LHXL3Harris Technologies, Inc.
Options Analysis Report•SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS
Market Cap $65.4B|NYSE
● 2026-04-17$350.35
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +63.6%YTD +15.1%7D -0.9%
Options Vol
926
30D
Implied Move
±9.9%
IV Rank
39%
LHX Options Overview
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 Checks7/9 checks passed
IV Rank
≤35%IV Rank 34.4% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.33x — IV premium over HV
Sector Relative≤50%
Sector percentile 28% — below sector median
Term Structure
<1.1xFront/Back 0.99x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 32.0% — normal range
Spread-Adjusted Value
<80%Effective IV 64.9% (ATM 32.0% + spread 16.4% + bias) — good value
Execution Efficiency
<3.0%Total drag 23.27% (spread 16.45% + slippage 6.82%) — high friction
Vega Efficiency
≥5.0Vega efficiency 12.39 (vega 20.385 / spread 16.45%) — efficient
Sentiment
Bullish or bearish?
5.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -35%, Raw: -23%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -35% (strong bearish) — Raw: -23%
OI Skew Magnitude
≥15%|OI skew| 41.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +35.4%, OI skew +41.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 42%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +22%, ATM: +10%, OTM: -56% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 33% — bullish vs sector
Activity
Unusual activity?
4.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 5.4% — 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 +1.5% (5d) — stable
Sector Relative≥60%
Sector activity percentile 61% — active vs sector
Trade Quality
≥30%Large trade volume 24% — mixed
Execution Urgency
≥60%Aggressive execution 19% — patient
Flow Conviction
≥30Conviction -35 (bearish) — moderate
Liquidity
Can I trade efficiently?
3.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 16.4% — wide
Adequate OI
≥10,000OI 17,172 — adequate
Active Volume
≥500Volume 926/day — adequate
Reasonable Cost
≤$0.50$0.82 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 31% — tighter than sector
Order Book Depth
≥100 contractsDepth 32.8 contracts (bid:16.4 ask:16.4) — thin
Execution Quality
<1.0%Avg slippage 6.82% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -0.7% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 34% — neutral
Event Detection
≥10pts kinkIV kink -1.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 51.21 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 13d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -35% @ 68% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 54 (ITM 20% + inst 24%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.6
bullishIV cheap, mixed flow
Long Puts5.5
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.7
bullishIV too cheap, mixed flow
Covered Call4.5
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.