ENVAEnova International, Inc.
Options Analysis Report•PERSONAL CREDIT INSTITUTIONS
Market Cap $4.3B|NYSE
● 2026-06-09$171.54
BULLISH
Analysis: 2026-06-08 EOD data
1Y +76.7%YTD +5.9%7D +4.9%
Options Vol
30
30D
Implied Move
±12.6%
IV Rank
14%
ENVA Options Overview
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 Checks4/9 checks passed
IV Rank
≤35%IV Rank 59.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.19x — IV premium over HV
Sector Relative≤50%
Sector percentile 74% — above sector median
Term Structure
<1.1xFront/Back 1.00x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 43.7% — normal range
Spread-Adjusted Value
<80%Effective IV 107.7% (ATM 43.7% + spread 32.0% + bias) — expensive
Execution Efficiency
<3.0%Total drag 47.14% (spread 32.00% + slippage 15.14%) — high friction
Vega Efficiency
≥5.0Vega efficiency 11.09 (vega 35.473 / spread 32.00%) — efficient
Sentiment
Bullish or bearish?
8.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +82%, Raw: +79%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +82% (strong bullish) — Raw: +79%
OI Skew Magnitude
≥15%|OI skew| 32.2% — put-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +80.0%, OI skew -32.2% — divergent (opposite)
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: +0%, ATM: +87%, OTM: +71% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 7% — very bullish vs sector
Activity
Unusual activity?
2.6
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.2x avg — normal
Turnover Rate
≥15%Vol/OI 1.3% — 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 +1.3% (5d) — stable
Sector Relative≥60%
Sector activity percentile 39% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 40% — patient
Flow Conviction
≥30Conviction +82 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
2.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks0/8 checks passed
Tradeable Spread
≤5.0%Spread 32.0% — wide
Adequate OI
≥10,000OI 2,315 — thin
Active Volume
≥500Volume 30/day — thin
Reasonable Cost
≤$0.50$1.60 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 79% — wider than sector
Order Book Depth
≥100 contractsDepth 23.6 contracts (bid:13.5 ask:10.1) — thin
Execution Quality
<1.0%Avg slippage 15.14% — poor
Timing
Is now a good time?
6.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks4/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -0.5% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 59% — neutral
Event Detection
≥10pts kinkIV kink 1.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 424.32 — 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 +82% @ 91% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.0
bullishIV fair, bullish flow
Long Puts3.6
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.8
bullishIV fair, bullish flow
Covered Call3.3
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.