DTEDTE Energy Company
Options Analysis Report•ELECTRIC SERVICES
Market Cap $30.6B|NYSE
● 2026-04-17$146.98
BULLISH
Analysis: 2026-04-16 EOD data
1Y +11.5%YTD +12.7%7D -1.8%
Options Vol
100
30D
Implied Move
±6.1%
IV Rank
34%
DTE Options Overview
IV is low with bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.2
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 11.5% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.48x — IV premium over HV
Sector Relative≤50%
Sector percentile 59% — above sector median
Term Structure
<1.1xFront/Back 1.06x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 26.3% — normal range
Spread-Adjusted Value
<80%Effective IV 115.0% (ATM 26.3% + spread 44.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 54.30% (spread 44.36% + slippage 9.94%) — high friction
Vega Efficiency
≥5.0Vega efficiency 5.28 (vega 23.426 / spread 44.36%) — acceptable
Sentiment
Bullish or bearish?
5.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -30%, Raw: -32%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -30% (strong bearish) — Raw: -32%
OI Skew Magnitude
≥15%|OI skew| 68.5% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +60.0%, OI skew +68.5% — aligned
Conviction Quality
≥2/3 conditions0-DTE 19%, 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: -20%, OTM: -38% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 25% — very bullish vs sector
Activity
Unusual activity?
2.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 2.0% — 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 34% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 28% — patient
Flow Conviction
≥30Conviction -30 (bearish) — moderate
Liquidity
Can I trade efficiently?
2.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks0/8 checks passed
Tradeable Spread
≤5.0%Spread 44.4% — wide
Adequate OI
≥10,000OI 4,941 — thin
Active Volume
≥500Volume 100/day — thin
Reasonable Cost
≤$0.50$2.22 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 62% — wider than sector
Order Book Depth
≥100 contractsDepth 72.80000000000001 contracts (bid:47.2 ask:25.6) — thin
Execution Quality
<1.0%Avg slippage 9.94% — poor
Timing
Is now a good time?
7.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +6.0% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 12% — buyer opportunity
Event Detection
≥10pts kinkIV kink 0.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 510.37 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 20d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -30% @ 66% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.0
bullishIV fair, mixed flow
Long Puts4.9
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.0
bullishIV fair, mixed flow
Covered Call4.7
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.