CTASCintas Corp
Options Analysis Report•MEN'S & BOYS' FURNISHGS, WORK CLOTHG, & ALLIED GARMENTS
Market Cap $71.7B|NASDAQ
● 2026-04-17$179.17
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -10.6%YTD -3.1%7D +2.4%
Options Vol
523
30D
Implied Move
±7.4%
IV Rank
26%
CTAS Options Overview
IV is low. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
8.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks8/9 checks passed
IV Rank
≤35%IV Rank 13.4% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.02x — IV ≤ HV
Sector Relative≤50%
Sector percentile 7% — below sector median
Term Structure
<1.1xFront/Back 0.95x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 26.8% — normal range
Spread-Adjusted Value
<80%Effective IV 59.9% (ATM 26.8% + spread 16.6% + bias) — good value
Execution Efficiency
<3.0%Total drag 21.13% (spread 16.57% + slippage 4.56%) — high friction
Vega Efficiency
≥5.0Vega efficiency 35.43 (vega 58.710 / spread 16.57%) — efficient
Sentiment
Bullish or bearish?
4.6
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Moderate signal (Conviction: -31%, Raw: -25%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -31% (strong bearish) — Raw: -25%
OI Skew Magnitude
≥15%|OI skew| 34.5% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -2.5%, OI skew +34.5% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 15%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +36%, ATM: -24%, OTM: -41% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 69% — bearish vs sector
Activity
Unusual activity?
2.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.4x avg — normal
Turnover Rate
≥15%Vol/OI 2.5% — 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 +2.2% (5d) — building
Sector Relative≥60%
Sector activity percentile 33% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 27% — patient
Flow Conviction
≥30Conviction -31 (bearish) — moderate
Liquidity
Can I trade efficiently?
3.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 16.6% — wide
Adequate OI
≥10,000OI 20,750 — adequate
Active Volume
≥500Volume 523/day — adequate
Reasonable Cost
≤$0.50$0.83 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 11% — much tighter than sector
Order Book Depth
≥100 contractsDepth 52.400000000000006 contracts (bid:25.3 ask:27.1) — thin
Execution Quality
<1.0%Avg slippage 4.56% — poor
Timing
Is now a good time?
7.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -5.5% — contango
IV Percentile Clarity
<30 or >70IV percentile 13% — buyer opportunity
Event Detection
≥10pts kinkIV kink 0.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1540.95 — 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 -31% @ 66% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.2
bullishIV cheap, mixed flow
Long Puts6.5
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put3.9
bullishIV too cheap, mixed flow
Covered Call4.2
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.