CPBThe Campbell's Company Common Stock
Options Analysis Report•FOOD AND KINDRED PRODUCTS
Market Cap $6.3B|NASDAQ
● 2026-04-17$20.99
BULLISH
Analysis: 2026-04-16 EOD data
1Y -44.1%YTD -24.3%7D +2.7%
Options Vol
10,018
30D
Implied Move
±9.1%
IV Rank
28%
CPB Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 49.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.15x — IV premium over HV
Sector Relative≤50%
Sector percentile 79% — above sector median
Term Structure
<1.1xFront/Back 0.86x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 36.1% — normal range
Spread-Adjusted Value
<80%Effective IV 65.1% (ATM 36.1% + spread 14.5% + bias) — fair
Execution Efficiency
<3.0%Total drag 19.65% (spread 14.49% + slippage 5.16%) — high friction
Vega Efficiency
≥5.0Vega efficiency 4.37 (vega 6.328 / spread 14.49%) — spread drag
Sentiment
Bullish or bearish?
7.6
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +40%, Raw: +37%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +40% (strong bullish) — Raw: +37%
OI Skew Magnitude
≥15%|OI skew| 17.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +24.7%, OI skew +17.2% — aligned
Conviction Quality
≥2/3 conditions0-DTE 10%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +27%, ATM: +8%, OTM: +62% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 54% — neutral vs sector
Activity
Unusual activity?
4.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 4.8% — 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 +15.7% (5d) — building
Sector Relative≥60%
Sector activity percentile 57% — neutral vs sector
Trade Quality
≥30%Large trade volume 43% — institutional presence
Execution Urgency
≥60%Aggressive execution 26% — patient
Flow Conviction
≥30Conviction +40 (bullish) — moderate
Liquidity
Can I trade efficiently?
3.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 14.5% — wide
Adequate OI
≥10,000OI 208,607 — deep
Active Volume
≥500Volume 10,018/day — active
Reasonable Cost
≤$0.50$0.72 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 80% — much wider than sector
Order Book Depth
≥100 contractsDepth 724.5 contracts (bid:499.9 ask:224.6) — deep
Execution Quality
<1.0%Avg slippage 5.16% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -13.6% — contango
IV Percentile Clarity
<30 or >70IV percentile 50% — neutral
Event Detection
≥10pts kinkIV kink -1.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1171.81 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +40% @ 70% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 73 (ITM 20% + inst 43%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.2
bullishIV fair, bullish flow
Long Puts4.4
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.9
bullishIV fair, bullish flow
Covered Call4.0
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.