APPFAppFolio, Inc. Class A
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $5.3B|NASDAQ
● 2026-05-15$150.24
BULLISH
Analysis: 2026-05-14 EOD data
1Y -29.3%YTD -34.8%7D -9.8%
Options Vol
10
30D
Implied Move
±8.6%
IV Rank
41%
APPF Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
5.6
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 69.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.09x — IV premium over HV
Sector Relative≤50%
Sector percentile 36% — below sector median
Term Structure
<1.1xFront/Back 0.91x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 56.7% — normal range
Spread-Adjusted Value
<80%Effective IV 97.8% (ATM 56.7% + spread 20.6% + bias) — expensive
Execution Efficiency
<3.0%Total drag 24.06% (spread 20.57% + slippage 3.49%) — high friction
Vega Efficiency
≥5.0Vega efficiency 8.97 (vega 18.451 / spread 20.57%) — efficient
Sentiment
Bullish or bearish?
7.6
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +50%, Raw: +50%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +50% (strong bullish) — Raw: +50%
OI Skew Magnitude
≥15%|OI skew| 61.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +20.0%, OI skew +61.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 30%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +100%, ATM: +50%, OTM: +0% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 70% — very bearish vs sector
Activity
Unusual activity?
2.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.1x avg — normal
Turnover Rate
≥15%Vol/OI 0.3% — 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 +2.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 6% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 22% — patient
Flow Conviction
≥30Conviction +50 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
2.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks0/8 checks passed
Tradeable Spread
≤5.0%Spread 20.6% — wide
Adequate OI
≥10,000OI 3,759 — thin
Active Volume
≥500Volume 10/day — thin
Reasonable Cost
≤$0.50$1.03 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 65% — wider than sector
Order Book Depth
≥100 contractsDepth 34.8 contracts (bid:17.4 ask:17.4) — thin
Execution Quality
<1.0%Avg slippage 3.49% — poor
Timing
Is now a good time?
7.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -8.9% — contango
IV Percentile Clarity
<30 or >70IV percentile 69% — neutral
Event Detection
≥10pts kinkIV kink -1.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 136.78 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +50% @ 71% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.1
bullishIV fair, bullish flow
Long Puts4.3
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.2
bullishIV fair, bullish flow
Covered Call3.7
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.