FIVEFive Below, Inc. Common Stock
Options Analysis Report•RETAIL-VARIETY STORES
Market Cap $11.0B|NASDAQ
● 2026-06-12$198.49
NEUTRAL
Analysis: 2026-06-11 EOD data
1Y +56.9%YTD +2.6%7D +6.4%
Options Vol
913
30D
Implied Move
±8.6%
IV Rank
31%
FIVE Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.9
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 63.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.76x — IV ≤ HV
Sector Relative≤50%
Sector percentile 52% — above sector median
Term Structure
<1.1xFront/Back 1.04x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 48.0% — normal range
Spread-Adjusted Value
<80%Effective IV 76.2% (ATM 48.0% + spread 14.1% + bias) — fair
Execution Efficiency
<3.0%Total drag 21.75% (spread 14.10% + slippage 7.65%) — high friction
Vega Efficiency
≥5.0Vega efficiency 42.58 (vega 60.038 / spread 14.10%) — efficient
Sentiment
Bullish or bearish?
6.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Moderate signal (Conviction: +44%, Raw: +40%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +44% (strong bullish) — Raw: +40%
OI Skew Magnitude
≥15%|OI skew| 8.9% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -14.3%, OI skew +8.9% — 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: +40%, ATM: +2%, OTM: +52% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 81% — very bearish vs sector
Activity
Unusual activity?
3.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 0.4x avg — normal
Turnover Rate
≥15%Vol/OI 3.0% — 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 -0.1% (5d) — stable
Sector Relative≥60%
Sector activity percentile 61% — active vs sector
Trade Quality
≥30%Large trade volume 32% — institutional presence
Execution Urgency
≥60%Aggressive execution 32% — patient
Flow Conviction
≥30Conviction +44 (bullish) — moderate
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 14.1% — wide
Adequate OI
≥10,000OI 30,089 — adequate
Active Volume
≥500Volume 913/day — adequate
Reasonable Cost
≤$0.50$0.70 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 74% — wider than sector
Order Book Depth
≥100 contractsDepth 36.0 contracts (bid:19.3 ask:16.7) — thin
Execution Quality
<1.0%Avg slippage 7.65% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +4.1% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 64% — neutral
Event Detection
≥10pts kinkIV kink 3.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 798.38 — favors income trades
Expiration Distribution
≥3 expirations4 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: No earnings detected; FOMC in 5d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +44% @ 72% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 62 (ITM 20% + inst 32%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.1
bullishIV cheap, bullish flow
Long Puts5.4
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.8
bullishIV too cheap, bullish flow
Covered Call4.0
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.