AUAngloGold Ashanti plc
Options Analysis Report
Market Cap $51.6B|NYSE
● 2026-05-15$102.07
BEARISH
Analysis: 2026-05-14 EOD data
1Y +152.3%YTD +19.2%7D -4.6%
Options Vol
1,015
30D
Implied Move
±8.6%
IV Rank
31%
AU Options Overview
bearish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.3
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 50.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.00x — IV ≤ HV
Sector Relative≤50%
Sector percentile 50% — below sector median
Term Structure
<1.1xFront/Back 0.97x — contango
Skew Normal
<1.25xPut/Call IV 1.00x — normal
Absolute IV
<80%ATM IV 0.0% — normal range
Spread-Adjusted Value
<80%Effective IV 33.6% (ATM 0.0% + spread 16.8% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 23.09% (spread 16.79% + slippage 6.30%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.00 (vega 0.000 / spread 16.79%) — spread drag
Sentiment
Bullish or bearish?
2.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -28%, Raw: -18%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -28% (bearish) — Raw: -18%
OI Skew Magnitude
≥15%|OI skew| 16.0% — put-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -40.5%, OI skew -16.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 10%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -17%, ATM: -24%, OTM: -17% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 94% — very bearish vs sector
Activity
Unusual activity?
3.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 1.5% — 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 +4.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 40% — neutral vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 35% — patient
Flow Conviction
≥30Conviction -28 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 16.8% — wide
Adequate OI
≥10,000OI 66,507 — deep
Active Volume
≥500Volume 1,015/day — adequate
Reasonable Cost
≤$0.50$0.84 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 0% — much tighter than sector
Order Book Depth
≥100 contractsDepth 150.2 contracts (bid:59.3 ask:90.9) — adequate
Execution Quality
<1.0%Avg slippage 6.30% — poor
Timing
Is now a good time?
6.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks4/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -2.8% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 50% — neutral
Event Detection
≥10pts kinkIV kink -1.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1.00 — favors mixed
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 -28% @ 64% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.6
bullishIV cheap, bearish flow
Long Puts6.3
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.7
bullishIV too cheap, bearish flow
Covered Call5.5
bearishIV too cheap, bearish flow
For educational purposes only. Not investment advice.