BLKBlackrock, Inc.
Options Analysis Report•SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
Market Cap $163.5B|NYSE
● 2026-04-17$1052.14
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +23.2%YTD -3.0%7D +5.3%
Options Vol
2,872
30D
Implied Move
±8.4%
IV Rank
45%
BLK Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks8/9 checks passed
IV Rank
≤35%IV Rank 23.8% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 0.99x — IV ≤ HV
Sector Relative≤50%
Sector percentile 38% — below sector median
Term Structure
<1.1xFront/Back 1.02x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 29.8% — normal range
Spread-Adjusted Value
<80%Effective IV 55.0% (ATM 29.8% + spread 12.6% + bias) — good value
Execution Efficiency
<3.0%Total drag 26.60% (spread 12.62% + slippage 13.98%) — high friction
Vega Efficiency
≥5.0Vega efficiency 107.98 (vega 136.265 / spread 12.62%) — efficient
Sentiment
Bullish or bearish?
4.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Moderate signal (Conviction: -20%, Raw: -8%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -20% (bearish) — Raw: -8%
OI Skew Magnitude
≥15%|OI skew| 10.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -3.9%, OI skew -10.4% — weak (same direction)
Conviction Quality
≥2/3 conditions0-DTE 51%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -75%, ATM: -6%, OTM: -7% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 69% — bearish vs sector
Activity
Unusual activity?
4.3
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 6.9% — 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 +26.0% (5d) — building
Sector Relative≥60%
Sector activity percentile 66% — active vs sector
Trade Quality
≥30%Large trade volume 16% — mixed
Execution Urgency
≥60%Aggressive execution 38% — patient
Flow Conviction
≥30Conviction -20 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 12.6% — wide
Adequate OI
≥10,000OI 41,901 — adequate
Active Volume
≥500Volume 2,872/day — adequate
Reasonable Cost
≤$0.50$0.63 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 41% — neutral vs sector
Order Book Depth
≥100 contractsDepth 20.1 contracts (bid:9.8 ask:10.3) — thin
Execution Quality
<1.0%Avg slippage 13.98% — poor
Timing
Is now a good time?
6.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +1.7% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 24% — buyer opportunity
Event Detection
≥10pts kinkIV kink 0.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 266.30 — favors income trades
Expiration Distribution
≥3 expirations5 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 -20% @ 60% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 46 (ITM 20% + inst 16%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.6
bullishIV cheap, mixed flow
Long Puts6.1
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.0
bullishIV too cheap, mixed flow
Covered Call4.6
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.