PTCPTC, INC
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $16.6B|NASDAQ
● 2026-04-17$139.74
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +0.1%YTD -17.8%7D +4.7%
Options Vol
3,561
30D
Implied Move
±11.9%
IV Rank
25%
PTC Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.7
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 65.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.21x — IV premium over HV
Sector Relative≤50%
Sector percentile 26% — below sector median
Term Structure
<1.1xFront/Back 1.09x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 40.0% — normal range
Spread-Adjusted Value
<80%Effective IV 103.9% (ATM 40.0% + spread 32.0% + bias) — expensive
Execution Efficiency
<3.0%Total drag 43.31% (spread 31.96% + slippage 11.35%) — high friction
Vega Efficiency
≥5.0Vega efficiency 8.64 (vega 27.615 / spread 31.96%) — efficient
Sentiment
Bullish or bearish?
3.9
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -66%, Raw: -45%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -66% (strong bearish) — Raw: -45%
OI Skew Magnitude
≥15%|OI skew| 4.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +96.3%, OI skew +4.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 20%, 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: +19%, OTM: -60% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 0% — very bullish vs sector
Activity
Unusual activity?
8.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks7/9 checks passed
Volume Surge
≥1.5xVolume 4.7x avg — hot
Turnover Rate
≥15%Vol/OI 20.7% — high turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change +27.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 91% — very active vs sector
Trade Quality
≥30%Large trade volume 71% — heavy institutional
Execution Urgency
≥60%Aggressive execution 54% — patient
Flow Conviction
≥30Conviction -66 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
3.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 32.0% — wide
Adequate OI
≥10,000OI 17,216 — adequate
Active Volume
≥500Volume 3,561/day — adequate
Reasonable Cost
≤$0.50$1.60 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 28% — tighter than sector
Order Book Depth
≥100 contractsDepth 54.8 contracts (bid:25.8 ask:29.0) — thin
Execution Quality
<1.0%Avg slippage 11.35% — poor
Timing
Is now a good time?
7.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +8.6% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 65% — neutral
Event Detection
≥10pts kinkIV kink 3.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 449.03 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 12d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -66% @ 83% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 101 (ITM 20% + inst 71%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.0
bullishIV fair, bearish flow
Long Puts5.8
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put4.5
bullishIV fair, bearish flow
Covered Call5.3
bearishIV fair, bearish flow
For educational purposes only. Not investment advice.