MAAMid-America Apartment Communities, Inc.
Options Analysis Report•REAL ESTATE INVESTMENT TRUSTS
Market Cap $14.9B|NYSE
● 2026-04-17$127.94
VERY BEARISH
Analysis: 2026-04-16 EOD data
1Y -17.4%YTD -8.0%7D +1.2%
Options Vol
277
30D
Implied Move
±7.0%
IV Rank
20%
MAA Options Overview
IV is low with bearish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
5.3
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 18.9% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.76x — IV premium over HV
Sector Relative≤50%
Sector percentile 40% — below sector median
Term Structure
<1.1xFront/Back 1.07x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 28.3% — normal range
Spread-Adjusted Value
<80%Effective IV 100.0% (ATM 28.3% + spread 35.9% + bias) — expensive
Execution Efficiency
<3.0%Total drag 46.87% (spread 35.85% + slippage 11.02%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.61 (vega 2.177 / spread 35.85%) — spread drag
Sentiment
Bullish or bearish?
1.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -60%, Raw: -52%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -60% (strong bearish) — Raw: -52%
OI Skew Magnitude
≥15%|OI skew| 20.0% — put-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -89.2%, OI skew -20.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 12%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +25%, ATM: -68%, OTM: -52% — bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 97% — very bearish vs sector
Activity
Unusual activity?
4.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.6x avg — elevated
Turnover Rate
≥15%Vol/OI 4.8% — 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 +0.2% (5d) — stable
Sector Relative≥60%
Sector activity percentile 84% — very active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 36% — patient
Flow Conviction
≥30Conviction -60 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
2.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks0/8 checks passed
Tradeable Spread
≤5.0%Spread 35.9% — wide
Adequate OI
≥10,000OI 5,737 — thin
Active Volume
≥500Volume 277/day — thin
Reasonable Cost
≤$0.50$1.79 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 52% — neutral vs sector
Order Book Depth
≥100 contractsDepth 41.2 contracts (bid:28.0 ask:13.2) — thin
Execution Quality
<1.0%Avg slippage 11.02% — 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 +7.0% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 19% — buyer opportunity
Event Detection
≥10pts kinkIV kink 2.2pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 4.03 — 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 -60% @ 80% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls3.9
bullishIV fair, bearish flow
Long Puts7.2
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put3.6
bullishIV fair, bearish flow
Covered Call6.1
bearishIV fair, bearish flow
For educational purposes only. Not investment advice.