DASHDoorDash, Inc. Class A Common Stock
Options Analysis Report•SERVICES-BUSINESS SERVICES, NEC
Market Cap $79.9B|NASDAQ
● 2026-04-17$183.89
BULLISH
Analysis: 2026-04-16 EOD data
1Y +7.0%YTD -16.3%7D +20.5%
Options Vol
18,851
30D
Implied Move
±17.2%
IV Rank
45%
DASH Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.6
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 91.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.10x — IV premium over HV
Sector Relative≤50%
Sector percentile 80% — above sector median
Term Structure
<1.1xFront/Back 0.94x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 57.3% — normal range
Spread-Adjusted Value
<80%Effective IV 80.8% (ATM 57.3% + spread 11.8% + bias) — expensive
Execution Efficiency
<3.0%Total drag 23.96% (spread 11.76% + slippage 12.20%) — high friction
Vega Efficiency
≥5.0Vega efficiency 72.92 (vega 85.749 / spread 11.76%) — efficient
Sentiment
Bullish or bearish?
5.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -34%, Raw: -21%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -34% (strong bearish) — Raw: -21%
OI Skew Magnitude
≥15%|OI skew| 29.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +56.1%, OI skew +29.2% — aligned
Conviction Quality
≥2/3 conditions0-DTE 46%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +23%, ATM: -8%, OTM: -29% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 12% — very bullish vs sector
Activity
Unusual activity?
6.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks6/9 checks passed
Volume Surge
≥1.5xVolume 1.8x avg — elevated
Turnover Rate
≥15%Vol/OI 10.7% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change +14.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 75% — active vs sector
Trade Quality
≥30%Large trade volume 44% — institutional presence
Execution Urgency
≥60%Aggressive execution 25% — patient
Flow Conviction
≥30Conviction -34 (bearish) — moderate
Liquidity
Can I trade efficiently?
3.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 11.8% — wide
Adequate OI
≥10,000OI 175,723 — deep
Active Volume
≥500Volume 18,851/day — active
Reasonable Cost
≤$0.50$0.59 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 82% — much wider than sector
Order Book Depth
≥100 contractsDepth 194.4 contracts (bid:66.7 ask:127.7) — adequate
Execution Quality
<1.0%Avg slippage 12.20% — poor
Timing
Is now a good time?
8.3
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -6.1% — contango
IV Percentile Clarity
<30 or >70IV percentile 91% — seller opportunity
Event Detection
≥10pts kinkIV kink -6.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1957.75 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 19d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -34% @ 67% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 74 (ITM 20% + inst 44%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.3
bullishIV fair, mixed flow
Long Puts5.1
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.4
bullishIV fair, mixed flow
Covered Call5.3
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.