LDOSLeidos Holdings, Inc.
Options Analysis Report•SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN
Market Cap $19.5B|NYSE
● 2026-04-17$155.17
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +12.2%YTD -15.4%7D +1.5%
Options Vol
190
30D
Implied Move
±10.8%
IV Rank
36%
LDOS Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
6.0
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 44.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.41x — IV premium over HV
Sector Relative≤50%
Sector percentile 11% — below sector median
Term Structure
<1.1xFront/Back 1.14x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 34.4% — normal range
Spread-Adjusted Value
<80%Effective IV 68.8% (ATM 34.4% + spread 17.2% + bias) — fair
Execution Efficiency
<3.0%Total drag 25.17% (spread 17.18% + slippage 7.99%) — high friction
Vega Efficiency
≥5.0Vega efficiency 10.09 (vega 17.342 / spread 17.18%) — efficient
Sentiment
Bullish or bearish?
5.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -40%, Raw: -52%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -40% (strong bearish) — Raw: -52%
OI Skew Magnitude
≥15%|OI skew| 28.5% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +56.8%, OI skew +28.5% — aligned
Conviction Quality
≥2/3 conditions0-DTE 26%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -14%, ATM: -96%, OTM: -37% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 15% — very bullish 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 0.8x 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 +0.7% (5d) — stable
Sector Relative≥60%
Sector activity percentile 20% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 24% — patient
Flow Conviction
≥30Conviction -40 (bearish) — moderate
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 17.2% — wide
Adequate OI
≥10,000OI 7,837 — thin
Active Volume
≥500Volume 190/day — thin
Reasonable Cost
≤$0.50$0.86 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 13% — much tighter than sector
Order Book Depth
≥100 contractsDepth 56.9 contracts (bid:24.4 ask:32.5) — thin
Execution Quality
<1.0%Avg slippage 7.99% — 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 +13.9% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 45% — neutral
Event Detection
≥10pts kinkIV kink 4.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 144.40 — favors income trades
Expiration Distribution
≥3 expirations3 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 -40% @ 70% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.5
bullishIV fair, mixed flow
Long Puts5.4
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.7
bullishIV fair, mixed flow
Covered Call4.7
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.