JCIJohnson Controls International plc
Options Analysis Report•AIR-COND & WARM AIR HEATG EQUIP & COMM & INDL REFRIG EQUIP
Market Cap $86.2B|NYSE
● 2026-04-17$140.87
BULLISH
Analysis: 2026-04-16 EOD data
1Y +89.2%YTD +15.2%7D -1.2%
Options Vol
2,048
30D
Implied Move
±11.2%
IV Rank
63%
JCI Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.8
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 47.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.92x — IV ≤ HV
Sector Relative≤50%
Sector percentile 46% — below sector median
Term Structure
<1.1xFront/Back 1.16x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 35.3% — normal range
Spread-Adjusted Value
<80%Effective IV 58.5% (ATM 35.3% + spread 11.6% + bias) — good value
Execution Efficiency
<3.0%Total drag 14.33% (spread 11.62% + slippage 2.71%) — high friction
Vega Efficiency
≥5.0Vega efficiency 40.29 (vega 46.814 / spread 11.62%) — efficient
Sentiment
Bullish or bearish?
7.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +26%, Raw: +15%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +26% (bullish) — Raw: +15%
OI Skew Magnitude
≥15%|OI skew| 17.5% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +92.0%, OI skew +17.5% — aligned
Conviction Quality
≥2/3 conditions0-DTE 46%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -38%, ATM: +36%, OTM: +47% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 3% — very bullish vs sector
Activity
Unusual activity?
3.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 2.0% — 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 +3.2% (5d) — building
Sector Relative≥60%
Sector activity percentile 23% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 27% — patient
Flow Conviction
≥30Conviction +26 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 11.6% — wide
Adequate OI
≥10,000OI 100,327 — deep
Active Volume
≥500Volume 2,048/day — adequate
Reasonable Cost
≤$0.50$0.58 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 48% — neutral vs sector
Order Book Depth
≥100 contractsDepth 109.69999999999999 contracts (bid:40.6 ask:69.1) — adequate
Execution Quality
<1.0%Avg slippage 2.71% — 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 +16.4% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 48% — neutral
Event Detection
≥10pts kinkIV kink 5.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1389.13 — 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 +26% @ 63% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.3
bullishIV fair, bullish flow
Long Puts4.6
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.7
bullishIV fair, bullish flow
Covered Call4.0
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.