MLMMartin Marietta Materials
Options Analysis Report•MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS)
Market Cap $37.5B|NYSE
● 2026-04-17$622.02
BULLISH
Analysis: 2026-04-16 EOD data
1Y +28.2%YTD -2.0%7D -1.5%
Options Vol
34
30D
Implied Move
±9.5%
IV Rank
17%
MLM Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.0
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 33.5% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.11x — IV premium over HV
Sector Relative≤50%
Sector percentile 25% — below sector median
Term Structure
<1.1xFront/Back 1.13x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 31.9% — normal range
Spread-Adjusted Value
<80%Effective IV 122.8% (ATM 31.9% + spread 45.5% + bias) — expensive
Execution Efficiency
<3.0%Total drag 56.48% (spread 45.46% + slippage 11.02%) — high friction
Vega Efficiency
≥5.0Vega efficiency 31.16 (vega 141.644 / spread 45.46%) — efficient
Sentiment
Bullish or bearish?
7.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +20%, Raw: +8%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +20% (bullish) — Raw: +8%
OI Skew Magnitude
≥15%|OI skew| 25.3% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +41.2%, OI skew +25.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 29%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +0%, ATM: -71%, OTM: +41% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 30% — very bullish vs sector
Activity
Unusual activity?
2.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.4x avg — normal
Turnover Rate
≥15%Vol/OI 1.1% — 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 15% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 17% — patient
Flow Conviction
≥30Conviction +20 (bullish) — mixed
Liquidity
Can I trade efficiently?
2.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 45.5% — wide
Adequate OI
≥10,000OI 2,985 — thin
Active Volume
≥500Volume 34/day — thin
Reasonable Cost
≤$0.50$2.27 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 25% — tighter than sector
Order Book Depth
≥100 contractsDepth 23.1 contracts (bid:8.9 ask:14.2) — thin
Execution Quality
<1.0%Avg slippage 11.02% — poor
Timing
Is now a good time?
6.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +12.6% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 34% — neutral
Event Detection
≥10pts kinkIV kink 4.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 742.37 — 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 +20% @ 62% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls7.0
bullishIV cheap, bullish flow
Long Puts4.8
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.0
bullishIV too cheap, bullish flow
Covered Call3.4
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.