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COHRCoherent Corp.

Options Analysis Report•OPTICAL INSTRUMENTS & LENSES
Market Cap $54.7B|NYSE
● 2026-08-31$279.20
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +218.0%YTD +43.7%7D +1.3%
23,450
30D
±19.3%
0%

COHR Options Overview

IV is elevated with unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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COHR Gamma Walls

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Value

Is IV priced right?

6.7
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 85.9% — elevated vs history

<1.05x

IV/HV 0.53x — IV ≤ HV

Sector Relative≤50%

Sector percentile 67% — above sector median

<1.1x

Front/Back 0.88x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 64.1% — normal range

<80%

Effective IV 90.9% (ATM 64.1% + spread 13.4% + bias) — expensive

<3.0%

Total drag 19.68% (spread 13.38% + slippage 6.30%) — high friction

≥5.0

Vega efficiency 22.65 (vega 30.302 / spread 13.38%) — efficient

Sentiment

Bullish or bearish?

4.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Weak signal (Conviction: +4%, Raw: -1%)
|net sentiment| ≥25%

Conviction-weighted: +4% (neutral) — Raw: -1%

≥15%

|OI skew| 8.3% — balanced

Same sign, |vol skew| ≥10%

Vol skew -7.3%, OI skew -8.3% — weak (same direction)

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -12%, ATM: +8%, OTM: -2% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 81% — very bearish vs sector

Activity

Unusual activity?

4.0
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.7x avg — normal

≥15%

Vol/OI 8.9% — normal turnover

≥2 days

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

≥5%

OI change +13.9% (5d) — building

Sector Relative≥60%

Sector activity percentile 84% — very active vs sector

≥30%

Large trade volume 20% — mixed

≥60%

Aggressive execution 21% — patient

≥30

Conviction +4 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.7
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 13.4% — wide

≥10,000

OI 262,543 — deep

≥500

Volume 23,450/day — active

≤$0.50

$0.67 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 80% — much wider than sector

≥100 contracts

Depth 69.80000000000001 contracts (bid:37.2 ask:32.6) — thin

<1.0%

Avg slippage 6.30% — poor

Timing

Is now a good time?

7.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope -11.6% — contango

<30 or >70

IV percentile 86% — seller opportunity

≥10pts kink

IV kink -5.8pts — no clear event

<0.5 or >2.0

θ/ν ratio 77.12 — favors income trades

≥3 expirations

5 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 50 (ITM 20% + inst 20%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls5.6
bullishIV cheap, mixed flow
Long Puts5.9
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.4
bullishIV too cheap, mixed flow
Covered Call4.7
bearishIV too cheap, mixed 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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