CSXCSX Corporation
Options Analysis Report•RAILROADS, LINE-HAUL OPERATING
Market Cap $80.6B|NASDAQ
● 2026-04-17$43.32
BULLISH
Analysis: 2026-04-16 EOD data
1Y +57.8%YTD +19.4%7D +2.6%
Options Vol
34,071
30D
Implied Move
±9.5%
IV Rank
31%
CSX Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.9
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 48.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.71x — IV premium over HV
Sector Relative≤50%
Sector percentile 49% — below sector median
Term Structure
<1.1xFront/Back 1.70x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 35.7% — normal range
Spread-Adjusted Value
<80%Effective IV 62.2% (ATM 35.7% + spread 13.2% + bias) — good value
Execution Efficiency
<3.0%Total drag 20.63% (spread 13.25% + slippage 7.38%) — high friction
Vega Efficiency
≥5.0Vega efficiency 10.24 (vega 13.565 / spread 13.25%) — efficient
Sentiment
Bullish or bearish?
7.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +41%, Raw: +33%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +41% (strong bullish) — Raw: +33%
OI Skew Magnitude
≥15%|OI skew| 3.5% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +97.5%, OI skew +3.5% — aligned
Conviction Quality
≥2/3 conditions0-DTE 42%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +34%, ATM: +83%, OTM: -87% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 0% — very bullish vs sector
Activity
Unusual activity?
6.6
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 4.4x avg — hot
Turnover Rate
≥15%Vol/OI 13.8% — 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 +0.2% (5d) — stable
Sector Relative≥60%
Sector activity percentile 93% — very active vs sector
Trade Quality
≥30%Large trade volume 91% — heavy institutional
Execution Urgency
≥60%Aggressive execution 28% — patient
Flow Conviction
≥30Conviction +41 (bullish) — moderate
Liquidity
Can I trade efficiently?
4.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 13.2% — wide
Adequate OI
≥10,000OI 247,755 — deep
Active Volume
≥500Volume 34,071/day — active
Reasonable Cost
≤$0.50$0.66 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 51% — neutral vs sector
Order Book Depth
≥100 contractsDepth 308.6 contracts (bid:172.7 ask:135.9) — adequate
Execution Quality
<1.0%Avg slippage 7.38% — poor
Timing
Is now a good time?
7.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +69.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 49% — neutral
Event Detection
≥10pts kinkIV kink 17.6pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1474.42 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 5d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +41% @ 71% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 121 (ITM 20% + inst 91%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.1
bullishIV fair, bullish flow
Long Puts4.3
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.1
bullishIV fair, bullish flow
Covered Call4.3
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.