HSTHost Hotels & Resorts, Inc.
Options Analysis Report•REAL ESTATE INVESTMENT TRUSTS
Market Cap $14.5B|NASDAQ
● 2026-04-17$21.12
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +56.3%YTD +16.3%7D +4.9%
Options Vol
126
30D
Implied Move
±9.3%
IV Rank
28%
HST Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 57.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.39x — IV premium over HV
Sector Relative≤50%
Sector percentile 80% — above sector median
Term Structure
<1.1xFront/Back 1.07x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 38.0% — normal range
Spread-Adjusted Value
<80%Effective IV 112.8% (ATM 38.0% + spread 37.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 43.04% (spread 37.39% + slippage 5.65%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.10 (vega 4.116 / spread 37.39%) — spread drag
Sentiment
Bullish or bearish?
4.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Moderate signal (Conviction: -42%, Raw: -51%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -42% (strong bearish) — Raw: -51%
OI Skew Magnitude
≥15%|OI skew| 2.8% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +19.0%, OI skew -2.8% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 24%, 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: -46%, OTM: -47% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 53% — neutral vs sector
Activity
Unusual activity?
2.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.2x avg — normal
Turnover Rate
≥15%Vol/OI 0.7% — 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 +2.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 3% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 17% — patient
Flow Conviction
≥30Conviction -42 (bearish) — moderate
Liquidity
Can I trade efficiently?
2.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 37.4% — wide
Adequate OI
≥10,000OI 17,213 — adequate
Active Volume
≥500Volume 126/day — thin
Reasonable Cost
≤$0.50$1.87 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 84% — much wider than sector
Order Book Depth
≥100 contractsDepth 568.6 contracts (bid:329.8 ask:238.8) — deep
Execution Quality
<1.0%Avg slippage 5.65% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +6.5% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 57% — neutral
Event Detection
≥10pts kinkIV kink -1.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 571.72 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 19d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -42% @ 71% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.0
bullishIV expensive, mixed flow
Long Puts4.5
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.2
bullishIV rich premium, mixed flow
Covered Call5.7
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.