DGXQuest Diagnostics Inc.
Options Analysis Report•SERVICES-MEDICAL LABORATORIES
Market Cap $21.6B|NYSE
● 2026-04-17$195.02
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +20.5%YTD +12.2%7D +1.8%
Options Vol
241
30D
Implied Move
±8.9%
IV Rank
30%
DGX Options Overview
IV is low. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 24.8% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.79x — IV premium over HV
Sector Relative≤50%
Sector percentile 14% — below sector median
Term Structure
<1.1xFront/Back 1.14x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 29.9% — normal range
Spread-Adjusted Value
<80%Effective IV 78.0% (ATM 29.9% + spread 24.1% + bias) — fair
Execution Efficiency
<3.0%Total drag 33.43% (spread 24.07% + slippage 9.36%) — high friction
Vega Efficiency
≥5.0Vega efficiency 8.82 (vega 21.240 / spread 24.07%) — efficient
Sentiment
Bullish or bearish?
3.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Weak signal (Conviction: -79%, Raw: -74%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -79% (strong bearish) — Raw: -74%
OI Skew Magnitude
≥15%|OI skew| 4.3% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +66.0%, OI skew -4.3% — 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: +0%, ATM: -16%, OTM: -92% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 14% — very bullish vs sector
Activity
Unusual activity?
3.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 1.7% — 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 +23.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 37% — below sector avg
Trade Quality
≥30%Large trade volume 53% — heavy institutional
Execution Urgency
≥60%Aggressive execution 33% — patient
Flow Conviction
≥30Conviction -79 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 24.1% — wide
Adequate OI
≥10,000OI 13,880 — adequate
Active Volume
≥500Volume 241/day — thin
Reasonable Cost
≤$0.50$1.20 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 19% — much tighter than sector
Order Book Depth
≥100 contractsDepth 44.4 contracts (bid:17.0 ask:27.4) — thin
Execution Quality
<1.0%Avg slippage 9.36% — poor
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +14.0% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 25% — buyer opportunity
Event Detection
≥10pts kinkIV kink 3.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 170.47 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 4d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -79% @ 90% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 83 (ITM 20% + inst 53%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.9
bullishIV cheap, bearish flow
Long Puts6.2
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.8
bullishIV too cheap, bearish flow
Covered Call5.1
bearishIV too cheap, bearish flow
For educational purposes only. Not investment advice.