HLTHilton Worldwide Holdings Inc.
Options Analysis Report•HOTELS & MOTELS
Market Cap $78.0B|NYSE
● 2026-04-17$341.03
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +66.7%YTD +16.4%7D +5.4%
Options Vol
714
30D
Implied Move
±9.4%
IV Rank
41%
HLT Options Overview
Mixed signals. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.4
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 31.8% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.15x — IV premium over HV
Sector Relative≤50%
Sector percentile 22% — below sector median
Term Structure
<1.1xFront/Back 1.00x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 31.6% — normal range
Spread-Adjusted Value
<80%Effective IV 57.3% (ATM 31.6% + spread 12.8% + bias) — good value
Execution Efficiency
<3.0%Total drag 22.69% (spread 12.84% + slippage 9.85%) — high friction
Vega Efficiency
≥5.0Vega efficiency 65.77 (vega 84.446 / spread 12.84%) — efficient
Sentiment
Bullish or bearish?
5.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -29%, Raw: -11%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -29% (bearish) — Raw: -11%
OI Skew Magnitude
≥15%|OI skew| 15.0% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +21.3%, OI skew +15.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 26%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -9%, ATM: +7%, OTM: -19% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 38% — bullish vs sector
Activity
Unusual activity?
3.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 1.5% — 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 +4.2% (5d) — building
Sector Relative≥60%
Sector activity percentile 10% — quiet vs sector
Trade Quality
≥30%Large trade volume 14% — mostly retail
Execution Urgency
≥60%Aggressive execution 24% — patient
Flow Conviction
≥30Conviction -29 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 12.8% — wide
Adequate OI
≥10,000OI 49,321 — adequate
Active Volume
≥500Volume 714/day — adequate
Reasonable Cost
≤$0.50$0.64 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 24% — tighter than sector
Order Book Depth
≥100 contractsDepth 42.0 contracts (bid:16.1 ask:25.9) — thin
Execution Quality
<1.0%Avg slippage 9.85% — poor
Timing
Is now a good time?
6.9
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -0.3% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 32% — neutral
Event Detection
≥10pts kinkIV kink -0.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 888.91 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 11d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -29% @ 64% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 44 (ITM 20% + inst 14%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.0
bullishIV cheap, mixed flow
Long Puts5.8
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.4
bullishIV too cheap, mixed flow
Covered Call4.2
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.