ODFLOld Dominion Freight Line
Options Analysis Report•TRUCKING (NO LOCAL)
Market Cap $45.4B|NASDAQ
● 2026-04-17$217.76
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +45.3%YTD +36.8%7D +4.5%
Options Vol
1,978
30D
Implied Move
±12.6%
IV Rank
36%
ODFL Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.7
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 78.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.59x — IV premium over HV
Sector Relative≤50%
Sector percentile 90% — above sector median
Term Structure
<1.1xFront/Back 1.06x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 46.5% — normal range
Spread-Adjusted Value
<80%Effective IV 66.0% (ATM 46.5% + spread 9.8% + bias) — fair
Execution Efficiency
<3.0%Total drag 13.91% (spread 9.75% + slippage 4.16%) — high friction
Vega Efficiency
≥5.0Vega efficiency 42.70 (vega 41.630 / spread 9.75%) — efficient
Sentiment
Bullish or bearish?
4.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: +2%, Raw: +10%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +2% (neutral) — Raw: +10%
OI Skew Magnitude
≥15%|OI skew| 1.2% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -32.3%, OI skew +1.2% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 5%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -24%, ATM: -19%, OTM: +24% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 84% — very bearish vs sector
Activity
Unusual activity?
6.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 4.8x avg — hot
Turnover Rate
≥15%Vol/OI 18.9% — high 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 +9.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 96% — very active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 47% — patient
Flow Conviction
≥30Conviction +2 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 9.8% — wide
Adequate OI
≥10,000OI 10,463 — adequate
Active Volume
≥500Volume 1,978/day — adequate
Reasonable Cost
≤$0.50$0.49 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 91% — much wider than sector
Order Book Depth
≥100 contractsDepth 69.2 contracts (bid:45.7 ask:23.5) — thin
Execution Quality
<1.0%Avg slippage 4.16% — 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 +6.1% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 79% — seller opportunity
Event Detection
≥10pts kinkIV kink 3.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 430.51 — 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 +2% @ 51% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.4
bullishIV expensive, mixed flow
Long Puts5.0
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.1
bullishIV rich premium, mixed flow
Covered Call5.8
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.