EWEdwards Lifesciences Corp
Options Analysis Report•ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
Market Cap $46.7B|NYSE
● 2026-04-17$80.99
BULLISH
Analysis: 2026-04-16 EOD data
1Y +17.0%YTD -5.1%7D +4.0%
Options Vol
710
30D
Implied Move
±11.3%
IV Rank
66%
EW Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
4.7
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 46.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.71x — IV premium over HV
Sector Relative≤50%
Sector percentile 45% — below sector median
Term Structure
<1.1xFront/Back 1.21x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 34.8% — normal range
Spread-Adjusted Value
<80%Effective IV 74.9% (ATM 34.8% + spread 20.1% + bias) — fair
Execution Efficiency
<3.0%Total drag 26.20% (spread 20.06% + slippage 6.14%) — high friction
Vega Efficiency
≥5.0Vega efficiency 9.23 (vega 18.507 / spread 20.06%) — efficient
Sentiment
Bullish or bearish?
8.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Moderate signal (Conviction: +71%, Raw: +66%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +71% (strong bullish) — Raw: +66%
OI Skew Magnitude
≥15%|OI skew| 11.6% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +33.0%, OI skew -11.6% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 3%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -100%, ATM: +78%, OTM: +76% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 36% — bullish vs sector
Activity
Unusual activity?
3.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 1.5% — 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 +0.6% (5d) — stable
Sector Relative≥60%
Sector activity percentile 27% — below sector avg
Trade Quality
≥30%Large trade volume 21% — mixed
Execution Urgency
≥60%Aggressive execution 37% — patient
Flow Conviction
≥30Conviction +71 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 20.1% — wide
Adequate OI
≥10,000OI 48,316 — adequate
Active Volume
≥500Volume 710/day — adequate
Reasonable Cost
≤$0.50$1.00 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 47% — neutral vs sector
Order Book Depth
≥100 contractsDepth 108.69999999999999 contracts (bid:78.3 ask:30.4) — adequate
Execution Quality
<1.0%Avg slippage 6.14% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +20.9% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 47% — neutral
Event Detection
≥10pts kinkIV kink 6.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 672.97 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 5d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +71% @ 86% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 51 (ITM 20% + inst 21%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.0
bullishIV fair, bullish flow
Long Puts3.9
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.1
bullishIV fair, bullish flow
Covered Call3.9
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.