GLGlobe Life Inc.
Options Analysis Report•LIFE INSURANCE
Market Cap $11.9B|NYSE
● 2026-04-17$151.86
BULLISH
Analysis: 2026-04-16 EOD data
1Y +29.6%YTD +9.7%7D +4.1%
Options Vol
670
30D
Implied Move
±8.8%
IV Rank
7%
GL Options Overview
IV is low with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.5
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 21.7% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.56x — IV premium over HV
Sector Relative≤50%
Sector percentile 35% — below sector median
Term Structure
<1.1xFront/Back 1.09x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 29.0% — normal range
Spread-Adjusted Value
<80%Effective IV 65.2% (ATM 29.0% + spread 18.1% + bias) — fair
Execution Efficiency
<3.0%Total drag 21.78% (spread 18.12% + slippage 3.66%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.71 (vega 3.100 / spread 18.12%) — spread drag
Sentiment
Bullish or bearish?
6.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Strong signal (Conviction: -8%, Raw: -30%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -8% (neutral) — Raw: -30%
OI Skew Magnitude
≥15%|OI skew| 73.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +99.1%, OI skew +73.2% — aligned
Conviction Quality
≥2/3 conditions0-DTE 28%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -3%, ATM: -30%, OTM: -56% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 0% — very bullish vs sector
Activity
Unusual activity?
5.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 2.5x avg — hot
Turnover Rate
≥15%Vol/OI 9.9% — 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 +4.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 82% — very active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 15% — patient
Flow Conviction
≥30Conviction -8 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 18.1% — wide
Adequate OI
≥10,000OI 6,743 — thin
Active Volume
≥500Volume 670/day — adequate
Reasonable Cost
≤$0.50$0.91 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 38% — tighter than sector
Order Book Depth
≥100 contractsDepth 50.0 contracts (bid:33.5 ask:16.5) — thin
Execution Quality
<1.0%Avg slippage 3.66% — poor
Timing
Is now a good time?
6.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +9.3% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 22% — buyer opportunity
Event Detection
≥10pts kinkIV kink 3.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 6.90 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 5d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -8% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.5
bullishIV cheap, bullish flow
Long Puts5.1
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.