KHCThe Kraft Heinz Company Common Stock
Options Analysis Report•CANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES
Market Cap $26.6B|NASDAQ
● 2026-04-17$22.47
BULLISH
Analysis: 2026-04-16 EOD data
1Y -24.9%YTD -7.9%7D -2.6%
Options Vol
10,049
30D
Implied Move
±8.8%
IV Rank
40%
KHC Options Overview
IV is low with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.4
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 28.2% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.14x — IV premium over HV
Sector Relative≤50%
Sector percentile 48% — below sector median
Term Structure
<1.1xFront/Back 0.95x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 30.8% — normal range
Spread-Adjusted Value
<80%Effective IV 61.2% (ATM 30.8% + spread 15.2% + bias) — good value
Execution Efficiency
<3.0%Total drag 23.01% (spread 15.20% + slippage 7.81%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.85 (vega 2.808 / spread 15.20%) — spread drag
Sentiment
Bullish or bearish?
6.9
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +12%, Raw: +5%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +12% (bullish) — Raw: +5%
OI Skew Magnitude
≥15%|OI skew| 25.9% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +39.1%, OI skew +25.9% — aligned
Conviction Quality
≥2/3 conditions0-DTE 22%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +24%, ATM: +24%, OTM: -18% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 37% — bullish vs sector
Activity
Unusual activity?
3.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.3x avg — normal
Turnover Rate
≥15%Vol/OI 2.3% — 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 +9.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 23% — below sector avg
Trade Quality
≥30%Large trade volume 19% — mixed
Execution Urgency
≥60%Aggressive execution 51% — patient
Flow Conviction
≥30Conviction +12 (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 15.2% — wide
Adequate OI
≥10,000OI 430,135 — deep
Active Volume
≥500Volume 10,049/day — active
Reasonable Cost
≤$0.50$0.76 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 51% — neutral vs sector
Order Book Depth
≥100 contractsDepth 334.29999999999995 contracts (bid:187.2 ask:147.1) — adequate
Execution Quality
<1.0%Avg slippage 7.81% — poor
Timing
Is now a good time?
7.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -4.7% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 28% — buyer opportunity
Event Detection
≥10pts kinkIV kink -2.3pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 206.45 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 18d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +12% @ 56% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 49 (ITM 20% + inst 19%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.8
bullishIV cheap, bullish flow
Long Puts5.0
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.4
bullishIV too cheap, bullish flow
Covered Call4.0
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.