DOCHealthpeak Properties, Inc.
Options Analysis Report•REAL ESTATE INVESTMENT TRUSTS
Market Cap $12.1B|NYSE
● 2026-04-17$17.37
VERY BULLISH
Analysis: 2026-04-16 EOD data
1Y -5.9%YTD +7.2%7D +3.8%
Options Vol
1,458
30D
Implied Move
±9.0%
IV Rank
45%
DOC Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks2/9 checks passed
IV Rank
≤35%IV Rank 35.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.32x — IV premium over HV
Sector Relative≤50%
Sector percentile 64% — above sector median
Term Structure
<1.1xFront/Back 1.14x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 32.4% — normal range
Spread-Adjusted Value
<80%Effective IV 80.6% (ATM 32.4% + spread 24.1% + bias) — expensive
Execution Efficiency
<3.0%Total drag 28.73% (spread 24.10% + slippage 4.63%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.79 (vega 1.908 / spread 24.10%) — spread drag
Sentiment
Bullish or bearish?
7.9
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +40%, Raw: +42%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +40% (strong bullish) — Raw: +42%
OI Skew Magnitude
≥15%|OI skew| 63.3% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +84.4%, OI skew +63.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 41%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +80%, ATM: -4%, OTM: -7% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 3% — very bullish vs sector
Activity
Unusual activity?
3.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 2.7% — 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 +0.0% (5d) — stable
Sector Relative≥60%
Sector activity percentile 55% — neutral vs sector
Trade Quality
≥30%Large trade volume 58% — heavy institutional
Execution Urgency
≥60%Aggressive execution 18% — patient
Flow Conviction
≥30Conviction +40 (bullish) — moderate
Liquidity
Can I trade efficiently?
3.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 24.1% — wide
Adequate OI
≥10,000OI 54,063 — deep
Active Volume
≥500Volume 1,458/day — adequate
Reasonable Cost
≤$0.50$1.21 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 71% — wider than sector
Order Book Depth
≥100 contractsDepth 317.6 contracts (bid:179.4 ask:138.2) — adequate
Execution Quality
<1.0%Avg slippage 4.63% — 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 +13.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 36% — neutral
Event Detection
≥10pts kinkIV kink 0.2pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 192.74 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 18d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +40% @ 70% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 88 (ITM 20% + inst 58%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.6
bullishIV fair, bullish flow
Long Puts3.9
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.2
bullishIV fair, bullish flow
Covered Call4.1
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.