Options/PRU

PRUPrudential Financial, Inc.

Options Analysis Report•LIFE INSURANCE

Market Cap $41.3B|NYSE

● 2026-08-31$119.79

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y +11.5%YTD +5.2%7D -2.3%

Options Vol

362

30D

Implied Move

±5.8%

IV Rank

15%

PRU Options Overview

IV is low. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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PRU Gamma Walls

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PRU Hedge Radar

No action needed

Full Hedge Radar

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

Protection is priced in the cheap band (2.76) — downside puts carry 0.1 IV points LESS than at-the-money, and near-dated vol is priced 17% below far-dated, measured against this name's own rolling 17-trading-day realized moves (487 overlapping windows). Fragility reads resilient (3.38): it is trading 17% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

2.76/ 10cheap

Basis: cross_sectional

Fragility

3.38/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

6.8

ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 27.7% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.38x — IV premium over HV

Sector Relative≤50%

Sector percentile 52% — above sector median

Term Structure

<1.1x

Front/Back 0.79x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 25.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 51.8% (ATM 25.0% + spread 13.4% + bias) — good value

Execution Efficiency

<3.0%

Total drag 18.62% (spread 13.38% + slippage 5.24%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 26.09 (vega 34.912 / spread 13.38%) — efficient

Sentiment

Bullish or bearish?

5.0

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +16%, Raw: +11%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +16% (bullish) — Raw: +11%

OI Skew Magnitude

≥15%

|OI skew| 4.3% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -6.1%, OI skew -4.3% — weak (same direction)

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: -100%, ATM: +13%, OTM: +12% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 75% — very bearish vs sector

Activity

Unusual activity?

1.7

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.1x avg — normal

Turnover Rate

≥15%

Vol/OI 0.5% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -1.7% (5d) — stable

Sector Relative≥60%

Sector activity percentile 15% — quiet vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 25% — patient

Flow Conviction

≥30

Conviction +16 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.3

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks1/8 checks passed

Tradeable Spread

≤5.0%

Spread 13.4% — wide

Adequate OI

≥10,000

OI 77,476 — deep

Active Volume

≥500

Volume 362/day — thin

Reasonable Cost

≤$0.50

$0.67 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 52% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 93.9 contracts (bid:35.9 ask:58.0) — thin

Execution Quality

<1.0%

Avg slippage 5.24% — poor

Timing

Is now a good time?

6.6

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -20.6% — contango

IV Percentile Clarity

<30 or >70

IV percentile 28% — buyer opportunity

Event Detection

≥10pts kink

IV kink -3.8pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1466.88 — 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 +16% @ 58% consistency — unclear

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls5.6

bullishIV cheap, mixed flow

Long Puts5.6

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.4

bullishIV too cheap, mixed flow

Covered Call4.3

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.

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