LLoews Corporation
Options Analysis Report•FIRE, MARINE & CASUALTY INSURANCE
Market Cap $22.9B|NYSE
● 2026-04-17$111.35
BULLISH
Analysis: 2026-04-16 EOD data
1Y +33.6%YTD +6.4%7D +1.7%
Options Vol
62
30D
Implied Move
±7.7%
IV Rank
6%
L Options Overview
IV is low with bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 2.3% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.40x — IV premium over HV
Sector Relative≤50%
Sector percentile 0% — below sector median
Term Structure
<1.1xFront/Back 1.23x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 22.4% — normal range
Spread-Adjusted Value
<80%Effective IV 82.2% (ATM 22.4% + spread 29.9% + bias) — expensive
Execution Efficiency
<3.0%Total drag 56.78% (spread 29.92% + slippage 26.86%) — high friction
Vega Efficiency
≥5.0Vega efficiency 6.05 (vega 18.114 / spread 29.92%) — acceptable
Sentiment
Bullish or bearish?
7.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Moderate signal (Conviction: +84%, Raw: +82%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +84% (strong bullish) — Raw: +82%
OI Skew Magnitude
≥15%|OI skew| 79.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -54.8%, OI skew +79.4% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 90%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +0%, ATM: +82%, OTM: +0% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 94% — very bearish vs sector
Activity
Unusual activity?
3.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.2x 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 -0.4% (5d) — stable
Sector Relative≥60%
Sector activity percentile 24% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 67% — urgent
Flow Conviction
≥30Conviction +84 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
3.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 29.9% — wide
Adequate OI
≥10,000OI 2,650 — thin
Active Volume
≥500Volume 62/day — thin
Reasonable Cost
≤$0.50$1.50 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 4% — much tighter than sector
Order Book Depth
≥100 contractsDepth 57.7 contracts (bid:48.6 ask:9.1) — thin
Execution Quality
<1.0%Avg slippage 26.86% — 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 +22.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 2% — buyer opportunity
Event Detection
≥10pts kinkIV kink 4.2pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 484.34 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 17d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +84% @ 91% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls7.4
bullishIV cheap, bullish flow
Long Puts5.1
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.1
bullishIV too cheap, bullish flow
Covered Call3.4
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.