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Options/CBZ
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CBZCBIZ, Inc.

Options Analysis Report•SERVICES-BUSINESS SERVICES, NEC
Market Cap $3.0B|NYSE
● 2026-08-31$54.51
BULLISH
Analysis: 2026-08-28 EOD data
1Y -14.9%YTD +7.3%7D -0.2%
439
30D
±1.2%
0%

CBZ Options Overview

IV is low with bullish flow and unusual activity. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

6.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

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CBZ Gamma Walls

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Value

Is IV priced right?

8.6
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 0.1% — cheap vs history

<1.05x

IV/HV 0.78x — IV ≤ HV

Sector Relative≤50%

Sector percentile 0% — below sector median

<1.1x

Front/Back 2.28x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 3.6% — normal range

<80%

Effective IV 25.2% (ATM 3.6% + spread 10.8% + bias) — excellent value

<3.0%

Total drag 15.37% (spread 10.80% + slippage 4.57%) — high friction

≥5.0

Vega efficiency 3.77 (vega 4.075 / spread 10.80%) — spread drag

Sentiment

Bullish or bearish?

6.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +4%, Raw: -4%)
|net sentiment| ≥25%

Conviction-weighted: +4% (neutral) — Raw: -4%

≥15%

|OI skew| 43.2% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +43.2% — aligned

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -3%, ATM: -50%, OTM: +0% — bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

5.0
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 2.3x avg — hot

≥15%

Vol/OI 8.0% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +4.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 91% — very active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 27% — patient

≥30

Conviction +4 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.9
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks1/8 checks passed
≤5.0%

Spread 10.8% — wide

≥10,000

OI 5,467 — thin

≥500

Volume 439/day — thin

≤$0.50

$0.54 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 38% — tighter than sector

≥100 contracts

Depth 49.3 contracts (bid:18.3 ask:31.0) — thin

<1.0%

Avg slippage 4.57% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope +127.8% — backwardation

<30 or >70

IV percentile 0% — buyer opportunity

≥10pts kink

IV kink 1.1pts — no clear event

<0.5 or >2.0

θ/ν ratio 783.65 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +4% @ 52% consistency — unclear

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls7.7
bullishIV cheap, bullish flow
Long Puts5.8
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.6
bullishIV too cheap, bullish flow
Covered Call3.4
bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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