CCICrown Castle Inc.
Options Analysis Report•REAL ESTATE INVESTMENT TRUSTS
Market Cap $38.7B|NYSE
● 2026-04-17$88.71
BULLISH
Analysis: 2026-04-16 EOD data
1Y -13.1%YTD +0.0%7D +2.8%
Options Vol
549
30D
Implied Move
±9.7%
IV Rank
50%
CCI Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.5
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 28.5% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 0.98x — IV ≤ HV
Sector Relative≤50%
Sector percentile 52% — above sector median
Term Structure
<1.1xFront/Back 1.17x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 30.8% — normal range
Spread-Adjusted Value
<80%Effective IV 77.4% (ATM 30.8% + spread 23.3% + bias) — fair
Execution Efficiency
<3.0%Total drag 30.81% (spread 23.28% + slippage 7.53%) — high friction
Vega Efficiency
≥5.0Vega efficiency 7.45 (vega 17.345 / spread 23.28%) — efficient
Sentiment
Bullish or bearish?
6.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +8%, Raw: +21%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +8% (neutral) — Raw: +21%
OI Skew Magnitude
≥15%|OI skew| 26.5% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +14.0%, OI skew +26.5% — aligned
Conviction Quality
≥2/3 conditions0-DTE 40%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -50%, ATM: +57%, OTM: +21% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 63% — bearish vs sector
Activity
Unusual activity?
2.6
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 1.8% — 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 +4.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 29% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 37% — patient
Flow Conviction
≥30Conviction +8 (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 23.3% — wide
Adequate OI
≥10,000OI 31,228 — adequate
Active Volume
≥500Volume 549/day — adequate
Reasonable Cost
≤$0.50$1.16 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 61% — wider than sector
Order Book Depth
≥100 contractsDepth 102.5 contracts (bid:46.9 ask:55.6) — adequate
Execution Quality
<1.0%Avg slippage 7.53% — poor
Timing
Is now a good time?
6.3
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +16.6% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 28% — buyer opportunity
Event Detection
≥10pts kinkIV kink 4.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 635.34 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 5d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +8% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.4
bullishIV cheap, bullish flow
Long Puts5.0
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.7
bullishIV too cheap, bullish flow
Covered Call4.0
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.