DINOHF Sinclair Corporation
Options Analysis Report•PIPE LINES (NO NATURAL GAS)
Market Cap $13.1B|NYSE
● 2026-06-09$72.39
BULLISH
Analysis: 2026-06-08 EOD data
1Y +97.3%YTD +54.5%7D -1.1%
Options Vol
979
30D
Implied Move
±13.6%
IV Rank
51%
DINO Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.7
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 61.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.47x — IV premium over HV
Sector Relative≤50%
Sector percentile 50% — below sector median
Term Structure
<1.1xFront/Back 1.04x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 45.3% — normal range
Spread-Adjusted Value
<80%Effective IV 67.5% (ATM 45.3% + spread 11.1% + bias) — fair
Execution Efficiency
<3.0%Total drag 14.81% (spread 11.09% + slippage 3.72%) — high friction
Vega Efficiency
≥5.0Vega efficiency 4.31 (vega 4.777 / spread 11.09%) — spread drag
Sentiment
Bullish or bearish?
7.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +25%, Raw: +22%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +25% (bullish) — Raw: +22%
OI Skew Magnitude
≥15%|OI skew| 7.7% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +30.3%, OI skew +7.7% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +64%, ATM: +70%, OTM: -2% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 58% — bearish vs sector
Activity
Unusual activity?
3.4
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 0.9% — 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 26% — mixed
Execution Urgency
≥60%Aggressive execution 64% — urgent
Flow Conviction
≥30Conviction +25 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 11.1% — wide
Adequate OI
≥10,000OI 111,227 — deep
Active Volume
≥500Volume 979/day — adequate
Reasonable Cost
≤$0.50$0.55 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 69% — wider than sector
Order Book Depth
≥100 contractsDepth 91.7 contracts (bid:52.0 ask:39.7) — thin
Execution Quality
<1.0%Avg slippage 3.72% — poor
Timing
Is now a good time?
6.9
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +3.7% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 61% — neutral
Event Detection
≥10pts kinkIV kink 2.3pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 40.56 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: No earnings detected; CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +25% @ 63% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 56 (ITM 20% + inst 26%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.7
bullishIV fair, bullish flow
Long Puts4.2
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.8
bullishIV fair, bullish flow
Covered Call4.3
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.