PCARPaccar Inc
Options Analysis Report•MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap $66.4B|NASDAQ
● 2026-04-17$126.25
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +44.6%YTD +13.2%7D -0.7%
Options Vol
96
30D
Implied Move
±10.2%
IV Rank
34%
PCAR Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 28.7% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.07x — IV premium over HV
Sector Relative≤50%
Sector percentile 18% — below sector median
Term Structure
<1.1xFront/Back 1.22x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 30.8% — normal range
Spread-Adjusted Value
<80%Effective IV 79.0% (ATM 30.8% + spread 24.1% + bias) — fair
Execution Efficiency
<3.0%Total drag 31.89% (spread 24.10% + slippage 7.79%) — high friction
Vega Efficiency
≥5.0Vega efficiency 13.27 (vega 31.969 / spread 24.10%) — efficient
Sentiment
Bullish or bearish?
5.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +19%, Raw: +19%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +19% (bullish) — Raw: +19%
OI Skew Magnitude
≥15%|OI skew| 37.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -14.6%, OI skew +37.8% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 26%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -100%, ATM: +56%, OTM: +2% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 79% — very bearish vs sector
Activity
Unusual activity?
3.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.2x avg — normal
Turnover Rate
≥15%Vol/OI 0.7% — 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 +11.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 4% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 57% — patient
Flow Conviction
≥30Conviction +19 (bullish) — 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 24.1% — wide
Adequate OI
≥10,000OI 13,304 — adequate
Active Volume
≥500Volume 96/day — thin
Reasonable Cost
≤$0.50$1.21 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 21% — tighter than sector
Order Book Depth
≥100 contractsDepth 56.400000000000006 contracts (bid:19.3 ask:37.1) — thin
Execution Quality
<1.0%Avg slippage 7.79% — 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 +21.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 29% — buyer opportunity
Event Detection
≥10pts kinkIV kink 6.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 908.22 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 11d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +19% @ 60% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.0
bullishIV cheap, mixed flow
Long Puts5.7
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.4
bullishIV too cheap, mixed flow
Covered Call4.1
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.