MOHMolina Healthcare, Inc.
Options Analysis Report•HOSPITAL & MEDICAL SERVICE PLANS
Market Cap $7.8B|NYSE
● 2026-04-17$148.97
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -50.7%YTD -16.5%7D +2.1%
Options Vol
349
30D
Implied Move
±20.5%
IV Rank
19%
MOH Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 93.2% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.47x — IV premium over HV
Sector Relative≤50%
Sector percentile 93% — above sector median
Term Structure
<1.1xFront/Back 1.25x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 60.4% — normal range
Spread-Adjusted Value
<80%Effective IV 92.5% (ATM 60.4% + spread 16.0% + bias) — expensive
Execution Efficiency
<3.0%Total drag 23.27% (spread 16.04% + slippage 7.23%) — high friction
Vega Efficiency
≥5.0Vega efficiency 23.61 (vega 37.873 / spread 16.04%) — efficient
Sentiment
Bullish or bearish?
6.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +10%, Raw: +6%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +10% (neutral) — Raw: +6%
OI Skew Magnitude
≥15%|OI skew| 17.0% — put-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +39.8%, OI skew -17.0% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 37%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +16%, ATM: -39%, OTM: +25% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 31% — bullish vs sector
Activity
Unusual activity?
2.1
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 1.2% — 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 +1.3% (5d) — stable
Sector Relative≥60%
Sector activity percentile 20% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 40% — patient
Flow Conviction
≥30Conviction +10 (bullish) — mixed
Liquidity
Can I trade efficiently?
2.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 16.0% — wide
Adequate OI
≥10,000OI 29,971 — adequate
Active Volume
≥500Volume 349/day — thin
Reasonable Cost
≤$0.50$0.80 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 93% — much wider than sector
Order Book Depth
≥100 contractsDepth 54.3 contracts (bid:26.5 ask:27.8) — thin
Execution Quality
<1.0%Avg slippage 7.23% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +24.7% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 93% — seller opportunity
Event Detection
≥10pts kinkIV kink 13.0pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 496.36 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 5d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +10% @ 55% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.6
bullishIV expensive, mixed flow
Long Puts3.9
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.8
bullishIV rich premium, mixed flow
Covered Call5.1
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.