CRCrane Company
Options Analysis Report•MISCELLANEOUS FABRICATED METAL PRODUCTS
Market Cap $9.9B|NYSE
● 2026-05-15$171.88
BEARISH
Analysis: 2026-05-14 EOD data
1Y -3.4%YTD -8.3%7D -5.2%
Options Vol
12
30D
Implied Move
±8.6%
IV Rank
12%
CR Options Overview
Mixed signals. No clear edge detected.
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 Checks5/9 checks passed
IV Rank
≤35%IV Rank 47.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.28x — IV premium over HV
Sector Relative≤50%
Sector percentile 39% — below sector median
Term Structure
<1.1xFront/Back 1.09x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 42.1% — normal range
Spread-Adjusted Value
<80%Effective IV 102.8% (ATM 42.1% + spread 30.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 46.73% (spread 30.36% + slippage 16.37%) — high friction
Vega Efficiency
≥5.0Vega efficiency 16.69 (vega 50.664 / spread 30.36%) — efficient
Sentiment
Bullish or bearish?
4.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Moderate signal (Conviction: -62%, Raw: -64%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -62% (strong bearish) — Raw: -64%
OI Skew Magnitude
≥15%|OI skew| 10.0% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +0.0%, OI skew +10.0% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 8%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +0%, ATM: -100%, OTM: -50% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 64% — bearish vs sector
Activity
Unusual activity?
2.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.0x avg — normal
Turnover Rate
≥15%Vol/OI 0.1% — 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 -1.2% (5d) — stable
Sector Relative≥60%
Sector activity percentile 4% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 60% — urgent
Flow Conviction
≥30Conviction -62 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
2.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 30.4% — wide
Adequate OI
≥10,000OI 11,144 — adequate
Active Volume
≥500Volume 12/day — thin
Reasonable Cost
≤$0.50$1.52 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 63% — wider than sector
Order Book Depth
≥100 contractsDepth 27.9 contracts (bid:16.4 ask:11.5) — thin
Execution Quality
<1.0%Avg slippage 16.37% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +8.6% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 48% — neutral
Event Detection
≥10pts kinkIV kink 3.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 857.27 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -62% @ 78% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.9
bullishIV cheap, bearish flow
Long Puts5.7
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put4.0
bullishIV too cheap, bearish flow
Covered Call4.8
bearishIV too cheap, bearish flow
For educational purposes only. Not investment advice.