Options/PH

PHParker-Hannifin Corporation

Options Analysis Report•MISCELLANEOUS FABRICATED METAL PRODUCTS

Market Cap $125.4B|NYSE

● 2026-08-31$995.02

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y +32.7%YTD +11.3%7D -1.9%

Options Vol

428

30D

Implied Move

±7.2%

IV Rank

11%

PH Options Overview

Mixed signals. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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PH Gamma Walls

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PH Hedge Radar

No action needed

Full Hedge Radar

Fragility reads low; protection is priced cheap. Neither axis is a forecast — this is where PH sits on protection cost vs. fragility today.

Protection is priced in the cheap band (1.3) — near-dated vol is priced 12% below far-dated, and downside puts carry 0.4 IV points more than at-the-money, measured against this name's own rolling 22-trading-day realized moves (482 overlapping windows). Fragility reads resilient (3.01): it is trading 8% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

1.30/ 10cheap

Basis: cross_sectional

Fragility

3.01/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

8.2

ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 40.4% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.82x — IV ≤ HV

Sector Relative≤50%

Sector percentile 47% — below sector median

Term Structure

<1.1x

Front/Back 0.87x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 27.6% — normal range

Spread-Adjusted Value

<80%

Effective IV 60.6% (ATM 27.6% + spread 16.5% + bias) — good value

Execution Efficiency

<3.0%

Total drag 23.01% (spread 16.52% + slippage 6.49%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 160.95 (vega 265.886 / spread 16.52%) — efficient

Sentiment

Bullish or bearish?

5.3

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -34%, Raw: -25%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -34% (strong bearish) — Raw: -25%

OI Skew Magnitude

≥15%

|OI skew| 13.8% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +29.9%, OI skew +13.8% — aligned

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: +0%, ATM: -3%, OTM: -32% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 41% — bullish vs sector

Activity

Unusual activity?

4.3

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed

Volume Surge

≥1.5x

Volume 0.7x avg — normal

Turnover Rate

≥15%

Vol/OI 5.7% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +7.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 79% — active vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 21% — patient

Flow Conviction

≥30

Conviction -34 (bearish) — moderate

Liquidity

Can I trade efficiently?

2.8

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks0/8 checks passed

Tradeable Spread

≤5.0%

Spread 16.5% — wide

Adequate OI

≥10,000

OI 7,538 — thin

Active Volume

≥500

Volume 428/day — thin

Reasonable Cost

≤$0.50

$0.83 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 48% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 13.7 contracts (bid:6.5 ask:7.2) — thin

Execution Quality

<1.0%

Avg slippage 6.49% — poor

Timing

Is now a good time?

7.0

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -13.1% — contango

IV Percentile Clarity

<30 or >70

IV percentile 40% — neutral

Event Detection

≥10pts kink

IV kink -3.3pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1047.62 — 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 -34% @ 67% consistency — moderate (bearish)

Smart Money Timing

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls6.2

bullishIV cheap, mixed flow

Long Puts6.0

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.0

bullishIV too cheap, mixed flow

Covered Call3.8

bearishIV too cheap, mixed 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 PH

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