MDTMedtronic plc
Options Analysis Report•ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
Market Cap $110.7B|NYSE
● 2026-04-17$86.19
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +5.4%YTD -10.3%7D -1.2%
Options Vol
16,107
30D
Implied Move
±6.2%
IV Rank
28%
MDT Options Overview
IV is low with bullish flow and unusual activity. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.3
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 5.1% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.36x — IV premium over HV
Sector Relative≤50%
Sector percentile 2% — below sector median
Term Structure
<1.1xFront/Back 0.91x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 23.6% — normal range
Spread-Adjusted Value
<80%Effective IV 56.1% (ATM 23.6% + spread 16.2% + bias) — good value
Execution Efficiency
<3.0%Total drag 22.92% (spread 16.23% + slippage 6.69%) — high friction
Vega Efficiency
≥5.0Vega efficiency 17.53 (vega 28.444 / spread 16.23%) — efficient
Sentiment
Bullish or bearish?
5.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -29%, Raw: -43%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -29% (bearish) — Raw: -43%
OI Skew Magnitude
≥15%|OI skew| 34.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +51.5%, OI skew +34.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 45%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +87%, ATM: -78%, OTM: -33% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 19% — very bullish vs sector
Activity
Unusual activity?
6.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 2.2x avg — hot
Turnover Rate
≥15%Vol/OI 11.5% — 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 +12.2% (5d) — building
Sector Relative≥60%
Sector activity percentile 95% — very active vs sector
Trade Quality
≥30%Large trade volume 58% — heavy institutional
Execution Urgency
≥60%Aggressive execution 44% — patient
Flow Conviction
≥30Conviction -29 (bearish) — mixed
Liquidity
Can I trade efficiently?
4.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 16.2% — wide
Adequate OI
≥10,000OI 140,540 — deep
Active Volume
≥500Volume 16,107/day — active
Reasonable Cost
≤$0.50$0.81 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 7% — much tighter than sector
Order Book Depth
≥100 contractsDepth 200.5 contracts (bid:91.3 ask:109.2) — adequate
Execution Quality
<1.0%Avg slippage 6.69% — poor
Timing
Is now a good time?
7.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -9.2% — contango
IV Percentile Clarity
<30 or >70IV percentile 5% — buyer opportunity
Event Detection
≥10pts kinkIV kink -0.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1800.23 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -29% @ 65% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 88 (ITM 20% + inst 58%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.3
bullishIV cheap, mixed flow
Long Puts5.9
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.7
bullishIV too cheap, mixed flow
Covered Call4.4
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.