FISFidelity National Information Services, Inc.
Options Analysis Report•SERVICES-BUSINESS SERVICES, NEC
Market Cap $24.9B|NYSE
● 2026-04-17$48.50
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -36.5%YTD -26.1%7D +11.8%
Options Vol
1,225
30D
Implied Move
±12.6%
IV Rank
57%
FIS Options Overview
IV is elevated. 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 Checks4/9 checks passed
IV Rank
≤35%IV Rank 77.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.10x — IV premium over HV
Sector Relative≤50%
Sector percentile 45% — below sector median
Term Structure
<1.1xFront/Back 0.91x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 45.7% — normal range
Spread-Adjusted Value
<80%Effective IV 98.5% (ATM 45.7% + spread 26.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 30.39% (spread 26.38% + slippage 4.01%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.35 (vega 0.921 / spread 26.38%) — spread drag
Sentiment
Bullish or bearish?
5.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -44%, Raw: -33%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -44% (strong bearish) — Raw: -33%
OI Skew Magnitude
≥15%|OI skew| 42.9% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +61.6%, OI skew +42.9% — aligned
Conviction Quality
≥2/3 conditions0-DTE 26%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +27%, ATM: +20%, OTM: -48% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 12% — very bullish vs sector
Activity
Unusual activity?
3.4
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 3.4% — 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 +3.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 23% — below sector avg
Trade Quality
≥30%Large trade volume 12% — mostly retail
Execution Urgency
≥60%Aggressive execution 35% — patient
Flow Conviction
≥30Conviction -44 (bearish) — moderate
Liquidity
Can I trade efficiently?
3.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 26.4% — wide
Adequate OI
≥10,000OI 35,899 — adequate
Active Volume
≥500Volume 1,225/day — adequate
Reasonable Cost
≤$0.50$1.32 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 46% — neutral vs sector
Order Book Depth
≥100 contractsDepth 187.6 contracts (bid:113.0 ask:74.6) — adequate
Execution Quality
<1.0%Avg slippage 4.01% — poor
Timing
Is now a good time?
7.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -8.9% — contango
IV Percentile Clarity
<30 or >70IV percentile 77% — seller opportunity
Event Detection
≥10pts kinkIV kink -5.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 3.40 — favors income trades
Expiration Distribution
≥3 expirations5 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 -44% @ 72% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 42 (ITM 20% + inst 12%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.0
bullishIV fair, mixed flow
Long Puts5.0
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.1
bullishIV fair, mixed flow
Covered Call5.2
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.