Options/ODFL

ODFLOld Dominion Freight Line

Options Analysis Report•TRUCKING (NO LOCAL)

Market Cap $41.2B|NASDAQ

● 2026-08-31$198.63

BULLISH

Analysis: 2026-08-28 EOD data

1Y +32.5%YTD +24.8%7D -1.4%

Options Vol

466

30D

Implied Move

±9.9%

IV Rank

ODFL Options Overview

IV is elevated with bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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ODFL Gamma Walls

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Value

Is IV priced right?

4.6

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks4/9 checks passed

IV Rank

≤35%

IV Rank 74.0% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.35x — IV premium over HV

Sector Relative≤50%

Sector percentile 85% — above sector median

Term Structure

<1.1x

Front/Back 0.94x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 36.2% — normal range

Spread-Adjusted Value

<80%

Effective IV 107.3% (ATM 36.2% + spread 35.5% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 49.65% (spread 35.54% + slippage 14.11%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 5.01 (vega 17.802 / spread 35.54%) — acceptable

Sentiment

Bullish or bearish?

8.3

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +78%, Raw: +67%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +78% (strong bullish) — Raw: +67%

OI Skew Magnitude

≥15%

|OI skew| 14.3% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +91.4%, OI skew -14.3% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -75%, ATM: -67%, OTM: +73% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 4% — very bullish vs sector

Activity

Unusual activity?

6.3

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks6/8 checks passed

Volume Surge

≥1.5x

Volume 1.6x avg — elevated

Turnover Rate

≥15%

Vol/OI 5.6% — normal turnover

Multi-Day Persistence

≥2 days

2 day(s) elevated — sustained

OI Build

≥5%

OI change +17.5% (5d) — building

Sector Relative≥60%

Sector activity percentile 76% — active vs sector

Trade Quality

≥30%

Large trade volume 75% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 28% — patient

Flow Conviction

≥30

Conviction +78 (bullish) — strong conviction

Liquidity

Can I trade efficiently?

2.7

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks0/8 checks passed

Tradeable Spread

≤5.0%

Spread 35.5% — wide

Adequate OI

≥10,000

OI 8,320 — thin

Active Volume

≥500

Volume 466/day — thin

Reasonable Cost

≤$0.50

$1.78 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 85% — much wider than sector

Order Book Depth

≥100 contracts

Depth 69.0 contracts (bid:37.1 ask:31.9) — thin

Execution Quality

<1.0%

Avg slippage 14.11% — poor

Timing

Is now a good time?

7.7

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -6.0% — contango

IV Percentile Clarity

<30 or >70

IV percentile 74% — seller opportunity

Event Detection

≥10pts kink

IV kink -1.9pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 94.59 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +78% @ 89% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

Score 105 (ITM 20% + inst 75%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls7.1

bullishIV fair, bullish flow

Long Puts3.8

bearishIV fair, bullish flow

Premium Sellers

Cash-Secured Put6.2

bullishIV fair, bullish flow

Covered Call3.9

bearishIV fair, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on ODFL

ODFL gamma walls ODFL max pain ODFL IV rank ODFL options flow