PFGPrincipal Financial Group, Inc.
Options Analysis Report•ACCIDENT & HEALTH INSURANCE
Market Cap $20.8B|NASDAQ
● 2026-04-17$96.17
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +36.9%YTD +7.5%7D +4.8%
Options Vol
30
30D
Implied Move
±7.8%
IV Rank
20%
PFG Options Overview
IV is low with bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.5
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 27.0% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.36x — IV premium over HV
Sector Relative≤50%
Sector percentile 45% — below sector median
Term Structure
<1.1xFront/Back 0.97x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 30.4% — normal range
Spread-Adjusted Value
<80%Effective IV 118.7% (ATM 30.4% + spread 44.1% + bias) — expensive
Execution Efficiency
<3.0%Total drag 65.92% (spread 44.13% + slippage 21.79%) — high friction
Vega Efficiency
≥5.0Vega efficiency 3.53 (vega 15.574 / spread 44.13%) — spread drag
Sentiment
Bullish or bearish?
3.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Moderate signal (Conviction: -63%, Raw: -62%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -63% (strong bearish) — Raw: -62%
OI Skew Magnitude
≥15%|OI skew| 14.2% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +100.0%, OI skew -14.2% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 70%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +0%, ATM: -79%, OTM: -14% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 50% — neutral vs sector
Activity
Unusual activity?
2.6
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.4x avg — normal
Turnover Rate
≥15%Vol/OI 1.0% — 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 +1.1% (5d) — stable
Sector Relative≥60%
Sector activity percentile 9% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 18% — patient
Flow Conviction
≥30Conviction -63 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
2.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 44.1% — wide
Adequate OI
≥10,000OI 3,088 — thin
Active Volume
≥500Volume 30/day — thin
Reasonable Cost
≤$0.50$2.21 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 47% — neutral vs sector
Order Book Depth
≥100 contractsDepth 112.80000000000001 contracts (bid:62.7 ask:50.1) — adequate
Execution Quality
<1.0%Avg slippage 21.79% — poor
Timing
Is now a good time?
6.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -2.9% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 27% — buyer opportunity
Event Detection
≥10pts kinkIV kink -0.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 415.32 — favors income trades
Expiration Distribution
≥3 expirations3 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 -63% @ 81% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.5
bullishIV fair, bearish flow
Long Puts5.6
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put4.0
bullishIV fair, bearish flow
Covered Call5.2
bearishIV fair, bearish flow
For educational purposes only. Not investment advice.