PCGPG&E Corporation
Options Analysis Report•ELECTRIC & OTHER SERVICES COMBINED
Market Cap $38.0B|NYSE
● 2026-04-17$17.26
BULLISH
Analysis: 2026-04-16 EOD data
1Y +2.5%YTD +6.1%7D -6.9%
Options Vol
67,456
30D
Implied Move
±10.7%
IV Rank
24%
PCG Options Overview
bullish flow with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
3.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 67.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.31x — IV premium over HV
Sector Relative≤50%
Sector percentile 83% — above sector median
Term Structure
<1.1xFront/Back 1.15x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 40.5% — normal range
Spread-Adjusted Value
<80%Effective IV 72.9% (ATM 40.5% + spread 16.2% + bias) — fair
Execution Efficiency
<3.0%Total drag 21.85% (spread 16.20% + slippage 5.65%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.21 (vega 0.347 / spread 16.20%) — spread drag
Sentiment
Bullish or bearish?
6.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +7%, Raw: +2%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +7% (neutral) — Raw: +2%
OI Skew Magnitude
≥15%|OI skew| 66.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +66.8%, OI skew +66.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 4%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +9%, ATM: -36%, OTM: +5% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 16% — very bullish vs sector
Activity
Unusual activity?
6.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks6/9 checks passed
Volume Surge
≥1.5xVolume 1.9x avg — elevated
Turnover Rate
≥15%Vol/OI 8.3% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change +107.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 94% — very active vs sector
Trade Quality
≥30%Large trade volume 82% — heavy institutional
Execution Urgency
≥60%Aggressive execution 62% — urgent
Flow Conviction
≥30Conviction +7 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 16.2% — wide
Adequate OI
≥10,000OI 807,968 — deep
Active Volume
≥500Volume 67,456/day — active
Reasonable Cost
≤$0.50$0.81 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 84% — much wider than sector
Order Book Depth
≥100 contractsDepth 707.0 contracts (bid:546.1 ask:160.9) — deep
Execution Quality
<1.0%Avg slippage 5.65% — poor
Timing
Is now a good time?
7.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +15.3% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 67% — neutral
Event Detection
≥10pts kinkIV kink 7.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 4.34 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 6d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +7% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 112 (ITM 20% + inst 82%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.4
bullishIV expensive, bullish flow
Long Puts4.1
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.2
bullishIV rich premium, bullish flow
Covered Call4.9
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.