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CHKPCheck Point Software Technologies Ltd

Options Analysis Report
Market Cap $14.1B|NASDAQ
● 2026-08-31$138.32
BULLISH
Analysis: 2026-08-28 EOD data
1Y -27.3%YTD -23.6%7D +6.0%
748
30D
±9.4%
30%

CHKP Options Overview

bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

5.6VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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CHKP Gamma Walls

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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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 58.8% — elevated vs history

<1.05x

IV/HV 1.07x — IV premium over HV

Sector Relative≤50%

Sector percentile 13% — below sector median

<1.1x

Front/Back 0.87x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 37.0% — normal range

<80%

Effective IV 50.9% (ATM 37.0% + spread 7.0% + bias) — good value

<3.0%

Total drag 11.97% (spread 6.95% + slippage 5.02%) — high friction

≥5.0

Vega efficiency 69.53 (vega 48.321 / spread 6.95%) — efficient

Sentiment

Bullish or bearish?

7.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +19%, Raw: +12%)
|net sentiment| ≥25%

Conviction-weighted: +19% (bullish) — Raw: +12%

≥15%

|OI skew| 33.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +50.0%, OI skew +33.0% — 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: -44%, ATM: -25%, OTM: +29% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 37% — bullish vs sector

Activity

Unusual activity?

2.6
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.4x avg — normal

≥15%

Vol/OI 1.1% — normal turnover

≥2 days

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

≥5%

OI change +0.9% (5d) — stable

Sector Relative≥60%

Sector activity percentile 29% — below sector avg

≥30%

Large trade volume 29% — mixed

≥60%

Aggressive execution 24% — patient

≥30

Conviction +19 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.5
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 7.0% — wide

≥10,000

OI 66,887 — deep

≥500

Volume 748/day — adequate

≤$0.50

$0.35 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 48% — neutral vs sector

≥100 contracts

Depth 65.0 contracts (bid:34.3 ask:30.7) — thin

<1.0%

Avg slippage 5.02% — poor

Timing

Is now a good time?

6.6
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -13.0% — contango

<30 or >70

IV percentile 59% — neutral

≥10pts kink

IV kink -4.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 1220.21 — 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 +19% @ 60% consistency — unclear

≥40 composite score

Score 59 (ITM 20% + inst 29%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls6.7
bullishIV cheap, bullish flow
Long Puts5.2
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.2
bullishIV too cheap, bullish flow
Covered Call3.7
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.

More on CHKP

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