AXONAxon Enterprise, Inc. Common Stock
Options Analysis Report•ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES)
Market Cap $32.5B|NASDAQ
● 2026-04-17$402.85
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -25.7%YTD -28.5%7D +16.5%
Options Vol
2,931
30D
Implied Move
±21.9%
IV Rank
55%
AXON Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.7
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 96.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.89x — IV ≤ HV
Sector Relative≤50%
Sector percentile 99% — above sector median
Term Structure
<1.1xFront/Back 0.97x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 70.1% — normal range
Spread-Adjusted Value
<80%Effective IV 95.1% (ATM 70.1% + spread 12.5% + bias) — expensive
Execution Efficiency
<3.0%Total drag 21.14% (spread 12.49% + slippage 8.65%) — high friction
Vega Efficiency
≥5.0Vega efficiency 35.34 (vega 44.135 / spread 12.49%) — efficient
Sentiment
Bullish or bearish?
5.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: +9%, Raw: +7%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +9% (neutral) — Raw: +7%
OI Skew Magnitude
≥15%|OI skew| 3.2% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +2.1%, OI skew +3.2% — weak (same direction)
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: +16%, ATM: -22%, OTM: +13% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 63% — bearish vs sector
Activity
Unusual activity?
4.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 5.5% — 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 +11.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 63% — active vs sector
Trade Quality
≥30%Large trade volume 3% — mostly retail
Execution Urgency
≥60%Aggressive execution 28% — patient
Flow Conviction
≥30Conviction +9 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 12.5% — wide
Adequate OI
≥10,000OI 53,705 — deep
Active Volume
≥500Volume 2,931/day — adequate
Reasonable Cost
≤$0.50$0.62 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 99% — much wider than sector
Order Book Depth
≥100 contractsDepth 41.599999999999994 contracts (bid:22.7 ask:18.9) — thin
Execution Quality
<1.0%Avg slippage 8.65% — 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 -2.9% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 96% — seller opportunity
Event Detection
≥10pts kinkIV kink -8.3pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 67.96 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 19d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +9% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 33 (ITM 20% + inst 3%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.7
bullishIV expensive, mixed flow
Long Puts4.5
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.4
bullishIV rich premium, mixed flow
Covered Call5.2
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.