ELThe Estee Lauder Companies Inc. Class A
Options Analysis Report•PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS
Market Cap $27.6B|NYSE
● 2026-04-17$76.20
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +40.1%YTD -28.6%7D +4.9%
Options Vol
6,889
30D
Implied Move
±20.8%
IV Rank
67%
EL Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 95.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.04x — IV ≤ HV
Sector Relative≤50%
Sector percentile 97% — above sector median
Term Structure
<1.1xFront/Back 1.05x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 64.1% — normal range
Spread-Adjusted Value
<80%Effective IV 84.9% (ATM 64.1% + spread 10.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 16.36% (spread 10.40% + slippage 5.96%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.38 (vega 1.433 / spread 10.40%) — spread drag
Sentiment
Bullish or bearish?
4.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: +7%, Raw: +5%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +7% (neutral) — Raw: +5%
OI Skew Magnitude
≥15%|OI skew| 4.2% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -33.1%, OI skew +4.2% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 43%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +37%, ATM: -7%, OTM: -22% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 86% — very bearish vs sector
Activity
Unusual activity?
3.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 3.3% — 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 +6.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 34% — below sector avg
Trade Quality
≥30%Large trade volume 57% — heavy institutional
Execution Urgency
≥60%Aggressive execution 49% — patient
Flow Conviction
≥30Conviction +7 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 10.4% — wide
Adequate OI
≥10,000OI 208,954 — deep
Active Volume
≥500Volume 6,889/day — active
Reasonable Cost
≤$0.50$0.52 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 97% — much wider than sector
Order Book Depth
≥100 contractsDepth 205.7 contracts (bid:106.9 ask:98.8) — adequate
Execution Quality
<1.0%Avg slippage 5.96% — poor
Timing
Is now a good time?
7.3
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +5.2% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 95% — seller opportunity
Event Detection
≥10pts kinkIV kink -3.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 3.08 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 14d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +7% @ 53% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 87 (ITM 20% + inst 57%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.4
bullishIV expensive, mixed flow
Long Puts4.9
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.5
bullishIV rich premium, mixed flow
Covered Call5.9
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.