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HALHalliburton Company

Options Analysis Report•OIL & GAS FIELD SERVICES, NEC
Market Cap $30.1B|NYSE
● 2026-08-31$36.18
BULLISH
Analysis: 2026-08-28 EOD data
1Y +59.5%YTD +22.2%7D +4.5%
38,765
30D
±10.0%
9%

HAL Options Overview

IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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HAL Gamma Walls

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Value

Is IV priced right?

5.7
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 73.1% — elevated vs history

<1.05x

IV/HV 1.01x — IV ≤ HV

Sector Relative≤50%

Sector percentile 71% — above sector median

<1.1x

Front/Back 0.87x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 36.1% — normal range

<80%

Effective IV 80.4% (ATM 36.1% + spread 22.1% + bias) — expensive

<3.0%

Total drag 30.24% (spread 22.15% + slippage 8.09%) — high friction

≥5.0

Vega efficiency 1.79 (vega 3.963 / spread 22.15%) — spread drag

Sentiment

Bullish or bearish?

6.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +1%, Raw: +2%)
|net sentiment| ≥25%

Conviction-weighted: +1% (neutral) — Raw: +2%

≥15%

|OI skew| 10.7% — balanced

Same sign, |vol skew| ≥10%

Vol skew +50.7%, OI skew +10.7% — aligned

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +53%, ATM: -32%, OTM: +23% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 36% — bullish vs sector

Activity

Unusual activity?

6.1
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed
≥1.5x

Volume 2.5x avg — hot

≥15%

Vol/OI 7.5% — normal turnover

≥2 days

2 day(s) elevated — sustained

≥5%

OI change +5.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 91% — very active vs sector

≥30%

Large trade volume 58% — heavy institutional

≥60%

Aggressive execution 28% — patient

≥30

Conviction +1 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.8
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks3/8 checks passed
≤5.0%

Spread 22.1% — wide

≥10,000

OI 517,853 — deep

≥500

Volume 38,765/day — active

≤$0.50

$1.11 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 73% — wider than sector

≥100 contracts

Depth 423.79999999999995 contracts (bid:193.2 ask:230.6) — adequate

<1.0%

Avg slippage 8.09% — poor

Timing

Is now a good time?

7.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope -12.5% — contango

<30 or >70

IV percentile 73% — seller opportunity

≥10pts kink

IV kink -3.5pts — no clear event

<0.5 or >2.0

θ/ν ratio 176.16 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +1% @ 51% consistency — unclear

≥40 composite score

Score 88 (ITM 20% + inst 58%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls6.7
bullishIV fair, bullish flow
Long Puts4.8
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.4
bullishIV fair, bullish flow
Covered Call4.4
bearishIV fair, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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