Options/MDT

MDTMedtronic plc

Options Analysis Report•ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS

Market Cap $115.2B|NYSE

● 2026-08-28$89.97

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y -2.2%YTD -6.3%7D -3.6%

Options Vol

14,520

30D

Implied Move

±9.3%

IV Rank

36%

MDT Options Overview

bearish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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MDT Gamma Walls

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MDT Hedge Radar

Sell premium

Full Hedge Radar

Fragility reads low; protection is priced rich. Neither axis is a forecast — this is where MDT sits on protection cost vs. fragility today.

Protection is priced in the rich band (6.21) — the move being priced is 1.69x this name's own median 20-trading-day move, and downside puts carry 0.1 IV points LESS than at-the-money, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads resilient (3.23): its realized-vol regime is contracting, and it is trading 1% above its hedge wall on a wall graded HIGH for reliability.

Protection cost

6.21/ 10rich

Basis: cross_sectional

Fragility

3.23/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

4.1

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks4/9 checks passed

IV Rank

≤35%

IV Rank 55.8% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.49x — IV premium over HV

Sector Relative≤50%

Sector percentile 62% — above sector median

Term Structure

<1.1x

Front/Back 1.64x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 32.5% — normal range

Spread-Adjusted Value

<80%

Effective IV 53.2% (ATM 32.5% + spread 10.4% + bias) — good value

Execution Efficiency

<3.0%

Total drag 15.74% (spread 10.36% + slippage 5.38%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 9.58 (vega 9.924 / spread 10.36%) — efficient

Sentiment

Bullish or bearish?

3.3

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -32%, Raw: -29%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -32% (strong bearish) — Raw: -29%

OI Skew Magnitude

≥15%

|OI skew| 29.1% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -32.9%, OI skew +29.1% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 4%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +21%, ATM: +11%, OTM: -41% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 85% — very bearish vs sector

Activity

Unusual activity?

4.6

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed

Volume Surge

≥1.5x

Volume 1.0x avg — normal

Turnover Rate

≥15%

Vol/OI 5.7% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -9.7% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 88% — very active vs sector

Trade Quality

≥30%

Large trade volume 46% — institutional presence

Execution Urgency

≥60%

Aggressive execution 36% — patient

Flow Conviction

≥30

Conviction -32 (bearish) — moderate

Liquidity

Can I trade efficiently?

4.3

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 10.4% — wide

Adequate OI

≥10,000

OI 253,625 — deep

Active Volume

≥500

Volume 14,520/day — active

Reasonable Cost

≤$0.50

$0.52 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 63% — wider than sector

Order Book Depth

≥100 contracts

Depth 108.6 contracts (bid:48.4 ask:60.2) — adequate

Execution Quality

<1.0%

Avg slippage 5.38% — 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 +64.2% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 56% — neutral

Event Detection

≥10pts kink

IV kink 15.7pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 175.96 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: Earnings in 4d (elevated risk)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -32% @ 66% consistency — moderate (bearish)

Smart Money Timing

≥40 composite score

Score 76 (ITM 20% + inst 46%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls4.4

bullishIV fair, bearish flow

Long Puts5.6

bearishIV fair, bearish flow

Premium Sellers

Cash-Secured Put4.9

bullishIV fair, bearish flow

Covered Call6.1

bearishIV fair, bearish flow

For educational purposes only. Not investment advice.