EIXEdison International
Options Analysis Report•ELECTRIC SERVICES
Market Cap $27.2B|NYSE
● 2026-04-17$70.75
BEARISH
Analysis: 2026-04-16 EOD data
1Y +26.8%YTD +16.1%7D -6.6%
Options Vol
3,021
30D
Implied Move
±8.5%
IV Rank
17%
EIX Options Overview
IV is low with bearish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.2
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 26.1% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.11x — IV premium over HV
Sector Relative≤50%
Sector percentile 76% — above sector median
Term Structure
<1.1xFront/Back 1.01x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 30.1% — normal range
Spread-Adjusted Value
<80%Effective IV 73.8% (ATM 30.1% + spread 21.8% + bias) — fair
Execution Efficiency
<3.0%Total drag 26.20% (spread 21.84% + slippage 4.36%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.53 (vega 1.160 / spread 21.84%) — spread drag
Sentiment
Bullish or bearish?
3.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -15%, Raw: -9%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -15% (bearish) — Raw: -9%
OI Skew Magnitude
≥15%|OI skew| 14.9% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -35.3%, OI skew -14.9% — aligned
Conviction Quality
≥2/3 conditions0-DTE 33%, 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: -33%, OTM: -5% — bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 94% — very bearish vs sector
Activity
Unusual activity?
4.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 1.5x avg — normal
Turnover Rate
≥15%Vol/OI 7.9% — 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 +2.7% (5d) — building
Sector Relative≥60%
Sector activity percentile 91% — very active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 14% — patient
Flow Conviction
≥30Conviction -15 (bearish) — mixed
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 21.8% — wide
Adequate OI
≥10,000OI 38,437 — adequate
Active Volume
≥500Volume 3,021/day — adequate
Reasonable Cost
≤$0.50$1.09 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 78% — wider than sector
Order Book Depth
≥100 contractsDepth 199.3 contracts (bid:123.5 ask:75.8) — adequate
Execution Quality
<1.0%Avg slippage 4.36% — 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 +0.7% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 26% — buyer opportunity
Event Detection
≥10pts kinkIV kink 0.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 6.04 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 11d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -15% @ 58% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.6
bullishIV cheap, bearish flow
Long Puts6.6
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.7
bullishIV too cheap, bearish flow
Covered Call5.1
bearishIV too cheap, bearish flow
For educational purposes only. Not investment advice.