MTBM&T Bank Corp.
Options Analysis Report•STATE COMMERCIAL BANKS
Market Cap $32.1B|NYSE
● 2026-04-17$218.79
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +39.6%YTD +7.2%7D -0.5%
Options Vol
230
30D
Implied Move
±7.2%
IV Rank
44%
MTB Options Overview
IV is low. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.1
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 14.2% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.26x — IV premium over HV
Sector Relative≤50%
Sector percentile 18% — below sector median
Term Structure
<1.1xFront/Back 0.92x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 27.0% — normal range
Spread-Adjusted Value
<80%Effective IV 84.9% (ATM 27.0% + spread 28.9% + bias) — expensive
Execution Efficiency
<3.0%Total drag 38.59% (spread 28.95% + slippage 9.64%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.21 (vega 3.505 / spread 28.95%) — spread drag
Sentiment
Bullish or bearish?
5.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: -5%, Raw: -18%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -5% (neutral) — Raw: -18%
OI Skew Magnitude
≥15%|OI skew| 6.8% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +10.4%, OI skew +6.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 48%, 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: -9%, OTM: -31% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 51% — neutral vs sector
Activity
Unusual activity?
2.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 1.7% — 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 +13.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 16% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 20% — patient
Flow Conviction
≥30Conviction -5 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 28.9% — wide
Adequate OI
≥10,000OI 13,832 — adequate
Active Volume
≥500Volume 230/day — thin
Reasonable Cost
≤$0.50$1.45 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 22% — tighter than sector
Order Book Depth
≥100 contractsDepth 44.900000000000006 contracts (bid:22.6 ask:22.3) — thin
Execution Quality
<1.0%Avg slippage 9.64% — 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 -8.0% — contango
IV Percentile Clarity
<30 or >70IV percentile 14% — buyer opportunity
Event Detection
≥10pts kinkIV kink -1.2pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 5.44 — favors income trades
Expiration Distribution
≥3 expirations3 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 -5% @ 53% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.9
bullishIV cheap, mixed flow
Long Puts5.6
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.5
bullishIV too cheap, mixed flow
Covered Call4.2
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.