ELFe.l.f. Beauty, Inc.
Options Analysis Report•PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS
Market Cap $3.1B|NYSE
● 2026-06-09$52.28
BULLISH
Analysis: 2026-06-08 EOD data
1Y -55.1%YTD -32.8%7D +0.6%
Options Vol
13,681
30D
Implied Move
±18.0%
IV Rank
21%
ELF Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.7
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 80.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.04x — IV ≤ HV
Sector Relative≤50%
Sector percentile 90% — above sector median
Term Structure
<1.1xFront/Back 1.10x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 64.3% — normal range
Spread-Adjusted Value
<80%Effective IV 90.1% (ATM 64.3% + spread 12.9% + bias) — expensive
Execution Efficiency
<3.0%Total drag 19.58% (spread 12.91% + slippage 6.67%) — high friction
Vega Efficiency
≥5.0Vega efficiency 2.67 (vega 3.446 / spread 12.91%) — spread drag
Sentiment
Bullish or bearish?
7.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +17%, Raw: +14%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +17% (bullish) — Raw: +14%
OI Skew Magnitude
≥15%|OI skew| 25.0% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +57.3%, OI skew +25.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -6%, ATM: +41%, OTM: +9% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 25% — very bullish vs sector
Activity
Unusual activity?
4.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 11.8% — 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 -1.0% (5d) — stable
Sector Relative≥60%
Sector activity percentile 93% — very active vs sector
Trade Quality
≥30%Large trade volume 14% — mostly retail
Execution Urgency
≥60%Aggressive execution 35% — patient
Flow Conviction
≥30Conviction +17 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 12.9% — wide
Adequate OI
≥10,000OI 115,615 — deep
Active Volume
≥500Volume 13,681/day — active
Reasonable Cost
≤$0.50$0.65 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 94% — much wider than sector
Order Book Depth
≥100 contractsDepth 137.7 contracts (bid:84.9 ask:52.8) — adequate
Execution Quality
<1.0%Avg slippage 6.67% — poor
Timing
Is now a good time?
6.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +10.4% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 80% — seller opportunity
Event Detection
≥10pts kinkIV kink 8.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 29.38 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: No earnings detected; CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +17% @ 59% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 44 (ITM 20% + inst 14%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.7
bullishIV fair, bullish flow
Long Puts4.2
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.8
bullishIV fair, bullish flow
Covered Call4.4
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.