DXCMDexCom, Inc.
Options Analysis Report•SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
Market Cap $24.7B|NASDAQ
● 2026-04-17$63.98
BULLISH
Analysis: 2026-04-16 EOD data
1Y -3.2%YTD -3.8%7D -0.1%
Options Vol
3,044
30D
Implied Move
±17.5%
IV Rank
22%
DXCM Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 89.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.78x — IV premium over HV
Sector Relative≤50%
Sector percentile 91% — above sector median
Term Structure
<1.1xFront/Back 0.86x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 55.5% — normal range
Spread-Adjusted Value
<80%Effective IV 81.7% (ATM 55.5% + spread 13.1% + bias) — expensive
Execution Efficiency
<3.0%Total drag 19.99% (spread 13.08% + slippage 6.91%) — high friction
Vega Efficiency
≥5.0Vega efficiency 3.76 (vega 4.924 / spread 13.08%) — spread drag
Sentiment
Bullish or bearish?
7.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +29%, Raw: +32%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +29% (bullish) — Raw: +32%
OI Skew Magnitude
≥15%|OI skew| 3.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +25.0%, OI skew +3.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 8%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +54%, ATM: +45%, OTM: -6% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 41% — bullish vs sector
Activity
Unusual activity?
5.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 1.7x avg — elevated
Turnover Rate
≥15%Vol/OI 3.4% — 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 +4.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 58% — neutral vs sector
Trade Quality
≥30%Large trade volume 8% — mostly retail
Execution Urgency
≥60%Aggressive execution 46% — patient
Flow Conviction
≥30Conviction +29 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 13.1% — wide
Adequate OI
≥10,000OI 89,090 — deep
Active Volume
≥500Volume 3,044/day — adequate
Reasonable Cost
≤$0.50$0.65 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 92% — much wider than sector
Order Book Depth
≥100 contractsDepth 217.8 contracts (bid:132.9 ask:84.9) — adequate
Execution Quality
<1.0%Avg slippage 6.91% — 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 -14.4% — contango
IV Percentile Clarity
<30 or >70IV percentile 90% — seller opportunity
Event Detection
≥10pts kinkIV kink -11.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 44.52 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 13d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +29% @ 64% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 38 (ITM 20% + inst 8%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.3
bullishIV expensive, bullish flow
Long Puts3.9
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.2
bullishIV rich premium, bullish flow
Covered Call4.8
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.