CMECME Group Inc.
Options Analysis Report•SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
Market Cap $104.4B|NASDAQ
● 2026-04-17$287.65
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +10.5%YTD +6.7%7D -2.6%
Options Vol
1,525
30D
Implied Move
±8.4%
IV Rank
63%
CME Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.2
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 17.6% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.22x — IV premium over HV
Sector Relative≤50%
Sector percentile 28% — below sector median
Term Structure
<1.1xFront/Back 1.35x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 28.0% — normal range
Spread-Adjusted Value
<80%Effective IV 60.8% (ATM 28.0% + spread 16.4% + bias) — good value
Execution Efficiency
<3.0%Total drag 25.35% (spread 16.40% + slippage 8.95%) — high friction
Vega Efficiency
≥5.0Vega efficiency 46.75 (vega 76.662 / spread 16.40%) — efficient
Sentiment
Bullish or bearish?
5.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Moderate signal (Conviction: -12%, Raw: -13%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -12% (bearish) — Raw: -13%
OI Skew Magnitude
≥15%|OI skew| 23.9% — put-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +24.5%, OI skew -23.9% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 47%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -20%, ATM: -1%, OTM: -19% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 37% — bullish vs sector
Activity
Unusual activity?
2.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 2.7% — 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 +3.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 25% — below sector avg
Trade Quality
≥30%Large trade volume 8% — mostly retail
Execution Urgency
≥60%Aggressive execution 36% — patient
Flow Conviction
≥30Conviction -12 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 16.4% — wide
Adequate OI
≥10,000OI 56,807 — deep
Active Volume
≥500Volume 1,525/day — adequate
Reasonable Cost
≤$0.50$0.82 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 31% — tighter than sector
Order Book Depth
≥100 contractsDepth 50.9 contracts (bid:28.4 ask:22.5) — thin
Execution Quality
<1.0%Avg slippage 8.95% — poor
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +34.7% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 18% — buyer opportunity
Event Detection
≥10pts kinkIV kink 7.3pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1087.41 — favors income trades
Expiration Distribution
≥3 expirations5 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 -12% @ 56% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 38 (ITM 20% + inst 8%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.5
bullishIV cheap, mixed flow
Long Puts5.4
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.6
bullishIV too cheap, mixed flow
Covered Call4.6
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.