NEUNewMarket Corporation
Options Analysis Report•INDUSTRIAL ORGANIC CHEMICALS
Market Cap $6.0B|NYSE
● 2026-04-17$634.39
VERY BULLISH
Analysis: 2026-04-16 EOD data
1Y +13.4%YTD -7.8%7D +0.9%
Options Vol
--
30D
Implied Move
±9.5%
IV Rank
11%
NEU Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
7.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks8/9 checks passed
IV Rank
≤35%IV Rank 33.7% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.49x — IV premium over HV
Sector Relative≤50%
Sector percentile 11% — below sector median
Term Structure
<1.1xFront/Back 1.03x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 34.3% — normal range
Spread-Adjusted Value
<80%Effective IV 36.7% (ATM 34.3% + spread 1.2% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 1.19% (spread 1.19% + slippage 0.00%) — minimal drag
Vega Efficiency
≥5.0Vega efficiency 1763.57 (vega 209.865 / spread 1.19%) — efficient
Sentiment
Bullish or bearish?
5.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBalanced - Moderate signal (P/C: 1.00)
P/C Ratio
<0.65 or >1.55P/C 1.00 — balanced (buy/sell unknown)
OI Skew Magnitude
≥15%|OI skew| 82.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +0.0%, OI skew +82.2% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Sector Relative≤40% or ≥60%
Sector P/C percentile 72% — very bearish vs sector
Activity
Unusual activity?
2.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 1.0x avg — normal
Turnover Rate
≥15%Vol/OI 0.0% — 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 +1.5% (5d) — stable
Sector Relative≥60%
Sector activity percentile 50% — neutral vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 0% — patient
Flow Conviction
≥30Conviction +0 (neutral) — mixed
Liquidity
Can I trade efficiently?
4.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 1.2% — tight
Adequate OI
≥10,000OI 1,225 — thin
Active Volume
≥500Volume 0/day — thin
Reasonable Cost
≤$0.50$0.06 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 49% — neutral vs sector
Order Book Depth
≥100 contractsDepth 0 contracts (bid:0 ask:0) — thin
Execution Quality
<1.0%Avg slippage 0.00% — excellent
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +3.1% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 34% — neutral
Event Detection
≥10pts kinkIV kink 1.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1286.73 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +0% @ 50% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 60 (ITM 20% + inst 30%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.7
bullishIV cheap, mixed flow
Long Puts5.8
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.8
bullishIV too cheap, mixed flow
Covered Call4.2
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.