DOVDover Corporation
Options Analysis Report•CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP
Market Cap $29.5B|NYSE
● 2026-04-17$219.07
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +38.6%YTD +11.9%7D +0.9%
Options Vol
264
30D
Implied Move
±9.1%
IV Rank
22%
DOV Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.4
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 29.5% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.19x — IV premium over HV
Sector Relative≤50%
Sector percentile 19% — 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 30.9% — normal range
Spread-Adjusted Value
<80%Effective IV 56.3% (ATM 30.9% + spread 12.7% + bias) — good value
Execution Efficiency
<3.0%Total drag 22.31% (spread 12.72% + slippage 9.59%) — high friction
Vega Efficiency
≥5.0Vega efficiency 42.04 (vega 53.473 / spread 12.72%) — efficient
Sentiment
Bullish or bearish?
6.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +14%, Raw: -6%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +14% (bullish) — Raw: -6%
OI Skew Magnitude
≥15%|OI skew| 25.0% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +16.7%, OI skew +25.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 9%, 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: +96%, OTM: -69% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 51% — neutral vs sector
Activity
Unusual activity?
3.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.6x 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 +6.2% (5d) — building
Sector Relative≥60%
Sector activity percentile 35% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 62% — urgent
Flow Conviction
≥30Conviction +14 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 12.7% — wide
Adequate OI
≥10,000OI 10,448 — adequate
Active Volume
≥500Volume 264/day — thin
Reasonable Cost
≤$0.50$0.64 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 23% — tighter than sector
Order Book Depth
≥100 contractsDepth 36.2 contracts (bid:13.9 ask:22.3) — thin
Execution Quality
<1.0%Avg slippage 9.59% — poor
Timing
Is now a good time?
6.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +13.5% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 30% — buyer opportunity
Event Detection
≥10pts kinkIV kink 3.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 888.25 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 6d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +14% @ 57% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.3
bullishIV cheap, bullish flow
Long Puts5.3
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.6
bullishIV too cheap, bullish flow
Covered Call3.7
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.