PODDInsulet Corporation
Options Analysis Report•SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
Market Cap $14.1B|NASDAQ
● 2026-04-17$203.73
BEARISH
Analysis: 2026-04-16 EOD data
1Y -14.6%YTD -28.0%7D +3.5%
Options Vol
783
30D
Implied Move
±16.5%
IV Rank
76%
PODD Options Overview
IV is elevated with bearish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
2.6
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 83.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.99x — IV premium over HV
Sector Relative≤50%
Sector percentile 84% — above sector median
Term Structure
<1.1xFront/Back 1.30x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 50.5% — normal range
Spread-Adjusted Value
<80%Effective IV 79.5% (ATM 50.5% + spread 14.5% + bias) — fair
Execution Efficiency
<3.0%Total drag 18.06% (spread 14.52% + slippage 3.54%) — high friction
Vega Efficiency
≥5.0Vega efficiency 43.78 (vega 63.568 / spread 14.52%) — efficient
Sentiment
Bullish or bearish?
1.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Moderate signal (Conviction: -89%, Raw: -87%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -89% (strong bearish) — Raw: -87%
OI Skew Magnitude
≥15%|OI skew| 6.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -72.2%, OI skew +6.4% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 76%, 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: -65%, OTM: -34% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 95% — very bearish vs sector
Activity
Unusual activity?
6.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 6.9x avg — hot
Turnover Rate
≥15%Vol/OI 12.7% — 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 +1.7% (5d) — stable
Sector Relative≥60%
Sector activity percentile 97% — very active vs sector
Trade Quality
≥30%Large trade volume 74% — heavy institutional
Execution Urgency
≥60%Aggressive execution 18% — patient
Flow Conviction
≥30Conviction -89 (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 14.5% — wide
Adequate OI
≥10,000OI 6,176 — thin
Active Volume
≥500Volume 783/day — adequate
Reasonable Cost
≤$0.50$0.73 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 85% — much wider than sector
Order Book Depth
≥100 contractsDepth 46.9 contracts (bid:15.7 ask:31.2) — thin
Execution Quality
<1.0%Avg slippage 3.54% — poor
Timing
Is now a good time?
8.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks9/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +29.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 84% — seller opportunity
Event Detection
≥10pts kinkIV kink 12.8pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 938.96 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 19d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -89% @ 94% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 104 (ITM 20% + inst 74%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls3.0
bullishIV expensive, bearish flow
Long Puts5.7
bearishIV expensive, bearish flow
Premium Sellers
Cash-Secured Put4.5
bullishIV rich premium, bearish flow
Covered Call7.3
bearishIV rich premium, bearish flow
For educational purposes only. Not investment advice.