CPTCamden Property Trust
Options Analysis Report•REAL ESTATE INVESTMENT TRUSTS
Market Cap $10.8B|NYSE
● 2026-04-17$103.40
BEARISH
Analysis: 2026-04-16 EOD data
1Y -6.7%YTD -6.1%7D +1.4%
Options Vol
31
30D
Implied Move
±7.1%
IV Rank
7%
CPT Options Overview
IV is low with bearish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.2
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 5.5% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.33x — IV premium over HV
Sector Relative≤50%
Sector percentile 12% — below sector median
Term Structure
<1.1xFront/Back 1.03x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 23.8% — normal range
Spread-Adjusted Value
<80%Effective IV 95.3% (ATM 23.8% + spread 35.8% + bias) — expensive
Execution Efficiency
<3.0%Total drag 56.84% (spread 35.77% + slippage 21.07%) — high friction
Vega Efficiency
≥5.0Vega efficiency 4.60 (vega 16.460 / spread 35.77%) — spread drag
Sentiment
Bullish or bearish?
2.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -30%, Raw: -29%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -30% (bearish) — Raw: -29%
OI Skew Magnitude
≥15%|OI skew| 2.8% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -35.5%, OI skew -2.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 16%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -100%, ATM: -100%, OTM: +0% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 87% — very bearish vs sector
Activity
Unusual activity?
3.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.3x avg — normal
Turnover Rate
≥15%Vol/OI 0.9% — 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 +17.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 6% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 83% — highly urgent
Flow Conviction
≥30Conviction -30 (bearish) — mixed
Liquidity
Can I trade efficiently?
2.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 35.8% — wide
Adequate OI
≥10,000OI 3,447 — thin
Active Volume
≥500Volume 31/day — thin
Reasonable Cost
≤$0.50$1.79 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 29% — tighter than sector
Order Book Depth
≥100 contractsDepth 31.400000000000002 contracts (bid:23.6 ask:7.8) — thin
Execution Quality
<1.0%Avg slippage 21.07% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +3.3% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 6% — buyer opportunity
Event Detection
≥10pts kinkIV kink 1.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 444.88 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 13d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -30% @ 65% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.0
bullishIV cheap, bearish flow
Long Puts7.3
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.5
bullishIV too cheap, bearish flow
Covered Call5.1
bearishIV too cheap, bearish flow
For educational purposes only. Not investment advice.