow
Covered Call3.9
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.