BENFranklin Resources, Inc.
Options Analysis Report•INVESTMENT ADVICE
Market Cap $14.2B|NYSE
● 2026-04-17$27.27
BULLISH
Analysis: 2026-04-16 EOD data
1Y +57.2%YTD +14.6%7D +9.5%
Options Vol
1,102
30D
Implied Move
±9.7%
IV Rank
23%
BEN Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.1
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 36.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.07x — IV premium over HV
Sector Relative≤50%
Sector percentile 57% — above sector median
Term Structure
<1.1xFront/Back 1.08x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 32.6% — normal range
Spread-Adjusted Value
<80%Effective IV 95.7% (ATM 32.6% + spread 31.6% + bias) — expensive
Execution Efficiency
<3.0%Total drag 36.68% (spread 31.56% + slippage 5.12%) — high friction
Vega Efficiency
≥5.0Vega efficiency 4.25 (vega 13.405 / spread 31.56%) — spread drag
Sentiment
Bullish or bearish?
7.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +20%, Raw: -3%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +20% (bullish) — Raw: -3%
OI Skew Magnitude
≥15%|OI skew| 34.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +87.5%, OI skew +34.4% — 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: +18%, ATM: -16%, OTM: -70% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 4% — very bullish vs sector
Activity
Unusual activity?
4.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.0x avg — normal
Turnover Rate
≥15%Vol/OI 3.3% — 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 +7.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 34% — below sector avg
Trade Quality
≥30%Large trade volume 44% — institutional presence
Execution Urgency
≥60%Aggressive execution 22% — patient
Flow Conviction
≥30Conviction +20 (bullish) — mixed
Liquidity
Can I trade efficiently?
2.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 31.6% — wide
Adequate OI
≥10,000OI 33,393 — adequate
Active Volume
≥500Volume 1,102/day — adequate
Reasonable Cost
≤$0.50$1.58 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 59% — neutral vs sector
Order Book Depth
≥100 contractsDepth 415.6 contracts (bid:232.2 ask:183.4) — adequate
Execution Quality
<1.0%Avg slippage 5.12% — poor
Timing
Is now a good time?
7.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +7.7% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 37% — neutral
Event Detection
≥10pts kinkIV kink 2.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 3527.66 — 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 +20% @ 60% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 74 (ITM 20% + inst 44%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.8
bullishIV cheap, bullish flow
Long Puts4.6
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.3
bullishIV too cheap, bullish flow
Covered Call3.8
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.