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CPAYCorpay, Inc.

Options Analysis Report•SERVICES-BUSINESS SERVICES, NEC
Market Cap $26.8B|NYSE
● 2026-08-31$407.88
BULLISH
Analysis: 2026-08-28 EOD data
1Y +28.3%YTD +35.7%7D -1.5%
764
30D
±7.5%
1%

CPAY Options Overview

Mixed signals. No clear edge detected.

REWARDS

RISK ANALYSIS

6.4VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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CPAY Gamma Walls

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Value

Is IV priced right?

8.3
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 44.7% — elevated vs history

<1.05x

IV/HV 1.15x — IV premium over HV

Sector Relative≤50%

Sector percentile 7% — below sector median

<1.1x

Front/Back 0.89x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 28.4% — normal range

<80%

Effective IV 49.0% (ATM 28.4% + spread 10.3% + bias) — excellent value

<3.0%

Total drag 14.22% (spread 10.31% + slippage 3.91%) — high friction

≥5.0

Vega efficiency 73.16 (vega 75.428 / spread 10.31%) — efficient

Sentiment

Bullish or bearish?

6.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Strong signal (Conviction: +7%, Raw: +10%)
|net sentiment| ≥25%

Conviction-weighted: +7% (neutral) — Raw: +10%

≥15%

|OI skew| 76.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +13.4%, OI skew +76.0% — 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: -100%, ATM: +35%, OTM: +7% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 55% — neutral vs sector

Activity

Unusual activity?

7.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks6/8 checks passed
≥1.5x

Volume 2.5x avg — hot

≥15%

Vol/OI 15.2% — high turnover

≥2 days

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

≥5%

OI change +101.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 83% — very active vs sector

≥30%

Large trade volume 78% — heavy institutional

≥60%

Aggressive execution 68% — urgent

≥30

Conviction +7 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.9
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 10.3% — wide

≥10,000

OI 5,018 — thin

≥500

Volume 764/day — adequate

≤$0.50

$0.52 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 8% — much tighter than sector

≥100 contracts

Depth 19.7 contracts (bid:8.2 ask:11.5) — thin

<1.0%

Avg slippage 3.91% — poor

Timing

Is now a good time?

6.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -10.5% — contango

<30 or >70

IV percentile 45% — neutral

≥10pts kink

IV kink -2.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 467.92 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +7% @ 53% consistency — unclear

≥40 composite score

Score 108 (ITM 20% + inst 78%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls7.3
bullishIV cheap, mixed flow
Long Puts5.9
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.3
bullishIV too cheap, mixed flow
Covered Call3.7
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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