HIGThe Hartford Insurance Group, Inc.
Options Analysis Report•FIRE, MARINE & CASUALTY INSURANCE
Market Cap $38.5B|NYSE
● 2026-04-17$139.84
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +22.4%YTD +2.0%7D +1.9%
Options Vol
819
30D
Implied Move
±7.4%
IV Rank
23%
HIG Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.6
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 17.4% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.43x — IV premium over HV
Sector Relative≤50%
Sector percentile 26% — below sector median
Term Structure
<1.1xFront/Back 1.12x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 27.9% — normal range
Spread-Adjusted Value
<80%Effective IV 56.4% (ATM 27.9% + spread 14.2% + bias) — good value
Execution Efficiency
<3.0%Total drag 22.70% (spread 14.23% + slippage 8.47%) — high friction
Vega Efficiency
≥5.0Vega efficiency 16.10 (vega 22.915 / spread 14.23%) — efficient
Sentiment
Bullish or bearish?
5.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +15%, Raw: +19%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +15% (bullish) — Raw: +19%
OI Skew Magnitude
≥15%|OI skew| 21.7% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -16.5%, OI skew +21.7% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 27%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -100%, ATM: -16%, OTM: +48% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 84% — very bearish vs sector
Activity
Unusual activity?
6.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks5/9 checks passed
Volume Surge
≥1.5xVolume 1.9x avg — elevated
Turnover Rate
≥15%Vol/OI 10.9% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change +23.7% (5d) — building
Sector Relative≥60%
Sector activity percentile 84% — very active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 67% — urgent
Flow Conviction
≥30Conviction +15 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 14.2% — wide
Adequate OI
≥10,000OI 7,500 — thin
Active Volume
≥500Volume 819/day — adequate
Reasonable Cost
≤$0.50$0.71 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 29% — tighter than sector
Order Book Depth
≥100 contractsDepth 115.1 contracts (bid:62.1 ask:53.0) — adequate
Execution Quality
<1.0%Avg slippage 8.47% — poor
Timing
Is now a good time?
6.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +12.2% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 17% — buyer opportunity
Event Detection
≥10pts kinkIV kink 2.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 489.64 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 6d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +15% @ 58% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.5
bullishIV cheap, mixed flow
Long Puts5.5
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.4
bullishIV too cheap, mixed flow
Covered Call4.3
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.