GDGeneral Dynamics Corporation
Options Analysis Report•SHIP & BOAT BUILDING & REPAIRING
Market Cap $91.1B|NYSE
● 2026-04-17$336.29
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +23.1%YTD -2.1%7D +0.3%
Options Vol
945
30D
Implied Move
±8.9%
IV Rank
46%
GD Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 13.8% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.26x — IV premium over HV
Sector Relative≤50%
Sector percentile 8% — below sector median
Term Structure
<1.1xFront/Back 0.94x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 26.9% — normal range
Spread-Adjusted Value
<80%Effective IV 50.7% (ATM 26.9% + spread 11.9% + bias) — good value
Execution Efficiency
<3.0%Total drag 19.53% (spread 11.90% + slippage 7.63%) — high friction
Vega Efficiency
≥5.0Vega efficiency 72.91 (vega 86.762 / spread 11.90%) — efficient
Sentiment
Bullish or bearish?
5.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -38%, Raw: -31%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -38% (strong bearish) — Raw: -31%
OI Skew Magnitude
≥15%|OI skew| 22.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +46.5%, OI skew +22.2% — aligned
Conviction Quality
≥2/3 conditions0-DTE 33%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -26%, ATM: +11%, OTM: -50% — bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 27% — very bullish vs sector
Activity
Unusual activity?
3.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 3.1% — 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 +3.2% (5d) — building
Sector Relative≥60%
Sector activity percentile 45% — neutral vs sector
Trade Quality
≥30%Large trade volume 25% — mixed
Execution Urgency
≥60%Aggressive execution 41% — patient
Flow Conviction
≥30Conviction -38 (bearish) — moderate
Liquidity
Can I trade efficiently?
3.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 11.9% — wide
Adequate OI
≥10,000OI 30,012 — adequate
Active Volume
≥500Volume 945/day — adequate
Reasonable Cost
≤$0.50$0.60 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 12% — much tighter than sector
Order Book Depth
≥100 contractsDepth 26.5 contracts (bid:12.2 ask:14.3) — thin
Execution Quality
<1.0%Avg slippage 7.63% — poor
Timing
Is now a good time?
8.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -6.3% — contango
IV Percentile Clarity
<30 or >70IV percentile 14% — buyer opportunity
Event Detection
≥10pts kinkIV kink -3.3pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1029.21 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 12d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -38% @ 69% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 55 (ITM 20% + inst 25%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.2
bullishIV cheap, mixed flow
Long Puts6.1
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.6
bullishIV too cheap, mixed flow
Covered Call4.4
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.