KLACKLA Corporation Common Stock
Options Analysis Report•OPTICAL INSTRUMENTS & LENSES
Market Cap $234.8B|NASDAQ
● 2026-04-17$1791.44
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +188.6%YTD +40.6%7D +3.1%
Options Vol
1,277
30D
Implied Move
±16.0%
IV Rank
59%
KLAC Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.2
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 85.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.02x — IV ≤ HV
Sector Relative≤50%
Sector percentile 59% — 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 52.6% — normal range
Spread-Adjusted Value
<80%Effective IV 67.0% (ATM 52.6% + spread 7.2% + bias) — fair
Execution Efficiency
<3.0%Total drag 18.09% (spread 7.22% + slippage 10.87%) — high friction
Vega Efficiency
≥5.0Vega efficiency 395.22 (vega 285.351 / spread 7.22%) — efficient
Sentiment
Bullish or bearish?
4.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Moderate signal (Conviction: -15%, Raw: -14%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -15% (bearish) — Raw: -14%
OI Skew Magnitude
≥15%|OI skew| 14.9% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -7.3%, OI skew -14.9% — weak (same direction)
Conviction Quality
≥2/3 conditions0-DTE 55%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +2%, ATM: -43%, OTM: -9% — bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 81% — very bearish vs sector
Activity
Unusual activity?
3.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 3.4% — 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 +6.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 24% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 45% — patient
Flow Conviction
≥30Conviction -15 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 7.2% — wide
Adequate OI
≥10,000OI 37,263 — adequate
Active Volume
≥500Volume 1,277/day — adequate
Reasonable Cost
≤$0.50$0.36 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 60% — neutral vs sector
Order Book Depth
≥100 contractsDepth 18.5 contracts (bid:8.8 ask:9.7) — thin
Execution Quality
<1.0%Avg slippage 10.87% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +7.3% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 85% — seller opportunity
Event Detection
≥10pts kinkIV kink 3.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 227.59 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 12d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -15% @ 58% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.9
bullishIV fair, mixed flow
Long Puts5.6
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.8
bullishIV fair, mixed flow
Covered Call5.4
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.