Options/FFIV

FFIVF5, Inc. Common Stock

Options Analysis Report•COMPUTER COMMUNICATIONS EQUIPMENT

Market Cap $22.3B|NASDAQ

● 2026-08-31$394.24

BULLISH

Analysis: 2026-08-28 EOD data

1Y +28.5%YTD +53.6%7D +4.0%

Options Vol

710

30D

Implied Move

±9.9%

IV Rank

35%

FFIV Options Overview

IV is elevated with bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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FFIV Gamma Walls

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Value

Is IV priced right?

6.3

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 83.2% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.13x — IV premium over HV

Sector Relative≤50%

Sector percentile 41% — below sector median

Term Structure

<1.1x

Front/Back 0.83x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 40.6% — normal range

Spread-Adjusted Value

<80%

Effective IV 57.2% (ATM 40.6% + spread 8.3% + bias) — good value

Execution Efficiency

<3.0%

Total drag 21.53% (spread 8.31% + slippage 13.22%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 178.13 (vega 148.029 / spread 8.31%) — efficient

Sentiment

Bullish or bearish?

7.6

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +30%, Raw: +25%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +30% (strong bullish) — Raw: +25%

OI Skew Magnitude

≥15%

|OI skew| 14.1% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +41.7%, OI skew +14.1% — aligned

Conviction Quality

≥2/3 conditions

0-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: -40%, ATM: +55%, OTM: +25% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 24% — very bullish vs sector

Activity

Unusual activity?

4.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed

Volume Surge

≥1.5x

Volume 1.0x avg — normal

Turnover Rate

≥15%

Vol/OI 6.9% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +8.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 52% — neutral vs sector

Trade Quality

≥30%

Large trade volume 14% — mostly retail

Execution Urgency

≥60%

Aggressive execution 31% — patient

Flow Conviction

≥30

Conviction +30 (bullish) — moderate

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 8.3% — wide

Adequate OI

≥10,000

OI 10,297 — adequate

Active Volume

≥500

Volume 710/day — adequate

Reasonable Cost

≤$0.50

$0.42 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 42% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 26.200000000000003 contracts (bid:13.8 ask:12.4) — thin

Execution Quality

<1.0%

Avg slippage 13.22% — poor

Timing

Is now a good time?

7.6

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -17.0% — contango

IV Percentile Clarity

<30 or >70

IV percentile 83% — seller opportunity

Event Detection

≥10pts kink

IV kink -5.5pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1344.50 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +30% @ 65% consistency — moderate (bullish)

Smart Money Timing

≥40 composite score

Score 44 (ITM 20% + inst 14%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls6.6

bullishIV cheap, bullish flow

Long Puts4.8

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put5.7

bullishIV too cheap, bullish flow

Covered Call4.0

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on FFIV

FFIV gamma walls FFIV max pain FFIV IV rank FFIV options flow