FICOFair Isaac Corporation
Options Analysis Report•SERVICES-BUSINESS SERVICES, NEC
Market Cap $25.5B|NYSE
● 2026-04-17$1073.52
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -40.9%YTD -34.7%7D +16.4%
Options Vol
3,473
30D
Implied Move
±19.7%
IV Rank
95%
FICO Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.6
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 94.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.77x — IV ≤ HV
Sector Relative≤50%
Sector percentile 84% — above sector median
Term Structure
<1.1xFront/Back 1.12x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 63.3% — normal range
Spread-Adjusted Value
<80%Effective IV 105.0% (ATM 63.3% + spread 20.8% + bias) — expensive
Execution Efficiency
<3.0%Total drag 45.90% (spread 20.84% + slippage 25.06%) — high friction
Vega Efficiency
≥5.0Vega efficiency 139.42 (vega 290.543 / spread 20.84%) — efficient
Sentiment
Bullish or bearish?
3.9
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Moderate signal (Conviction: -23%, Raw: -9%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -23% (bearish) — Raw: -9%
OI Skew Magnitude
≥15%|OI skew| 25.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -17.3%, OI skew +25.4% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 75%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -55%, ATM: -10%, OTM: -5% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 86% — very bearish vs sector
Activity
Unusual activity?
6.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.9x avg — elevated
Turnover Rate
≥15%Vol/OI 14.9% — 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 +14.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 82% — very active vs sector
Trade Quality
≥30%Large trade volume 13% — mostly retail
Execution Urgency
≥60%Aggressive execution 21% — patient
Flow Conviction
≥30Conviction -23 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 20.8% — wide
Adequate OI
≥10,000OI 23,289 — adequate
Active Volume
≥500Volume 3,473/day — adequate
Reasonable Cost
≤$0.50$1.04 to cross — expensive
Strike Coverage
≥5 strikes2 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 84% — much wider than sector
Order Book Depth
≥100 contractsDepth 16.7 contracts (bid:6.8 ask:9.9) — thin
Execution Quality
<1.0%Avg slippage 25.06% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +12.1% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 95% — seller opportunity
Event Detection
≥10pts kinkIV kink 6.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 546.75 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 18d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -23% @ 61% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 43 (ITM 20% + inst 13%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls4.2
bullishIV expensive, bearish flow
Long Puts5.0
bearishIV expensive, bearish flow
Premium Sellers
Cash-Secured Put5.0
bullishIV rich premium, bearish flow
Covered Call5.8
bearishIV rich premium, bearish flow
For educational purposes only. Not investment advice.