JEFJefferies Financial Group Inc.
Options Analysis Report•SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
Market Cap $10.8B|NYSE
● 2026-05-15$52.95
BULLISH
Analysis: 2026-05-14 EOD data
1Y -0.9%YTD -16.6%7D -0.1%
Options Vol
2,459
30D
Implied Move
±8.6%
IV Rank
35%
JEF Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 53.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.45x — IV premium over HV
Sector Relative≤50%
Sector percentile 66% — above sector median
Term Structure
<1.1xFront/Back 0.88x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 45.0% — normal range
Spread-Adjusted Value
<80%Effective IV 83.4% (ATM 45.0% + spread 19.2% + bias) — expensive
Execution Efficiency
<3.0%Total drag 25.48% (spread 19.18% + slippage 6.30%) — high friction
Vega Efficiency
≥5.0Vega efficiency 6.36 (vega 12.200 / spread 19.18%) — acceptable
Sentiment
Bullish or bearish?
8.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +58%, Raw: +38%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +58% (strong bullish) — Raw: +38%
OI Skew Magnitude
≥15%|OI skew| 16.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +21.6%, OI skew +16.8% — aligned
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: -9%, ATM: -94%, OTM: +87% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 29% — very bullish vs sector
Activity
Unusual activity?
3.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 2.4% — 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 +1.4% (5d) — stable
Sector Relative≥60%
Sector activity percentile 43% — neutral vs sector
Trade Quality
≥30%Large trade volume 77% — heavy institutional
Execution Urgency
≥60%Aggressive execution 38% — patient
Flow Conviction
≥30Conviction +58 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
3.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 19.2% — wide
Adequate OI
≥10,000OI 102,864 — deep
Active Volume
≥500Volume 2,459/day — adequate
Reasonable Cost
≤$0.50$0.96 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 71% — wider than sector
Order Book Depth
≥100 contractsDepth 149.9 contracts (bid:80.4 ask:69.5) — adequate
Execution Quality
<1.0%Avg slippage 6.30% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -11.6% — contango
IV Percentile Clarity
<30 or >70IV percentile 53% — neutral
Event Detection
≥10pts kinkIV kink -4.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 610.02 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +58% @ 79% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 107 (ITM 20% + inst 77%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.0
bullishIV fair, bullish flow
Long Puts3.8
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.2
bullishIV fair, bullish flow
Covered Call4.0
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.