LYVLive Nation Entertainment Inc.
Options Analysis Report•SERVICES-AMUSEMENT & RECREATION SERVICES
Market Cap $36.8B|NYSE
● 2026-04-17$156.56
BEARISH
Analysis: 2026-04-16 EOD data
1Y +26.8%YTD +7.7%7D -2.5%
Options Vol
9,695
30D
Implied Move
±11.4%
IV Rank
78%
LYV Options Overview
bearish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.4
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 60.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.91x — IV ≤ HV
Sector Relative≤50%
Sector percentile 53% — above sector median
Term Structure
<1.1xFront/Back 0.92x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 39.2% — normal range
Spread-Adjusted Value
<80%Effective IV 72.3% (ATM 39.2% + spread 16.6% + bias) — fair
Execution Efficiency
<3.0%Total drag 24.94% (spread 16.56% + slippage 8.38%) — high friction
Vega Efficiency
≥5.0Vega efficiency 22.44 (vega 37.154 / spread 16.56%) — efficient
Sentiment
Bullish or bearish?
2.6
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -32%, Raw: -22%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -32% (strong bearish) — Raw: -22%
OI Skew Magnitude
≥15%|OI skew| 4.1% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -38.6%, OI skew -4.1% — aligned
Conviction Quality
≥2/3 conditions0-DTE 34%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -58%, ATM: -66%, OTM: -6% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 94% — very bearish vs sector
Activity
Unusual activity?
5.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.4x avg — normal
Turnover Rate
≥15%Vol/OI 5.6% — 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 +5.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 44% — neutral vs sector
Trade Quality
≥30%Large trade volume 53% — heavy institutional
Execution Urgency
≥60%Aggressive execution 41% — patient
Flow Conviction
≥30Conviction -32 (bearish) — moderate
Liquidity
Can I trade efficiently?
3.4
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 16.6% — wide
Adequate OI
≥10,000OI 171,824 — deep
Active Volume
≥500Volume 9,695/day — active
Reasonable Cost
≤$0.50$0.83 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 59% — neutral vs sector
Order Book Depth
≥100 contractsDepth 86.6 contracts (bid:42.4 ask:44.2) — thin
Execution Quality
<1.0%Avg slippage 8.38% — poor
Timing
Is now a good time?
7.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -7.7% — contango
IV Percentile Clarity
<30 or >70IV percentile 60% — neutral
Event Detection
≥10pts kinkIV kink -1.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 617.18 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 20d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -32% @ 66% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 83 (ITM 20% + inst 53%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.5
bullishIV fair, bearish flow
Long Puts6.1
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put4.1
bullishIV fair, bearish flow
Covered Call5.6
bearishIV fair, bearish flow
For educational purposes only. Not investment advice.