BDXBecton, Dickinson and Co.
Options Analysis Report•SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
Market Cap $41.3B|NYSE
● 2026-06-09$149.99
BULLISH
Analysis: 2026-06-08 EOD data
1Y -13.1%YTD -23.1%7D +3.8%
Options Vol
1,649
30D
Implied Move
±9.8%
IV Rank
54%
BDX Options Overview
unusual activity. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.6
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 36.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.15x — IV premium over HV
Sector Relative≤50%
Sector percentile 31% — below sector median
Term Structure
<1.1xFront/Back 1.07x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 32.0% — normal range
Spread-Adjusted Value
<80%Effective IV 48.3% (ATM 32.0% + spread 8.2% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 15.78% (spread 8.16% + slippage 7.62%) — high friction
Vega Efficiency
≥5.0Vega efficiency 12.13 (vega 9.895 / spread 8.16%) — efficient
Sentiment
Bullish or bearish?
4.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -49%, Raw: -34%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -49% (strong bearish) — Raw: -34%
OI Skew Magnitude
≥15%|OI skew| 24.5% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +86.8%, OI skew +24.5% — aligned
Conviction Quality
≥2/3 conditions0-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: -13%, ATM: -8%, OTM: -37% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 0% — very bullish vs sector
Activity
Unusual activity?
5.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.2x avg — normal
Turnover Rate
≥15%Vol/OI 12.3% — 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 -5.9% (5d) — unwinding
Sector Relative≥60%
Sector activity percentile 97% — very active vs sector
Trade Quality
≥30%Large trade volume 42% — institutional presence
Execution Urgency
≥60%Aggressive execution 39% — patient
Flow Conviction
≥30Conviction -49 (bearish) — moderate
Liquidity
Can I trade efficiently?
4.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 8.2% — wide
Adequate OI
≥10,000OI 13,454 — adequate
Active Volume
≥500Volume 1,649/day — adequate
Reasonable Cost
≤$0.50$0.41 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 36% — tighter than sector
Order Book Depth
≥100 contractsDepth 30.9 contracts (bid:16.4 ask:14.5) — thin
Execution Quality
<1.0%Avg slippage 7.62% — poor
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +6.9% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 36% — neutral
Event Detection
≥10pts kinkIV kink 2.2pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 61.92 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -49% @ 75% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 72 (ITM 20% + inst 42%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.1
bullishIV cheap, mixed flow
Long Puts5.8
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.6
bullishIV too cheap, mixed flow
Covered Call4.7
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.